MAIN PURPOSE OF THE JOB

The Position reports to the Head of Benefits Administration and Accouants and is responsible for managing the financial transactions, ensuring accurate and timely financial reporting, and supporting the Head of Benefits Administration and Accounts in maintaining the financial health of the pension fund. This role requires a strong understanding of accounting principles,... pension fund operations, and finance management.

Key Responsibilities

Financial Reporting:


Prepare and ensure timely and accurate monthly, quarterly, and annual financial statements.
Ensure preparation of financial reports for the board of trustees, regulatory bodies, and other stakeholders.
Maintain and reconcile the general ledger and subsidiary accounts.
Review financial statements for accuracy and legal compliance
Prepare and file tax returns
Enter accounting related information intbusiness logs
Inspect account books for efficiency and accuracy
Organize and update financial records
Recommend ways treduce costs and enhance revenue
Perform monthly bank settlements


Budgeting and Forecasting:


Preparation and coordinating the management of the annual budget.
Monitor budget performance and provide variance analysis Support the development of financial forecasts and long-term financial plans.


Budgeting and Forecasting:


Preparation and coordinating the management of the annual budget.
Monitor budget performance and provide variance analysis Support the development of financial forecasts and long-term financial plans.


Compliance and Audit:


Ensure compliance with regulatory requirements, accounting standards, and internal policies.
Coordinate the internal and external audits, including preparation of audit schedules and responding taudit queries.
Maintain accurate and organized financial records and documentation.


Cash Flow Management:


Monitor and manage cash flow tensure liquidity requirements are met.
Prepare cash flow forecasts and reports. 


Contribution and Benefits Processing:


Processing of the employee’s payroll
Oversee the processing of contributions from employers and members.
Ensure timely and accurate processing of benefit payments tmembers.
Reconcile contributions and benefits accounts.


System and Process Improvement:


Coordinate the implementation and maintenance of accounting systems and software.
Identify and recommend improvements tfinancial processes and controls.


Stakeholder Communication:


Prepare documentation for external auditors
Liaise with internal and external stakeholders, including auditors, regulators, and investment managers.
Provide financial information and analysis tsupport decision-making.


Staff growth & Development :


Facilitate direct reports develop skills and advance their career within the organization
Mentor and guide direct reports
Develop measurable goals and performance indicators for the department
Schedule regular Performance reviews tprovide feedback and track progress In addition tthe above specified responsibilities, you may be required tundertake any other duties as may be assigned by your
Supervisor tmeet the organizational needs. 


JOB SPECIFICATIONS:


Bachelor’s degree in Finance, Accounting , Economics Business Administration or related Field. Masters in Finance, Accounting , Economics
Business Administration as an added advantage.
Professional Qualification: CPA (K) or ACCA
Proficient in a variety of computer software applications including Microsoft
Office Suite (Word, Excel, Power point, Outlook, and Access) as well as office management software (ERP etc.)
Work Experience: 3 - 4 years in the Pension industry
Technical skill: Proficiency in finance management software. Knowledge of
Pension fund regulations and investment


Competencies


Strategic thinking
Analytical skills
Decision making skills
Attention tdetail
Integrity
Adaptability
Strong organization skill
Team leadership
Customer orientation
Outstanding communication skills more

Job Purpose
Reporting to the Trust Secretary, the Head of Investments and Strategy is responsible for leading and managing the investment portfolios of the DB and DC schemes. It entails working with fund managers to ensure optimized returns, enhanced market presence, while promoting sustainable long-term growth through effective investment strategies and innovative business development, all in... alignment with the Scheme's goals and vision. Currently, the unit oversees assets totaling approximately Kshs.17 billion invested in various assets as per the RBA guidelines. The Job is on a five (5) year renewable contract subject to performance and Board of Trustees approval.
Key Responsibilities

Portfolio Management: Oversee the management of the fund's portfolio, ensuring diversification, identification of new investment opportunities and evaluating investment performance.
Risk Management: Identify and manage investment risks while ensuring compliance with regulations.
Investment Strategy Development: Develop and implement a comprehensive investment strategy aligned with pension fund objectives, risk tolerance, and regulatory frameworks.
Stakeholder Engagement: Communicate investment strategies to the Board of Trustees through the Trust Secretary and maintain cordial relationships with stakeholders.
Innovation & Continuous Improvement: Stay updated on industry trends and implement innovative strategies to improve fund performance.

Job Requirements

Education: A degree from an accredited university in finance, accounting, economics, business administration, or a related field. A Master’s degree in finance, accounting, Economics, Business Administration or a related field will be an added advantage.
Professional Qualification: Be a Certified Investment & Financial Analyst (CIFA) or other related professional certification.
Membership to professional Body: Must be a member in good standing of the Institute of Certified Investment & Financial Analysts or other relevant certifying body.
Experience: At least ten (10) years’ experience in asset management, pension fund and/or investment consultancy analyzing investments across a wide range of asset classes, including alternative asset classes with at least 5 years post qualification experience in a senior management role within the pension industry.
Technical Skills: Proficiency in management information systems software and knowledge of pension fund investments and regulations, excellent knowledge of portfolio management modelling and statistical analysis related to portfolio construction and risk management, Excellent knowledge of performance measurements e.g. GIPS standard.
The successful candidates will be required to meet and provide requisite documentation for compliance with the requirements of Chapter Six of the Constitution of Kenya more