A result-driven and diligent professional with extensive experience and skills in Pensions Administration for over

ten years, I have acquired comprehensive knowledge and experience in operations of retirement benefits schemes in the Insurance Industry, including implementing productive pension strategies and structures that are key in ensuring schemes operate effectively and meet best performance practices, business growth, and customer care targets. Major highlights of my experience include; offering administration services to occupational retirement benefits schemes and annuities, ensuring compliance with industry’s rules and regulations, adhering to operational procedures, research, and strategy implementation, managing contributions, underwriting, preparing financial statements, facilitating auditing of schemes, new business development, claims management, records documentation, customer relationship management, reports processing. Aside from this, I am an effective communicator and relationship-builder with a superior detail orientation that gathers and imparts information effectively across all organizational structures. My focus is to secure a position where I can fully utilize my expertise and knowledge in finance in improving structures and systems to ensure they operate effectively and sustainably.

Masters of Business Administration- Finance Option

Dr. B.A Marathwada University (Maharashtra State, India), January 1997

Bachelor of Commerce (Accounting and Auditing Option): Dr. Babasaheb Ambedkar Marathwada University - (India); January 1995

Kenya Certificate of Secondary Education: St Paul’s Gekano High School - St Aloysius

Gonzaga Isoge Sec. School; December 1990

Certified Investment and Financial Analyst: Star College of Management, KASNEB; Nov. 2015

Executive Certificate in Pension Administration: Institute of Human Resource Management; Nov. 2011

Diploma in Computer Applications: Zensis Academy of Computers India; June 1996

Pensions Administration: Experienced in Carrying out daily administration of the affairs of the Occupational and personal schemes, whereby I ensured that schemes operate effectively by the provisions of the Act and other relevant legislation in force, managed contributions, and withdrawals, prepared members statements and certificates, timely payment of members benefits, prepared scheme’s budgets, cash flows, and liquidity requirements, registered schemes, prepared administration reports, and monitored changes in the legal requirements for pension fund providers.

Compliance: Experienced in management of compliance with regulators’ requirements for the retirement benefits schemes regulations and rules.

Financial Management: Adept with managing matters of, monitoring expenditures, monitoring cash flow, analyzing revenues, determining budget variances, audit review, budget preparation, and planning.

Customer Service: Expert at ensuring customer service relationships by providing assistance and advice to existing, new, and potential clients about pension products as well as answering any of their needs and concerns while building and maintaining client relationships.

Communication Skills: Ability to relate well with everyone confidently and professionally ensuring that I appeal to what moves them and capable of good interaction with clients, my supervisors, and colleagues. Handling all incoming and outgoing correspondences promptly.

Organization and Planning: Excellent organizational, managerial, and planning skills with the ability to coordinate and manage a diverse array of responsibilities and ensure that all policies in place are well documented.

Interpersonal and Communication skills: Proven ability to work well in a team and also manage a team towards effective productivity. Excellent interpersonal skills with an ability to relate well with colleagues and offer my help when required to.

ICT Competency: Knowledge in navigating the Ms suite, data analysis, email, and the internet.

Business Development and Strategy Implementation: Spearheaded the implementation of pension growth strategy, onboarding of new clients, research on new products, and competition on emerging trends in the pensions industry.

Good understanding of Retirement Benefits Act and Regulations, Insurance Act, Capital Market Act, and Income Tax Act

Professional Knowledge in Finance, Investments Analysis, Asset Management, and Portfolio Management

Experience in scheme Auditing, Fund Accounting, Life insurance, Credit Control, and Internal Audit

Excellent report writing and presentation skills

Negotiation and Commercial skills

Technical and Time management skills

Data Maintenance and accuracy

High level of professionalism and personal integrity

Honesty, Integrity, self-drive, and motivation to meet targets

Saham Assurance Company Kenya Ltd March 2011-Oct 2021

(Formerly Mercantile Insurance Company Ltd) Now

Integrated to MUA Insurance Kenya Ltd.

Pensions Administration Manager reporting to Head of Life

Key responsibilities

Attending to all correspondences and inquiries in a timely and professional manner

Ensuring compliance with regulations under Retirement Benefits Act, Insurance Act, and CMA Act

Compute and pay benefits to members and beneficiaries

Preparing and reviewing of Pensions Administration reports

Maintaining accurate membership records

Preparing and Issue members’ fund statements and certificates

Liaising with fund manager on the tactical asset allocation of pension funds

Assisted in formulating prudent investment policies (IPS) review of scheme funds.

Offer secretarial services during Board of Trustees meetings and AGMs

Liaising with sponsors, service providers, trustees, and regulators on pension matters regularly

Preparation of scheme fund accounts and facilitating auditing

Generating and Submission of statutory returns to the Regulators

Ensuring appropriate internal control system.

Filing and paying taxes to KRA.

Filing returns and accounts to regulators

Premium reconciliation

Offer training and advisory services to trustees, members, and external parties

Business development and customer relations

Preparation of Actuarial data specification for Actuarial Valuation

Research and spearhead the implementation of strategies for business growth

Designed and set up a personal provident fund scheme for the company

Achieved 100 percent budget target of premiums collections annually

Other experiences acquired include Ordinary life business, Group life, Reinsurance, credit control, and auditing

Kenindia Assurance Company Kenya Ltd May 2001-Mar.2011

Group Life and Pensions department

Administrative Officer reporting to Assistant Manager Life

Key responsibilities

Updating and keeping accurate records of members’ contributions

Preparing withdrawal benefits of members and beneficiaries

Preparing annual individual members statements

Facilitating auditing of schemes and forwarding the accounts to regulators

Submission of quarterly returns to RBA

Registration of schemes with RBA and Income Tax department

Attending Board of Trustees meetings and AGMs

Preparing of Trust Deeds and Rules and Administration agreements for schemes

Providing quotations and Tenders for Group life schemes

Renewals of Group life schemes and preparing premium reconciliation statements

Handling medical reports and acceptance terms from Reinsurers

Liaising with brokers and agents

Processing payments for service providers and commissions

Training of Interns and management trainees

Muema & Associates Auditing Firm, On Contract basis; November 2000 to April 2001

Inspected books of accounts, prepared final reports and statements, researched and prepared Revenue Enhancement Project reports for Local Authorities.

Ministry of Local Government, Finance Officer II; October 1997 to October 2000

I was tasked with Ministerial functions within the provincial headquarter office in overseeing the financial management and staff establishment in Local Authorities.

Conducted inspections, approval of budget estimates, and other ministerial instructions.

Town & Country Securities Ltd, Graduate Trainee-Investment Analyst; April 1997 to Sept 1997

I was learning on the job as well as researching on companies’ performance in the securities exchange and giving investment analysis for recommendations

Member of the Institute of Certified Investment and Financial Analysts, ICIFA;

Membership No. FA/00090

Certification in Financial Modelling Workshop: ICSIA & Financial Engineering Solutions; August 2012

Attended several seminars and workshops organized by RBA, AKI, and KRA

Attended several seminars on Investments, fund management, wealth management, and corporate governance organized by ICIFA, NSE, and other stakeholders in financial markets.

Attended several pieces of training on Insurance, Underwriting, and Claims Management.

Prepared Research Proposal on Deposit Mobilization: Central Bank of India (Nanded Branch) while

pursuing MBA program.

Mr. John Kihara

Chief Investment Officer

Absa Asset Management Ltd

Mobile No.+254 072*******

Email: adp1v8@r.postjobfree.com

Mr. John Kirikiru

Head of Finance / Chairman Board of Trustees

MUA Insurance Kenya Ltd (Formerly Saham Assurance)

P.o Box 206**-***** Nairobi, Kenya

Email: adp1v8@r.postjobfree.com

Mr. Patrick Abuya

Procurement Manager

Mwalimu National

P.o Box 626**-***** Nairobi, Kenya

Mobile: +254 072*******

Email: adp1v8@r.postjobfree.com

RICHARD NYAMARI OMBONGI

P. O Box 9017-00100, Nairobi, Kenya

Mobile: +254-0722 273422

Email: adp1v8@r.postjobfree.com

CAREER PROFILE

ACADEMIC BACKGROUND

PROFESSIONAL COURSES & CERTIFICATION

KEY SKILLS & COMPETENCIES

RESEARCH UNDERTAKEN

TRAINING, SEMINARS & WORKSHOPS

CAREER HISTORY

OTHER PAST WORK EXPERIENCES

PROFESSIONAL MEMBERSHIP

TRAINING, SEMINARS & WORKSHOPS

RESEARCH UNDERTAKEN

REFEREES

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