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  • Posted: Apr 19, 2018
    Deadline: May 19, 2018
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    African Management Services Company (AMSCO) is a pan-African private sector development Group that provides bespoke human capital solutions. Our core focus is partnership-driven capacity and skills development to assist African SMEs in becoming leaders in their field. We offer a comprehensive integrated service package including tailor-made development pr...
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    Pension Fund Manager

    Our client is a pioneer in capital origination, and has developed particular expertise in Corporate Finance and Private Wealth Management. They are a prestigious Nairobi investment firm with nearly a quarter century of serving the financial community.

    They are looking for a Pension Fund Manager who will be responsible for managing the Pensions Department in an efficient and profitable manner.

    Job Purpose

    Reporting to the General Manager, the Pension Fund Manager is responsible for the recruitment and supervision of pension department personnel, establishing and maintaining department policies and procedures and expanding pension services as a growing practice for our client.

    Key Responsibilities

    • Ensuring the department meets all regulatory requirements of the Retirement Benefits Authority (RBA)
    • Ensuring professional and cordial relationships with Trustees, Custodians and Administrators and Actuaries of existing and new clients pension schemes are maintained
    • Establishing a structured roll out of pension services to new clients through an active Marketing Plan that targets institutional and retail clients
    • Ensuring that marketing materials such as slide shows and marketing materials are current and useful
    • Establishing an active marketing program that continually contacts organizations without pension schemes
    • The outreach part of the marketing plan should target making five (5) phone calls per day to decision makers in organizations to discuss the client’s pension services
    • The outreach effort should also include making one (1) meeting per week where a presentation is made to a prospective organization
    • Supervising other pension fund staff so they work in a professional manner at all times
    • Providing investment advice to the Investment Committee which directs the purchase and sale of investments for existing pension schemes

    Other Duties

    The duties of the Pension Fund Manager flow from the above responsibilities and are varied but include the following:

    • Attending and representing the client at all official regulatory functions as well as ad hoc and formal meetings such as AGMs where presentations are required
    • Establishing an active Visitation Schedule with Trustees, Custodians and Administrators to ensure close professional cooperation with these licensees
    • Preparing proposals to respond to formal Requests for Proposals (RFPs)
    • Preparing Investment Policy Statements (IPSs) for existing and new pension clients and maintaining a register allowing the client to advise clients when to renew IPSs
    • Meeting with the General Manager on a regular basis to get input and approval for marketing plans to expand pension fund services to more organizations and individuals
    • Maintaining an active research program to provide advice to members of the Investment Committee on suitable investments in equity, debt and property
    • Ensuring that the minutes, purchase/sale transactions, and other directives of the Investment Committee are prepared and executed

    Accountabilities

    The Pension Fund Manager’s performance shall be evaluated on the following accountabilities:

    • Meeting all regulatory requirements to maintain the client’s pension fund manager license in good order
    • Maintaining a professional and cordial working relationship for department personnel within the organization
    • Establishing and implementing an active marketing program which requires meeting with prospective clients on a regular and continuing basis.
    • Expanding the department’s Assets under Management currently at KES 339 million as at 15 November 2017 by at least 25% per annum. This KES 339 million figure includes the Personal
    • Provident Plan (PPP) which had AUM as at 15 November 2017 of KES 93,432,110.
    • Increasing the pension department’s billings by at least 25% per annum. Current billings for the period 1st January - 31st October 2017 were KES 3,030,234. Annualized this represents KES 3,636,280. Therefore, a 25% increase of this amount would represent a target of approximately KES 4,500,000 per year. Included in the pension fund billings are Investment Policy Statement (IPS) billings of KES 1,218,000 for the period 1st January – 31st October 2017.

    Method of Application

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