Retirement Scheme Associate

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 team in the capacity of:

Retirement Scheme Associate

Provide administrative support to the Sagicor Lifestyle Approved Retirement Scheme (ARS) unit in the Pensions department, specifically in the area of enrolment, benefit calculation, pension contributions reconciliation and uploads.

Location: Kingston

As a Retirement Scheme Associate, you will:

• Calculate retirement, death and disability benefit options and prepare benefit statements on change of status for members of the retirement scheme.
• Prepare benefits payout to clients based on option chosen.
• Process transfers and prepare statement of transfers for clients as well as receiving institution.
• Process partial and full withdrawals for Group Investment Term (GIT) plans.
• Process death benefit for Group Investment Term plans.
• Reconcile approved retirement scheme (ARS) e-payments and cheques received against contribution listings for assigned companies.
  • Upload contributions to the pension system and prepare the relevant allocation reports.
• Enrol members of the approved retirement scheme for assigned groups.
• Enrol new members of Group Investment Term (GIT) plans.
• Update pensionable salaries/ income for members of assigned groups.
• Update beneficiary changes and demographic changes on the system and prepare membership certificates.
• Monitor transfers-into the approved retirement scheme.
• Monitor adhoc payments from the approved retirement scheme.
• Perform any other related duties assigned from time to time.

What do you need?

• Associate degree in Economics, Accounting, Mathematics, Business Administration or related discipline from a recognized institution.
• Successful completion of the LOMA parts 1 & 2 certification or any other industry specified certification.
• At least two (2) years’ working experience in a similar capacity.
• Excellent communication skills.
• Excellent organizational skills.
• Time management skills.
• Sound knowledge of computer software packages such as word processing and spreadsheet applications.

If this role is of interest to you, kindly submit an application via Sagicor's career portal no later than October 4, 2024. 

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