The Pension Scheme Fund Accountant is responsible for ensuring effective administration, financial management, and regulatory compliance of pension schemes in line with statutory and company requirements. The role involves managing client onboarding, maintaining accurate member records and scheme data, processing contract endorsements, and supporting the preparation of financial statements, valuations, and scheme reports. The position also ensures timely filing of regulatory returns, tax obligations, and RBA levies, while maintaining the integrity of scheme transactions and documentation. Additionally, the role supports trustees through financial reporting, audit coordination, and participation in Board of Trustees meetings and AGMs.
Principal Accountabilities
Compliance: Ensure compliance of the pension schemes in line with both statutory and company policies.
Onboarding: Ensure onboarding of new clients and sponsors within stipulated timelines and as per company compliance requirements; ensure timely delivery of policy documents and deed of adherence to customers within set Turnaround Times (TATs).
Contract Management: Process endorsement change requests to insurance contracts while adhering to set procedures and guidelines.
Data Integrity: Facilitate continuous data clean-up of clients’ personal information and ensure customer data quality through validation and verification during onboarding.
Governance: Present audited scheme accounts during clients’ Board of Trustee meetings and Annual General Meetings (AGMs).
Financial Reporting: Assist in the preparation of Deposit Administration monthly valuation data and the preparation/filing of Scheme Financial Statements.
Tax & Regulatory Filings: Prepare and file income tax returns and Retirement Benefits Authority (RBA) levies within stipulated deadlines. File scheme returns of contributions and investment returns with the RBA.
Financial Maintenance: Maintain and manage the integrity of all scheme transactions, documentary support, and maintenance of scheme fund statements.
Reconciliations: Carry out regular Pension account reconciliations of members and scheme balances.
Minimum Qualifications, Knowledge, and Experience
Bachelor’s degree in Accounting, Finance, or a related field.
Professional qualification: CPA, ACCA, or equivalent (specialized pension training is an added advantage).
At least 5 years of relevant experience in fund accounting or pension administration.
In-depth knowledge of RBA Regulations and Pension Taxation Law.
Proficiency in MS Excel and accounting systems (e.g., Microsoft Dynamics 365, SAP).
Skills and Competencies
Strong analytical skills.
Problem-solving skills.
High level of competence in financial data management.
