Officer at Unilever [Apply Now]

No matter who you are, or where in the world you are, the chances are that our products are a familiar part of your daily routine. Look in your fridge, or on the bathroom shelf, and you’re bound to see one of our well-known brands. We create, market and distribute the products that people choose to feed their families and keep themselves and their homes clean and fresh.

Our brands are trusted everywhere and, by listening to the people who buy them, we’ve grown into one of the world’s most successful consumer goods companies. In fact, 150 million times a day, someone somewhere chooses a Unilever product. We have a vision of sustaible growth that aims to double the size of our business, whilst halving our environmental footprint and increasing our positive social impact. Our Unilever’s Sustainable Living Plan (USLP) commits to:

• Decoupling growth from environmental impact.
• Helping more than a billion people take action to improve their health and well-being.
• Enhancing the livelihoods of millions of people by 2020.

If you would like to learn more about Unilever – the no.1 Top Employer in South Africa – and our BrightFuture ambitions, take a look at this video for more info:

POSITION: Pensions Officer
FUNCTION: Human Resource
LOCATION: La Lucia Ridge

THIS POSITION IS OPEN TO SOUTH AFRICAN CITIZENS ONLY

MINIMUM CRITERIA:

• Completed Accounting degree.
• 2 years’ pensions experience in benefit payments

JOB PURPOSE:
INTERPRETATION AND APPLICATION OF RULES FOR BENEFIT CALCULATIONS

• Determine the benefits of members on retirement, death or disability in service, including widow and child pensions, based on the correct interpretation of fund rules and policies. Make recommendations to the Principal Officer on the disbursement of such benefits and issue a report of benefits awarded on a monthly basis.
• Ensure that the Pension Funds Act is complied with in all cases.
• Keep abreast of any changes in legislation and of precedent setting rulings by the Pension Funds Adjudicator.
• Visit sites and conduct presentations to provide clear information to members concerning their pension entitlements and options prior to retirement, redundancy or resignation. Inform members on the timing and tax implications of their retirement.
• Monitor expatriates’ benefits in host countries’ pension funds and provide these members with updated information on request, track variable pay awards for expatriate managers and ensure that all information is at hand on calculations of retirement benefits for senior managers.
• Liaise with the Receiver of Revenue to ensure compliance with legislation at all times and ensure tax relief in special circumstances where service outside SA is concerned.

CONTROL PAYMENTS TO PENSIONERS AND CHILD BENEFICIARIES

• Recommend and implement arrangements to invest lump sums with the beneficiary fund set up by the Fund where minors survive deceased members, monitor the investment and ensure payment to the child on majority.

MAINTENANCE OF COMPUTERISED PENSIONER RECORDS

• Ensure the integrity and accurate maintenance of the Defined Benefit and Defined Contribution Fund SAP database on termination of members’ service.

COMMUNICATION WITH MEMBERS

• Together with the Pensions Officer and Communications committee provide appropriate communication to members, (actives, deferred and pensioners) on a regular basis to ensure that they have a thorough understanding of the fund, the fund rules and fund operating procedures. Emphasis to be given to savings preservation for younger members of the

SURPLUS

• Manage surplus claims and payments.

ACCOUNTING

• Monthly accrual of death and disability liability and reconciliation to general ledger. This includes reporting of benefits awarded and relevant movement in reserves or accumulated funds in conjunction with the fund financial officer.
• Parking of journal entries
• Salary and ad hoc reconciliations
• Custodian reconciliations
• Prepare Contribution analysis
• Assist with completion of annual financial statements

AD HOC & COMPANY ACQUISITIONS AND DISPOSALS

• Co-ordinate ad hoc exercises such as transfers in and out of the fund.
• Assist the Principal Officer in determining pension arrangements for members and pensioners belonging to companies acquired or disposed of.

ONLINE ASSESSMENT:
Please note: as part of the job application, you will be asked to complete an online assessment. Completion of the assessment is mandatory in order to be considered. Please allow yourself plenty of time to complete both the application and assessment. If the assessment is filled out partially or not at all, it will adversely affect the progress of your application. Please be aware that you will have to complete the assessment at once as you will be unable to return to it later.

TO APPLY:
Please apply online. Your application will be reviewed against our requirements and we will be in touch shortly after the closing date to provide you with an update on the status of your application.

Should you require additional information, please contact Enterprise Support, 0800 980 612 quoting reference number 16000CVN.

CLOSING DATE: 12 August 2016