Group Pension Analyst job at Liberty Life

Vacancy title:
Group Pension Analyst

[ Type: FULL TIME , Industry: Insurance , Category: Accounting ]

Jobs at:

Liberty Life

Deadline of this Job:
30 September 2022  

Duty Station:
Within Kenya , Nairobi , East Africa

Date Posted: Thursday, September 22, 2022 , Base Salary: Not Disclosed

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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)

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

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

• 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

Work Hours: 8

Experience in Months: 24

Level of Education:
Bachelor Degree

Job application procedure

If you meet the above requirements you are encouraged to forward your application and updated CV to  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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Job Info
Job Category: Accounting/ Finance jobs in Kenya
Job Type: Full-time
Deadline of this Job: 30 September 2022
Duty Station: Nairobi
Posted: 22-09-2022
No of Jobs: 1
Start Publishing: 22-09-2022
Stop Publishing (Put date of 2030): 22-09-2065
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