Exciting Career Opportunity at the Rwanda Social Security Board (RSSB) – Lead Research and Data Analytics
Are you ready to embark on a transformational journey? We are seeking a dynamic and experienced individual to join us as the Lead, Research and Data Analytics. If you thrive in dynamic environments and are committed to innovation and transformation, this is the opportunity for you!
In this role, you will play a crucial part in leading research, and data analysis to support strategic decisions within Rwanda Social Security Board. You will lead research and development of statistical models which will promote efficiency in the organization. Your efforts will contribute to the continued growth and success of RSSB.
As the Lead, Research and Data Analytics, you will give strategic advice and recommendations in issues related to research and data analysis. If you have what it takes to lead strategic research and data analytics initiatives in a big institution, we encourage you to apply.
Reporting to the Manager, Actuarial Services, Research and Data Analytics, the Lead, Research and Data Analytics will be responsible for spearheading data-driven research initiatives and analytics projects to support the actuarial services and other departments of the Rwanda Social Security Board. This role combines expertise in statistical analysis, data science, and research principles to provide valuable insights for decision-making and policy development.
About RSSB
The Rwanda Social Security Board (RSSB) has the mandate to manage and promote social security in Rwanda. RSSB’s vision is to provide a comprehensive social security system that caters to the diverse social security needs of the population, RSSB plays an important role in realizing Vision 2050 and the National Strategy for Transformation (NST1). RSSB manages six social security schemes, namely: Pension, Occupational Hazards, Medical scheme, CBHI, Maternity Leave Benefits and EjoHeza (Long-term Term Saving Scheme).
As a leading player in the financial sector, RSSB serves as the largest institutional investor in Rwanda. With assets under management amounting to 2.06 trillion Rwf , which is equivalent to over 15% of the country’s GDP, RSSB invests in key sectors of the economy and plays a crucial role in growing the country’s financial sector. With approximately 12 million members in the above six schemes, encompassing over 90% of Rwanda’s population, RSSB is at the forefront of securing the health and financial well-being of Rwandans.
To achieve its important mandate, RSSB is embarking on a transformative journey, aiming to become a modern, data-driven, and high-performing institution. As part of this ambitious initiative, we are seeking highly motivated individuals who are results-oriented and uphold the highest standards of professionalism and integrity.
Key Duties and Responsibilities
- Develop and maintain actuarial models for pension and other social security programs
- Conduct regular valuations to assess the long-term sustainability of social security schemes under RSSB management
- Project future cash flows, revenues, and expenses for various social security schemes
- Identify and analyze financial risks, recommending mitigation strategies
- Evaluate the impact of proposed policy changes on the social security system
- Provide actuarial insights to support strategic decision-making
- Collaborate with other departments and relevant stakeholders to assess and design feasibility of potential new social security schemes and assist in their integration to RSSB
- Develop recommendations for social security program enhancements or adjustments
- Contribute to the development of actuarial policies and procedures
- Present complex actuarial findings to non-technical audiences, including senior management and board members
- Conduct research on demographic trends, economic factors, and their impact on social security programs
- Propose and implement innovative actuarial methodologies to improve accuracy and efficiency
- Ensure all actuarial work complies with relevant laws, regulations, and professional standards
- Collaborate with other departments to ensure integration of actuarial insights into operations
- Stay current with actuarial best practices and emerging trends in social security systems
- Prepare and review actuarial reports for internal and external stakeholders
Key Qualifications and Experience
The successful candidate must have at least:
- Master’s degree in Actuarial Science, Statistics, Data Science, Economics, Applied Mathematics or any other relevant field preferably with at least 4 years of experience in Actuarial Services, one (1) of which should have been in a leadership role.
OR
- Bachelor’s degree in Actuarial Science, Statistics, Applied Mathematics, or any other relevant field preferably with at least 6 years of experience, two (2) of which should have been in a leadership role
- Professional actuarial qualification: Having completed a certain number of professional actuarial papers by an internationally recognized actuarial association (IFOA, SOA, CIA, etc) and willingness to continue working towards becoming a qualified actuary is an added advantage
Key competencies
Technical Competencies:
- The holder must possess research skills, strong analytical skills and innovative thinking;
- The holder must have a strategic approach to problem solving;
- The incumbent must have in-depth knowledge in data analytics and data analytics tools;
Behavioral Competencies:
- Must demonstrate impeccable customer service focus, strategic thinking, and strong ethical background with an ability to resist and zero tolerance for corrupt, political and other undesirable influences;
- Must be able to establish and maintain constructive and effective relationships with key stakeholders and staff alike;
- Must be open to change and adapt established methods for new uses within the institution;
Additional Information:
The position is based in Kigali, Rwanda and applicants must be willing to relocate outside their countries of domicile.
RSSB reserves the right to appoint or to issue an employment contract to the successful candidate.
Interested candidates are advised to visit the RSSB website for a more detailed job description for the role, and submit your application online by Friday, 23 August 2024.
In addition, please attach a curriculum vitae that contains details of your qualifications, experience and positions held relevant to this role. Include your day and evening telephone numbers, email address, names and address of three professional referees. Also, attach copies of your academic and professional qualifications.
Any form of canvassing will lead to automatic disqualification.
Only short-listed applicants will be contacted.
Shortlisted candidates will be required to submit a valid Criminal Clearance Certificate.
RSSB is an Equal Opportunity Employer
Click here to visit the website source & Apply
