Pension Officer at Dry Associates Investment Bank

esponsibilities:

• The Pension position is responsible for assisting in the efficient and profitable management of the Pensions Department. This requires the establishment and maintenance of department policies and procedures and expanding pension services as a growing practice for Dry Associates Ltd.

More specifically, the Pension shall be responsible for:

• Ensuring the department meets all regulatory requirements of the Retirement Benefits Authority (RBA)
• Ensuring professional and cordial relationships with Trustees, Custodians and Administrators and Actuaries of existing and new Dry Associates pension schemes are maintained
• Establishing a structured roll out of pension services to new clients through an active Marketing Plan that targets institutional and retail clients:
• Ensuring that marketing materials such as PowerPoint presentations and marketing materials (fact sheets) are current and useful
• Establishing an active marketing program that continually contacts organizations without pension schemes
• The outreach part of the marketing plan should target making five (5) phone calls per day to decision makers in organizations to discuss DAL’s pension services
• The outreach effort should also include making one (1) meeting per week where a presentation is made to a prospective organization/client
• Providing investment advice to the Investment Committee which directs the purchase and sale of investments for existing pension schemes

Reporting Relationship

The Pension shall report to the General Manager.

Duties

The duties of the Pension flow from the above responsibilities and are varied but include the following:

• Monitor inflows and outflows of the pension fund(s)
• Training Sales team members on pension products
• Attending sales presentations with sales team members
• Conduct shadow administration duties at the direction of the General Manager.
• Attending and representing Dry Associates at official regulatory functions as well as ad hoc and formal meetings such as AGMs where presentations are required
• Establishing an active Visitation Schedule with Trustees, Custodians and Administrators to ensure close professional cooperation with these licensees
• Preparing proposals to respond to formal Requests for Proposals (RFPs) and Investment Policy Statements (IPSs) with the approval of the general manager.
• Preparing Investment Policy Statements (IPSs) for existing and new pension clients and maintaining a register allowing Dry Associates to advise clients when to renew IPSs
• Meeting with the General Manager on a regular basis to get input and approval for marketing plans to expand pension fund services to more organizations and individuals
• Working with the research department maintaining an active research program to provide advice to members of the Investment Committee on suitable investments in equity, debt and property
• Ensuring that the minutes, purchase/sale transactions, and other directives of the Investment Committee are prepared and executed at the direction of the General Manager
• Ensuring custodian executes instructions given by the general manager

The Pension performance shall be evaluated on the following accountabilities:

• Meeting all regulatory requirements to maintain Dry Associates’ pension fund license in good order
• Maintaining a professional and cordial working relationship for department personnel within Dry Associates
• Establishing and implementing an active marketing program which requires meeting with prospective clients on a regular and continuing basis.
• Expanding the department’s Assets under Management by at least 25% per annum. Increasing the pension department’s billings by at least 25% per annum.