Jamii Opportunities
JF-Expert Member
- Feb 10, 2014
- 5,158
- 1,688
1.0 BACKGROUND
The EAC Financial Sector Development and Regionalization Project I (EAC -FSDRP I), which is funded by a $16 million IDA grant, became effective in June 2011. The project aims to support the development of the East African financial sector, through the establishment of a single market in financial services.Creation of a single financial services market will also contribute to realization
of the Common Market Protocol, by facilitating the attainment of the four freedoms i.e. movement of labour, services, capital and the right of establishment.
Under FSDRP I, the Project Administration Team (PAT) has begun work to establish foundations for EAC financial sector regionalization through; establishing core capacity at the institutional level to support the EAC financial sector integration process; producing EAC model directives for financial sector laws and regulations; and achieving early wins in regional integration of market infrastructure.
The FSDRP I is structured into six components. The components are: (i) financial inclusion and strengthening market participants (ii) harmonization of financial laws and regulations against common standards; (iii) mutual recognition of supervisory agencies; (iv) integration of financial market infrastructure; (v) development of a regional bond market; and (vi) capacity building.
2.0 MAIN PURPOSE OF THE POSITION
The EAC- FSDRP 1 requires the services of an experienced insurance sector professional, familiar with the operations and management of insurance sector within the region and/or developing economies, to provide technical leadership for the interventions required to integrate the sector. To carry out his/ her tasks the Insurance Specialist should liaise with relevant financial sector institutions. These include but are not limited to central banks, capital markets regulators, insurance and pension sector regulators as well as those providing oversight to Microfinance and SACCOs.
3.0 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 insurance sector development. The Insurance Specialist's responsibilities willbe as follows:
1. Providing technical inputs, knowledge and analysis in the identification,design, and development of regional interventions aimed at integration of the sector;
2. Carrying out consultations (alone or jointly with consultants), to assess the insurance sector in the Partner States, by gathering all relevant information and identifying the legal and institutional, economic, social and demographic factors, affecting sectoral development;
3. Carrying out analysis and consultations, with the aim of informing regional policies and strategies;
4. Working jointly with sectoral stakeholders and where required, specialist resource persons or consultants, in the preparation of draft insurance legislation and regulations;
5. The specialist will back- stop technical committees or taskforces together with other structured consultative processes relating to insurance sector development and integration, with the aim of consensus development on key project objectives under the project components mentioned in the background section above;
6. Based on the above and other analyses, the specialist will develop recommendations with respect to strategies for regional insurance sector reform and integration;
7. Assess capacity needs of the insurance sector industry and advise on appropriate capacity building measures to advance development integration.
4.0 DELIVERABLES
i. Periodic reports on current regional and global issues affecting the insurance sector development;
ii. Recommendations on policy priorities to be addressed in order to facilitate insurance sector development and integration;
iii. Strategy on innovation and expansion of access of the underserved to insurance products through non-bank financial institutions;
iv. A robust insurance legal and regulatory framework;
v. Regional capacity building program for insurance sector policy makers, private sector and consumers.
5.0 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,insurance, commerce or related fields and specialized experience or a professional qualification in insurance sector regulation and/or operations.
At least 8 years of relevant experience, at middle management level or above,working in developing countries or an emerging market insurance sector,including both operational and policy level experience.
6.0 SKILLS AND COMPETENCIES
Strong knowledge and experience in the following areas gained from working indeveloping countries: Insurance legislation; Insurance regulation and supervision; The principles recommended by the International Association of Insurance Supervisors (IAIS); Assessing the outcomes of various insurance sector reforms; 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.
7.0 TERMS AND CONDITIONS OF SERVICE
This post is a non-established EAC position, supported by donor funds.Contract terms are limited to the period of the project (i.e. currently ending March 2014). Renewal is possible subject to extension of the funding and individual staff's performance. An Attractive consolidated remuneration packages for fixed contract positions will be paid in accordance with the EAC-FSDRP budget.
8.0 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
5 EAC Close
P.O. Box 1096
Arusha - Tanzania.
Fax No: 007 27 2502455/2504481
E-mail: eac@eachq.org
TO BE RECEIVED NOT LATER THAN 27TH FEBRUARY, 2014 AT
17:00 ARUSHA TIME
NOTE FOR CANDIDATES WHO HAD ALREADY SUBMITTED THEIR APPLICATIONS
This is a re-advertisement. Candidates who have already submitted their applications are required to resubmit new applications before the submission deadline.
The EAC Financial Sector Development and Regionalization Project I (EAC -FSDRP I), which is funded by a $16 million IDA grant, became effective in June 2011. The project aims to support the development of the East African financial sector, through the establishment of a single market in financial services.Creation of a single financial services market will also contribute to realization
of the Common Market Protocol, by facilitating the attainment of the four freedoms i.e. movement of labour, services, capital and the right of establishment.
Under FSDRP I, the Project Administration Team (PAT) has begun work to establish foundations for EAC financial sector regionalization through; establishing core capacity at the institutional level to support the EAC financial sector integration process; producing EAC model directives for financial sector laws and regulations; and achieving early wins in regional integration of market infrastructure.
The FSDRP I is structured into six components. The components are: (i) financial inclusion and strengthening market participants (ii) harmonization of financial laws and regulations against common standards; (iii) mutual recognition of supervisory agencies; (iv) integration of financial market infrastructure; (v) development of a regional bond market; and (vi) capacity building.
2.0 MAIN PURPOSE OF THE POSITION
The EAC- FSDRP 1 requires the services of an experienced insurance sector professional, familiar with the operations and management of insurance sector within the region and/or developing economies, to provide technical leadership for the interventions required to integrate the sector. To carry out his/ her tasks the Insurance Specialist should liaise with relevant financial sector institutions. These include but are not limited to central banks, capital markets regulators, insurance and pension sector regulators as well as those providing oversight to Microfinance and SACCOs.
3.0 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 insurance sector development. The Insurance Specialist's responsibilities willbe as follows:
1. Providing technical inputs, knowledge and analysis in the identification,design, and development of regional interventions aimed at integration of the sector;
2. Carrying out consultations (alone or jointly with consultants), to assess the insurance sector in the Partner States, by gathering all relevant information and identifying the legal and institutional, economic, social and demographic factors, affecting sectoral development;
3. Carrying out analysis and consultations, with the aim of informing regional policies and strategies;
4. Working jointly with sectoral stakeholders and where required, specialist resource persons or consultants, in the preparation of draft insurance legislation and regulations;
5. The specialist will back- stop technical committees or taskforces together with other structured consultative processes relating to insurance sector development and integration, with the aim of consensus development on key project objectives under the project components mentioned in the background section above;
6. Based on the above and other analyses, the specialist will develop recommendations with respect to strategies for regional insurance sector reform and integration;
7. Assess capacity needs of the insurance sector industry and advise on appropriate capacity building measures to advance development integration.
4.0 DELIVERABLES
i. Periodic reports on current regional and global issues affecting the insurance sector development;
ii. Recommendations on policy priorities to be addressed in order to facilitate insurance sector development and integration;
iii. Strategy on innovation and expansion of access of the underserved to insurance products through non-bank financial institutions;
iv. A robust insurance legal and regulatory framework;
v. Regional capacity building program for insurance sector policy makers, private sector and consumers.
5.0 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,insurance, commerce or related fields and specialized experience or a professional qualification in insurance sector regulation and/or operations.
At least 8 years of relevant experience, at middle management level or above,working in developing countries or an emerging market insurance sector,including both operational and policy level experience.
6.0 SKILLS AND COMPETENCIES
Strong knowledge and experience in the following areas gained from working indeveloping countries: Insurance legislation; Insurance regulation and supervision; The principles recommended by the International Association of Insurance Supervisors (IAIS); Assessing the outcomes of various insurance sector reforms; 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.
7.0 TERMS AND CONDITIONS OF SERVICE
This post is a non-established EAC position, supported by donor funds.Contract terms are limited to the period of the project (i.e. currently ending March 2014). Renewal is possible subject to extension of the funding and individual staff's performance. An Attractive consolidated remuneration packages for fixed contract positions will be paid in accordance with the EAC-FSDRP budget.
8.0 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
5 EAC Close
P.O. Box 1096
Arusha - Tanzania.
Fax No: 007 27 2502455/2504481
E-mail: eac@eachq.org
TO BE RECEIVED NOT LATER THAN 27TH FEBRUARY, 2014 AT
17:00 ARUSHA TIME
NOTE FOR CANDIDATES WHO HAD ALREADY SUBMITTED THEIR APPLICATIONS
This is a re-advertisement. Candidates who have already submitted their applications are required to resubmit new applications before the submission deadline.
