Group Pension Analyst

2 months ago

Nairobi, Kenya Corporate Staffing Services Full time

Job Summary

The Group Pension Analyst will be responsible for implementing the customer retention and communication strategy by ensuring optimal client service is provided to direct and intermediate clients.

Core deliverables

Confirm the status of new accounts on the system and define the rules e.g. contribution cycles, payment modes. Ensure proper client on-boarding 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) Professional qualification in Insurance (ACII or AIIK) or Professional qualification in pension management

Experience

At least 2 years’ experience in the insurance industry Understanding and knowledge of pension management processes and systems

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 Demonstrable commercial and financial management experience Effective business management skills Excellent organizational and stakeholder management skills

How To Apply

If you meet the above requirements, you are encouraged to forward your application and updated CV to hr@libertylife.co.ke by 4th October 2024. Clearly state the job title on the subject request.

  • Group Pension Analyst

    4 weeks ago

    Nairobi, Nairobi Area, Kenya Corporate Staffing Services Full time

    Liberty Life seeks a Group Pension Analyst to implement customer retention and communication strategies, ensuring optimal client service to direct and intermediate clients. Key responsibilities include confirming new account status, monitoring contributions, generating statements, and facilitating scheme registration. The ideal candidate has a Bachelor's...

  • Business Development Executive at Sanlam Kenya

    4 weeks ago

    Nairobi, Kenya Sanlam Kenya Full time

    Live with confidence. It’s more than a motto. It’s our promise to you. And as a leading financial services provider, we’ll do everything in our power to help you live with the financial confidence that can make a real difference in your life. Purpose: To provide service to the Broker & Agent Distribution Channel functions, achieving the channels'...

  • Administrator II at TransUnion

    4 weeks ago

    Nairobi, Kenya TransUnion Full time

    We are focused on empowering consumers with the tools, resources and education to become effective managers of their own credit health. Mission Our mission is to help people around the world access the opportunities that lead to a higher quality of life, by helping organizations optimize their risk-based decisions and enabling consumers to...

  • Tax Manager

    1 month ago

    Nairobi, Kenya Corporate Staffing Services Full time

    Jubilee Insurance was established in August 1937, as the first locally incorporated Insurance Company based in Mombasa in 1937. Jubilee Insurance has spread its sphere of influence throughout the region to become the largest Composite insurer in East Africa, handling Life, Pensions, general and Medical insurance. Read>>Interview Techniques: 5 Tips To...

  • Solution Architect/Developer at Old Mutual Kenya

    2 months ago

    Nairobi, Kenya Old Mutual Kenya Full time

    Old Mutual Kenya is based in Nairobi and is part of a larger group that offers solutions in long-term savings, asset management and investment. We offer solutions to individuals and corporates underpinned by our core values which are: Respect, Integrity, Accountability and Pushing beyond boundaries. SUMMARY This role is within the application...

  • Administrator II

    4 weeks ago

    Nairobi, Nairobi Area, Kenya TransUnion Full time

    We are focused on empowering consumers with the tools, resources and education to become effective managers of their own credit health. Our mission is to help people access opportunities that lead to a higher quality of life by optimizing risk-based decisions and enabling consumers to understand their credit health.Job DescriptionThis role is responsible for...