Pension Administrator at CIC Insurance

About the Role

Reporting to the Assistant Manager - Client Relations, the Pension Administrator will be responsible for administration of retirement benefits schemes within CIC Life Retirement Benefits Department as per the regulator and stakeholders' requirements.

Key Responsibilities

Maintaining a high standard of customer service through timely and quality response to all clients' requests and needs.

Providing superior services to retirement benefits to forge strong business relationships and ensuring the fund is managed and administered in full compliance with existing legislation.

Processing and sending payments, member statements, preparing accounts and other benefits within the set standards for Defined Contributions Scheme, Defined Benefits Scheme and Hybrid Schemes.

Conserving the business by offering alternative products, cross selling and follow-up leads for new business.

Maintaining accurate records for retirement benefits.

Filing of Quarterly Return of Contributions with Retirement Benefits Authority every quarter.

Marketing organizations products.

Preparing summary reports of the retirement benefits business when required and on a timely basis.

Attend Board of Trustees meeting as the administrator and take minutes when required and generally advise the Trustees

Attend the Annual General Meeting of the members and present the Fund Administrators Reports.

Ensure Compliance with Retirement Benefits Authority and KRA on various pension schemes, including licensing by RBA.

Guide new schemes in the registration process with RBA & KRA.

Processing pensioner's payroll, preparing life certificates and P9 forms.

Assist in drafting of the Trust Deed & Rules/ Deed of Adherence/ Service Level and updating from time to time.

Member education to Trustees and members and preparing quality reports for AGM and Quarterly Trustee Meetings.

Who We're Looking For

Qualifications

Bachelor's degree in business, Insurance, Actuarial, Statistics/Mathematics

Minimum of 2 Years work experience in a similar role

Progress towards a professional certification (AIIK/FSRI/ACII) is desirable

Key Competencies

Excellent communication and presentation skills

Technical competence in insurance and pension administration

Proficient in MS Excel with excellent analytical skills

In-depth knowledge of the retirement benefits sector is desirable

In-depth knowledge of regulations by RBA, AKI and IRA is desirable