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Madison Money Market Fund Daily Yield: 14.45% Effective Annual Yield: 15.66% Madison Fixed Income Fund Daily Yield: 14.78% Effective Annual Yield: 15.93% Madison Wealth Fund Weekly Average Daily Yield: 14.28% Weekly Average Effective Annual Yield: 15.35%

Madison Life Assurance Kenya Limited, a subsidiary of Madison Group Limited, is a well-known provider of life assurance, group schemes and pension administration in Kenya. The Group also provides through two other subsidiaries, general insurance underwriting as well as fund management services.

The Company is recruiting for the position of Deputy Manager – Pension Administration reporting to the Manager – Pension Administration. The job holder will be based at its Head Office in Madison House, Nairobi.

Key Responsibilities

  1. Oversee the administration of pension schemes, including new member enrollments, contribution processing, and benefit payments.
  2. Ensure compliance with regulatory requirements and company policies related to pension administration.
  3. Manage and maintain accurate records of all pension schemes and related transactions.
  4. Provide training and guidance to junior staff members within the department.
  5. Assist in the preparation of monthly, quarterly, and annual reports for internal and external stakeholders.
  6. Address and resolve customer inquiries and issues related to pension administration in a timely and professional manner.
  7. Collaborate with other departments to ensure seamless service delivery and operational efficiency.
  8. Participate in audits and implement recommendations to improve processes and controls.
  9. Stay updated on industry trends, regulations, and best practices to ensure continuous improvement in pension administration.

Qualifications and Core Competencies

  1. Bachelor’s degree in Finance, Business Administration, or a related field.
  2. Professional qualifications in pension administration or insurance (e.g. FSRI, CPAM) are an added advantage.
  3. Minimum of 10 years of experience in pension administration, with at least 5 years in a supervisory or management role.
  4. Strong understanding of the regulatory framework governing retirement benefits in Kenya.
  5. Excellent analytical, organizational, and communication skills.
  6. Proficiency in Microsoft Office Suite.
  7. Attention to detail and high level of accuracy.
  8. Strong problem-solving skills and ability to handle complex situations.
  9. Excellent interpersonal skills and the ability to work effectively with diverse
    teams.
  10. Commitment to continuous learning and professional development.
  11. High level of integrity and ethical standards.

 

Qualified candidates are requested to forward their CVs to the Group Human Resources Manager at: hr_recruitment@madison.co.ke on email before Friday, 4 th October 2024.

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