Mwelwa Mwale
Chongwe
Summary
Dedicated Professional with expertise in internal, external, and forensic audits, regulatory supervision, and insurance broking. Delivered impactful results through strong business development, training capabilities, and exceptional organizational skills. Committed to enhancing client satisfaction and contributing to organizational growth.
Overview
18
18
years of post-secondary education
34
34
years of professional experience
Work History
Self Employed
Private Business Consultant
11.2017 - Current
- Developed business plans and business development papers for non-governmental organisations and financial services institutions, including multiple insurance and insurance broking companies, enhancing operational readiness for Delta Blu Insurance Brokers Limited, Trust Mark Insurance Brokers Limited, and several others.
- Also involved: Chairperson of a newly incorporated Major Wright Insurance Brokers Ltd.; Company/Board Secretary Revolution Insurance Brokers Limited; Training of Pension fund Board Members or Trustees; Internal, external and forensic audits for institutions; General business consultancy; Secretarial functions for Pension Funds Boards and any other Boards of Directors; Private Farm and Maize Mill Management; Secretary General - Beacon of Sharing (Chongwe) Non Governmental Organisation assisting the Vulnerable, Old aged, Orphans etc.; Board Committee member - Association of NAPSA Pensioners of Zambia; Appointed interim Chairperson Care Insurance Company Limited - Pending Licensing.
Chief Operations Officer and Manager Pensions
Alexander Forbes Financial Services
11.2007 - 10.2017
- Established new company for pension scheme administration, ensuring compliance with Pension Scheme Regulation Act and transitioning from insurance broking.
- Planning, coordinating, business development and sales of pensions and employee benefits business to client companies and individuals.
- Managed client and pension member database, overseeing pensions in payment, deferred benefits, and certificates of existence for members receiving pensions.
- Analysis of existing scheme member benefits payable and payment of pensions.
- Coordinate Pensions Actuarial consultancy business in conjunction with the Alexander Forbes Group resource.
- Industry analysis reporting and investment portfolio performance management.
- Facilitated workshops on various topics for pension board members and pension members.
Manager Compliance and inspections
Pensions & Insurance Authority
09.2004 - 08.2007
- Facilitated communication and collaboration as Liaison Officer and consulting specialist for the COMESA/SADC-UNCTAD trade in services project.
- Chaired the Taxation Working Group under the Financial Sector Development Plan.
- Revised Zambia Pension Law (Pension Scheme Regulation Act & Insurance Act 2005) with Superior to align with corporate governance provisions, ensuring clear separation of roles among Pension fund Boards of trustees, benefits administration, investment management, and other key functions.
- Coordinated inspectorate team activities and conducted research to assist in developing policy issues in the pensions industry, adhering to government policy requirements.
- Coordinated work for the pensions inspectorate team and conducted research for pension policy purposes and regulatory review.
- Risk assessment and management of the various supervised entities.
- Production of industry reports and liaison with regulated entities for smooth operations of the industry.
- Financial analysis of annual returns and designing training programs for both internal staff, the pension fund members as well as the industry participants.
- Analysis of investments for our clients done by the investment managers for purposes of ease of understanding by the various boards of trustees.
- Actuarial review of Actuarial reports for ease of understanding by various Boards of our clientele.
Inspector - Pensions
Pensions & Insurance Authority
01.2002 - 09.2004
- Carrying out inspections/Audits of pension funds and the respective service providers (Pension fund managers and administrators) and analysis of financial reports for the various pension entities.
- Analysis of information of pension funds for statistical analysis and annual report generation.
Inspector Value Added Tax
Zambia Revenue Authority
08.1998 - 01.2002
- Carrying out VAT control Audits and reporting to superiors and also supervised the dedicated Large Trader Control Team which was assigned to the Copperbelt to audit the mines and large companies after privatization.
Auditor
Office of the Auditor General
12.1995 - 08.1998
- Carrying out statutory audits for Government departments, donor-aided institutions and other government spending agencies.
- Participated in the restructuring exercise of the office and revised the Financial Management and Control Act.
Corporate Planning Officer
Bank of Zambia (Central Bank)
05.1993 - 06.1995
- Progressed from intern to corporate planning officer, directed pensions system and analyzed operations of regional and international central banks to support corporate goals.
Education
Bachelor of Science - MATHEMATICS AND COMPUTER SCIENCE
UNIVERSITY OF ZAMBIA
Lusaka , Zambia 02.1988 - 01.1993
SCHOOL CERTIFICATE -
CHIPATA DAY SECONDARY
Chipata, Zambia 01.1983 - 12.1987
SECONDARY -
CHIPATA DAY SECONDARY
PRIMARY SCHOOL -
ST ANNES BOYS PRIMARY
Chipata, Zambia 01.1975 - 12.1982
Skills
- Business analysis
- Risk management
- Regulatory compliance
- Financial reporting
- Industry regulation knowledge
- Strategic planning
- Analytical thinking
- Problem solving
- Leadership
- Leadership capabilities
- Team building
- Client management
- Interpersonal communication
- Attention to detail
- Time management
- Problem resolution
Email Addresses
- Mwelwamwale@gmail.com
- Mwelwamwale@yahoo.co.uk
Personal Information
- Date of Birth: 04/15/68
- Nationality: Zambian
- Marital Status: Married
Languages
- English
- Nyanja
- Bemba
Social Engagements
- Mwelwamwale@gmail.com
- Mwelwamwale@yahoo.co.uk
Short Courses
- Mwelwamwale@gmail.com
- Mwelwamwale@yahoo.co.uk
Timeline
Self Employed
Private Business Consultant
11.2017 - Current
Chief Operations Officer and Manager Pensions
Alexander Forbes Financial Services
11.2007 - 10.2017
Manager Compliance and inspections
Pensions & Insurance Authority
09.2004 - 08.2007
Inspector - Pensions
Pensions & Insurance Authority
01.2002 - 09.2004
Inspector Value Added Tax
Zambia Revenue Authority
08.1998 - 01.2002
Auditor
Office of the Auditor General
12.1995 - 08.1998
Corporate Planning Officer
Bank of Zambia (Central Bank)
05.1993 - 06.1995
Bachelor of Science - MATHEMATICS AND COMPUTER SCIENCE
UNIVERSITY OF ZAMBIA
02.1988 - 01.1993
SCHOOL CERTIFICATE -
CHIPATA DAY SECONDARY
01.1983 - 12.1987
PRIMARY SCHOOL -
ST ANNES BOYS PRIMARY
01.1975 - 12.1982
SECONDARY -
CHIPATA DAY SECONDARY