Expression of Interest (EOI) for Consulting Services to Conduct a Training on IFRs 17 to Authority’s Staff Jobs in Zambia PENSIONS AND INSURANCE AUTHORITY Jobs in Zambia? View and Apply Expression of Interest (EOI) for Consulting Services to Conduct a Training on IFRs 17 to Authority’s Staff Jobs in at PENSIONS AND INSURANCE AUTHORITY


PENSIONS AND INSURANCE AUTHORITY

PENSIONS AND INSURANCE AUTHORITY

INVITATION FOR EXPRESSION OF INTEREST

Ref: PIA/NC/005/2020*>

EXPRESSION OF INTEREST (EOI) FOR CONSULTING SERVICES TO CONDUCT A TRAINING
ON IFRS 17 TO AUTHORITY’S STAFF

1.0 BACKGROUND

The Pensions and Insurance Authority, in its 2020 budget, has made a provision
towards the cost of engaging a consulting firm to provide training services on
International Financial Reporting Standards number 17 (IFRS 17) and intends to
apply part of the proceeds for this provision to cover eligible payments under
the contract for the said service.

The Authority is hereby calling for Expressions of Interest for provision of
consultancy services to conduct training on IFRS 17.

2.0*> OBJECTIVE OF THE ASSIGNMENT

The objective of the consultancy is to up skill competency of the Authority’s
technical staff in IFRS 17. The successful Consultant is expected to deliver a
comprehensive content that combines both the theoretical concepts and
practical implementation to ensure that the participants have a thorough
understanding of the IFRS 17 and its implication in the assessment of the
insurance industry.

3.0 TARGETS TO BE ACHIEVED

The Consultant will be expected to design, prepare and execute training on
IFRS 17. It is expected that after the training the Authority’s technical
staff will have a thorough understanding of the accounting standard and its
implication on the assessment of the insurance industry.

4.0 DELIVERABLES FOR THE ASSIGNMENT

1. The 2-days training agenda to be approved by the appointed Project Manager.
2. Provision of the Training on IFRS 17. Provide for the option of delivery via remote presentation (e.g. online video conferencing) in light of the Covid-19 Pandemic.
3. All Presentations and support training material to be copied on a memory stick or hardcopies for distribution to participants on the first day of the workshop.
4. Comprehensive report on the outcome of the training with recommendations.

5.0*> EXPERIENCE OF THE FIRM AND STAFF

The Authority invites eligible Consultant(s) with requisite expertise in
providing training in IFRS 17. The Consultant(s) should demonstrate high
knowledge and skill in areas that constitute or cover the areas detailed above
and must provide the following information:

Relevant experience and role of firm’s professional staff in reference to
the proposed assignment:

1. Experience in conducting similar trainings. Experience in working with insurers and/or reinsurance entities will be added advantage;
2. Have a qualified team of key staff with Minimum of 10 years’ experience in Accounting / Auditing / Actuarial.
3. The Lead Consultant should possess a MBA or post-graduate qualification in Insurance or Actuarial Science or equivalent.

Describe experience of professional staff relevant to the proposed assignment.
All the proposed key members of staff must have experience in conducting
training in accounting standards.

Relevant experience of the firm that best fit with proposed assignment

Core area of expertise of the firm must be described.

Firm to list relevant experiences related to this assignment during the last 5
years. Summary of similar assignments executed successfully in the immediate
past 3 years focusing on brief descriptions of assignments and experience.
Consultants must provide a list of companies for which the vendor has
completed projects that are essentially equivalent to this EOI indicating the
following;

1. Project title;
2. Implementing Institution;
3. Duration; and
4. Address.

5.0 OTHER SHORTLISTING REQUIREMENTS

All interested Consultants must submit the following documents as part of
their EOI for their firm:

1. Certificate of Incorporation/Registration;
2. Company Profile
3. Valid Tax Clearance Certificate
4. Registration with relevant institutions such as ZICA.

6.0 PROCUREMENT METHOD

Open National Selection: A Consultant once issued with the Request for
Proposal will be selected using Quality Cost Based Selection (QCBS)
Procurement Method.

7.0 DETAILS FOR SUBMISSION OF EXPRESSION OF INTEREST

Expressions of Interest clearly marked “EXPRESSION OF INTEREST (EOI) FOR
CONSULTING SERVICES TO CONDUCT A TRAINING ON IFRS 17 TO AUTHORITY’S STAFF”
must be deposited in the Tender Box situated on the Ground floor, PIA office
Building, Stand No. 4618, Lubwa Road, Rhodespark, Lusaka on or before
Thursday 9 th July, 2020, at 10:00hrs. *> Late or faxed Expressions of
Interest shall be rejected. EOI will be opened thereafter in the presence of
bidders or their representatives who choose to attend.

Secretary

Management Procurement Committee

_FOR/REGISTRAR AND CEO_

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