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The Enterprise by IR Limited (IRE)

Pension Administrator

The Enterprise by IR Limited (IRE)

  • Kingston and St. Andrew / St. Catherine
  • Not disclosed
  • Permanent full-time
  • Updated 07/11/2024
  • Recruitment
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On behalf of the ATL Group Pension Fund – The IRE Group of Companies is seeking to recruit a:

Pension Administrator

Duties and Responsibilites:

  • Prepare Valuation Data for preparation of Triennial Valuations for local and regional funds.
  • Prepare annual year end accumulated balances (AV) reports for regional and where possible local Funds.
  • Reconcile monthly termination pay-outs to cash-flow and GL for local and Regional Funds.
  • Calculate and check retirement estimates as requested by HR Managers, for local and regional funds.
  • Create and manage deferred annuity files.
  • Create and manage deferred annuitants log.
  • Prepare and dispatch deferred certificates to deferred members and financial institutions for transfer out after payments are processed and deposited to individuals’ bank account.
  • Check pension refund/retirement/deferral calculations (for local and regional Funds) for dispatch to the Accounting Department within 10 working days of members termination date or date of receipt whichever is later.
  • Ensure that contributions data received is input, balanced and processed live by the 9th of each month for assigned companies for assigned local and regional companies.
  • Manage monthly and annual pension accounts for the Group of Companies.
  • Update pension log for assigned companies.
  • Update the Pension Contribution Reconciliation File with all data/reconciliation relating to assigned Companies, on a monthly basis.
  • Update all assigned company files with the current month’s contribution upload records.
  • Assist with the management and submission of terminations log via email to HR Personnel notifying them of all terminated members who have not been refunded pension contributions, quarterly.
  • Create and manage pension transfer logs.
  • Create and manage incomplete death payment files.
  • Create and manage incomplete death payment logs.
  • Prepare scripts for reports from pension admin system as needed.
  • Assist with quarterly compliance and control checks of the company’s accounting operations with focus on balancing of sub-ledgers to the General Ledger.
  • Provide pension account daily balances as requested by HR representatives or members.
  • Reconcile contributions annually for year-end actuarial valuation exercise for assigned companies.
  • Print and check Annual Member Statements for dispatch to auditors and then to properties.
  • Assist with the operations section of and coordinate the completion of the Plan’s Annual Report for submission to the Trustees via the Operations and Manager.

Qualification and Experience Required:

  • A first degree in Finance, Actuarial Science, Management  or equivalent, from a recognized educational institution.
  • At least two (2) years’ experience in Pension/Employee Benefit Administration.
  • Experience with an SQL based pension administration system would be an asset.

Specific Skills and Competencies Required:

  • Proficiency in Microsoft Excel and Word is required.
  • Effective oral and written communication skills

Specific Knowledge Required:

  • Sound knowledge of the Pensions (Superannuation Funds and Retirement Schemes) Act, 2004 and its attendant regulations.
Please Note: Only Shortlisted Candidates Will Be Contacted. Thank You All For Your Applications!

Ref: Pension Administrator
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The Enterprise by IR Limited (IRE)

The Enterprise by IR Limited (IRE)

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