Retirement Fund Administrator

The Retirement Fund Administrator is responsible for updating and fully reconciling funds on a monthly basis. Additionally, they provide support to the Team Manager as needed.Duties and ResponsibilitiesKey Performance Objectives Calculation and payment of claims i.e. withdrawals, retirements and deaths.Compiling of administration reports for the client.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.QualificationsMatric/Grade 12 certificateExperienceAt least 3-5 years' experience in the pension's administration environment.Sound experience in Pension Fund accounting.Sound experience in applying returns and balancing shares of fund.Co-ordination Skills.Interpersonal Skills.Time Management.Problem Solving Skills.Communication Skills. Administration Skills. The NMG SA Group of Companies are authorised financial service providers t/a NMG Benefits
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