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RBA Actuarial Officer Job Vacancy

Sunday, January 16, 2011

The Retirement Benefit Authority (RBA) is a State Corporation set up to regulate and supervise the retirement benefit sector in Kenya.

RBA is established through the Retirement Benefit Act (No. 3 of 1997)

In an effort to enhance the operations of the existing team as well as increase its effectiveness in service delivery, RBA is seeking to recruit high caliber result-oriented persons with exceptional communication and IT skills who will work flexibly in a small but highly professional team and respond imaginatively to varied and demanding range of tasks.

Interested persons who are comfortable in high performance environment and have the ability to turn strategy into practical measures complexity and detail are invited to apply for the following vacancy:

Actuarial Officer

Location: Nairobi
Section: Supervision
Job Grade: RBA 6
Immediate Supervisor/Manager: Manager Supervision
Subordinates: Supervision Officers

Job Role: To enable the Authority implement and evaluate supervisory programmes aimed at managing risks in schemes, securing compliance of schemes and service providers through off-site and on-site inspections and enforcement of statutory requirements.

Special Requirements
• Must be a member of a professional Actuarial Association
• Knowledge and technical skill in modern pension systems, supervision concepts and regulation.
• ICT Navigation skills with a background in a HR software
Key Result Areas:

Risk Based Supervision
• Continuously carryout portfolio risk profiling
• In consultation with the immediate supervisor, execute supervisory interventions intended to manage scheme risks
• Identify and provide feedback on challenges of risk based supervision model
Analysis of Actuarial Valuation Reports,scheme conversions and amalgamations
• Conduct analysis to ensure scheme funding is in compliance with the law.
• Conduct analysis of valuation reports to ensure consistency with best practice
• Consider and approve applications for scheme design, conversions and ensure protection of rights of members and sponsors
• Review, Monitor and evaluate remedial plan of actions
• Perform advanced statistical analyses for management reporting
Develop training programs for industry stakeholders
• Plan, design and implement comprehensive training programmes aimed at empowering stakeholders
• Participate in stakeholder programmes
• Prepare concept papers, progress reports and annual reports showing achievements against planned targets
• Participate in acivities and sessions that generate goodwill and advance the mission of RBA
• Cultivate a network of strong and lasting parnterships with stakeholders and relevant Government Departments

Administrative Issues
• Perform general administrative and operations-based tasks as deemed necessary by the Manager, Supervision
• Provide technical leadership to multidisciplinary teams to enable them develop, implement and evaluate strategic management plans
• Take initiatives in absence of immediate supervisor
• Support other members of the department

• Min: Bachelors degree in Actuarial Science or a First degree from a recognized University, with at least five core technical
• papers in professional actuarial examinations from a recognized examining body.
• Plus: At least 2 years experience in Pension Industry with high level computer skills
Age: 30-35

If your background, qualification, experience and competence match the above specification please submit your detailed CV, indicating day time telephone numbers, address and names of three referees to the address below not later than 31st January 2010, quoting the position applied for in a sealed cover.

The Chief Executive,
Retirement Benefits Authority,
Rahimtulla Tower - 13th Floor,
Upper Hill Road,
P.O. Box 57733 - 00200,

Only shortlisted candidates will be contacted.

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