The National Social Security Fund is a friendly service organization which exists for the public good. It offers social protection to all Kenyan workers. We provide social security protection to workers in the formal and informal sectors. We register members, receive their contributions, manage funds of the scheme, process and ultimately pay out benefits to eligible members or dependents. period.

SUMMARY

Reporting to the Assistant Manager, Investments/Actuarial/Insurance he/she will be responsible for coordinating with consultants to prepare and/or review policy documents such as Investment Strategy, Investment Policy and Interest Declaration and Reserve Allocation Policy

KEY RESPONSIBILITIES:

• Conduct actuarial valuations;
• Analysis of insurable assets and the insurance contracts;
• Ensure budgets for investment purposes;
• Liaise with consultants to coordinate data collection for actuarial valuation;
• Ensure monitoring of the performance of the portfolio, asset allocation and the compliance of the same to laws and regulations;
• Analyze technical specifications for the procurement of investment service providers.
• This entails the review of contracts;
• Coordinate portfolio construction, for example, asset allocation, identification and analysis of new opportunities;
• Ensure Preparation of Board Papers and other ad hoc reports;
• Monitor cash flows and coordinating the transfer of surplus funds for investment;
• Monitor investment service providers;
• Analyze invoiced fees and preparing memos seeking approvals where necessary.
• Manage the Fund’s portfolio of securities to ensure profitability and compliance with the Fund’s risk management policy;
• Work closely with external Fund Managers and Custodians in the implementation of the Fund’s investment portfolio;
• Identify sources of surplus funds for investment and/or to meet shortages, placing and monitoring investment offers;
• Undertake relevant market research to advise management on appropriate investment opportunities available;
• Increases risk adjusted returns on member funds
• Manages, leads and develops staff
• Prepares investment policy
• Manage TPS customers’ accounts efficiently and effectively.

JOB REQUIREMENTS/SPECIFICATIONS:

• Bachelor’s Degree in Insurance, Actuarial Science, Accounting, Finance, Economics or related field from a recognized institution;
• Masters’ Degree in Insurance, Actuarial Science, Accounting, Finance, Economics or related field from a recognized institution is and added advantage;
• Professional Qualification such as Certified Financial Analyst (CFA), Certified Investment and Financial Analyst (CIFA), Certification in Insurance or any other relevant qualification;
• At least seven (7) years’ relevant cumulative work experience, three (3) of which should have been in a supervisory position;
• Membership to a relevant and accredited professional body and in good standing;
• Supervisory course from a recognized institution; and
• Proficiency in computer applications.