Employee Benefits Consultant (Western Cape) at BDO South Africa

Description
Primary Purpose of the Job

Main Duties and Responsibilities:

Key Performance Areas:

Annual Review of scheme benefits

• Advise to client on appropriate benefits in line with market and Clients Industry
• Obtain quotes from market place and conduct full Costing and benefit Analysis
• Audit the current benefits to specific Industry including costs

Processing of Scheme

• Installations and Amendments to benefits within required Service Level Agreements (SLA's)
• Maintain Fund and Risk Rules
• Ensure that risk and retirement data tie up to rules
• Obtain Investment strategy document
• Prepare member communication
• Submit to Insurer
• New entrant/existing client communication packs

Board of Management Meetings

• Board of Management Meetings
• Take, type and send minutes to clients
• Setting annual dates for Board of Management meetings with clients and all participants
• Action all items from Minutes
• Provide Board training as and when required
• Monitoring and ensuring risk benefits are structured correctly
• Member communication on change of benefits

Investments

• Monitor Investment Performance – against Peer Benchmark as well as costs and appropriate Investment Strategy
• Ensure that Investment Strategy has been implemented as per instructions from Board
• Ensure switch forms are completed correctly and processed

Member Communication

• Ensure member booklet is accurate
• Ensure accuracy of benefit statements
• One-on-one retirement planning & member education
• Drafting presentations and newsletters o delete

Daily Client Maintenance/Service

• Issuing standard documents, such as quarterlies, surveys, legal updates etc. timeously to clients
• Prepare and manage reports and documents
• Following up queries and resolving problems of clients, members and pensioners Provide advice pertaining to employee benefits, risk, governance and compliance, investments, legislation and pending changes which could impact on each particular benefit programme

Best practice

• Maintain expected performance standards each month, ensuring and adhering to the required monthly recons, timekeeping and attendance standards
• Ensure accuracy and completeness of all tasks performed within service level agreement
• Regular client interaction on a professional and effective manner on both verbal and written communication
• Perform additional ad-hoc tasks as and when required across the client service centre to meet commitments made to clients
• Remain abreast of new innovations and technologies in the industry
• Contribute towards team efficiency and team dynamics/spirit Development of knowledge of the employee benefits industry and investment matters
• Acquaint oneself with relevant legislation i.e. Pension Funds Act, Taxation, FAIS Act etc.

Requirements
Qualifications, Experience, Knowledge and Skills:

Qualifications:

• RE5 and FSP Approved licensed Representative in the following categorieso
• Long Term Category
• Retail Pension Benefits
• Pension Funds Benefits
• Collective Investment Schemes
• CFP or similar qualifications / NQF level 5 minimum

Experience:

• 3 or more years consulting experience in Employee Benefits

Competencies: Knowledge and Skills:

Behavioural Competencies:

• Good verbal/written communication skills
• Building trust and relationships
• Fostering collaborative team work
• Professionalism
• Strong client orientation
• Attention to detail
• Ability to prioritise and handle stress
• Creative yet organised
• Task driven & delivery focused
• Socially aware and able to work as part of a diverse team
• Innovative and willing to share ideas for new ways of working
• Ability to work with all levels within an organisation