Exciting Career Opportunity at the Rwanda Social Security Board (RSSB) - Actuarial Analyst

Are you ready to embark on a transformational journey? We are seeking a dynamic and forward-thinking leader to join us as an Actuarial Analyst. If you thrive in dynamic environments and are committed to innovation and transformation, this is the opportunity for you! 

If you have what it takes to work closely with a dynamic team of specialists and you are passionate about being part of a mission-driven organization that prioritizes the well-being of millions of individuals, then we are looking for you. In this pivotal role, you will directly contribute to transforming the organization, towards providing soci0-economic well-being, long-term stability and prosperity for Rwandans. 

Reporting to the Lead, Actuarial Services, the Actuarial Analyst will be responsible for performing actuarial reviews of the schemes managed by RSSB, evaluating and advising on potential financial risks that RSSB may encounter.

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 realising Vision 2050 and the National Strategy for Transformation (NST2). 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 Rwf 2.48 trillion, 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. By joining RSSB, you will have the opportunity to actively contribute to the advancement of social security and overall transformation of Rwanda. 

If you are passionate about making a meaningful impact, ready to embrace innovation and change, and eager to work in a dynamic and collaborative environment, then RSSB is the place for you.

Key Duties and Responsibilities

1. Implement advanced data analytics and modelling to understand the scheme’s data patterns

2. Collate and produce reports on analysis of findings and submit to management for review and approval purposes

3. Identify liabilities and risks that may affect RSSB and its operations

4. Identify trends that RSSB may require to be aware of in order to remain relevant in the market

5. Assist in the coordination of external actuarial valuation of RSSB schemes

6. Collect and clean data for actuarial valuation of RSSB schemes and check their validity

7. Implement the plan for actuarial valuation recommendations of RSSB schemes and regularly prepare related monitoring reports

8. Monitor RSSB schemes’ contributions and other income, benefits packages and costs and administrative expenses and propose necessary changes

9. Assist in identifying new sources of data and collect and verify data sources to assist in the development of various models for RSSB

10. Prepare projections for the schemes and for Senior Management to make informed decisions

11. Assess data and derive insights from their analysis and assist in building statistical models to determine financial predictions, conduct cost-benefit analyses, or develop risk projections based on a variety of factors

12. Prepare and timely submit the function’s periodic and annual reports as required

13. Perform any other duties related to the Actuarial function as may be assigned from time to time    

 Key Qualifications and Experience

The successful candidate must have at least:

• Master’s Degree in Actuarial Science, Mathematics, Data Science, Statistics or any other related field

OR

• Bachelor’s Degree in Actuarial science, Mathematics, Statistics, Data science or any other relevant field preferably with 2 years relevant experience

 Key competencies

Technical Competencies:

1. The role holder must have sound understanding in actuarial principles, standards and practices

2. The role holder must demonstrate in-depth knowledge of valuation processes

3. The role holder must proficient in Excel and knowledge of VBA would be a plus

4. The incumbent must have strong knowledge in computational actuarial methods

5. The incumbent must have sound understanding in the use of statistical programming languages like R and/or Python, and statistical and data modelling software skills

6. The incumbent must be pursuing or willing to pursue actuarial profession exams with recognized international professional bodies.  

Behavioral Competencies:

1. 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;

2. Must be able to establish and maintain constructive and effective relationships with key stakeholders and staff alike;

3. 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 Tuesday, 18th March 2025.

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