Employee Benefits Consultant

Bdo South Africa; Johannesburg; On-site; ZAR 300,000 - 500,000; Full time

Job summary

A leading company in the financial services sector is seeking an Employee Benefits Consultant in Johannesburg. The position involves advising clients on benefits, conducting reviews, and ensuring compliance with legislation. Candidates should have relevant qualifications and a minimum of three years' experience in Employee Benefits consulting.

Qualifications

• RE5 and FSP approved licensed representative in relevant categories.
• Experience in pension funds and retail pension benefits.

Responsibilities

• Annual review of scheme benefits and advising clients.
• Managing daily client maintenance and service requests.
• Conducting retirement planning and member education sessions.

Skills

Client advising

Benefit analysis

Compliance

Investment strategy

Education

CFP or similar qualifications / NQF level 5 minimum

Job description

At BDO, we believe in investing in our people to help them grow, both professionally and personally.

The foundation of our business is strong relationships with colleagues, clients, and other stakeholders, and we work hard every day to make this a reality.

Our commitment is to create unlimited growth by giving our people continuous opportunities and our clients unparalleled support. BDO's global organization extends across countries and territories, with people working out of offices worldwide – and we're all working towards one goal: to provide our clients with exceptional service.

Our firms across the organization cooperate closely and comply with consistent operating principles and quality standards. BDO South Africa has a vacancy for an Employee Benefits Consultant in our Johannesburg office, reporting to the Director of Employee Benefits.

Key Performance Areas:

1. Annual review of scheme benefits
2. Advise clients on appropriate benefits in line with market and industry standards
3. Obtain quotes from the marketplace and conduct full costing and benefit analysis
4. Audit current benefits to specific industry standards, including costs
5. Processing of scheme installations and amendments within required SLAs
6. Maintain fund and risk rules
7. Ensure that risk and retirement data comply with rules
8. Obtain investment strategy documents
9. Prepare member communication
10. Submit to FSB
11. Create new entrant and existing client communication packs
12. Coordinate Board of Management meetings, including taking minutes and setting dates
13. Provide Board training as needed
14. Monitor and ensure risk benefits are structured correctly
15. Member communication on benefit changes
16. Monitor investment performance against benchmarks and costs
17. Ensure switch forms are correctly completed and processed
18. Maintain accurate member booklets and benefit statements
19. Conduct retirement planning and member education sessions
20. Draft presentations and newsletters
21. Manage daily client maintenance and service requests
22. Prepare and manage reports and documents
23. Follow up on queries and resolve client, member, and pensioner issues
24. Advise on employee benefits, risk, governance, compliance, investments, legislation, and upcoming changes
25. Maintain best practices and performance standards
26. Engage in regular client interactions and effective communication
27. Perform ad-hoc tasks as required
28. Stay updated on industry innovations and technologies
29. Contribute to team efficiency and spirit
30. Develop knowledge of the employee benefits industry and investment matters
31. Familiarize with relevant legislation such as the Pension Funds Act, Taxation laws, FAIS Act, etc.

Qualifications:

• RE5 and FSP approved licensed representative in categories: Long Term, Retail Pension Benefits, Pension Funds Benefits, Collective Investment Schemes
• CFP or similar qualifications / NQF level 5 minimum

Experience:

• 3 or more years consulting experience in Employee Benefits