Head, Finance at Rwanda Social Security Board (RSSB): (Deadline 13 July 2023)

Head, Finance at Rwanda Social Security Board (RSSB): (Deadline 13 July 2023)

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

The Rwanda Social Security Board aspires to transform towards a modern, high performing institution that is committed to operational excellence and delivering strategic financial initiatives that ensure the long-term sustainability of the schemes under management.

This role offers a unique opportunity to be at the forefront of a major transformation and shape the future direction of one of the country’s largest financial institutions. We are seeking individuals with sound financial expertise and a proven track record in driving financial innovation, capable of leveraging technology and operational efficiency to optimize the financial performance of the organisation and ensure its sustainability and growth in an ever-changing landscape.

Reporting to the Chief Finance and Contributions Officer, the Head of Finance will collaborate with cross-functional teams to develop and execute comprehensive financial strategies, while overseeing budgeting, forecasting, and risk assessment.

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 (NST1). 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 1.9 trillion Rwf, which is equivalent to 17% of the country’s GDP, RSSB invests in key sectors of the economy and plays a crucial role in providing up to 20% of liquidity for the financial sector. With approximately 12 million members in the above six schemes, encompassing close to 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. Coordinate and supervise the preparation of periodical financial reports and ensure that they are timely submitted
2. Coordinate, supervise and ensure timely budget preparation, execution, and reporting
3. Ensure close monitoring of current accounts and fixed Income securities (Term deposits, T-bonds, T-Bills, Corporate Bonds, commercial papers) of all Schemes managed by RSSB
4. Liaise with internal and external auditors
5. Allocate activities among functions under his/her supervision
6. Oversee Financial Reporting and Analysis and Budget and Treasury activities
7. Evaluate the performance of and provide training and opportunities for Finance staff.
8. Execute the plans of the organisation in accordance with the policies and directives of the top management.
9. Oversee preparation of plans Finance department
10. Identify gaps in policies related to the Finance function and propose necessary improvements
11. Prepare plans of the Finance department and ensure their effective implementation
12. Perform any other duties related to the Finance function as may be assigned from time to time

Key Qualifications and Experience

The successful candidate must have at least:

1. Master’s Degree in Finance, Accounting, Economics, Business Administration, Commerce with at least 6 years’ experience, 2 of which should have been in a senior managerial role

OR

1. Bachelor’s Degree in Finance, Accounting, Economics, Business Administration, Commerce with at least 8 years’ experience, 2 of which should have been in a senior managerial role
2. CPA, ACCA or equivalent is an added advantage

Key Competencies

Technical Competencies:

1. The role holder  must have in-depth knowledge in financial reporting and modeling
2. The role holder must have sound understanding in financial sector development specifically to healthcare financing
3. The incumbent must have a strong knowledge in pension product diversification and innovation
4. The role holder should have good working knowledge and understanding in the taxation system while possessing FinTech and data processing skills
5. The role holder must have sound knowledge and understanding on the relevant laws and regulations

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 Thursday 13, July 2023.

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

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