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Trust Secretary at Kenya Pipeline Company Retirement and Benefits Scheme

8 Years
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Company Details
Industry: Banking
Description: We have two Schemes, Defined Benefits (DB) Scheme, ‘old scheme’ and Defined Contributions (DC) Scheme, ‘new scheme’. The main purpose of the schemes is to provide cash benefit and pensions for permanent and pensionable employees of Kenya Pipeline Company upon retirement or withdrawal from employment as well as a relief for the dependents of the deceased employees. Efforts have been put in place by the Board of Trustees and the scheme‘s stakeholders towards realization of this dream. The DB Scheme was established under an irrevocable trust declared from 1st January 1977 and was closed to new entrants and accrual of benefits with effect from 30th June 2006. Upon the closure of the DB scheme, the DC Scheme was born and established under an irrevocable trust from 1st July 2006, which is its commencement date, and the governance of the scheme is vested on the Board of Trustees
Job Description

Job Purpose

Reporting directly to the two Boards of Trustees, the Trust Secretary is responsible for overseeing the implementation of the Schemes’ strategic vision, investment management, benefits administration, statutory compliance and overseeing the investment of the schemes’ assets as per the RBA guidelines.

The Job is on a five (5) year contract, renewable subject to performance and retirement age.

Key Responsibilities

  • Provide strategic leadership in the implementation of policies, strategies and programmes to facilitate high performance of the two pension schemes.
  • Provide overall oversight, direction and control of the schemes’ administration to ensure that the activities are managed in a professional, efficient and effective manner to meet their respective visions, missions and objectives in accordance with relevant legislation.
  • Prepare Schemes budgets.
  • Coordinate the professional advisers and service providers.
  • Monitor performance and service standards of all service providers and report appropriately to the Boards of Trustees
  • Serve as the secretary to the Boards of Trustees
  • Ensure the schemes complywith the Retirements Benefits Act and other Regulatory and Statutory requirements.
  • Undertake any other duties as delegated by the Boards of Trustees

Job Requirements

Education:

  • A master’s degree in business administration (MBA) or equivalent qualification from a recognised institution.
  • Bachelor’s degree from a recognized institution.

Professional Qualification:

  • Must be a Certified Public Secretary (CPS (K)) and a member of ICS in good standing. In addition, applicant should be registrable as a scheme administrator. Membership to ICPAK, ICIFA or other relevant certifying body will be an added advantage.

 Experience:

  • A minimum of Eight(8) years’ experience in pensions industry, five (5) of which should be at a senior management role.
Salary: Discuss During Interview
Education: Diploma
Employment Type: Full Time

Key Skills

administration  secretarial 
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