Vacancies

Umbrella Funds Administrator (Prescient Fund Services)

Reporting line

Operations Manager: Life and Retirement

Location

Westlake, Cape Town

Business Unit

Prescient Fund Services

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Prescient Fund Administration (PFA) is a registered section 13B administrator and supplies administration services in respect of Life Policies and Retirement Funds. These Policies and Retirement Funds provide investors with access to a range of investment options. The role of Administrator is to take responsibility for all processing and client service activities relating to umbrella funds.

DUTIES & RESPONSIBILITIES

Sharing the responsibility of managing the Workflow entry queue. This includes responding to queries and assigning instructions effectively to the team.
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.
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.
SARS payments – EMP201 and EMP501 payments and reconciliation.
Processing Section 14 transfers as needed both in and out for individual members and participating employers.

REQUIRED EXPERIENCE

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.

REQUIRED QUALIFICATIONS

Matric as a minimum. A relevant Tertiary Qualification is advantageous.

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.
A focus on diligence.
Excellent communication skills.
Client orientated with a strong service mindset.

WHY THIS ROLE?

This is your opportunity to join a talented team of Administrators with a wealth of experience in the Retirement and Life industry. You will be joining an entrepreneurial and nimble environment where ideas and solutions to obstacles are always encouraged.

INTERESTED?
APPLY NOW

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