Senior Manager - Pensions Administration

Job Summary
The incumbent will be responsible for the development, generation and co-ordination of new business from identified target markets; to grow the total portfolio of funds under administration as well as to grow and diversify the client base with main focus on the Pensions Plans of First Citizens Trustee Services Limited. He/She will also be responsible for management, maintenance and servicing of existing pension plans and the overall profitability and operational performance of the Pensions Department. 

 

Key Duties and Responsibilities

  • Manages the trusteeship duties for the pension plans
  • Oversees any changes to the Trust Deed and Rules of the pension plans after carrying out Benefit improvements costing calculations where necessary
  • Provides advice to clients with respect to the results of actuarial costings and on the implementation of agreed funding strategies and other recommendations
  • Ensures preparation of the financial statements to be audited and submitted within statutory timelines 
  • Responsible for marketing and generating new business for the pension plans
  • Identifies strategic partners and maintains strategic alliances as well as builds and maintains relationships with clients, pension plans’ management committees, actuaries, auditors, regulators, attorneys and administrators
  • Ensures that the Department acts in compliance with pension Laws
  • Manages the budget for section/area and account for variances for the efficient and professional operation of the Department
  • Implements appropriate cost controls measures to ensure compliance to budgeted figures 
  • Manages human resources necessary for the efficient and professional operation of the Department
  • Challenges existing processes and approaches and provides innovative suggestions that improves operational efficiency, effectiveness, internal controls and customer service
  • Performs all other duties, assignments and special projects as assigned by the Board of Directors and Senior Management relative to the function

 

Qualifications and Experience

  • Candidates must possess a Bachelor’s Degree in Finance, Accounting, Actuarial or in a Business related field from a reputable University or other professional qualification from a recognized professional body eg. CFA, CIMA, ACCA and seven (7) years progressive experience in Banking, at least five (5) of which must be at a Managerial Level 
  • OR Executive Diploma\Diploma and ten (10) years progressive experience in banking, at least seven (7) of which must be at a Managerial Level 
  • OR GMDP Certificate and twelve (12) years progressive experience in banking, at least ten (10) of which must be at a Managerial Level 
  • The ideal candidate must possess strong skills in Actuarial/Financial Mathematics and Statistics, knowledge of Pension Legislation as well as strong Accounting and Auditing knowledge 

 

Reference
VAC-6847
Employer
First Citizens Trinidad and Tobago
Hours
Employment Type
Salary and benefits
Salary and benefits info not provided.
Salary
Salary negotiable
Your Career Level
Senior Career
Years Experience
Seven (7) years'
Your Education Level
Bachelor's Degree|in Finance
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