Pensions Specialist Job Opportunity at East African Community

Job Title: Pensions Specialist

(1 POST) – (REF: EAC/HR/2012/47)
Directorate: Planning
Reports to: Regional Policy Advisor, Market Development
Duration of Contract: 2 years Fixed Term (Non-Established)
Station: East African Community (EAC) Headquarters,
Arusha, Tanzania


MAIN PURPOSE OF THE POSITION:
The EAC- FSDRP 1 requires the services of an experienced pensions’ sector professional, familiar
with the operations and management of pension schemes within the region and/or developing
economies, to provide technical leadership for the interventions required to integrate the sector. To
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carry out his/ her tasks the Pension Specialist should liaise with relevant financial and pension
sector institutions. These include but are not limited to central banks capital markets regulators,
insurance and pension regulators, fund managers

SCOPE OF THE ASSIGNMENT:
The position requires delivery of the incumbent’s own direct technical inputs, together with guiding
analytical work and consultative processes relating to pension sector development. The Pension
Specialist’s responsibilities will be as follows:
1. To provide technical inputs, knowledge and analysis in the identification, design, and
development of regional interventions aimed at integration of the sector.
2. Working alone or jointly with consultants, to assess the pension sectors in the partner states,
by identifying the economic, institutional, social and demographic factors, affecting sectoral
development.
3. Carry out analysis and consultations, with the aim of informing regional policies and
strategies.
4. Using the appropriate pension sector analytical software, the Pension Specialist will model
the outcome of various scenarios for the future of the pension sector in partner states, this
will include inter alia simulating the effects of reform options for both defined benefit and
defined contribution schemes.
5. Work jointly with sectoral stakeholders and where required, specialist resource persons or
consultants, in the preparation of draft pension legislation and regulations.
6. The specialist will back- stop technical committees or taskforces together with other
structured consultative processes relating to pension sector development and integration, with
the aim of consensus development on key project objectives under the project components
mentioned in the background section above.
7. Based on the above and other analyses, the specialist will develop recommendations with
respect to strategies for regional pension sector reform and integration.

DELIVERABLES:
i) Final Report on East Africa Community Pensions Study. The report should address the
number of schemes, how they have been incorporated, their statistical data, including funds
under management, members, retirees etc. The report should address the legal framework
and the supervisory arrangements in each partner state. The report will also disclose the
financial position of each of the schemes.
ii) Policy dossier on recommendations for policy interventions for the regional pensions
industry to support the preparation of the EAC Pensions Act, which will enable portability
of pensions benefits between schemes across the region;
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iii) Input into the draft Pensions Bill and Regulations.

QUALIFICATIONS AND EXPERIENCE:
A Master’s degree or equivalent in Economics, Business, Finance and/or related fields with a first
University degree in Economics, Business, Finance or related fields and specialized experience or a
qualification in pension sector management.
At least 8 years of relevant experience, working in developing countries or an emerging market
pension sector, including both operational and policy level experience.


SKILLS AND COMPETENCIES:
Strong knowledge and experience in the following areas gained from working in developing
countries: Pension legislation; Pension regulation and supervision; The principles recommended by
the International Organization of Pension Supervisors; Pension scheme operations; Valuation of
defined benefit schemes; Assessing the outcomes of various pension sector options; Knowledge and
experience in consumer protection and public education will be an added advantage; Should be in
possession of strong analytical and communication skills both written and verbal.

TERMS AND CONDITIONS OF SERVICE:
This post is a non-established EAC-FSDRP project position, supported by donor funds.
Contract terms are limited to the period of the project (i.e. March 2014). Renewal is possible
subject to extension of the funding and individual staff’s performance. Attractive
consolidated remuneration packages for fixed contract positions will be paid in accordance
with the EAC-FSDRP budget.


HOW TO APPLY:
Suitably qualified candidates should submit their applications quoting the reference number of the
position applied for, by registered mail, courier service, e-mail (all soft copies should be in MS
Word) or dispatch together with Curriculum Vitae, copies of both academic and professional
certificates and testimonials, names and addresses of three referees, and day time telephone/cell
phone contact details to:
The Secretary General
East African Community
Arusha International Conference Centre
5th Floor, Kilimanjaro Wing
P.O. Box 1096
Arusha - Tanzania.
Fax No: 007 27 2502455/2504481
E-mail: vacancies@eachq.org
To be received not later than October 15th 2012


Deadline: 15th October 2012