Retirement Scheme Associate

Summary

Provide administrative support to the Sagicor Lifestyle Approved Retirement Scheme (ARS) unit in the Pensions department, specifically in enrolments, benefit calculations, pension contributions reconciliations and uploads.

Responsibilities

• • Calculate retirement, death and disability benefit options and prepare benefit statements on change of status for members of the retirement scheme.
• • Prepare benefit payouts to clients based on options selected.
• • Process transfers and prepare statement of transfers for clients and 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.
• • Request tax exemption and dispatch welcome packages.
• • Perform any other related duties assigned from time to time.

Required Skills

• • Excellent communication skills.
• • Excellent organizational skills.
• • Time management skills.
• • Sound knowledge of computer software packages such as word processing, spreadsheet and pension specific applications/ software.

Qualifications

• • An 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.

Additional Information and Instructions

If this role is of interest to you, kindly submit an application via Sagicor's career portal no later than February 7, 2025. While we appreciate all applications, only shortlisted candidates will be contacted.

Share This Job