Sygnia Group is a specialist financial services group focused on the provision of multi-management, index tracking and administration solutions to institutional and retail clients in South Africa and abroad. We provide a wide range of financial services to a diverse group of domestic and international clients. Whether you’re a corporation, a financial inst...
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
Managing data received from clients
Reconciliation, allocation and investment of monthly contributions within the required turnaround times
Reporting non-compliance with section 13A as well as issue invoices and follow up payment of late payment interest
Reconciliation and deduction of risk premiums and fund expenses
Monitor the bank account for the receipt of individual transfers and/or follow up with the transferor fund if not received within a reasonable timeframe
Reconciliation, allocation and investment of section 14 and individual transfers received from or paid to other retirement funds when required
Disinvestment and payment of all types of claims within the required turnaround times (e.g. divorce, death, retirement, etc)
Checking documentation received for benefits is complete and accurate and following up on outstanding documentation
Liaising with insurers on risk claims (e.g. disability, funeral, death, etc)
Applications for tax directives to SARS
Review of administration reports for trustees and or management committees
Assisting the fund accounting team with their preparation of relevant schedules for audit purposes
Generate and check the annual benefit statements for accuracy prior to distribution to clients
Investigating and responding to employer and member queries in a professional manner
Investigating and responding to queries from the accounting, consulting and other relevant team members
Working closely with all relevant parties, e.g. internal and external consultants, participating employers, trustees, principal officers, fund accountants, etc
Assisting with other ad hoc tasks that may arise from time to time
ROLE QUALIFICATIONS AND EXPERIENCE:
Diploma/Degree Advantageous
Minimum of 3 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
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