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Evidence Guide: FNSSUP404 - Establish and customise employer accounts

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

FNSSUP404 - Establish and customise employer accounts

What evidence can you provide to prove your understanding of each of the following citeria?

Obtain information for new employer records

  1. Obtain comprehensive briefing of details for new employer record from field representative or employer relationship manager
  2. Check information for completion, accuracy, inconsistencies and authenticity
  3. Obtain further details from fund representative or employer, as required
Obtain comprehensive briefing of details for new employer record from field representative or employer relationship manager

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Check information for completion, accuracy, inconsistencies and authenticity

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Obtain further details from fund representative or employer, as required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Set up new file for employer

  1. Enter data accurately into organisational information system
  2. Activate new employer file, following organisational procedures
  3. Establish employer contribution mechanism, including processes for communication and financial transactions
  4. Enter details of schedules, exceptions, rules, insurance details and categories
Enter data accurately into organisational information system

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Activate new employer file, following organisational procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish employer contribution mechanism, including processes for communication and financial transactions

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Enter details of schedules, exceptions, rules, insurance details and categories

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Set up account systems

  1. Set up insurance arrangements as required
  2. Enter details of account options
  3. Establish facility for bulk load transfers if required
Set up insurance arrangements as required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Enter details of account options

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish facility for bulk load transfers if required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implement quality assurance procedures

  1. Follow organisational procedures to ensure work is completed accurately
  2. Establish employer details and maintain in accordance with organisational requirements
  3. Check data entry according to organisational procedures
Follow organisational procedures to ensure work is completed accurately

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish employer details and maintain in accordance with organisational requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Check data entry according to organisational procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Obtain information for new employer records

1.1 Obtain comprehensive briefing of details for new employer record from field representative or employer relationship manager

1.2 Check information for completion, accuracy, inconsistencies and authenticity

1.3 Obtain further details from fund representative or employer, as required

2. Set up new file for employer

2.1 Enter data accurately into organisational information system

2.2 Activate new employer file, following organisational procedures

2.3 Establish employer contribution mechanism, including processes for communication and financial transactions

2.4 Enter details of schedules, exceptions, rules, insurance details and categories

3. Set up account systems

3.1 Set up insurance arrangements as required

3.2 Enter details of account options

3.3 Establish facility for bulk load transfers if required

4. Implement quality assurance procedures

4.1 Follow organisational procedures to ensure work is completed accurately

4.2 Establish employer details and maintain in accordance with organisational requirements

4.3 Check data entry according to organisational procedures

Required Skills and Knowledge

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Obtain information for new employer records

1.1 Obtain comprehensive briefing of details for new employer record from field representative or employer relationship manager

1.2 Check information for completion, accuracy, inconsistencies and authenticity

1.3 Obtain further details from fund representative or employer, as required

2. Set up new file for employer

2.1 Enter data accurately into organisational information system

2.2 Activate new employer file, following organisational procedures

2.3 Establish employer contribution mechanism, including processes for communication and financial transactions

2.4 Enter details of schedules, exceptions, rules, insurance details and categories

3. Set up account systems

3.1 Set up insurance arrangements as required

3.2 Enter details of account options

3.3 Establish facility for bulk load transfers if required

4. Implement quality assurance procedures

4.1 Follow organisational procedures to ensure work is completed accurately

4.2 Establish employer details and maintain in accordance with organisational requirements

4.3 Check data entry according to organisational procedures

Evidence of the ability to:

obtain information for new employer records by using organisational information systems

set up account systems and establish information needs

follow organisational procedures and regulatory requirements to ensure work is completed correctly and accurately

source required information and understand the consequences of incorrect employer documentation.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

To complete the unit requirements safely and effectively, the individual must:

describe the key organisational policy, procedures, guidelines and information, documentation and communication systems relevant to employer accounts

describe required information to establish a comprehensive employer profile

outline the key steps in procedures for establishing transaction systems

identify and describe the information requirements for establishing vesting arrangements, non-preserved money fund options and insurance arrangements

describe the key obligations of privacy legislation in undertaking this work.