The strategic adviser will support the RSSB Director General (DG) to develop and drive the design and implementation of RSSB’s ambitious reform agenda in the investment and social protection space. The successful candidate will provide advice and practical assistance to the RSSB senior leadership team on how to strengthen the investment side of the business and the overall system of Social Security administration to become more efficient and effective. The adviser will be expected to support and shape RSSB’s strategy of how the organization can maximize its impact on inclusive financial sector development and effective funding of the real economy more broadly. The adviser will be expected to liaise with the private sector and work alongside senior government officials in 2 Rwanda, international partners and DFID. The post holder will also be responsible for identifying opportunities for the delivery of short-term technical assistance to support the implementation of the overarching reform plan of the RSSB.
The Rwanda Social Security Board was established in 2011 after the merger of the Rwanda Social Security Fund that administered the Pension and Occupational Hazard schemes (1962), and the National Medical Insurance that administered workers Health insurance (2001). In 2015, the management of Community Based Health Insurance scheme covering almost all Rwandans was added to RSSB’s mandate. Maternity Leave benefits was established in 2016 and also managed under RSSB. In 2018, a Long Term Savings Scheme, was also established under RSSB. RSSB plays an important role in financial and capital market development as well as being a source of direct funding for productive investment. It hasshares in three banks and the Rwanda stock exchange, provides a large amount of cash and bank deposits and has been a large financier of real estate, GoR debt and strategic private sector investments. Between 2010 and 2017assets of public insurers grew 2 times faster than the assets of private insurers. Aside from being an impactful institutional investor RSSB’s objective is ‘to provide high quality social security services through collection of contributions, savings, efficient benefits provision and prudent investment of members’ funds.’ Considering all the schemes governed under RSSB, it clearly touches on the lives of almost every Rwanda and hence has to be vigilant in all its efforts. Growing enormously in such a short period of time came with a number of challenges and although the RSSB team has been up to the task, its capacity remains limited. RSSB is currently going through an IT modernization process which will see most of its processes automated. There is also an ongoing comprehensive reform agenda both legal and structural. The purpose of this post isto support RSSB to position itself for the future and deliver on its ambitious goals.
