Global Markets Graduate Programme Specialist at Absa

Job Summary

To provide specialist Human Resources advice and support that meets business requirements, through the execution of predefined objectives as per agreed SOPs.
Job Description

• Administration: Calculate and manage resignations, retirements and unclaimed benefits. As per size of the fund, there's business process, to ensure that the member claims are finalised within the business deadline period. The control sheet is update regularly to ensure that claims are monitored by the team leader. Submit death, disability and other claims to insurers. Initiate and manage daily/monthly disinvestments as well as Investments and switches. Timeously pay benefits to clients and regularly give feedback to them with regards to their claims. Reconcile contributions timeously and correctly. Document claims, each claim has a folder with all supporting and unique number to e Do monthly bank reconciliations. Flag members if applicable ‐ when there's a problem with a certain members claim it is flag in the sense of different colour on the control sheet and explanation regarding the claim as well as notes in the members file. Activate monthly distributions for fees. Manage Reserve Bank control, receive monthly statements and to check where the amount allocated is appearing on the statement to monitor the current bank account. Prepare annual actuarial submissions and admin report for Trustees. Administer payments to intermediaries. Control the flow of administration documents through the business process ensuring that all document and tasks are carry out to business set procedures. Manage and facilitate annual funds activities. To prepare admin reports where member stats will be part of the report and detailed explanation of the members and outstanding matters. Load new pensioners and changes on the Vision system make sure Vision is update with member details. Pay rejections and third parties and reconcile payments Do monthly audit preparation. This is for Finance administrator. Calculate and pay monthly – as well as ad hoc fees/premiums. | Compliance to legislative requirements: Ensure compliance with benefit related federal and state rules and regulations, such as Pension Funds Act, etc. Adhere to ABSA compliance requirements and industry related legislations. Ensure adherence to business processes and controls practice. | Team Work: Proactively work with colleagues across the group to support the growth and improve in customer satisfaction. Support colleagues within own team. Share knowledge and experiences with team members Communicate effectively with all team members. | Self development: Continuously look for opportunities to further develop skills and knowledge base continuously ensure an up‐to date understanding of the environment, processes, procedures and compliance. | : | : | : | :

Education

• National Diplomas and Advanced Certificates: Human and Social Studies (Required)
• Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

Absa Bank Limited reserves the right not to make an appointment to the post as advertised