Corporate Pension Operations Associate at Britam

Job Purpose

• Undertake pension administration activities to support the achievement of the business unit plan.

Key Responsibilities

• Updating and reconciling pension collections and payments 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 payment transactions on the Administration system (Fund Master) and through any other channel.
• Reconciliation of all payments transactions
• Prepare reports on pension payments.
• Perform any other duties as may be assigned from time to time

Key Performance Measures

• As described in your Personal Score Card
• Bachelor’s Degree in business related field
• Professional qualification in Accounting (CPA, ACCA etc.)
• At least 1 year of experience in a similar position and 2-4 years of relevant experience in the insurance industry.
• Conversant with excel reporting.