Manager: Social Security Benefits - South Africa
The incumbent will play a supportive role and act as a subject matter expert in the management of key employee social benefits, notably the employer based medical aid and the retirement fund. This role will understudy the Senior Manager: Social Security in managing these portfolios. The incumbent will be appointed as an Employer Trustee on both medical and pension fund board of trustees. The responsibilities (in a supportive role) include being part of Strategy formulation and execution for both entities ensuring that they function within proper legislative and governance framework. These entail being part of the coordination of the appointment or elections of boards of trustees, training, identification and selection of external service providers like administrators, investment managers and insurance service providers. Liaison with statutory bodies as is the in-depth knowledge of how they function (e.g. Council for Medical Schemes, Prudential Authorities, etc.) is a key part of this job. In-depth knowledge of industry players and the applicable legislation is also a key requirement. Additionally the incumbent must possess above average knowledge of finance, budgeting, investments, IT, contract drafting as well as medical aid and pension fund industry knowledge. Wide networking and hands on approach will be an absolute requirement. PERSON SPECIFICATION The incumbent must be in possession of Bachelor’s or post graduate degree: BA, B-Comm-Finance, BSoc. Science with Finance and Accounting modules. Experience in one or more of the following will stand the incumbent in good stead: Registered Financial / Insurance / Tax Practitioner/Investment Manager / Principal Officer of Pension/Medical Scheme. Specialised background in the Medical or Pension Scheme environment, Finance/ Insurance or investment knowledge. At least 8 to 10 years operating in any of the above mention industries. Experience working with Boards of Trustees in a medical or pension fund environment. Legal Requirements: No criminal record. Candidate must not have been declared insolvent. Must pass the test of being fit and proper. In-depth knowledge of the Pension Fund Act, Medical Aid Scheme Act, Divorce Law, Estate Duty Act and all Employment Legislation is a requirement.
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