Job Description

The successful candidate will be responsible for the following key performance areas:

• Perform pension administration duties, including retirement benefits counselling, processing of claims, in accordance with retirement fund legislation, regulations, rules and relevant policies.

• Prepare and provide information within a defined context to enable effective decision-making by trustees and other relevant stakeholders.

• Perform general administration, including preparation of payment instructions, data capturing and record-keeping, ensuring the smooth running of the section’s operations.

• Engage with members of the SARB Retirement Fund and other stakeholders, demonstrating a service- oriented approach and the ability to gather, communicate and explain information fluently.

• Proactively broaden knowledge of pension administration, displaying willingness to make improvements in own work (including methods and practices).

• Evaluate own performance against given criteria, identify and address task specific learning needs.

• Perform work independently within established practices, given processes, rules and regulations, ensuring compliance with standards, policies and other guidelines in executing own tasks.

To be considered for this position, candidates must be in possession of:

• a National Diploma or an Advanced Certificate (NQF 6) in Financial Management or an equivalent qualification in a related field; and

• one to two years’ experience in a financial services environment, specifically in pensions administration.

Additional requirements include:

• industry, organisational and business awareness;

• quality assurance;

• continuous improvement;

• continuous learning and/or professional development;

• taxation;

• pension administration;

• function-specific performance management;

• function-specific information systems;

• effective communication;

• flexibility;

• drive for results;

• teamwork;

• service and stakeholder;

• building and maintaining relationships;

• analysis and problem-solving;

• resilience;

• client orientation; and

• attention to detail.

About SARB

Primary mandate of the SARB

Section 224 of the Constitution of South Africa states the mandate of the SARB as follows:

The primary object of the South African Reserve Bank is to protect the value of the currency in the interest of balanced and sustainable economic growth in the Republic.

The South African Reserve Bank, in support of its primary objective, must perform its functions independently and without fear, favour or prejudice.

WHAT WE DO

Monetary Policy

The Constitution gives the SARB the mandate to protect the value of the rand. We use interest rates to keep inflation low and steady.

Financial Stability

The SARB has a mandate to protect and enhance financial stability. We identify and mitigate systemic risks that might disrupt the financial system.

Prudential Regulation

The Prudential Authority regulates financial institutions and market infrastructures to promote and enhance their safety and soundness, and support financial stability.

Financial Markets

Open market operations are the main tool we use to implement monetary policy. We manage South Africa’s gold and foreign exchange reserves.

Financial Surveillance

The SARB is responsible for regulating cross-border transactions, preventing the abuse of the financial system and supporting the regulation of financial institutions.

Payments and Settlements

The SARB is responsible for ensuring the safety and soundness of the national payment system, which is the backbone of South Africa’s modern financial system.

Statistics

The SARB provides important economic and financial statistics that present an overview of the economic situation in South Africa.

Research

Research conducted by the SARB focuses on economics, financial stability, banking and emerging trends in finance. Our research supports policy decision-making.

Banknotes and Coin

The SARB has the sole right to make, issue and destroy banknotes and coin in South Africa.