Employee Benefits Administrator

Sygnia Asset Management; Cape Town; On-site; ZAR 350,000 - 500,000; Full time

Job summary

Sygnia Asset Management is seeking an Employee Benefits Administrator to join their Benefits Administration team in Cape Town. The role involves handling monthly contributions, data management, and ensuring timely reconciliation and investment of funds.

You will liaise with insurers, prepare statements for trustees, and respond to queries with professionalism. Key experience includes 3+ years in employee benefits, umbrella or standalone retirement fund administration, and familiarity with

Qualifications

• Minimum of 3 years' experience in Employee Benefits.
• Umbrella fund administration and/or standalone retirement fund administration experience.
• Working knowledge of Everest (administration system) advantageous.

Responsibilities

• Follow up of monthly contributions and data management.
• Reconciliation, allocation and investment of monthly contributions.
• Generate annual benefit statements and respond to client queries.
• Liaise with insurers on risk claims and tax directives.
• Assist with audits and schedules for trustees and management committees.

Education

Diploma/Degree advantageous

Tools

Everest

Job description

Sygnia is the fastest-growing multi-management company in South Africa. Join this dynamic company by becoming a part of their Employee Benefits Administration team as an Employee Benefits Administrator.

DUTIES AND DAILY RESPONSIBILITIES:

• Following up of monthly contributions
• Managing data received from clients
• Reconciliation, allocation and investment of monthly contributions within the required turnaround times
• Reporting non-compliance with section 13A as well as issue invoices and follow up payment of late payment interest
• Reconciliation and deduction of risk premiums and fund expenses
• Monitor the bank account for the receipt of individual transfers and/or follow up with the transferor fund if not received within a reasonable timeframe
• Reconciliation, allocation and investment of section 14 and individual transfers received from or paid to other retirement funds when required
• Disinvestment and payment of all types of claims within the required turnaround times (e.g. divorce, death, retirement, etc)
• Checking documentation received for benefits is complete and accurate and following up on outstanding documentation
• Liaising with insurers on risk claims (e.g. disability, funeral, death, etc)
• Applications for tax directives to SARS
• Review of administration reports for trustees and or management committees
• Assisting the fund accounting team with their preparation of relevant schedules for audit purposes
• Generate and check the annual benefit statements for accuracy prior to distribution to clients
• Investigating and responding to employer and member queries in a professional manner
• Investigating and responding to queries from the accounting, consulting and other relevant team members
• Working closely with all relevant parties, e.g. internal and external consultants, participating employers, trustees, principal officers, fund accountants, etc
• Assisting with other ad hoc tasks that may arise from time to time

ROLE QUALIFICATIONS AND EXPERIENCE:

• Diploma/Degree Advantageous
• Minimum of 3 years' experience in Employee Benefits
• Previous experience with umbrella fund administration and/or standalone retirement fund administration
• Working knowledge and experience of Everest (administration system) advantageous

COMPETENCIES REQUIRED:

• Strong attention to detail
• High level of numeracy and accuracy
• Good analytical/ problem-solving skills
• Good inter-personal skills
• Good communication skills, both written and verbal
• Proactive individual, who is willing take responsibility and accountability for allocated tasks
• Excellent organisational skills
• Ability to multi-task
• Ability to work under pressure
• Solid knowledge of the retirement fund industry and legislation

Should you not hear from us within 14 days after submitting your application, please accept your application as unsuccessful.

Disclaimer: Please be advised that your personal information shared on your CV will only be used as part of the Sygnia recruitment process for the role applied for. It will not be shared with any third parties for any other reason.