Disclaimer
The results obtained from these calculators are for general purposes only to illustrate the effect of compound interest and are not intended as a substitute for professional financial advice. Before making any financial decisions on the basis of these results, you will need to consult with an independent financial planner or accountant as well as consider whether the advice is suitable to meet your personal financial objectives and circumstances.
The actual performance of any investments will depend on future economic conditions, investment management, fees and taxation. Past performance is no guarantee of future performance and as a result of this, all the results are hypothetical and are NOT GUARANTEED.
Nambawan Super specifically disclaims any liability for any direct, indirect, incidental, consequential or special damages arising out of or in any way connected with the access to or use of these calculators. To the extent permitted by law, under no circumstances will Nambawan Super be liable for any loss or damage caused by a user's reliance on the information by using these calculators.
Assumptions
Projected super balance at retirement:
The projected total super balance takes into account your starting balance, employee and employer contributions, any additional voluntary contributions as well as interest earned between now and your retirement.
Retirement age:
We have assumed a default retirement age of 65. This can be adjusted in the calculator.
Working life:
The calculator assumes that you will have a continuous working life with no breaks up to your retirement age.
Interest rate:
The default investment returns have been set at 6.0%. This is based on the Nambawan Super 10-year average interest rate.
Employee contributions:
PNG Superannuation laws dictate that 6% is the mandatory minimum contribution for employees to make. Employees may choose to contribute more than the minimum.
Employer contributions:
PNG Superannuation laws dictate that 8.4% is the mandatory minimum contribution that employers have to make. Employers may choose to contribute more than the minimum.
Job Posted: 15 November 2024
Nambawan Super Limited (NSL) is currently seeking to recruit a suitably qualified, experienced individual for the position of Assistant Internal Auditor within the Internal Audit Department based at Nambawan Super Limited (NSL) Head Office, Port Moresby.
The position reports to the Manager Internal Audit. The incumbent will assist operational efficiency of the Audit & Risk Department by carrying out programs to report on adequacy of internal control systems and adherence to procedural requirements.
If you are an enthusiastic and organised individual who is able to work in teams and deliver according to expected results, this is a great opportunity to join PNG’s leading Superannuation Fund.
Key responsibilities include:
- Assist with specific request on investigations and reviews.
- Assist with Internal Audit Projects in line with annual plans.
- Provide administrative support to the division.
- Periodic review of adequacy and effectiveness of internal controls.
- Keep track of internal audit reports and ensure corrective action is taken.
Minimum Requirements:
- Degree in Accounting/ Finance/ Business Studies.
- Minimum 2 years of experience in similar position.
- CPA PNG or IIA membership would be an advantage.
- Sound understanding of Accounting/Finance, Banking, and Internal Audit Standards in evolution of business processes/areas/ functions.
- Knowledge of Superannuation would be an advantage.
- Proficient in Computer Software.
- Proven experience in Internal Auditing.
- Good Analytical Skills.
Why join Nambawan Super?
It’s an exciting time to join Nambawan Super, as the Fund continues to invest heavily in new technology and innovation as part of its commitment to transform and improve our Member experience. We also offer excellent remuneration, commensurate with skills and experience.
To apply for the position, please submit a cover letter outlining why you are suitable for the position, and your resume with experience and qualifications. Please email your application & credentials including 3 current referees to recruitment@nambawansuper.com.pg
Applications Close on Friday, 29 November 2024.
NOTE: Only shortlisted candidates will be contacted for an interview.
“Nambawan Super is an equal opportunity employer and offers attractive salary package commensurate with qualification and experience”.
