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

PURPOSE OF THE ROLE

Prescient Fund Services (PFS) is a registered section 13B administrator and provides administration services in respect of Life Policies and Retirement Funds. These Policies and Retirement Funds provide investors with access to a range of investment options. The role of Administrator is to take responsibility for all processing and client service activities relating to these products

DUTIES AND 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 SKILLS AND 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 AND SYSTEMS EXPERIENCE

•  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