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Pension Administrator

Closing: Apr 3, 2024

This position has expired

Published: Mar 27, 2024 (28 days ago)

Job Requirements

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Job Summary

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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.

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


Responsibilities
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.

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


  • 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


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