Employee Benefits Section 14 Administrator at Sygnia Asset Management

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 an Employee Benefits Section 14 Administrator

DUTIES AND DAILY RESPONSIBILITIES:

Transfers in:

• Monitor Section 14 approvals and the bank account to identify Section 14 receipts.
• When deposits are received, follow up on outstanding data.
• When data is received, reconcile the data to the Section 14 application, member information and payment.
• Query any missing information or discrepancies with the Transferor Fund.
• Conclude allocation accurately and within agreed upon timelines.
• Monitor the ROT01/ROT02 SARS report daily and ensure all allocations receive a successful response.
• Follow up on ROT01/ROT02 failed submissions until concluded.
• Work closely with all relevant parties, e.g. internal and external consultants, participating employers, trustees, principal officers, fund accountants

Transfers out:

• Monitor Section 14 approvals.
• When approvals are received, process the transfer out and provide the transferee fund with the required data.
• Assist the transferee fund where necessary with ROT01/ROT02 failed submissions until concluded.
• Work closely with all relevant parties, e.g. internal and external consultants, participating employers, trustees, principal officers, fund accountants

General:

• Assist the Accounts team with collating and preparing information on transfers for the annual audit.
• Identify projects that need to be completed and manage/perform these as required.
• Assist other teams where necessary, e.g. reviewing claims or updates, assisting with data anomalies etc
• On an ongoing basis, assess the processes and controls for appropriateness and efficiency.

ROLE QUALIFICATIONS AND EXPERIENCE:

• Diploma/Degree Advantageous
• Minimum of 3-4 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