Details
- Closing Date: 2025/11/28
- Reference Number: MMH251112-7
- Job Title: Principal Officer
- Position Type: Temporary
- Role Family: Client Services
- Location – Country: Lesotho
- Location – Town/City: Maseru
Introduction
An opportunity exists within Metropolitan sponsored Pension and Provident Funds. We are currently looking for a dynamic and self motivated individual in the position of Principal Officer in Lesotho. The incumbent will report directly to the Board of Trustees.
Disclaimer: As an applicant, please verify the legitimacy of this job advert on our company career page.
Role Purpose
To act as a Compliance Officer and excecutive link between the Sponsor, Board of Trustees, Members, the Regulator and participating Employers, through the operational execution of the Metropolitan sponsored fund activities.
Requirements
- BCom Law; or LLB. A PGDip in Financial Planning or Pension Law will be an added advantage.
OR - A Certificate in Pension Fund Regulatory with 5 years’ experience in retirement fund industry specially in consulting or product development experience.
Duties & Responsibilities
- To manage fund governance and risk management plan in which the functions and duties of the Board of Trustees are recorded and monitored.
- To ensure development of the rules and prospectus of the fund and guarantee their dissemination to members and prospective members.
- To provide advice to the trustees on policies and procedures.
- To ensure that investment contributions received from employers are invested not later than the first business day following the day on which the fund received the contribution according to the fund’s investment policy.
- To ensure that financial statements of the funds are prepared and audited annually.
- To ensure that the amounts remitted by employers reconcile with the schedule of contributions expected from the employers.
- To timeously process member contributions remitted by the employers, prepare and maintain a schedule illustrative of the remittances.
- To effect lawful deduction from members’ contributions in accordance with section 33 of the Pension Fund Act.
- To establish and maintain an annual calendar for Board of Trustees meetings and monitor implementation thereof.
- To attend all meetings of the Board of Trustees and perform secretarial functions that enable the Board of Trustees to perform their duties and provide them with adequate resources.
- To ensure that the Board of Trustees make decisions that are in unison with the national regulatory framework and fund rules.
- To execute instructions of the Board of Trustees.
- To ensure that the operations of the funds are in tandem with the objectives, fund rules and national regulatory framework.
- To oversee the distribution of the members’ periodic communication and annual benefit statements and or retirement benefit book.
Competencies
- Attention to detail
- Eager to learn and support a busy department with diverse areas of practice
- High sense of discretion and urgency
- Multi-tasking in fast paced, deadline driven environment
- Excellent written and verbal communication skills
- Solution-focused, takes initiative to ensure self and team work e?ectively within established guidelines and timeframes
- Understanding of actuarial processes and their impact on fund liabilities and investment strategies
- Effective communication with participating employers, members, regulators, and administrators
- Strong organizational, time-management and analytical skills
- Strong interpersonal skills with ability to build e?ective working relationships with internal and external stakeholders
- Contributes to the formulation of investment strategies, asset mandates, and governance frameworks
- Effective leader who motivates and engages others through fostering a collaborative team environment