Registrar at Pension and Insurance Authority

JOB OPPORTUNITY – REGISTRAR

The Pensions and Insurance Authority (PIA) is the regulatory and supervisory Authority for the Pensions and Insurance Industry in Zambia. The entities operating in the pensions and insurance market include among others; insurance companies, reinsurance companies, insurance intermediaries, pension schemes, fund managers and fund administrators. The Authority hereby invites applications from suitably qualified, experienced, passionate and inspirational candidates to fill the position of Registrar.

OVERALL RESPONSIBILITIES: –

The Registrar, who is the Chief Executive Officer (CEO) provides overall leadership to the Authority in order to execute on behalf of the Board, the statutory functions of regulating and supervising the pension and insurance industries in accordance with provisions of the Pension Scheme Regulation Act, No. 28 and the Insurance Act, No. 27. The Registrar therefore oversees all operations, functions and activities of the Authority.

SPECIFIC DUTIES AND RESPONSIBILITIES: –

• Develop and implement the Authority’s strategies and policies aimed at attaining its mandate.
• Formulate and enforce standards for the conduct of the business of insurance and occupational pension’s schemes that meet local and international standards and best practice.
• Register and deregister pension schemes and intermediaries in accordance with the Law.
• Licence and revoke Licences for insurance entities in accordance with the Law.
• Advise the Government on policies and adequate insurance protection of national assets and properties to safeguard against losses.
• Conduct regular resource planning and the development of annual budgets
• Develop a conducive work culture, good work ethics and corporate governance in the Authority
• Lead and build an effective team by planning, reviewing and evaluating performance standards and taking corrective actions, adopting sound
• human resource policies systems, operating principles and procedures, motivating and fostering a healthy industrial relations climate, performance standards, operating principles
• Institute controls checks, systems and procedures as well as policies that contribute towards risk management.
• Reports and provide pertinent advice to the Board of Directors on the performance of the Authority.
• Cultivating and nurturing good relations with the Government of the Republic of Zambia (GRZ), stakeholders, regional and international bodies and institutions to foster cooperation and goodwill necessary for the success of PIA.

QUALIFICATIONS AND EXPERIENCE

• GCE O Level Certificate
• Bachelor’s degree in Actuarial analysis, Business Management, Law or Accounting or Business related field.
• Masters degree in business related field OR Professional qualification level in Accounting.
• Over 10 years working experience, including industrial exposure, 5 years at senior level to gain necessary exposure in Pension or Insurance industry.
• Membership to relevant professional institutions

OTHER REQUIREMENTS

• Ability to interpret and analyze financial reports and relevant Laws;
• Ability to make decisions on empirical evidence;
• Solid understanding and ability to analysis the role of regulation and supervision in financial services;
• Highly objective and ethical; and
• Excellent leadership attributes including interpersonal, communication, mentoring, organizational and coordination skills.

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