Pension Administrator – Defined Benefits (Commission)

While we appreciate all applicants, only applications received via Sagicor's career portal https://career4.successfactors.com/career?company=sagicorfinP2 will be considered.

"Looking for a diverse and rewarding career? If you're looking to grow your career within a stable and growing financial services company, then Sagicor may be right for you!"

 Employee Benefits Administrator Limited is seeking a suitable candidate to join our Pension Services (EBA) team in the capacity of:

 Pension Administrator – Defined Benefits (Commission)

Oversee the administration of the assigned portfolio of pension plans and satisfy all servicing needs of corporate clients.

Location: Kingston

As A Pension Administrator, you will:

• Reconcile terminations, death and retirement deposits and memberships.
• Calculate the required fees, balance the accumulated transactions and prepare the necessary documents for collation.
• Establish plan of approval for all new plans.
• Submit annual client reports and any other requirements needed.
• Respond to correspondence from regulatory bodies.
• Liaise with the regulatory compliance department regarding any matters from the Financial Services Commission (FSC) requiring attention.
• Process the benefit quotations, benefits payment and deferred certificates for the terminated members.
• Process plan closures.
  • Prepare client reports and data up to the date of closing for actuarial valuation.
  • Prepare an overview and schedule of payments for clients.
  • Deliver non-member payments and certificates and 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.
• Process and oversee new plans.
• Ensure deposits and withdrawals are correctly posted and that the correct amounts are applied.
• Ensure the timely collection of deposits and liaise with clients regarding outstanding cheques.
• Ensure the maintenance of plan files and member records for each plan.
• Maintain the contribution record for each member of the plan.
• Calculate and collect all administrative charges.
• Perform any other related duties assigned from time to time.

What do you need?

• Bachelor’s Degree in Accounting, Mathematics, or an equivalent qualification from a recognized tertiary institution.
• LOMA level I or certification in other industry specified courses.
• At least three (3) years’ working experience in a similar capacity.
• Excellent communication skills.
• Good time management skills.
• Sound knowledge of computer software packages 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 Sagicor's career portal no later than June 28, 2024. 

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