Job Opportunities in South Africa
September 13, 2024
BDO South Africa
FULL TIME
Employee Benefits Consultant
Primary Purpose of the Job
At BDO, we believe in investing in our people to help them grow, both professionally and personally. The foundation of our business is strong relationships, 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 and our client's unparalleled support.
BDO’s global organisation extends across 164 countries and territories, with 111,307 people working out of 1,803 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.
BDO South Africa has a vacancy for an Employee Benefits Consultant in our Cape Town offices, reporting to the Director of Employee Benefits.
Main Duties and Responsibilities:
Key Performance Areas:
Annual Review of scheme benefits
Board of Management Meetings
Acquaint oneself with relevant legislation i.e. Pension Funds Act, Taxation, FAIS Act etc.
At BDO, we believe in investing in our people to help them grow, both professionally and personally. The foundation of our business is strong relationships, 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 and our client's unparalleled support.
BDO’s global organisation extends across 164 countries and territories, with 111,307 people working out of 1,803 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.
BDO South Africa has a vacancy for an Employee Benefits Consultant in our Cape Town offices, reporting to the Director of Employee Benefits.
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
- 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
- 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
- Ensure member booklet is accurate
- Ensure accuracy of benefit statements
- One-on-one retirement planning & member education
- Drafting presentations and newsletters o delete
- 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
- 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
Acquaint oneself with relevant legislation i.e. Pension Funds Act, Taxation, FAIS Act etc.
Qualifications, Experience, Knowledge and Skills:
Qualifications:
Behavioural Competencies:
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
- 3 or more years consulting experience in Employee Benefits
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
- In line with BDO’S philosophy REACT
- Innovative positive and enquiring mindset
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