Monday, December 01, 2014

Actuarial and Financial Risk Manager(AFRM)

The National Social Security Fund (NSSF) which is the leading provider of social security services in Tanzania is hereby inviting applications from suitably qualified, dynamic and motivated Tanzanians to immediately fill vacant positions currently existing in the Fund.

Position: Actuarial and Financial Risk Manager(AFRM) 

Report to: Director of Actuarial and Risk Management

Key Duties and Responsibilities
1. Assists the Director in the overall process of actuarial, statistical, and financial modelling within the organization;
2. Ensure that programs to promote actuarial culture and actuarial competence are properly developed and maintained;
3. Ensure that appropriate statistical information management system which maintain relevant data for actuarial valuation, social security performance indicators, and risk management performance monitoring is properly maintained;
4. Ensure compliance with Asset-Liability Management practice;
5. Ensure that surveys and researches that are intended to either review or improve the existing schemes’ design are conducted as appropriate;
6. Plan and supervise the conduct of experience analysis to assess whether or not the basic scheme evolution is in line with the actuarial projections;
7. Monitor the development on national demographic and economic factors which influence the evolution of NSSF schemes;
8. Ensure that NSSF basic scheme specific financial and demographic modelling is performed annually;
9. Perform an actuarial and risk assessment of NSSF supplementary schemes;
10. Establish, implement, and maintain an appropriate financial risk management framework;
11. Conduct financial risk assessment and develop controls as appropriate;
12. Establish, implement, and maintain an appropriate credit and liquidity risks management strategy;
13. Ensure that financial risk issues are being appropriately investigated, evaluated, and resolved;
14. Review credit risk analysis performed in line with the existing credit granting process;
15. Carry out a robust assessment of planned investments;;
16. Perform detailed assets valuation and analysis to identify potential portfolio risks; and
17. Any other duties as may be directed by the Director.

Competence Requirement 
· Holder of postgraduate degree in Actuarial Science, Financial Economics, Financial Mathematics, Quantitative Finance or related field;
· At least three years of work experience at a senior position in Financial Risk Management or related field. Experience in financial sector will be an added advantage;
· Demonstrate an understanding of actuarial valuation process and reporting, and a good understanding of statistical modelling;
· Demonstrate a good knowledge in accounting and financial statement analysis, fixed income securities analysis and valuation, credit risk measurement and
management, liquidity risk measurement and management, market risk measurement and management, time series analysis, corporate financial risk management; and portfolio performance evaluation;
· Demonstrate the right attitude in terms of the ability to work under minimum supervision, being self motivated, working towards common goal, and confidence;
· Excellent presentation skills-written, verbal and graphic communication;
· Keen attention to detail, highly organized, ability to effectively perform multi-task and prioritize deliverables;
· Strong analytic and problem solving skills; ability to learn quickly and solve poorly defined problems;
· Fluency with Microsoft Office tools (Word, Excel, and PowerPoint). An advanced skill in computing packages such as VBA, and SPSS is an added advantage.

Mode of application: 
Applications in writing enclosing detailed curriculum vitae, certified copies of relevant certificates, contact address including telephone numbers, email address and names and addresses of three referees to be addressed to the undersigned.
Please take note of the following;

Applications without latest CVs will not be considered;

Director, Human Resources and Administration
National Social Security Fund,
P.O. Box 1322,

The closing date for submission will be on 15th December, 2014. 
Only short listed candidates will be contacted.