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    Pension Administrator - Nairobi, Kenya - CIC Insurance

    CIC Insurance
    CIC Insurance Nairobi, Kenya

    4 days ago

    Default job background
    Full time
    Description
    CIC Insurance Group Limited, commonly referred to as CIC Group, is an insurance and investment group that operates mainly in Kenya, Uganda, South Sudan and Malawi

    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
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