Opportunities


It is envisaged that the consultant will employ a risk-based, deep-dive interrogation approach conducted over five (5) consecutive days each quarter, operating from a location arranged by the Scheme office rather than service provider locations, to ensure independence or as guided by the Chairperson of the Audit Committee.

The interrogation will focus on verification of benefits payouts, investment portfolio and fund value audit and reporting findings.

The objective of this consultancy is as follows:

a) To enhance the oversight capacity of the Audit Committee.

b) To provide the Audit Committee with analysed financial data from the transactions of each quarter.

c) To support the Board of Trustees, through the Audit Committee, in managing their increased governance responsibilities following the transition to a Mandatory Scheme.

The consultant will, on a quarterly basis:

a) Analyse service provider reports immediately after they are submitted to the Secretariat.

b) Undertake a deep and complete interrogation of benefits paid out by the Scheme to ensure accuracy.

c) Test the validity of computations for Income and Fund Value derived from the Schemeโ€™s investments.

d) Undertake an investment performance analysis.

e) Conduct process and systems audits and make appropriate recommendations for efficiency improvement

f) Analyse aspects of the Scheme as determined and authorised by the Audit Committee in the quarterly plan.

g) Present findings to the scheduled quarterly Audit Committee meeting and respond to Committee inquiries.

The deliverables under this assignment are as follows: –

a) Quarterly Investment Performance Report

b) Benefits Verification Report

c) Detailed findings regarding the validity of computations for the Fund Value and investment income.

d) Any other report as may be required by the Audit Committee.

The sections to be covered are as follows: –

a) Technical Considerations: addressing the requirements in Section 3.0 above.

b) Financial Considerations: A financial quote detailing the quarterly remuneration. The Scheme will not cover any expenses/costs other than those quoted in this section. Payments to the Firm in respect of the engagement will be in Uganda Shillings.

The sealed parcel should contain two hard copies and one electronic copy saved on a media device (โ€œFlash diskโ€), and addressed to:

The Principal Pension Officer

Makerere University Retirement Benefits Scheme

P.O. Box 7827, Kampala

Makerere University, House No. 138, Fig Tree Lane (Along Pool Road)

a) Evidence of Relevant Consultancy Experience, including: Reference Letters or Recommendation Letters from previous clients (where available)

b) URSB Certificate of Incorporation

c) Valid Trading License

d) Valid Tax Clearance Certificate from Uganda Revenue Authority

e) NSSF Clearance Certificate

f) Power of Attorney or Letter of Authorization (if submission is made by a representative on behalf of a firm)

g) Declaration of Non-Conflict of Interest (Confirming no conflict exists with the MURBS or its Service Providers)

h) Data Protection Certificate issued by NITA and the Code of Ethics