The Ugandan Jobline

Job Title:      Assistant
Principal Pension Officer

Organisation: Makerere
University Retirement Benefits Scheme (MURBS)

Duty Station: Kampala,
Uganda

Reports to: Principal
Pension Officer

About US:

Makerere University
Retirement Benefits Scheme (MURBS) is a scheme for Makerere University staff.
MURBS was established under irrevocable trust with effect from 1st April 2009
and is licensed by the Uganda Retirement Benefits Regulatory Authority. The
Scheme was set up by Makerere University for the purpose of providing
retirement benefits to employee of Makerere University upon retirement from the
University. MURBS is governed by a Board of Trustees, which is the Scheme’s
supreme governing body. The relationship between the University and the Board
otTn1stees is enshrined under the Trust Deed and Scheme Rules (as amended 17
April 2015]. MURBS is committed to hiring and retaining qualified and competent
staff that have actual and tutu re potential to effectively and efficiently
perform their duties and responsibilities in accordance with MURBS‘s vision,
mission and strategic objectives.

Job Summary:  The Assistant Principal Pension Officer
(Finance and Investment) will provide high level support to the Principal
Pension Officer in all matters pertaining to the financial and investment
administration of the Scheme as outlined under the role of the PPO and MURBS Policy
documents..

Key Duties and Responsibilities:  

·       
Monitor
investments undertaken by the Fund Managers, monitor purchase and sell of bonds
and establish compliance with the Investment Policy Statement

·       
Use
independent methods to verify earnings and/or losses reported by Fund Managers
on bonds and shares and compare them with the figures reported by Fund Managers

·       
Prepare
financial reports and working papers arising from a) and b) above in a required
format from time to time

·       
Develop
and implement systems to manage, document and report on the Schemes inventory
assets such as Property

·       
Study
prevailing markets and advise Trustees on the appropriateness and applicability
of the Investment Policy Statement or changes that may be needed

·       
Establish,
verify: and maintain appropriate records in relation to custody operations

·       
Verify
member contributions and benefits payments made by the Scheme

·       
Assist
Trustees in carrying out due diligence when paying death benefits

·       
Prepare
financial projections to aid in the distribution of funds to the Fund Managers
and operational accounts of the Scheme

·       
Review
Benefits Statements of Members and make appropriate recommendations

·       
Track
Benefits Payment details of Members, notify members of their
Payments/Beneficiaries and maintain updated electronic and hard copy records

·       
Obtain
verify relevant records from the University Pension office to support the
payment of benefits to members/ Beneficiaries

·       
Track
Member queries to their resolution and assist in preparing written responses to
special inquiries

·       
Make
correct tax deductions, and supervise filing of URA returns and remittance to
the relevant authorities as required by Law Process Scheme payments

·       
Review
Scheme operational expenses and maintain an accurate journal of all the
expenses, as well as analyse budget reviews presented by the Administrator and
confirm their consistency with the Scheme expenditure and the predetermined
ratios

·       
Liaise
with the Administrator and facilitate Scheme accounting procedures where
necessary

·       
Prepare
and monitor Budgets, Cash flows, and liquidity requirements

·       
Liaise
with the Fund Managers and track Board resolutions pertaining to the Scheme
Funds

·       
Review
reports on custody: fund management, and benefits payment and flag any
irregularities for action in a timely manner

·       
Monitor
and track risk issues on regular basis and ensure continuous improvement in
operating procedures to avoid risks

·       
Coordinate
banking services provided to the Scheme and do bank reconciliations

·       
Work
with the Administrator to facilitate audits and compliance to standards

·       
Review
and verify the Asset Register

·       
Cash
cheques for the Scheme

·       
Prepare
payslips of staff.

·       
Write
cheques

·       
Administer
petty cash and maintain a petty cash book

·       
Prepare
Journal Vouchers in respect of cash payments

·       
Account
for all cash advances

·       
Perform
any other duties as assigned from time to time

·       
Take
minutes at Trustee meetings as delegated from time to time

Qualifications, Skills and Experience:

·       
The
applicant must hold a University degree in any of the following fields:
Investment Analysis, Management: Commerce, Finance: Insurance, Pension
Management and Administration: Statistics, Economics, Mathematics.

·       
Hold a
postgraduate qualifications in any of the mentioned fields.

·       
A
minimum of three years of experience in finance or investment management with at
least 2 years in investment management.

·       
Knowledge
of pension administration will be an added advantage.

·       
Good
knowledge of the principles and practices of fund management; good
understanding of accounting methods and procedures; highly analytical person
with attention to detail.

How to Apply:

All candidates
should submit an application letter, signed curriculum vitae (with names and
addresses of at least two referees), and copies of relevant academic!
professional certificates to the address below;

Attention: Principal
Pension Officer

Makerere University
Retirement Benefits Scheme

P.0. Box 7827,
Kampala

Lincoln Flats B4
Makerere University

Email:
info@murbs.mak.ac.ug

Deadline: 29^th June 2020 by 2:00pm

For more of the
latest jobs, please visit https://www.theugandanjobline.com or
find us on our Facebook page https://www.facebook.com/UgandanJobline

Related Jobs