Pensions Analyst

Pensions Analyst

About the FSC:

The Financial Services Commission (FSC) is an integrated Financial Services regulator. Our mission is to regulate and supervise the Securities, Insurance and Private Pensions industries for the protection of their users thereby enhancing public confidence through the efforts of a competent workforce. 

We are seeking individuals who are self-directed, results-oriented, and have a passion for providing excellent service.

The FSC has an immediate opening for the position of Pension Analyst (Contract).

Summary of:

The Pensions Analyst will be responsible for drafting and executing programmes to effectively monitor the financial health, risk exposures and statutory compliance of assigned pension plans, administrators, investment managers, and trustees.

 Major Responsibilities:

• Conducting routine risk assessments and on-site examinations of licensees and pension plans to identify risk exposures and propose appropriate supervisory strategies for risk mitigation.
• Communicate and monitor compliance with instructions on supervisory strategies for each relevant regulatory entity.
• Conducting reviews of progress reports for funds which are being wound-up and provide recommendations on appropriate supervisory strategies for compliance with the legislation and the plans’ Constitutive Documents.
• Developing and effecting programmes designed to improve effectiveness and efficiency in monitoring and collecting statistical information from regulated entities.
• Conducting technical analysis for the registration of pension plans and licensing of corporate entities and applications for amendments, winding-up, schemes of distribution of surplus/deficit and discontinuance of business and provide a draft recommendation for appropriate responsive action.
• Assessing actuarial reports for reasonableness and compliance with the respective plan’s Constitutive Documents and monitor decisions and implementation of actuarial recommendations.
• Conducting research and draft statistical reports and papers for strategy and policy formulation; public education; and reporting to the Government of Jamaica and other designated affiliates.
• Conduct reviews of reports and deliverables for relevant consultants to ensure project standards are met.

Education, Knowledge and Skills:

• First degree in accounting, business administration, finance, or related discipline.
• Knowledge of the relevant Acts relating to the industries regulated and supervised by the FSC.
• The job requires at least 3 years relevant work experience in a comparable position and business/work environment such as: an insurance or pension regulation institutions and financial and allied service operations.