Senior Retirement Fund Administrator

Position Name:       Senior Retirement Fund Administrator
Reports to:               Team Manager
Division:                   Retirement Fund Administration


Key Performance Objectives
  • Calculation and payment of claims i.e. withdrawals, retirements, and deaths.
  • Compiling of administration reports for the client.
  • Monthly updating and full reconciliation of funds.
  • Monthly/adhoc investments/disinvestment in line with Trustees’ mandates.
  • Monthly payment of fees, risk benefits etc.
  • Monthly updating of accounting transactions.
  • Asset liability matching.
  • Monitoring risk benefit providers in terms of underwriting requirements.
  • Preparation for year-end audits.
  • Issuing of member benefit statements.
  • Compliance with fund rules and legislative requirements.
  • Preparation of data for actuarial valuations/bonus declarations.
  • Preparation of data for monthly unit price calculations.
  • Preparation of data for consulting for risk re-broking exercise.
  • Annual calculation and payment of consulting fees.
  • New fund installations.
  • Section 14’s – calculations and preparation of data for drafting.
  • Fund amalgamations and terminations.
  • Assist the Team manager, when required, to check claims, calculations, reports etc.
Minimum Qualifications
  • Matric certificate.
Experience
  • At least 3-5 years’ experience in the pensions administration environment.
  • Sound experience in Pension Fund accounting.
  • Sound experience in applying returns and balancing shares of fund.
  • Good computer skills, particularly Excel.
  • Good interpersonal skills.
  • Good communication skills.
  • Strong level of responsibility.
  • Able to work independently.
Competencies (skills required)
  • Co-ordination Skills.
  • Interpersonal Skills.
  • Time Management.
  • Problem Solving Skills.
  • Communication Skills.
  • Administration Skills.

Should you be interested in applying, please forward a detailed CV to recruitment@nmg.co.za by 28 September, 2020.