Retirement Fund Administrator - Terminations

Location:
Johannesburg
Application due date:
29 June 2022
Type of employment
Full-time

Role Overview

The Retirement Fund Administrator – Terminations is responsible for all the tasks identified to terminate a fund or participating employer of an umbrella fund.

Duties and Responsibilities

  • Key Performance Objectives  
  • Calculation and payment of all claims i.e. withdrawals, retirements and deaths
  • Section 14’s – calculations and preparation of data for drafting.
  • Section 14’s – transfer within 60 days of approval from the FSCA
  • Compiling of administration reports for the Client.
  •  Monthly, ad-hoc investments/disinvestment in line with Trustees’ mandates.
  • Monthly updating of accounting transactions.
  • Asset liability matching.
  • Preparation for year-end audits.
  • Issuing of member benefit statements
  • Compliance with fund rules and legislative requirements.
  • Preparation of data for actuarial valuations/bonus declarations.
  •  Preparation of data for monthly unit price calculations.
  • Fund amalgamations and terminations
  • Maintain a good relationship with all the relevant departments within a client. This would include the human resource and payroll departments.
  • Clean all the old records from the system and prepare the fund/PE for deregistration with the FSCA
  • Prepare all documents required for the deregistration with the FSCA and arrange for all required signatures
  • Respond to call centre and member enquiries within 24 hours
  • Prepare member quotes where necessary.
  • Assist team members as required
  • Recording and archiving claims on completion thereof
  • All the above items should be adhered to within the terminations plan agreed with management          

Qualifications

Matric/ Grade 12

Competencies

  • Computer Skills
  • Results driven
  • Co-ordination Skills.
  • Interpersonal Skills.
  • Time Management.
  • Problem Solving Skills.
  • Verbal and Written Communication Skills.
  • Able to work independently
  • Strong level of responsibility
  • Attention to detail and high level of accuracy while working under pressure.
  • Must be able to plan daily tasks
magnifiercrossmenu linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram