Pension Scheme Fund Accountant

Job Detail

Experience 5 Years
Industry Finance
Qualifications Degree Bachelor

Job Description

JOB PURPOSE

The role is responsible for ensuring effective administration, financial management, and regulatory compliance of pension schemes in line with statutory and company requirements. It involves managing client onboarding, maintaining accurate member records and scheme data, processing contract endorsements, and supporting the preparation of financial statements, valuations, and scheme reports. The role also ensures timely filing of regulatory returns, tax obligations, and RBA levies, while maintaining the integrity of scheme transactions and documentation. Additionally, the position supports trustees through financial reporting, audit coordination, and participation in Board of Trustees meetings and AGMs.

PRINCIPAL ACCOUNTABILITIES

Ensure compliance of the pension schemes in line with both statutory and company policies.
Ensure onboarding of new clients and sponsors within stipulated timelines, in line with the company’s compliance requirements, and ensure timely delivery of policy documents and the deed of adherence to customers within Tats.
Processing Endorsement change requests to insurance contracts while adhering to set procedures and guidelines
Facilitate continuous data clean-up of clients’ personal information.
Ensure customer data quality and compliance through validation and Verification of customer data through lines of business during onboarding
Present audited scheme accounts during clients’ Board of Trustees meetings / AGM.
Assist in the preparation of the Deposit Administration’s monthly valuation data
Assist in the preparation and filing of the Scheme Financial Statements
Prepare and file income tax returns and RBA levies within the stipulated deadlines
Maintain and manage the integrity of all scheme transactions, documentary support and maintenance of scheme fund statements
File scheme Returns of Contributions and investment returns with the Retirement Benefits Authority within stipulated deadlines
Carry out regular Pension account reconciliations of members and scheme balances.

MINIMUM QUALIFICATIONS – KNOWLEDGE AND EXPERIENCE

Qualifications:

Bachelor’s degree in Accounting, Finance, or related field.

Professional Qualifications

Professional qualification CPA, ACCA, or equivalent, often with specialized pension training.
At least 5 years of relevant experience
Knowledge of RBA Regulations
Knowledge of pension Taxation Law.
Proficiency in MS Excel and accounting systems (e.g.,
Dynamics 365, SAP).

SKILL AND COMPETENCIES