Pensions Operations Officer Job Britam

Insurance Jobs, Britam Jobs. Pensions Operations Officer handles pension payment processing and reporting, requires a business-related Bachelor’s Degree, advanced Excel skills, and 2+ years experience in pension payments (4 years total pension experience). Full-time role in Nairobi.

Job Purpose:

Assist in processing and payment of pension claims and benefits. Approval of payments on assignment by the Team Leader.

Key Responsibilities:

• Updating and reconciling all pension payment transactions on a daily and monthly basis. Suspense management
  in all pension payment accounts.
• 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.
• Perform end-of-month bank and GL reconciliations and have all owned accounts approved.
• Processing payment of all scheme expenses within the agreed timelines (RBA levy, Instalment taxes, Trustee
  Allowances)
• Process payment transactions on the Administration system and through any other channel.
• Preparation of Quarterly Returns of payments and other regulatory returns.
• Capture accurate bank details at the point of processing payments in the system or through any other channel.
• Respond to both internal and external pension payment inquiries concerning benefits, claims process,
  commission, payroll services, and the filing/completion of proper forms.
• Preparation of monthly/quarterly and yearly annuity, Income drawdown, and DA reports.
• Record all pension payment transactions and maintain accurate payment registers.
• Processing of payrolls for annuities/Income drawdown and commissions for all intermediaries by the due date.
• Approval of payments as per the defined approval matrix.
• CRM requests resolutions as per TATs.
• Perform any other duties as may be assigned from time to time.

Knowledge, experience and qualifications required

• Bachelor’s degree in a business-related field
• Advanced Excel reporting – Well versed
• At least two years of experience in pension payment processing; 4 years relevant experience in the pensions.

Technical/ Functional competencies:

• Pension Regulatory Requirements
• Claims Assessments
• Ability to compute Benefits

How to Apply

Click here to apply