Workers Compensation Fund is a social security institution established in accordance with Section 5 of the Workers Compensation Act No. 20 of 2008.It is under Prime Minister’s Office which is responsible for Policy, Parliamentary Affairs, Labour, Employment, Youth and the Disabled. The Fund is a contributory social security scheme whose main objective is to pay compensation benefits as a result of accidents suffered, diseases contracted or deaths which arise out of and in the course of employment in accordance with relevant provision of the Workers Compensation Act. The Fund started its operations on 1st July 2015. All employers in the public and private sectors in Mainland Tanzania are compulsorily required to contribute to the Fund.
DIRECTOR OF FINANCE, PLANNING AND INVESTMENT – 1 POST
Oversee matters related to finance, planning and research and investment within the Fund.
DUTIES AND RESPONSIBILITIES Oversee and recommend formulation of policies, regulations and procedures to guide the administration of finance, planning and investment functions within the Fund. Oversee preparation of financial statements, financial reports and special analyses. Oversee preparation and consolidation of the departmental budgets. Recommend and coordinate improvements in automated financial and management information systems for the Fund. Oversee and monitor cash flows and working capital position of the Fund. Oversee preparation and implementation of the Fund’s Corporate Plan. Oversee implementation of the Corporate Plan and report on performance. Oversee development of Investment Policy consistent with the Regulator’s Guidelines. Oversee analysis of investment proposals which are being considered by the Fund. Oversee feasibility studies and appraisals for investment in new areas. Coordinate the preparation of the Fund’s annual plans and targets. Coordinate and supervise the investment portfolio management, investment risk management and financial analysis. Prepare projects implementation schedules, monitor and report to management on progress with reference to agreed time frames. Prepare and submit performance reports as required by authorities from time to time. Perform any other related duties as may be assigned by the Director General.
QUALIFICATIONS Holder of a Master’s Degree in Economics, Statistics, Finance, Business Administration majoring in Finance or Economics, or Statistics from recognised Institutions. He must also have CPA (T) or equivalent professional qualifications. Must have a working experience of at least seven years, of which at least three years should be in a managerial position. Possess problem solving skills.