Pension Administrator – Retirement Scheme

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!"

Sagicor Life Jamaica Limited is seeking a suitable candidate to join our Pension Services (EBA) team in the capacity of:

Pension Administrator – Retirement Scheme

Perform administrative duties of the Sagicor Lifestyle Approved Retirement Scheme and other plans within the Retirement Scheme Unit and satisfy all servicing needs of corporate and individual clients.

Location: Kingston

As a Pension Administrator – Retirement Scheme, you will:

• Prepare all annual reports required by Approved Retirement Scheme Employer Groups
• Prepare monthly reconciliation and solvency assessments for the scheme.
• Prepare information folder for the scheme for filing with the Financial Services Commission.
• Prepare for filing with the Financial Services Commission a list of the persons that sell or otherwise distribute the scheme’s contract under the Scheme’s Master Trust Deed.
• Facilitate the annual audit of the scheme.
• Prepare and dispatch Annual Approved Retirement Scheme member statements.
• Prepare monthly reconciliation and reports for assigned Group Investment Term (GIT) plans and ensure accrued interest is booked by Finance.
• Prepare and dispatch annual reports and member statements for the Group Investment Term (GIT) plans.
• Check/ prepare benefit calculations, benefit payments, transfers and adhoc payments for the scheme as may be required.
  • Authorize payments within stipulated signing limit.
• Process inter-fund transfers and change in new money investment allocations.
• Prepare annual valuation data for the scheme.
• Assess transfers-into the scheme.
• Manage and maintain client relationships.
• Conduct daily deposit reconciliations.
• Collect employer contracts from Relationship Managers/ Agents and circulate to trustees for sign off.
• Upon receipt of employer contract from trustees, submit to Tax Administration Jamaica for assessment and stamping.
• Dispatch copy of duly executed contract and welcome letter to the respective employers.
• Monitor the termination of employees of each Employer Group and notify the Client Relationship Officers (CRO).
• Manage client information on the database.
• Perform other related duties assigned from time to time.

What do you need?

• Bachelor’s Degree in Accounts, Economics, Mathematics, Actuarial Science or relevant discipline from a recognized tertiary institution.
• Prior experience as a Pension Administrator would be an asset.
• Excellent communication skills.
• Excellent presentation skills.
• Excellent time management skills.
• Sound knowledge of computer software packages including spreadsheets and word processing applications.
• Ability to understand and utilize pension-specific software.
• Sound knowledge of the Pensions Act and Attendant Regulations and applicable sections of the Income Tax Act.

If this role is of interest to you, kindly submit an application via Sagicor's career portal no later than November 3, 2023.

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