Summary
Date Posted: Thursday, August 22 2024, Base Salary: Not Disclosed

JOB DETAILS:
JOB ROLE/ PURPOSE:
Support the finance and administration of the URA Staff Retirement Benefits Scheme to enhance accountability and value – for-money on RBS Investments.

KEY ACCOUNTABILITIES
1. Provide custody to staff retirement benefits scheme documents and information in order to promote efficiency in processing payments and conducting of the scheme’s administrative work.
• Follow up with payroll unit to establish whether RBS deductions have been remitted to the RBS bank account
• Reconcile individual contributions so that the contributions are credited to individual’s member account in respective Accounting system on a monthly basis.
• Post contributions into the Accounting information system
• Maintain and update RBS member register
• Coordinate member education sessions and related activities.
• Coordinate and provide administrative support during the RBS Trustee’s meeting with the Fund Managers to assess the investment status

2. Post and reconcile all RBS transactions in order to enhance accountability and value – for-money on RBS Investments
• Post the various investments to the accounting information system on a monthly basis
• Conduct monthly bank reconciliations to align fund manager, the custodian and principal office transactions
• Make follow ups with fund manager and custodian for any inconsistences that may arise during transaction posting and reconciliation

3. Process payment of staff retirement package in order to facilitate their smooth transition from active employment to retirement.
• Upon receipt of exit notice, engage the beneficiary to fill RBS Claim Form.
• Compute the accrued benefits including interest to members and process payments to service providers and submit to line supervisor for review
• Upload payments to the banking system upon approval for further processing
• Post all RBS payments to the accounting information system
• Reconcile member accounts to determine under or over payments in order to enhance accuracy in the payment process.
• File the payment vouchers for safety and future reference.

Qualifications
PERSON SPECIFICATIONS
Essential Requirements
• An Honor’s Bachelor’s degree or its equivalency in Finance, Accounting, Commerce or any business-related course from a recognized academic institution.
• At least two (02) years of experience as a Retirement Benefits Administrator with a reputable organization or equivalent duties with another retirement/benefits firm.
• An impeccable record of integrity

Desirable Requirements
• Professional Qualification in any of the following: ACCA, CPA, CIMA, CFA – At least at Level II
• Previous experience in a defined contribution scheme in a public agency or retirement fund

Knowledge
• Knowledge of the Pension Governance and operations
• Knowledge of Pension Laws and Regulatory Frameworks of Uganda
• Knowledge in the operations of Capital Markets
• Knowledge of Tax Laws

SPECIAL SKILLS AND ATTRIBUTES
• Ability to influence and negotiate with service providers and management
• Ability to work within a team
• Ability to effectively communicate, both orally and in a written form
• Conceptual and analytical capability
• Good Interpersonal skills
• Self-drive and a passion for timely results
• Ability to work on own initiative and keep to tight deadlines


Work Hours: 8

Experience in Months: 24

Level of Education: Bachelor Degree

Job application procedure

Interested and qualified, Click here to apply.


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