Benefits Processing Associate

Summary

Calculate and pay benefits to recipients of pension plans.

Responsibilities

• • Consult Pension Plan rules to ascertain benefits due to members on termination of employment.
• • Ensure contribution data required to process benefits are properly checked and added to member accounts for processing.
• • Calculate benefits due to members and prepare benefits booklet for approval by Pension Administrator.
• • Prepare requisitions for the payment of benefit.
• • Ensure proper approvals are received before dispatching payment of benefits.

• Consult Pension Plan rules to ascertain benefits due to members on retirement from the Pension Plan.:

  • • Ensure all documents required to process benefits are received.
  • • Prepare Payment requisition and Income tax calculation to request payment.
• • Ensure proper documentation are received from Client in relation to the deceased member and his beneficiary before processing commences.
• • Ensure payments over the Pension Administrators’ limit reflects appropriate signatures.
• • Ensure all banking details are entered in database before requesting transfer by way of the Supervisor.
• • Ensure payment details are properly entered in database (cheque number, cheque date).
• • Ensure appropriate work-flow database is updated each day to reflect work done.
• • Organize disbursement activities with other Benefit Processors
• • Perform other related duties assigned from time to time.

Required Skills

• • Time management skills.
• • Sound knowledge of computer software packages and pension specific software.

Qualifications

• • Minimum of an associate degree in Business Administration, Accounting or Mathematics 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.

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 21, 2025. While we appreciate all applications, only shortlisted candidates will be contacted.

Share This Job