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 Section 14 Administrator
DUTIES AND DAILY RESPONSIBILITIES:
Transfers in:
Monitor Section 14 approvals and the bank account to identify Section 14 receipts.
When deposits are received, follow up on outstanding data.
When data is received, reconcile the data to the Section 14 application, member information and payment.
Query any missing information or discrepancies with the Transferor Fund.
Conclude allocation accurately and within agreed upon timelines.
Monitor the ROT01/ROT02 SARS report daily and ensure all allocations receive a successful response.
Follow up on ROT01/ROT02 failed submissions until concluded.
Work closely with all relevant parties, e.g. internal and external consultants, participating employers, trustees, principal officers, fund accountants
Transfers out:
Monitor Section 14 approvals.
When approvals are received, process the transfer out and provide the transferee fund with the required data.
Assist the transferee fund where necessary with ROT01/ROT02 failed submissions until concluded.
Work closely with all relevant parties, e.g. internal and external consultants, participating employers, trustees, principal officers, fund accountants
General:
Assist the Accounts team with collating and preparing information on transfers for the annual audit.
Identify projects that need to be completed and manage/perform these as required.
Assist other teams where necessary, e.g. reviewing claims or updates, assisting with data anomalies etc
On an ongoing basis, assess the processes and controls for appropriateness and efficiency.
ROLE QUALIFICATIONS AND EXPERIENCE:
Diploma/Degree Advantageous
Minimum of 3-4 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