Pension Administrator (Centurion)
Job details
Africa's largest Mutual Assurance Society providing a one-stop funeral insurance and burial service solution.
Description
We are looking to hire an experienced Pension Administrator, to be responsible for the accurate and effective application of pension arrangements for eligible individuals, ensuring clear and concise communications and integrity of the related processes. You will also be responsible for attending to the day-to-day administrative duties relating to AVBOB employees as members of the Old Mutual Superfund Umbrella Fund.
You will be working for a company that is over 100 years old with strong values which are customer centric. In return for your services, you will be paid a competitive package which includes pension fund contributions and a medical aid allowance. You will have access to personal services through the employee assistance program and wellness programs. You will be working for an organization that values employee development and rewards excellent performance.
YOUR RESPONSIBILITIES WILL INCLUDE THE FOLLOWING:
Administer the current members according to related legislation and the approved AVBOB pension fund rules.
Handle salary closure process with the activation of maternity leave, transfers, new and terminated members.
Balance, process and reconcile the pension contributions on the General Ledger, People Salary system and Old Mutual Corporate Business Payroll systems.
Process Pension payrolls for electronic payment to Old Mutual via Credit Management System by complying to Finance policy and procedures.
Maintain informed knowledge of changes to legislation of Pension Fund and Tax laws.
Assist employees with the registration on digitalised platforms with Old Mutual.
Conduct information sessions with new employees to introduce the Pension Fund benefits and provide guidance in navigating related benefits.
Ensure that members who choose to structure their own investments are switched in time and correctly by Old Mutual.
Process and approve the exit information received weekly from Old Mutual.
Transfer pension benefits to other pension providers on withdrawals.
Attend to administrative matters relating to retired AVBOB employees (Pensioners) eg. birthday cards, issuing of pensioner cards, sympathy letters and other related benefits.
Attend to administrative mattes regarding employees' temporary and permanent disability claims.
Attend to administrative matters regarding employees' death claims.
Attend to administrative matters regarding employees' retirement.
Attend to administrative matters regarding the Pension Powered Housing Loans.
Attend to other ad hoc duties
Requirements
Grade 12
Relevant degree or diploma will be advantageous
3-4 years Previous work experience in pension fund member administration
Knowledge of the pension fund act
Payroll experience
Intermediate Word and Excel skills
English and Afrikaans speaking, a vernacular language will be advantageous.
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