ATL Pension - Pension Administrator

Kingston, Jamaica

Full Time

Finance and Operations

Entry Level

Pensions Administrator

Duties and Responsibilities:

Prepare Valuation Data for the preparation of triennial Valuations for local and regional funds.
Prepare annual year-end accumulated balances
Reconcile monthly termination pay-outs to cash-flow and GL for local and regional funds.
Create and manage deferred annuity files and log.
Prepare and dispatch deferred certificates to deferred members and financial institutions for transfer out after payments are processed and deposited into individuals' bank accounts.
Check pension refund/retirement/deferral calculations (for local and regional Funds) or dispatch to the Accounting Department within 10 working days of the member's termination date or date of receipt, whichever is later.
Ensure that contributions data 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 staff of employee benefits and GORSTEW.
Update pension log for assigned companies.
Update the pension log for assigned companies.
Update the pension contribution reconciliation File with all data/reconciliation relating to assigned companies monthly.
Update all assigned company files with the current month's contribution upload records.
Assist with the management and submission of the 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 payments files and logs.
Prepare scripts for reports from the pension admin system as needed.
Assist with quarterly compliance and control checks of the company's accounting operations with a 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 the year-end actuarial valuation exercise for assigned companies.
Print and check annual members' statements for dispatch to auditors and then to properties.
Assist with the operations section and coordinate the completion of the Plan's annual report for submission to the trustees via the operations and manager by July 31st.

Qualification and Experience Required:

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 or 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.

Special Conditions Associated with the Job:

May have to work outside of regular working hours for annual member statement preparation and dispatch, and at any other time as required.

Please note: Only shortlisted candidates will be contacted. Thank you for your application!

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Do you have at least a First degree in Finance, Actuarial Science, Management, or equivalent, from a recognized educational institution?*

Have you gained at least two (2) years' experience in Pension/Employee Benefit Administration?*

Do you have experience with an SQL-based pension administration system? This would be an asset.*

Are you proficient in Microsoft Excel and word?*

Do you have sound knowledge of the Pensions (Superannuation Funds and Retirement Schemes) Act, 2004, and its attendant regulations?*

Are you able to work outside of regular working hours for annual member statement preparation and dispatch, and at any other time as required?*

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ATL Pension - Pension Administrator

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