KenGen Staff Retirement Benefits Scheme is a Retirement Benefits Scheme that is responsible for providing retirement benefits to permanent and pensionable employees of KenGen PLC upon their retirement or withdrawal from service and to their dependents in the event of death in service. The Scheme is registered with the Retirement Benefits Authority.
Purpose of the Role
Reporting to the Board of Trustees, the Chief Executive Officer (CEO) will provide strategic leadership to the Scheme while overseeing all day-to-day operations. The CEO will also be responsible for fulfilling the functions of an administrator in accordance with the Retirement Benefits (Administrators) Regulations.
Duties and Responsibilities
- Ensure that the Scheme is run and managed in accordance with the Law and the Trust Deed, Rules and Regulations.
- Provide inspirational leadership and direction to all departments of the Scheme.
- Initiate and co-ordinate formulation and implementation of the Scheme strategic plan.
- Establish an effective system of communication throughout the Scheme.
- Ensure the Scheme remains abreast with industry trends.
- Ensure that the annual report, accounts and other financial statements of the Scheme are prepared within the required timelines.
- Keep trustees abreast of all legal, regulatory and advisory developments affecting pension schemes and general investment matters.
- Create an enabling environment for service providers to carry out their mandates as provided for by the Trust Deed and Rules.
- On behalf of the Board of Trustees, keep members of the Scheme informed regularly.
- Perform any other duties and responsibilities as may be delegated by the Board of Trustees.
Role Specifications and Qualifications
Education & Professional Membership
- A Master’s degree in Business Administration, Finance, Commerce, Accounting, Actuarial Science, Law or a related field from a recognized institution.
- A Bachelor’s degree in Business Administration, Finance, Commerce, Accounting, Actuarial Science, Law or a related field from a recognized institution.
- Must be a registered member of a relevant professional body with good standing.
- Must possess a Trustee Development Program (TDPK) certificate from a recognized institution.
Experience & Competencies
- A minimum of twelve (12) years’ experience in the Pension industry.
- A minimum of seven (7) years of this experience should be in senior management.
- Must demonstrate strong competencies in Strategic Leadership, Investment Expertise, Governance and Operational Leadership.
