Pensions Operations Officer

Job Purpose: Assist in processing and payment of pension claims and benefits. Approval of payments on assignment by the Team Leader. Key Responsibilities: Updating and reconciling all pension payment transactions on a daily and monthly basis. Suspense management in all pension payment accounts. Constantly liaising with service providers such as scheme custodians, Finance department and investment managers to ensure that set timelines are achieved in relation to compensation of member benefits. Perform end-of-month bank and GL reconciliations and have all owned accounts approved. Processing payment of all scheme expenses within the agreed timelines (RBA levy, Instalment taxes, Trustee Allowances) Process payment transactions on the Administration system and through any other channel. Preparation of Quarterly Returns of payments and other regulatory returns. Capture accurate bank details at the point of processing payments in the system or through any other channel. Respond to both internal and external pension payment inquiries concerning benefits, claims process, commission, payroll services, and the filing/completion of proper forms. Preparation of monthly/quarterly and yearly annuity, Income drawdown, and DA reports. Record all pension payment transactions and maintain accurate payment registers. Processing of payrolls for annuities/Income drawdown and commissions for all intermediaries by the due date. Approval of payments as per the defined approval matrix. CRM requests resolutions as per TATs. Perform any other duties as may be assigned from time to time. Knowledge, Experience and Qualifications required and Essential Competencies - External Bachelor's degree in a business-related field Advanced Excel reporting - Well versed At least two years of experience in pension payment processing; 4 years relevant experience in the pensions. Technical/ Functional competencies: Pension Regulatory Requirements Claims Assessments Ability to compute Benefits