Purpose:
The incumbent shall be
responsible for doing administration on retirement benefits schemes within CIC
Life Retirement Benefits Department as per the regulator and stakeholders’
requirements.
Primary Responsibilities:
- To manage the existing pensions schemes;
- Attend Board of Trustees meeting as the
administrator and take minutes when required and generally advise the
Trustees;
- Attend Board of Trustees meeting and
present the Fund Administrators report;
- Attend the Annual General Meetings of
members and take minutes when required;
- Attend the annual General Meeting of the
members and present the Fund Administrators Reports;
Ensure Compliance with Retirement Benefits Authority and KRA on various pension schemes, including licensing by RBA;
- File various returns with RBA including
quarterly returns;
- Guide new schemes in the registration
process with RBA & KRA;
- Main record of member contributions,
update the member statements and issue the statements at the end of the
year to members;
- Calculate withdrawal benefits for members
leaving the scheme;
- Assist in drafting of the Trust Deed
& Rules and updating from time to time;
- Record keeping both soft files and hard
files as necessary;
- Train Trustees & Members in the
schemes; and
- Any other relevant duties as assigned
from time to time
Academic and Professional Requirements
Education
- Bachelor’s degree in a business in
a related
Professional Qualifications
- Progress towards Qualification in IIK or
ACII
Essential Knowledge/Skills and Experience Required:
- Minimum of Two (2) years’ experience in
pension administration in the pension sector with at least 1 years of
experience in client relationship management.
- Technical competence in insurance and
pension administration
- Excellent communication and presentation
skills
- Problem solving skills
- Excellent customer care skills
Desirable knowledge/skills and Experience Required:
- Excellent interpersonal skills
- Computer literate in MS Office and other
office applications
- Basic knowledge of regulations by AKI and
IRA
How To Apply