Job Purpose
To assist the Director, Finance in managing and providing leadership in financial planning (budgets), financial accounting and reporting as well as the accounting for Branch functions at the Bank in order to achieve the planning and reporting strategic objectives and mandates of the Finance Department in the Bank.
Job purpose
Reporting functionally to the Board of Trustees and operationally to the Director, Finance, the role holder is overall responsible for day to day administration of the CBK Pensions Secretariat whose assets are in excess of KES 30billion. The incumbent is tasked with development and achievement of the Fund’s goals and objectives, prudential management of the Fund’s assets, oversight policy formulation and implementation, Board and stakeholder management and providing leadership to the Fund’s staff.
Key Responsibilities:
Strategic Responsibilities
Provide leadership and oversight in the Fund’s obligations and interactions with the Board of Trustees, the Sponsor, regulatory bodies, service providers and other relevant stakeholders.
Provide oversight in the accounts and investments management, benefits and records management, property management and general administrative management of the Fund.
Actively participate in the development, implementation and execution of strategic objectives, goals and initiatives in support of the Fund’s strategy.
Timely implementation and/or update of the Board Charter and other Fund policies. e. Compliance with all prevailing legislation (laws, rules and regulations).
Risk Management (financial, investment, data and property risk) mitigation and ensure Contingency and Business Continuity Plans execution.
Provide leadership to the teams in the scheme to enable delivery of the Fund’s mandate through performance measurements and appraisals.
Technical and Operational Responsibilities
Provide leadership on the Fund’s operations entailing benefits and records management, member payments processes, tax management, and financial management and regulatory reporting.
Coordination of member engagements through Annual General Meetings, member drives and other member communication modes.
Development, implementation and review of information systems
Preparing necessary Fund documents for the Board, Committees and service providers including financial statements
Ensure a robust controls environment to eliminate and or mitigate risks, enhance compliance with legal, statutory and company policies/ requirements and ensure relevant business continuity plans are in place.
Develop measures towards customer satisfaction.
Oversight of the property management activities for the Fund’s properties such as rent collection, debtor management and overall maintenance.
Oversight of the payment of benefits to members and dependents
Providing professional opinion to the Trustees when required
Management of the Funds operational activities such as procurement of goods contracts and services, training of staff and Trustees, implementation of performance measurements and appraisals
Others – As per the Pension Administrator’s Service Level Agreement
Minimum requirements
Academic qualifications
A Bachelor’s degree in Commerce, Actuarial Science, Commerce, Finance, Strategic Management or related discipline from a reputable institution.
Professional qualification(s) in accounting e.g. CPA, ACCA or equivalent and a member of relevant professional bodies
Training in Pensions/Fund Administration and other relevant certifications will be an added advantage.
Experience requirement
Ten (10) years’ post qualification experience with at least three (3) years at Senior Management level in an organisation with similar scale and/or complexity.
A minimum of three (3) years management experience in Pension Funds administration and management.
Demonstrable experience and knowledge in accounting, investments management, financial valuation and fund management processes
If your experience matches these exciting opportunities, please submit your application to hrservices@kpmg.co.ke on or before Friday, 1 April 2022. Only applications submitted through the email address provided will be considered.
Apply via :
hrservices@kpmg.co.ke
