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Manager, Pension Management

PKF Consulting Limited Mombasa --

Summary

Our client, Kenya Ports Authority Pension Scheme (KPAPS) is a DC/DB Pension Scheme that provides retirement benefits to employees of the Kenya Ports Authority. The Scheme wishes to recruit a transformational individual to occupy the position of Manager, Pension Management.

The position is responsible for provision of leadership in the development and implementation of the Pension management department through effective facilitation, coordination and management of the Pensions functions and ensuring effective management of the customer relations with a focus on quality service delivery and attainment of set performance targets of the Scheme.

Description

  • Administer, supervise and manage all the activities related to the pension administration and properties management of the Scheme;
  • Oversee the benefits computation, tax management, data compilation, reconciliation and data management; 
  • Oversee the Claims management, client engagement and financial advisory;
  • Prepare Board reports relating to the benefits section; 
  • Ensure the Scheme operates efficiently, meets its performance targets, quality and customer care targets as well as complying with best practice;
  • Oversee preparation of pensioners’ payroll and fund account reconciliations;
  • Ensure effective and efficient communication between Scheme members, service providers and the regulator;
  • Ensure ethical and good corporate governance practices including financial procedures and controls as well as compliance with regulations in force;
  • Develop and implement effective strategic objectives for the pension funds in consultation with the Pension Scheme Administrator and Board of Trustees;
  • Ensure that the Scheme assets are run and managed in accordance with the Law and the Trust Deed rules and regulations;
  • Ensure the annual report, accounts and other financial statements of the Scheme are prepared within the required time limits;
  • Ensures the assets of the Scheme are properly and efficiently managed.
  • Advices trustees of all legal, regulatory and advisory developments affecting pension Schemes and general investment;
  • Ensure that the fund managers, property managers and custodians are acting in the best interest of the Fund;
  • Ensure effective maintenance of records of the Scheme, which include up to date individual membership records of serving employees, retired members and the rate of their basic pensions, actuarial records, assets of the Scheme and income tax reports;
  • Carry out other general obligations of a manager including the administration of staff training, discipline and establishing staff requirements.
  • Ensure prompt remittance of cash due to the Fund;
  • Ensure periodic audit and actuarial valuation of the Fund;
  • Liaise with the Pension Scheme Administrator on the business to be presented to the Board of Trustee meetings and ensures decisions of the Board are implemented;
  • Liaise with the Scheme actuary to prepare the members’ benefit statements and ensures a copy of an up to date actuarial report is received;
  • Liaise with regulators – including Commissioner of Income Tax and Retirement Benefits Authority- on all laws or regulations that may affect the Scheme;
  • Receive investments from fund managers, property managers and custodian;
  • Liaise with the service providers to ensure efficient performance; report on performance to the Board of Trustees;
  • Ensure an effective link is maintained between Trustees and members of the Scheme;
  • Receive contributions and mobilizes them for investment according to the Retirement Benefit Authority and Income Tax requirements;
  • Establish and maintain an efficient system of internal controls for income and expenditure of the Scheme;
  • Ensure benefits are paid to members in a timely manner; and
  • Ensure payments of benefits are done in accordance with Trust Deed rules and regulations and further ensures that the payment made to eligible members is computed correctly.

Education
Bachelor’s Degree Master's Degree

Master’s Degree in Insurance, Business Administration, Actuarial Science or any relevant or equivalent qualifications from a recognised Institution.

A Bachelor’s Degree in Insurance, Business Administration, Human Resources Management, Actuarial Science or any relevant or equivalent qualifications from a recognised Institution.

Must have a relevant Professional Qualifications (ACII, AIIK)

More Details on Experience

The candidate must have a minimum of eight (8) years’ experience, of which three (3) should be in a management role in the Pensions field

More Details on Skills

  • Trained in investment banking or finance and management;
  • Should possess good IT and quantitative skills;
  • Excellent interpersonal, organization and leadership skills with the ability to motivate staff, build effective relationships with business clients, peers, staff and regulatory authorities at all levels
  • Must be computer proficient
  • Must have impeccable planning and budgeting skills.
  • Must have leadership and supervisory skills.
  • Must have good communication skills.
  • Must possess sound interpersonal and team-building skills.
  • Must be able to work under pressure.
  • Must have proven problem-solving skills and knowledge of conflict management.
  • Must have excellent negotiation skills

Terms And Conditions

All candidates must ensure that their CVs contain working telephone numbers and email addresses, and a list of at least three (3) referees with their current contacts; and attach certificates proving compliance with Chapter 6 of the Constitution of Kenya.