BDO South Africa Jobs 2021 for Employee Benefits Consultant available. See details below on how to apply for the position of Employee Benefits Consultant in BDO South Africa.
BDO’s global organisation extends across 167 countries and territories, with 88,120 people working out of 1,617 offices – and we’re all working towards one goal: to provide our clients with exceptional service. Our firms across the organisation cooperate closely and comply with consistent operating principles and quality standards.
At BDO, we believe in investing in our people to help them grow, both professionally and personally. The foundation of our business is strong relationship, with colleagues, clients and other stakeholders and we work hard every day to make this a reality. Our commitment is to create unlimited growth by giving our people continuous opportunities.
BDO South Africa has a vacancy for an Employee Benefits Consultant in our Cape Town offices, reporting to the Director of Employee Benefits.
Job Title: Employee Benefits Consultant
Location: Cape Town, Western Cape, South Africa
Reference #: EMB_01
Contract Type: Permanent
Salary: Market Related
Job Summary:
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 FSB
•New entrant/existing client communication packs
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 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
•Letter of investigation/ financial advice
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 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:
•RE5 and FSP Approved licensed Representative in the following categories
– 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:
•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
Salary is market-related and commensurate with experience.
The appointment will be made in terms of the firm’s Employment Equity Policy.
Only short-listed candidates will be contacted.
To Apply:
Application Deadline: 04/08/2021
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