Retirement and Life Products Administrator (Prescient Fund Services) at Prescient Holdings (Pty) Ltd

DUTIES & RESPONSIBILITIES

• Checking the FNB product inflow accounts daily and performing reconciliation of Product bank accounts.
• Processing new investments, switches, retirements and withdrawals and static detail changes daily on the administration system as well as the online banking platform (FNB). 
• Processing relevant month end administrative tasks, for example, admin/advisor fees, living annuity income payments, monthly debit orders, etc.
• Processing Section 14 transfers and Directive 135 transfers as required.
• Processing death and disability claims as well as divorce orders as required.
• Performing investment recons from the member/client level to the relevant Manco invested with.
• Preparing and applying online for the tax directive for withdrawals/retirements, using ITAX as required.

REQUIRED EXPERIENCE

• Related experience (2-4 years) in a similar Retirement/Life Product administration environment with knowledge of products namely Retirement Annuities, Preservation Funds, Living Annuities, TFSA’s and Endowments.  

REQUIRED QUALIFICATIONS

• Matric (minimum requirement) and any relevant tertiary Commercial / Financial qualification (preferred)
• Good MS Office skills specifically Word and Excel

KEY COMPETENCIES

• Self-starter who is willing to take on responsibility for a wide array of tasks
• Highly methodical with strong interest in retirement funds, life products and administration
• High level of integrity and dependability
• Ability to work under limited supervision
• Team Player
• A focus on attention to detail
• Excellent communication skills