Sr Associate, Portfolio Administrator Job ICEA Lion, Nairobi, Kenya

Job Summary

• The Officer is responsible for ensuring compliance of scheme with the relevant authority and maintaining proper records of members.
• Ensure members are adequately advised on their retirement benefit options at the point of withdrawal, compute, and process the benefits of the members.
• The officer is responsible preparation and timely submission of scheme reports.Supervise and Oversee scheme portfolio administration

Responsibilities

• Oversees the team’s day-to-day operations, tracks progress towards goals, and reports results to management
• Ensuring overall scheme compliance in line with the regulatory requirements, risk management and internal audit
• Ensuring that service level agreements and deed of adherence for all employers are executed and filed respectively with the regulator
• Ensuring compliance with the Trust Deed & Rules, regulatory requirements as laid down by regulatory bodies including Retirement Benefits Authority (RBA), Kenya Revenue Authority (Income Tax), Capital Markets Authority (CMA), Unclaimed Financial Assets Authority (UFAA) and self-regulating bodies such as Association of Retirement Benefits Schemes (ARBS).
• Coordinating with the client and scheme service providers (Trustee, fund managers, actuary and auditors) to ensure smooth and timely processing of tasks
• Ensure accurate and complete member records are in place.
• Validating and processing contributions from the sponsor
• Ensuring that statements to members are done and dispatched promptly as laid down in the SLA.
• Ensuring that computations of members’ withdrawal benefits are done correctly and timely
• Tracking participating employers with outstanding contribution on month to month basis
• Ensure timely quarterly submission of accurate reports to the regulator, the RBA.
• Calculating Individual transfer and total surrender values of scheme winding up.
• Liaising with auditors and other service providers for smooth audit.
• May be required to attend Management Committee meetings on administration issues.
• Constantly review and recommend systems and processes enhancements / development.
• Ensuring that enquiries from intermediaries and clients are addressed fully and promptly
• Assisting in preparation of management report for the monthly meetings.
• Executing any other duties, which may be assigned from time to time.

Qualifications

• Bachelor Degree in Commerce, Mathematics, Statistics or related discipline from a reputable university.
• Professional qualification(s) in Finance e.g. CPA (K), ACCA or equivalent is considered added advantage.

Experience

• At least Six (6) years’ experience in retirement benefits/schemes administration.

How to Apply

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