GIPF is an equal opportunity employer and complies with the Affirmative Action Legislation. Persons from previously disadvantaged groups meeting the requirements are encouraged to apply.

Head: Annuity Payroll


Department:          Operations

Station:                  Windhoek

Reports to: Manager Annuities

Purpose of the Job:

  • To provide oversight and maintain an effective payroll reconciliation process of all pensioners and other beneficiaries to receive monthly pensions.

Key Performance Areas:

  • Ensure data integrity, and completeness of data for actuarial valuation purposes, clean-ups and audits.
  • To ensure the accuracy of payments, approved deductions, overpayment detections, recoveries and tracking.
  • Provide appropriate reporting and analysis of information on payments and payroll runs and make necessary recommendations.
  • Ensure the process alignment with other interdependent business units and that all work conducted within the division is within service level and efficiency standards.
  • Develop payroll reconciliation processes, procedures and controls.
  • Control and reconcile annual PAYE of the annuitants.
  • Death after retirement and disability benefit administration.
  • Develops and enforces overpayment recovery procedures.
  • Provide payroll and payment administration services.
  • Prepare monthly payroll and reconciliation reports.
  • Liaise with finance and maintain unpaid or rejected transaction schedules.
  • Improve payroll/payment efficiencies and service levels.
  • Develop benefits payment operational processes and procedures.
  • Set benefits payments operational work standards and practices.
  • Prepare annually audit schedules and attend to audit queries.
  • Compliance and legal requirements.
  • Risk analysis and manage project.
  • Provide problem solving and troubleshooting services.
  • Assist with approval of annuity payments and audit of death after retirement claims for BAC.

Job-related qualifications and experience:

  • A degree in Accounting and Finance.
  • Minimum of five (5) years of accounting experience of which two (2) years should be on supervisory level.
  • Pension Fund industry would be an added advantage

The incumbent should have the following knowledge, skills, and Attributes:

Knowledge of:

Accounting software, business planning, processes and understanding, corporate governance, financial analysis and modelling, financial assessments and financial risk analysis, investment risk analysis, pension fund rules and regulation, product/services costing, relevant policies, procedures, legislation and rules, interpretation of financial statements, internal financial reporting standards, international accounting standards and generally accepted accounting practices.


Advising, analytical, budgeting, controlling ability, costing, detail problem solving, evaluation, feedback, financial, group problem solving, liaison, listening, management accounting, negotiation, networking, planning, presentation, project management, reconciliation, reporting writing, time management, written and oral communication

Personal Attributes:

Assertive, calm disposition, detail consciousness, confidentiality, constructive, figures oriented, independent worker and thinker, objectivity, patience, performance driven, reliable, stress management and transparent.



Closing Date: 23 July 2024