Pension Administrator (Kingston, JM)

 Sagicor Life Jamaica Limited is seeking to identify a suitable candidate to join our Pension Services team in the capacity of,

Pension Administrator – Define Contribution

The selected candidate will oversee the administration of the assigned portfolio of pension plans and satisfy all servicing needs of the corporate client.

Key Duties and Responsibilities:

• Prepare the annual pension plan report; Reconcile terminations, death, retirement deposits and membership; Calculate the required fees, balance the accumulated transactions and prepare the necessary documents for collation.
• Process the benefit quotations, benefits payment and deferred certificates for the terminated members.
• Process plan closures; Acknowledge receipt of requests for transfer or wind-up; Prepare client reports up to the date of closing and data for actuarial valuation; Prepare an overview of the process an schedules of payment for the client; Deliver non-member payments and certificates; Submit findings to the regulatory body.
• Prepare amendments, analyze, review and implement changes to trust deeds and contracts for approval and submission to the Commissioner of Taxpayer Audit and Assessment.
• Prepare the valuation data; Prepare statements and other reconciliation and data for the Pensions Actuary to undertake valuations; Revise and deliver valuations to the clients and regulators
• Assist with Regulatory Reporting; Establish plan of approval for all new plans; Submit annual client reports and any other requirements needed; Respond to correspondence from regulatory bodies; Ensure Pooled Fund Statements for clients which have an anniversary date as a the previous month end are sent to Taxpayer Audit and Assessment Department (TAAD)
• Liaise with Regulatory Compliance Department regarding any matters from the Financial Services Commission (FSC) requiring attention.
• Work with manager in managing and maintaining client relationships; Provide all services to clients; Train and liaise with Plan Administrators; Establish and maintain a relationship with the Board of Trustees; Prepare and revise booklets to advise members of plan rules; Liaise with third parties on behalf of clients; Respond to Client and member queries.
• Process and oversee new plans; Provide a welcome package and prepare the trust deed and rules and investment contract; Conduct initial systems set up and update client databases;
• Notify accounts regarding assigned agents and prepare member booklets
• Prepare customized reports for clients.
• Ensure deposits and withdrawals are correctly posted and that the correct amounts are applied.
• Manage and monitor deposits; Ensure the timely collection of deposits and liaise with clients regarding outstanding amounts.
• Manage client information on the database; Inform or remind Clients of data to be submitted and communicate with clients about the receipt of, or need for additional information.
• Maintain the plan Records; Ensure accurate maintenance of plan files and member records; Maintain the contribution record for each member of the plan; Ensure the maintenance of temporary current files.
• Calculate and collect all administrative charges.
• Perform other related duties assigned from time to time.

Academic Qualifications/Specialized Skills/Competencies:

• Bachelor’s degree in Accounts or Mathematics, or an equivalent qualification from a recognized tertiary institution
• Loma level I or certificate in other industry specified courses.
• Three (3) years experience in a similar capacity.
• Excellent communication skills
• Good time management skills
• Sound knowledge of standard personal computer software applications including spreadsheets and word processing applications
• Ability to understand and utilize pension specific software

If this role is of interest to you kindly submit an application via this career portal no later than September 25, 2020.

While we appreciate all applications, only shortlisted applicants will be contacted.

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