Britam is a leading diversified financial services group, listed on the Nairobi Securities Exchange. The group has interests across the Eastern and Southern Africa region, with operations in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique and Malawi. The group offers a wide range of financial products and services in Insurance, Asset management, Banking and Property. Our Mission is to provide outstanding financial services to our customers. Our Vision is to be the most trusted financial service partner. We aim to provide our clients, with an unmatched offering, ensuring first class solutions that help secure the future.
Job Purpose:
Undertake pension administration activities to support the achievement of business unit plan
Key responsibilities
- Updating and reconciling pension collections from all channels ( Banks, M-pesa, DDA).
- Posting member contributions
- Suspense management in all pension collections and payments accounts.
- Data cleaning and verification for new schemes loading and monthly updates
- Administering and management of the Managed Retirement Funds [MRF]
- Constantly liaising with service providers such as scheme custodians, Finance department and investment managers to ensure that set timelines are achieved in relation to compensation of member benefits,
- Carrying out statutory compliance of pension schemes with both the Retirement Benefits Authority (RBA) and Kenya Revenue Authority (KRA)
- Maintaining records of contributing members, deferred and current pensioners, provision of annual statements, registration of Scheme with Retirement Benefits Authority (RBA) and Income Tax (KRA)
- Process withdrawals on the Administration system(Fund Master)
- Perform any other duties as may be assigned from time to time
- Key Performance Measures
- As described in your Personal Score Card
Knowledge, experience and qualifications required
- Bachelor’s Degree in business related field
- At least one year experience in a similar position 2-4 years’ relevant experience in the insurance industry
- Technical/ Functional competencies
- Knowledge of insurance regulatory requirements
- Knowledge of insurance products
- Understanding of the pension industry and administrative skills
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