Employee Benefits Administration Internship at Sygnia 2017 - Jobs in South Africa

Employee Benefits Administration Internship at Sygnia 2017

Posted on :

1 Dec, 2016

Category :

Internships in South Africa

Sygnia is the fastest-growing multi-management company in South Africa, and wants to hire an intern for our  Johannesburg Office on a 12 month contract. If you are hardworking, ambitious, and require Industry or retirement fund administration experience this would be the perfect opportunity for you.

THE SUCCESSFUL CANDIDATE WOULD GAIN EXPERIENCE IN THE FOLLOWING:
  • Monthly updating of contributions on the administration system (includes the balancing of contributions, allocating the contributions to each member, loading of new members and exiting of members)
  • Following up on outstanding contributions
  • Deducting risk premiums and expenses from contributions
  • Ensuring that all necessary documentation is received in order to process withdrawal, retrenchment, retirement, death and disability claims
  • Reconciliation and payment of risk premiums to insurers
  • Investment of contributions received into the appropriate investment portfolios
  • Disinvestment from the relevant investment portfolios in order to pay claims
  • Applying for tax directives from SARS
  • Reconciling the tax directives for the month and making payment to SARS
  • Reconciliation of section 14 transfers received and paid and ensuring member records are updated appropriately
  • Bank reconciliations
  • Investigating and responding to employer and member queries
  • Assisting with audit queries
  • Checking annual benefit statements and comparing the information to the administration system
ROLE QUALIFICATIONS AND EXPERIENCE:
  • Diploma/Degree in Commerce
  • Strong working knowledge of word processing, and spreadsheets (MSWord, Excel)
  • An understanding of the South African Retirement Industry is advantageous
COMPETENCIES REQUIRED:
  • Highly motivated and eager to learn
  • Strong Attention to detail
  • Team player
  • Excellent communication skills

Closing Date:  28 November 2016

Should you not hear from us within 14 days after submitting your application, please do accept your application as unsuccessful
TO APPLY:
Email CV to: [email protected]

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