Trust Secretary

The Kenya Pipeline Company Retirement and Benefits Scheme operates two separate funds: a Defined Benefits (DB) Scheme, known as the 'old scheme', and a Defined Contributions (DC) Scheme, the 'new scheme'. The overarching purpose of these schemes is to provide cash benefits and pensions for permanent and pensionable employees of the Kenya Pipeline Company upon retirement or withdrawal from employment, as well as relief for the dependents of deceased employees. The governance of both schemes is vested in the Board of Trustees.

Job Purpose

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

This position is offered on a five (5) year contract, renewable subject to satisfactory 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 comply with 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 an 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 the Institute of Certified Secretaries (ICS) in good standing.
• In addition, the 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 the pensions industry, five (5) of which should be at a senior management role.