Employee Benefits Administrator

2 weeks ago


Cape Town, South Africa Talent ID (Pty) Ltd Full time

**DUTIES AND RESPONSIBILITIES**
**UMBRELLA FUNDS ADMINSITRATOR (EMPLOYEE BENEFITS)**

In this role you will take responsibility for all processing and client service activities relating to umbrella funds. The company is a registered section 13B administrator and supplies administration services in respect of Life Policies and Retirement Funds.

**Duties and responsibilities**:

- Checking the FNB product inflow accounts daily and performing reconciliation of Product bank accounts.
- Processing contributions received from our participating employers as well as liaising with members,
- consultants/advisors and participating employer representatives
- Preparing special rules, rule amendments and ad-hoc communication to be uploaded to the FSCA website
- Administrator is to take responsibility for all processing and client service activities relating to umbrella funds.
- Validating and processing new investments, switches, retirements, retrenchments, divorce orders, resignations, retrenchments, disability, death claims and static detail changes on the administration system as well as the online banking platform (FNB)
- Processing relevant month end administrative tasks, for example, admin and advisor fees and SARS payments
- Processing Section 14 transfers as needed both in and out for individual members and participating employers

**Required experience and qualifications**
- Related experience in a similar Umbrella / EB fund administration environment with knowledge of products and the rules of the Pension Funds Act
- Strong MS Office Skills, specifically Excel
- Matric, coupled with a Relevant Tertiary Qualification

**Key competencies**
- Highly methodical with strong interest and experience in umbrella fund administration
- High level of integrity and dependability
- Ability to work under limited supervision
- Team Player
- Excellent communication skills
- Client orientated with a strong service mindset

**Job Types**: Full-time, Permanent



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