Pension Administrator
Location: Centurion
Company: AVBOB
Job Reference Number: 430PAD01
Department: Pension Fund
Industry: Insurance
Job Type: Permanent
Salary: Market Related
Positions Available: 1
Job Overview:
AVBOB is seeking a Pension Administrator to join their Pension Fund Department. The successful candidate will be responsible for managing and administering the pension arrangements for eligible individuals, ensuring compliance with pension-related legislation and policies. The role involves day-to-day administration of pension benefits for AVBOB employees, ensuring the integrity of processes and providing effective communication with employees regarding their pension benefits.
Key Responsibilities:
- Pension Fund Administration:
- Administer pension fund arrangements in line with AVBOB pension fund rules and related legislation.
- Handle salary closure processes, including maternity leave, transfers, new and terminated members.
- Process and reconcile pension contributions on General Ledger, People Salary System, and Old Mutual Corporate Business Payroll systems.
- Process pension payrolls for electronic payment to Old Mutual in compliance with finance policies and procedures.
- Legislative Compliance & Knowledge:
- Stay informed of any changes to pension fund and tax laws.
- Ensure that employees are informed and registered on Old Mutual’s digital platforms.
- Employee Support:
- Conduct information sessions for new employees to introduce them to the pension fund benefits and assist them in navigating related benefits.
- Assist employees with structuring investments and ensuring they are switched correctly and on time by Old Mutual.
- Pension Fund Operations:
- Process and approve exit information received from Old Mutual weekly.
- Transfer pension benefits to other pension providers upon withdrawal requests.
- Attend to administrative matters concerning retired employees (pensioners), including issuing birthday cards, pensioner cards, sympathy letters, and other related benefits.
- Manage administrative tasks for employees’ temporary and permanent disability claims, death claims, and retirement claims.
- Administer Pension Powered Housing Loans.
- Perform other ad hoc duties as required.
Requirements:
- Education:
- Grade 12 (Matric).
- Relevant degree or diploma in pension fund administration is advantageous.
- Experience:
- 3-4 years of experience in pension fund member administration.
- Knowledge of the Pension Fund Act.
- Experience in payroll management.
- Skills & Competencies:
- Proficient in Microsoft Word and Excel (intermediate level).
- Bilingual in English and Afrikaans; proficiency in a vernacular language is advantageous.
- Strong attention to detail and organizational skills.
- Good communication skills, both written and verbal.
Position Details:
- Work Level: Skilled
- Job Type: Permanent
- Salary: Market-related
- Location: Centurion
If you have a strong background in pension fund administration and are looking for a rewarding opportunity, apply today for the Pension Administrator position at AVBOB and become part of a company that values employee development and customer service excellence!
