Pension Administration Manager

Vanguard Life Assurance (VLA) Company Limited is a fast growing locally registered financial services company which started its operations on 1st January 2001. Its line of business is the provision of financial security through Life Assurance investment solutions and other related financial services. It also has a subsidiary, Vanguard Pension Services Company Limited, which champions reputable administration of pensions.

We have job opportunities in our both Companies and, therefore, seek to recruit suitably qualified and experienced candidates for the following positions tenable at the head office in Blantyre:

Position: Pension Administration Manager (1 position)
Reporting to: Head of Vanguard Pension Services Company
Direct Subordinate: Assistant Manager – Pension Administration
Contract Type: Full Time
Location: Blantyre

Position Overview:
The incumbent shall be required to efficiently and effectively manage business operations in Pension Services Company to ensure that all set standards are achieved.

Responsibilities and Duties:

• Formulate and implement strategy for Pensions Administration Process new business
• Manage pension services.

• Manage claims and alterations
• Contribute to accounting e.g. budgeting, reconcile contributions, and compile agent commission statements.
• Manage payments, including premiums.
• Manage pension’s IT System – Fundworx
• Settle claims
• Manage annual revisions
• Ensure verification of cata to be supplied to the Actuaries, including ensuring that year end requirements are submitted to ZAC for group Valuation Manage preparation of policy statements of accounts
• Liaise with Head of VPSC to ensure work manuals and checklists are designed for the department
• Ensure reports are compiled as required by legislation and Management,
• Manage general correspondence and queries
• Champion performance management system for the subsidiary.
• Ensure that the fee structure is reviewed and remains CPI linked.
• Review rates and set up viable free cover limits so that they continue giving value to both the Company and clients
• Manage human resource for the subsidiary.

Required skills and Attributes:
The job requires a highly energetic and self motivated individual with remarkable marketing and administrative skills.

Required Qualifications:

• A relevant first degree in Insurance and Risk, Marketing Management, or Finance
• At least 10 years working experience in the Insurance Sector with speciality in Pension Funds Administration, with at least 5 years in a managerial position.
• Advanced Computer Skills in Microsoft Excel and Pension Administration Systems
• A clean Class B Driver’s License.

Qualified and interested candidates should apply to the address below, enclosing copies of relevant academic and professional certificates, and curriculum vitae indicating three names of traceable referees with valid telephone numbers and email addresses. All applications must reach the addressee by close of business on Friday, 8th March 2024.

The Human Resources Officer
Vanguard Life Assurance Company Ltd
Old Air Malawi Building
Robins Road
P.O Box 1625
Blantyre
OR
Email: recruitment@vanguardlifemw.com

“Vanguard Life Assurance Company Limited is an equal opportunity employer, so, all qualified applicants will receive consideration for employment on merit without regard to race, colour, religion, gender, tribe, disability status, or any other characteristic protected by law.”