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  • Posted: Sep 22, 2022
    Deadline: Sep 30, 2022
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  • Liberty Life Assurance Kenya is a life insurance provider that has been providing relevant products to Kenyans for over 50 years. Our purpose at Liberty is to make a difference in people’s lives by making financial freedom possible. We change realities and make freedom possible by providing innovative and relevant solutions that help our customers p...
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    Group Pension Analyst

    Main Purpose

    The purpose of the job is to undertake pension administration activities to support the compliance in pension’s schemes management and administration.

    Key Responsibilities

    • Confirm the status of new accounts on the system and define the rules e.g. contribution cycles, payment modes
    • Ensure proper client onboarding to support data accuracy
    • Monitor contributions, and raise reminders to customers
    • Periodically generate statements for customers
    • Update the annuities register with customer details and set up payment schedules (rules) on the system
    • Auto reconcile membership data in the system against contribution schedule
    • Generate statements to the trustees/sponsor/Scheme members
    • Facilitate registration of the schemes by RBA
    • Evaluate withdrawal application and confirm benefits due
    • Process withdrawal request and generate payment file
    • Data cleaning and verification for new schemes loading and monthly updates
    • Constantly liaise 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,
    • Maintain records of contributing members, deferred and current pensioners, provision of annual statements, registration of Scheme with Retirement Benefits Authority (RBA) and Income Tax (KRA)

     Qualifications

    • Bachelor’s degree (insurance option preferred)
    • Business-related field
    • Professional qualification in Insurance (ACII or AIIK) or Professional qualification in pension management

    Experience

    • Minimum experience of 2 years in the insurance Industry
    • Experience in administering Retirement Benefit Schemes

    Competencies

    • In depth understanding of insurance operations and concepts
    • Knowledge of insurance regulatory requirements
    • Knowledge of pension administration industry and concepts
    • Knowledge of Retirement Benefits Authority (RBAs) regulatory requirements
    • Effective business management skills
    • Demonstrable commercial and financial management experience
    • Excellent organizational and stakeholder management skills

    Method of Application

    If you meet the above requirements you are encouraged to forward your application and updated CV to [email protected] by 30th September 2022 clearly stating, the job title on the subject heading. Liberty is a  equal opportunity employer and actively encourages diversity. Please note only shortlisted candidates will be contacted.

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