Administrator

Discovery Limited; Sandton; On-site; ZAR 420,000 - 720,000; Full time

Job summary

Discovery Limited is seeking a meticulous Retirement Funds Administrative professional to manage daily administration, reconciliations, and compliance across Umbrella Funds and group risk products. The role emphasizes accuracy, proactive improvement, and strong stakeholder engagement.

You'll work within a regulatory framework, maintain data quality, and support continuous process enhancements while coordinating with internal teams and external brokers to deliver reliable service.

Qualifications

• Matric with emphasis on accuracy and data handling.
• Experience with Retirement Funds Umbrella/Group risk beneficial.
• Advanced Excel and MS Office skills.
• Exposure to Compass a plus.

Responsibilities

• Handle day-to-day administration of Retirement Funds and Umbrella schemes.
• Perform monthly contribution reconciliations and associated calculations.
• Ensure compliance with Pension Funds Act, Tax Act and fund rules.
• Respond to internal queries and maintain client communications.
• Prepare and update monthly operational reports for management.
• Build and maintain strong relationships with brokers and stakeholders.

Skills

Attention to detail

Very organised

Communication skills

Reporting skills

Interpersonal skills

Compass exposure

Education

Matric - essential

NQF level 6 advantageous

Wealth management qualifications - advantageous

Retirement Funds operations knowledge

Tools

MS Office / Excel

Job description

About Discovery

Discovery's core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with those of Discovery. Our fast-paced and dynamic environment enables smart, self-driven people to be their best. As global thought leaders, Discovery is passionate about innovating in order to not only achieve financial success, but to ignite positive and meaningful change within our society.

About Discovery

Discovery's core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with those of Discovery. Our fast-paced and dynamic environment enables smart, self-driven people to be their best. As global thought leaders, Discovery is passionate about innovating in order to not only achieve financial success, but to ignite positive and meaningful change within our society.

About Discovery Corporate & Employee Benefits

Discovery Corporate and Employee Benefits is the first and only employee benefits provider to be shaping employee behaviour, creating healthier and wealthier workforces. It is an exciting business to be in as we reimagine the way retirement savings and life insurance is brought to companies and employees.

Key Purpose

The position is responsible for the day-to-day administration within Retirement Funds primarily and Group life billing. This is a core administration function, and the incumbent would be required to holistically administrate a portfolio of different Retirement Fund disciplines, for example monthly contribution reconciliation and investment, Section 13A non-compliance letters and calculations, Default Reg requirements, T-day and new member processes. The incumbent must ensure that processes and procedures are implemented, maintained, and improved. The incumbent needs to ensure operational activity is conducted within regulatory frameworks, accurately, effectively, and efficiently. The incumbent must ensure that he/she has the knowledge, skills, tools, and competencies required to perform the required job within service level agreements. The incumbent must have an appetite to be part of a growing new business unit, continuous improvement to processes, able to adapt to change easily, challenge the status quo, inspire, and motivate others. The incumbent will continually review existing processes and procedures to ensure the delivery of committed services to the Umbrella Funds Clients.

Areas of responsibility may include but not limited to

• Processing of all daily and monthly transactional activity within the agreed service levels.
• Performing QA function for document verification where necessary.
• Ensure that day to day administration is accurate, compliant, and abreast with regulatory frameworks such as, Pension Funds Act, Tax Act, Rules of the Discovery Life Umbrella Pension and Provident Funds, Participating employer special rules. Ensures delivery of key operational attributes such as data completeness and data quality.
• Dealing with queries from internal stakeholders, communicate effectively with clients to resolve queries and escalations, ensure client expectations are met.
• Update monthly reports for submission to direct line managers to review.
• Dealing with escalated calls or queries from internal stakeholders, communicate effectively with clients to resolve queries and escalations and ensure client expectations are met.
• Develop and maintain excellent business relations with internal and external brokers.

The Successful Candidate Must Demonstrate The Following Competencies

• Communication Skills: able to communicate clearly both verbally and in writing.
• Reporting Skills: ability to consolidate information and update reports reflecting the necessary relevant information
• Ability to communicate logically and objectively is an essential component of this role.
• Attention to detail
• Very organised
• Probes for further information or greater understanding of a problem.
• Relates well to people at all levels.
• Exposure to Compass

Education And Experience

• Matric - essential
• Group Risk Employee Benefits , Retirement Funds (Umbrella) experience
• NQF level 6 or similar is advantageous
• Relevant Industry Qualifications - Wealth Management, Introduction to Retirement Funds - Advantageous
• MS Office - Advanced Excel Skills, Retirement Fund and Umbrella Fund operations, Accounting, Investments

EMPLOYMENT EQUITY

The Company's approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.