Overview
Benefits Consultant Jobs in Johannesburg, South Africa at Bdo South Africa
Position: Employee Benefits Consultant
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 clients unparalleled support. BDO’s global organization extends across countries and territories, with people working out of offices worldwide – and we’re all working towards one goal: to provide our clients with exceptional service.
Our firms across the organization cooperate closely and comply with consistent operating principles and quality standards. BDO South Africa has a vacancy for an Employee Benefits Consultant in our Johannesburg office, reporting to the Director of Employee Benefits.
Key Performance Areas:
Annual review of scheme benefits
Advise clients on appropriate benefits in line with market and industry standards
Obtain quotes from the marketplace and conduct full costing and benefit analysis
Audit current benefits to specific industry standards, including costs
Processing of scheme installations and amendments within required SLAs
Maintain fund and risk rules
Ensure that risk and retirement data comply with rules
Obtain investment strategy documents
Prepare member communication
Submit to FSB
Create new entrant and existing client communication packs
Coordinate Board of Management meetings, including taking minutes and setting dates
Provide Board training as needed
Monitor and ensure risk benefits are structured correctly
Member communication on benefit changes
Monitor investment performance against benchmarks and costs
Ensure switch forms are correctly completed and processed
Maintain accurate member booklets and benefit statements
Conduct retirement planning and member education sessions
Draft presentations and newsletters
Manage daily client maintenance and service requests
Prepare and manage reports and documents
Follow up on queries and resolve client, member, and pensioner issues
Advise on employee benefits, risk, governance, compliance, investments, legislation, and upcoming changes
Maintain best practices and performance standards
Engage in regular client interactions and effective communication
Perform ad-hoc tasks as required
Stay updated on industry innovations and technologies
Contribute to team efficiency and spirit
Develop knowledge of the employee benefits industry and investment matters
Familiarize with relevant legislation such as the Pension Funds Act, Taxation laws, FAIS Act, etc.
Qualifications:
RE5 and FSP approved licensed representative in categories:
Long Term, Retail Pension Benefits, Pension Funds Benefits, Collective Investment Schemes
CFP or similar qualifications / NQF level 5 minimum
Experience:
3 or more years consulting experience in Employee Benefits
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Title: Benefits Consultant
Company: Bdo South Africa
Location: Johannesburg, South Africa
Category: Business (Regulatory Compliance Specialist), Finance & Banking (Financial Consultant, Regulatory Compliance Specialist)
