Summary
Date Posted: Monday, June 22, 2020 , Base Salary: Not Disclosed

JOB DETAILS:
Makerere University Retirement Benefits Scheme (MURBS) is a scheme for Makerere University staff. MURBS was established under irrevocable trust with effect from 1st April 2009 and is licensed by the Uganda Retirement Benefits Regulatory Authority. The Scheme was set up by Makerere University for the purpose of providing retirement benefits to employee of Makerere University upon retirement from the University. MURBS is governed by a Board of Trustees, which is the Scheme’s supreme governing body. The relationship between the University and the Board otTn1stees is enshrined under the Trust Deed and Scheme Rules (as amended 17 April 2015]. MURBS is committed to hiring and retaining qualified and competent staff that have actual and tutu re potential to effectively and efficiently perform their duties and responsibilities in accordance with MURBS‘s vision, mission and strategic objectives.
Job Title: Assistant Principal Pension Officer (Finance and Investment)
Rank: Pension Officer
MURBS Salary Grade: 2B
Number of Posts: 1
Vacancy Notice: 220620
Reports to: Principal Pension Officer
Duty Station: Scheme Office at Makerere University, Kampala
Job Summary
To provide high level support to the Principal Pension Officer in all matters pertaining to the financial and investment administration of the Scheme as outlined under the role of the PPO and MURBS Policy documents..

Main Duties and Responsibilities
• Monitor investments undertaken by the Fund Managers, monitor purchase and sell of bonds and establish compliance with the Investment Policy Statement
• Use independent methods to verify earnings and/or losses reported by Fund Managers on bonds and shares and compare them with the figures reported by Fund Managers
• Prepare financial reports and working papers arising from a) and b) above in a required format from time to time
• Develop and implement systems to manage, document and report on the Schemes inventory assets such as Property
• Study prevailing markets and advise Trustees on the appropriateness and applicability of the Investment Policy Statement or changes that may be needed
• Establish, verify: and maintain appropriate records in relation to custody operations
• Verify member contributions and benefits payments made by the Scheme
• Assist Trustees in carrying out due diligence when paying death benefits
• Prepare financial projections to aid in the distribution of funds to the Fund Managers and operational accounts of the Scheme
• Review Benefits Statements of Members and make appropriate recommendations
• Track Benefits Payment details of Members, notify members of their Payments/Beneficiaries and maintain updated electronic and hard copy records
• Obtain verify relevant records from the University Pension office to support the payment of benefits to members/ Beneficiaries
• Track Member queries to their resolution and assist in preparing written responses to special inquiries
• Make correct tax deductions, and supervise filing of URA returns and remittance to the relevant authorities as required by Law Process Scheme payments
• Review Scheme operational expenses and maintain an accurate journal of all the expenses, as well as analyse budget reviews presented by the Administrator and confirm their consistency with the Scheme expenditure and the predetermined ratios
• Liaise with the Administrator and facilitate Scheme accounting procedures where necessary
• Prepare and monitor Budgets, Cash flows, and liquidity requirements
• Liaise with the Fund Managers and track Board resolutions pertaining to the Scheme Funds
• Review reports on custody: fund management, and benefits payment and flag any irregularities for action in a timely manner
• Monitor and track risk issues on regular basis and ensure continuous improvement in operating procedures to avoid risks
• Coordinate banking services provided to the Scheme and do bank reconciliations
• Work with the Administrator to facilitate audits and compliance to standards
• Review and verify the Asset Register
• Cash cheques for the Scheme
• Prepare payslips of staff.
• Write cheques
• Administer petty cash and maintain a petty cash book
• Prepare Journal Vouchers in respect of cash payments
• Account for all cash advances
• Perform any other duties as assigned from time to time
Other Duties and Responsibilities
• Take minutes at Trustee meetings as delegated from time to time

Experience and Training
• Should have at least three (3) years‘ experience in finance or investment management with at least 2 years in investment management. Knowledge of pension administration will be an added advantage.

 Education
• University degree in any of the following fields: Investment Analysis! Management: Commerce, Finance: Insurance, Pension Management and Administration: Statistics, Economics, Mathematics.
• Should possess postgraduate qualifications in any of the mentioned fields.

Core Competencies
Good knowledge of the principles and practices of fund management; good understanding of accounting methods and procedures; highly analytical person with attention to detail.

Work Hours: 8

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Job application procedure
Submit your application letter, signed curriculum vitae (with names and addresses of at least two referees), and copies of relevant academic! professional certificates to the address below;
Attention: Principal Pension Officer
Makerere University Retirement Benefits Scheme
P.0. Box 7827, Kampala
Lincoln Flats B4 Makerere University
Email: info@murbs.mak.ac.ug
Deadline: 2:00 pm on 29th June 2020
Only shortlisted candidates shall be contacted.

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