Pension Administrator

The Enterprise by IR Limited (IRE) is seeking a reliable and detail-oriented individual to join our Team as 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.