Job Summary

 

The role holder will be responsible for coordinating the administration of pension schemes to ensure member satisfaction.

 

 

Key Responsibilities

 

• Ensure overall compliance with the RBA regulations for administrators, including renewal of Pension Administration license.

• Prepare quarterly administration reports and attend Annual General Meetings and Trustee/Management Committee meetings.

• Coordinate with scheme service providers and trustees for smooth running of the schemes.

• Update new schemes, new members, beneficiary details and monthly contributions into the system.

• Responding to client’s queries/complaints on pension schemes.

• Issuing of Schemes’ Fund Value Statements, Members Statements and/or Certificates annually or when required.

• Ensure compliance with the regulatory authorities such as RBA, KRA and IRA in matters relating to filing of scheme administration.

• Ensure contributions are remitted by participating corporates.

• Prepare and process withdrawal (including retirement, resignation, and death in service) benefits for settlement.

• Scheme administration of IPP, Occupation Schemes, Umbrella and IDD.

 

 

Qualifications

 

• Bachelor’s degree in Actuarial Science or in Commerce, Insurance option from a recognized institution.

• Professional qualification in pension management

• TDPK certification

 

 

Experience

 

• At least 7 years’ experience in pension administration

 

 

Competencies

 

• In depth understanding of insurance operations and concepts

• Knowledge of insurance regulatory requirements

• Knowledge of pension administration industry and concepts

• Knowledge of Retirement Benefits Authority (RBAs) regulatory requirements Effective business management skills

• Demonstrable commercial and financial management experience

• Excellent organizational and stakeholder management skills

• Adhering to principles and values

• Delivering results and meeting customer expectations

• Following instructions and procedures

• Coping with pressures and setbacks

• Relating and Networking

• Working with people

• Applying expertise and technology

• Learning and researching

• Presenting and communicating Information

• Achieving personal work goals and objectives

 

 

Application Procedure

 

If you meet the above requirements, you are encouraged to forward your application and updated CV to

[email protected] by 8th November, 2023. Clearly state the job title on the subject heading.

 

Liberty is an equal opportunity employer and actively encourages diversity. Please note that only shortlisted candidates will be contacted. Personal data is processed in accordance with Liberty’s Life privacy statement available on our website www.liberty.co.ke.