Retirement Fund Administrator at Sygnia Asset Management

Job description

ROLE DESCRIPTION:

Sygnia is the fastest-growing multi-management company in South Africa. Join this dynamic company by becoming a part of their Employee Benefits Administration team as a Retirement Fund Administrator

DUTIES AND DAILY RESPONSIBILITIES:

• Following up of monthly contributions
• Reconciliation, allocation and investment of monthly contributions within the required turnaround times
• Reconciliation and deduction of risk premiums and fund expenses
• Reconciliation and allocation of section 14 and individual transfers received from or paid to other retirement funds and preparation and issuing of transfer certificated
• Investing of monthly contributions and transfer values
• Disinvestment and payment of all types of claims within the required turnaround times (e.g. divorce, death, retirement, etc)
• Checking documentation received for benefits are appropriate, and following up on outstanding documentation
• Liaising with insurers on risk claims (e.g. disability, funeral, death, etc)
• Applications for tax directives from SARS
• Preparation of administration reports for trustees and or management committees
• Assisting the fund accounting team with their preparation of relevant schedules for audit purposes
• Checking the annual benefit statements for accuracy prior to distribution to clients
• Investigating and responding to employer and member queries in a professional manner
• Working closely with all relevant parties, e.g. internal and external consultants, participating employers, trustees, principal officers, fund accountants, etc
• Attendance of trustee, management committee or other committee meetings where necessary

ROLE QUALIFICATIONS AND EXPERIENCE:

• Diploma/Degree Advantageous
• Minimum of 5 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

COMPETENCIES REQUIRED:

• Strong attention to detail
• High level of numeracy and accuracy
• Good analytical/ problem-solving skills
• Good inter-personal skills
• Good communication skills (both written and verbal)
• Proactive individual, who is willing take responsibility and accountability for allocated tasks
• Excellent organisational skills
• Ability to multi-task
• Ability to work under pressure
• Solid knowledge of the retirement fund industry and legislation

Closing Date: 17h00 on Tuesday, 21 March 2017