Head: Annuity Payroll

Description

• To provide oversight and maintain an effective payroll reconciliation process of all pensioners and other beneficiaries to receive monthly pensions

Duties

• Ensure data integrity, and completeness of data for actuarial valuation purposes, clean-ups and audits
• To ensure the accuracy of payments, approved deductions, overpayment detections, recoveries and tracking
• Provide appropriate reporting and analysis of information on payments and payroll runs and make necessary recommendations
• Ensure the process alignment with other interdependent business units and that all work conducted within the division is within service level and efficiency standards
• Develop payroll reconciliation processes, procedures and controls
• Control and reconcile annual PAYE of the annuitants
• Death after retirement and disability benefit administration
• Develops and enforces overpayment recovery procedures
• Provide payroll and payment administration services
• Prepare monthly payroll and reconciliation reports
• Liaise with finance and maintain unpaid or rejected transaction schedules
• Improve payroll/payment efficiencies and service levels
• Develop benefits payment operational processes and procedures
• Set benefits payments operational work standards and practices
• Prepare annually audit schedules and attend to audit queries
• Compliance and legal requirements
• Risk analysis and manage project
• Provide problem solving and troubleshooting services
• Assist with approval of annuity payments and audit of death after retirement claims for BAC

Requisites

• Job-related qualifications and experience:
• A degree in Accounting and Finance
• Minimum of five (5) years of accounting experience of which two (2) years should be on supervisory level
• Pension Fund industry would be an added advantage
• The incumbent should have the following knowledge, skills, and Attributes:
• Knowledge of:
• Accounting software
• Business planning
• Processes and understanding
• Corporate governance
• Financial analysis and modelling
• Financial assessments
• Financial risk analysis
• Investment risk analysis
• Pension fund rules and regulation
• Product/services costing
• Relevant policies
• Procedures
• Legislation and rules
• Interpretation of financial statements
• Internal financial reporting standards
• International accounting standards and generally accepted accounting practices
• Skills:
• Advising
• Analytical
• Budgeting
• Controlling ability
• Costing
• Detail problem solving
• Evaluation
• Feedback
• Financial
• Group problem solving
• Liaison
• Listening
• Management accounting
• Negotiation
• Networking
• Planning
• Presentation
• Project management
• Reconciliation
• Reporting writing
• Time management
• Written and oral communication
• Personal Attributes:
• Assertive
• Calm disposition
• Detail consciousness
• Confidentiality
• Constructive
• Figures oriented
• Independent worker and thinker
• Objectivity
• Patience
• Performance driven
• Reliable
• Stress management and transparent

Notes

• Only shortlisted applicants will be contacted
• GIPF is an equal opportunity employer and comply with the Affirmative Action Legislation
• Persons who are physically challenged and women meeting the above-mentioned requirements are encouraged to apply