Job Description
The Pensions and Insurance Authority (“the Authority”) is the regulatory and supervisory authority for the pensions and insurance industries in Zambia as provided for in the Pension Scheme Regulations Act No.28 of 1996 (as amended) and the Insurance Act No. 38 of 2021. The Authority supervises and regulates entities operating in the pensions and insurance sector. This includes insurance companies, reinsurance companies, insurance intermediaries, pension schemes, pension fund managers and pension fund administrators.
As part of the organisation expansion, the Authority hereby invites applications from suitably qualified and experienced candidates to fill the following positions:-
INSPECTOR – PRUDENTIAL SUPERVISION, PENSIONS – TWO (2) POSITIONS
Reporting to the Manager – Prudential Supervision, Pensions , the Inspector Prudential Supervision will be responsible for risk analysis, assessments and inspections of regulated pension schemes/funds and related entities in order to enhance compliance to the Pension Scheme Regulation Act and sound financial and business practices.Zambian job opportunities
Specific Duties: –
To undertake effectively the registration and deregistration of pension schemes in order to ensure compliance with statutory provisions.
To undertake effectively the inspections of pension schemes in order to confirm the level of financial soundness, identified risks and compliance with statutory provisions.
To undertake timely the assessments of trustees of pension schemes in order to determine their suitability for appointment.
To undertake effectively the monitoring of ongoing compliance with statutory provisions by pension schemes and enforcement of supervisory actions in order to safeguard interests of pension scheme members.
To undertake effectively the analysis of returns, actuarial reports, audited financial statements and other documents from pension schemes in order to monitor financial performance, soundness and update their risk profiles.
To undertake effectively the assessment of investment and governance applications required under the Act in order to ensure prudent management of pension funds and operations.
To undertake effectively the management of stakeholder partnerships in order to enhance collaboration on matters relating to prudential supervision of private occupational pension schemes.
Requirements: –
Full Form V/Grade 12 Certificate with credit or better in Mathematics and English.
Bachelor’s Degree in Accountancy/Business Administration/Full CA Zambia or equivalent
Membership to relevant professional institution
4 years’ relevant experience.
Method of Application
Applicants meeting the above qualifications and experience should submit an application letter, a Curriculum Vitae with certified or ZAQA verified copies of qualifications in a sealed envelope to the address below, not later than 9th July, 2025. The Human Resource and Administration Manager Pension and Insurance Authority
Stand No. 4618, Lubwa Road, Rhodespark P/Bag 30x, Ridgeway LUSAKA
Note: The Authority is an equal-opportunity employer and employs citizens from a variety of geographical, ethnic, religious, social and economic backgrounds. The Authority does not practice or tolerate favoritism or discrimination on any grounds protected by law, unless the law has specific provision for differential treatment or affirmative action. To that end, groups recognized by law as marginalized (such as persons with disabilities and female candidates) are strongly encouraged to apply if they meet the minimum criteria for the position.