Minimum Requirements
- Relevant Diploma/ Degree
- Minimum of 3 years' experience in Employee Benefits
- Previous experience with umbrella fund administration and/or standalone retirement fund administration
- Working knowledge and experience of Everest (administration system) advantageous
- Solid knowledge of the retirement fund industry and legislation
- Following up of monthly contributions
- Managing data received from clients
- Reconciliation, allocation and investment of monthly contributions within the required turnaround times
- Reconciliation and deduction of risk premiums and fund expenses
- Reconciliation, allocation and investment of section 14 and individual transfers received from or paid to other retirement funds when required
- Disinvestment and payment of all types of claims within the required turnaround times (e.g. divorce, death, retirement, etc)
- Checking documentation received for benefits is complete and accurate and following up on outstanding documentation
- Liaising with insurers on risk claims (e.g. disability, funeral, death, etc)
- Applications for tax directives to SARS
- Review of administration reports for trustees and or management committees
- Assisting the fund accounting team with their preparation of relevant schedules for audit purposes
- Generate and check the annual benefit statements for accuracy prior to distribution to clients
- Investigating and responding to employer and member queries in a professional manner
- Investigating and responding to queries from the accounting, consulting and other relevant team members
- Working closely with all relevant parties, e.g. internal and external consultants, participating employers, trustees, principal officers, fund accountants, etc
Desired Skills
- retirement fund
- employee benefits
- pension fund
- 5 to 10 years
- Diploma
