Officer Retirement Benefits Scheme - (2400029) job at Uganda Revenue Authority (URA) | Apply Now

1.Provide custody to staff retirement benefits scheme documents and information in order to promote efficiency in processing payments and conducting of the scheme’s administrative work.

• Follow up with payroll unit to establish whether RBS deductions have been remitted to the RBS bank account

• Reconcile individual contributions so that the contributions are credited to individual’s member account in respective Accounting system on a monthly basis.

• Post contributions into the Accounting information system

• Maintain and update RBS member register

• Coordinate member education sessions and related activities.

• Coordinate and provide administrative support during the RBS Trustee’s meeting with the Fund Managers to assess the investment status

2. Post and reconcile all RBS transactions in order to enhance accountability and value – for-money on RBS Investments

• Post the various investments to the accounting information system on a monthly basis

• Conduct monthly bank reconciliations to align fund manager, the custodian and principal office transactions

• Make follow ups with fund manager and custodian for any inconsistences that may arise during transaction posting and reconciliation

3. Process payment of staff retirement package in order to facilitate their smooth transition from active employment to retirement.

• Upon receipt of exit notice, engage the beneficiary to fill RBS Claim Form.

• Compute the accrued benefits including interest to members and process payments to service providers and submit to line supervisor for review

• Upload payments to the banking system upon approval for further processing

• Post all RBS payments to the accounting information system

• Reconcile member accounts to determine under or over payments in order to enhance accuracy in the payment process.

• File the payment vouchers for safety and future reference.