Category: Product Management - OF4302
Posted by: Alexander Forbes
Posted on: 02 Sep 2024
Closing date: 28 Feb 2025
Location: Sandton
Purpose Of The Job
Drafting and checking special rules in line with the legislative framework; negotiate with regulators and clients with regard to outstanding and problematic submissions and ensuring registration/approval of the rules with the regulator; and managing and developing staff reporting directly or indirectly to the role.
Overview
Level Summary
- Understanding and applying relevant legal requirements specifically in the drafting of rules.
- Keep abreast of new legislation, both in South Africa.
- Providing holistic solutions to internal and external clients with regards to fund.
- Interact and maintain good relations with consulting platform and installations team.
- Comply with company policies and procedures of the business.
- Provide documentation that is clear, unambiguous and in line with the legislative requirements.
- Providing Support to Consultants
- Receiving task through the departmental workflow.
- Seeking clarification/ further information from Consultant(s) to ensure that clients expectations as well as all legal requirements are met.
- Complete drafts accurately 1st time and within the prescribed time frames.
- Also check drafts from other drafting team members
- Understanding the legal framework, the requirements of the regulator, AF Administrative practices, and AF Consulting advice to ensure drafting meets all requirements.
- Responding to the regulators queries and demonstrating an understanding of the legal framework.
- Ensure End to End drafting process is completed, that is, complete drafting, obtain signatures, submission to the regulator and obtain registration/approval of the rules.
- Update and maintain workflow records.
Drafting Rules
- Understanding the legal framework, regulators requirements, AF Administrative practices and AF Consulting advice to ensure drafting meets all requirements.
- Liaising with consultants and the regulator to ensure successful resolution of queries.
- Complete all allocated drafting requests within the target date.
- Update the workflow system on progress for the task.
- Asses drafting requests and allocate to the appropriate team member administration
- Minimum 2 years experience in Employee Benefits
- Minimum 5 years experience as a Rules Drafter
- Understanding the Retirement Funds legal framework
- Intermediate knowledge of MS Word
- Extensive knowledge about Retirement Funds
- Advance knowledge of legislation impacting Retirement Funds
- Business Acumen: Understands how the Umbrella business operates, what the key issues and risks are, and what drives business success.
- Client/Stakeholder Commitment: Anticipates, meets and exceeds client's needs by creating long lasting relationships that support the client value proposition, supports their financial wellness and ensures client centricity
- Drive for Results: Drive a sense of urgency, focus, accountability, agility and execution to deliver business results
- Leads Change and Innovation: Actively leads change, does what is right for the business and drives continuous improvement through innovation
- Motivating and Inspiring Team and colleagues: Creates and maintains an open, positive working environment by generating commitment, building trust, a shared sense of purpose, and empowerment in others and encouraging them to contribute to the best of their ability
- Strategic Thinking: Create, reviews and monitors a competitive solution with breakthrough strategies to drive short term profitability and long-term business growth.
