Career Opportunities: Pension Administrator (Retirement Scheme) (62026)

Requisition ID 62026 - Posted  - Jamaica - Employee Benefits - Job Posting Location(s) (1)

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"Looking for a diverse and rewarding career? If you're looking to grow your career within a stable and growing financial services company, then Sagicor may be right for you!"

Sagicor Employee Benefits Administrators Limited is seeking a suitable candidate to join our Pension Services team in the capacity of:

Pension Administrator- Retirement Scheme

Administration of the Sagicor Lifestyle Approved Retirement Scheme and other plans within the Retirement Scheme Unit.

Satisfy all servicing needs of corporate and individual clients.

Location: Kingston

As a Pension Administrator- Retirement Scheme, you will:

• Prepare all Annual Reports required by Sagicor Lifestyle Approved Retirement Scheme’s (ARS) Employer Groups as stipulated in their contracts.
• Prepare monthly reconciliation and solvency assessment for the Sagicor Lifestyle Approved Retirement Scheme.
• Prepare for filing with the FSC a list of the persons that sell or otherwise distribute the Scheme’s contract under the Scheme’s Master Trust Deed.
• Prepare and dispatch Annual ARS Member Statements.
• Prepare monthly reconciliation and reports for assigned Group Investment Term (GIT) Plans and ensure accrued interest is booked by Finance.
• Check and dispatch Benefit Statement on Change of Status to clients.
• Check and authorize payments upon receipt of completed benefit statements.
• Process interfund-fund transfers and change in new money investment allocation requests received either via My Sagicor or on Investment Mix Change Form.
• Process Member Portfolio Change on a monthly basis for members with the Default Investment Allocation.
• Prepare data for the Pensions Actuary to undertake valuations.
• Ensure that transfers are updated to the members’ account promptly.
• Reconcile transfers from EBA administered Approved Superannuation Funds against receipts into the Scheme and provide report to the ARS Manager monthly.
• Arrange and conduct meetings with companies within the Approved Retirement Scheme and conduct member communication sessions at least once annually.
• Ensure the timely posting of deposits to clients account.
• Collect employer contracts from Relationship Managers/Agents and circulate to Trustees for sign off.
• Dispatch copy of duly executed contract and welcome letter to the respective employers.
• Enrol members to the Scheme either individually or via the electronic demographic upload file.
• Update demographic and beneficiary information as required.
• Process monthly administrative fees and confirmation of units for the Approved Retirement Scheme
• Perform other job-related duties assigned from time to time.

What do you need?

• Bachelor’s Degree in Accounts, Economics, Mathematics, Actuarial Science or an equivalent qualification from a recognized tertiary institution.
• Experience as a Pension Administrator would be an asset.
• Sound knowledge of computer software packages including spreadsheet and word processing applications.
• Excellent communication skills.
• Excellent presentation skills.
• Excellent time management skills.
• Ability to understand and utilize pension specific software.
• Sound knowledge of the Pensions Act and Attendant Regulations and applicable sections of the Income Tax Act.

If this role is of interest to you, kindly submit an application via Sagicor's career portal no later than May 15, 2026.

While we appreciate all applications, only shortlisted candidates will be contacted.

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