The Retirement Fund Administrator is responsible for all the tasks identified to administer an active fund.
Based on experience, the administrator will also assist the manager with checking of reports and 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 deathsMonthly 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 necessaryAssist team members as requiredRecording and arching claims on completion thereofBuild 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 task can at any point change 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 membersQualifications
Matric/ Grade 12Relevant 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).Computer SkillsCo-ordination Skills.Interpersonal Skills.Time Management.Problem Solving Skills.Verbal and Written Communication Skills.Able to work independently and with othersStrong level of responsibilityAttention to detail and high level of accuracy while working under pressure. The NMG SA Group of Companies are authorised financial service providers t/a NMG Benefits
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