25.05.2024
Independent Trustee - Johannesburg
Recruiter: DAV
Johannesburg, Gauteng, South Africa (ZA)
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POSITIONIndependent Trustee (2 Vacancies)LOCATIONGauteng, South AfricanSALARYMarket-RelatedSUMMARYOur client Engineering Industries Pension Fund (EIPF) and Metal Industries Provident Fund (MIPF) wishes to appoint 2 Independent Trustees to serve on the Board of Trustees of the Engineering Industries Pension Fund and Meal Industries Provident Fund.Engineering Industries Pension Fund and Metal Industries Provident Fund (“Funds”) hereby invite applications from suitably qualified candidates who are interested in serving as Independent Trustees on the Engineering Industries Pension Fund and Metal Industries Provident Fund Board of Trustees. RESPONSIBILITIESMust demonstrate and be able to communicate an understanding, knowledge of and experience in the latest developments in the retirement funds and financial services sector.Must demonstrate high-level competence and skills in problem-solving, communication and ability to understand complex fund matters.Must demonstrate the capacity to devote the required time to fund business and meetings.Must demonstrate an intricate understanding of the requirements of managing, controlling and overseeing the operations of a retirement fund.Will be able to provide sufficient time, expertise and resources to the fund at the cost agreed to by the current Board and continue to do so for so long as the person remains a member of the board. MINIMUM REQUIREMENTSBachelor’s degree or equivalent (NQF level 7) in Finance, Investments, Commerce or Law.Knowledge of the Pension Fund Act, Income Tax Act, FICA, and other relevantMust have at least five years of direct experience in the retirement funds industry at a seniorMust have completed the latest 2024 FSCA Trustee Toolkit and started Phase II.He/she is free from any relationships that could, in the opinion of a reasonable and informed external party, be considered as something that would affect his/her ability to perform functions following section 7C(2) of the Pension Fund Act.He/she has not, in the previous ten years, been expelled from any professional body of which he or she was a member, or which was entitled to exercise disciplinary powers over him or her.He/she must be independent of all and any parties to the Funds, the administrators and the participating employers/members.He/she has not been employed by or derived any income from the Funds in the last five (5) years.Has not been convicted of any offence involving dishonesty, theft, fraud, forgery, issuing a forged document, misrepresentation, and/ or breach of any fiduciary duty.Independent Trustees are not contracted as consultants or service providers to the fund of which they are trustees.A cover letter explaining their suitability for and value-add to the role.A comprehensive curriculumContactable character references from at least two persons who you have worked for (Please ensure as part of POPIA – that you have their contact/reference permission).Certified copies of all qualifications (Within the last 3 months).Certified (Within the last 3 months) copy of the completion of the latest Financial Sector Conduct Authority (“FSCA”) Trustee
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