PURPOSE
To manage and administer retirement benefits schemes within CIC Life Retirement Benefits Department as per the regulator and stakeholders’ requirements.
Primary Responsibilities
Provide excellent customer service to scheme members, trustees, service providers and business partners by responding to enquiries & requests relating to schemes provisions & benefits payments;
Organize and attend quarterly trustee meetings, AGM’s and member education days;
Monitor fund reconciliations preparation of schemes financial statements and monitoring the performance of guaranteed fund;
Supports Head – Retirement Benefits in developing Pension and Annuity business proposals, quotations, policy documents & Service Level Agreement/ Administrator’s agreement & brochures, Drafting of Trustee Deed & Rules;
Oversee the issuance of members’ annual statements after interest declaration;
Monitor trends in the industry and communicate to all stakeholders;
Review and submit reports and returns to management and regulators;
Draft and develop policies and procedures of Pensions and Annuities for review by Head – Retirement Benefits to ensure that they are compliant;
Provide input on pensions and annuity product development and ICT systems;
Approve payments of service providers & intermediaries;
Support Head – Retirement Benefits in day today departmental administrative duties;
Any other relevant duties as assigned from time to time.
GENERIC DUTIES
Conduct performance appraisal of direct reports
PERSON SPECIFICATION
Academic Qualifications
Bachelor’s Degree in Business, Insurance, Actuarial, Statistics/Mathematics
Professional Qualifications
Professional certification AIIK or FSRI or ACII
Trustee Development Training Program Kenya (TDPK) will be an added advantage
Experience
Minimum of 4 Years work experience in Pensions administration
Skills and Attributes
Excellent communication, Interpersonal and presentation skills
Technical competence in insurance and pension administration
Proficient in MS Excel with excellent analytical skills
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