Retirement Fund Administrator
Location: Johannesburg
Application due date: 05 December 2024
Type of employment Full-time
Role Overview
The Retirement Fund Administrator is responsible for all the tasks identified to administer an active fund. Based on experience, the administrator will assist the manager with checking of reports including specific additional tasks as identified by the manager.
Duties and Responsibilities
Key Performance Objectives
Calculation and payment of all claims i.e. withdrawals, retirements and deaths
Monthly updating and full reconciliation of Funds.
Monthly payment of fees, risk benefits etc.
Monthly updating of accounting transactions.
Monitoring risk benefit providers in terms of underwriting requirements.
Preparation for year-end audits.
Compliance with fund rules and legislative requirements.
Preparation of data for monthly unit price calculations.
Prepare member quotes where necessary
Assist team members as required
Recording and arching claims on completion thereof
Build and maintain a good relationship with all the relevant departments within a client. This would include the human resource and payroll departments.
All the above items should be adhered to within the scope of the service level agreement.
Note: Your manager can at any point change the tasks for the Administrator to be specialised or multi-tasked.
Based on your experience: you might be asked to do the following tasks
Checking and processing of specific steps in the claims process as identified.
First check for contribution reconciliations.
Checking of daily risk reports and engage with staff members
Qualifications
Grade 12/Matric
Relevant Tertiary qualification or working towards one
Experience
At least 1 – 3 years’ experience in financial industry.
Experience working on Microsoft applications
Experience in client services and dealing with people
Experience in working in a team
Experience in a checking role will be an advantage (based on years of service)
Competencies
Computer Skills
Results driven
Co-ordination Skills.
Interpersonal Skills.
Time Management.
Problem Solving Skills.
Verbal and Written Communication Skills.
Able to work independently and with others
Strong level of responsibility
Attention to detail and high level of accuracy while working under pressure.
Must be able to plan daily tasks
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