Senior Associate, Portfolio Administrator
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Industry Insurance Founded N / A Type Private Website https://www.icealion.com/ Address ICEA LION Centre Riverside Park on Chiromo Road, Westlands, Kenya
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ROLES AND 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.
ACADEMIC AND PROFESSIONAL QUALIFICATIONS AND KNOWLEDGE
- 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.