Job Description

Job Summary
Our Client in the Financial Planning Industry is seeking to employ a Financial Administrator - Commissions to their team based in Sandhurst, Sandton.
Finance graduates and students are encouraged to apply.
A awesome career opportunity awaits!
Requirements:

• Post Grade 12 qualification.
• A tertiary qualification in a related field is advantageous.
• 2-3 years of experience in an Operations and Client Services environment, or a similarly pressurized setting.
• 2-3 years of experience in handling commission or fee processes and payments.
• Exposure to financial processes, including invoicing and payments.
• Valid driver's license and own vehicle.

Responsibilities, but not limited to:
Operational Support (10%)

• Provide general office management support, including reception duties and facilities coordination.
• Assist with the ordering of stationery and office refreshments for all offices.
• Monitor and manage central email accounts for incoming requests and communications.
• Receive, validate, and process daily client withdrawal requests from cash management accounts.
• Assist with the daily opening of new client cash management accounts in accordance with business processes.

Commission Management (75%)

• Collaborate with the Finance and Management Information Systems (MIS) reporting teams.
• Maintain the employee database on the commission management system.
• Monitor and reconcile daily bank statements related to commission and fee deposits.
• Receive and process commission statements from individual product providers based on daily deposits.
• Create and process manual commission payments, such as referral business or direct client payments for professional services.
• Manage queries with product providers regarding commission file layouts and specific commission issues on behalf of internal stakeholders.
• Address and resolve internal commission-related queries received from regional staff and financial planners.
• Request and submit invoices and month-end statements to third parties when required.
• Manage suspense account entries in line with internal business procedures.
• Distribute total fees or commissions held in suspense for financial professionals who have exited the organization.
• Prepare monthly reconciliation packs for submission to the Finance department.

Other Duties (5%)

• Actively contribute to team initiatives and employee engagement activities.
• Provide collaborative support to colleagues in their areas of responsibility when needed.
• Comply with business values, policies, and procedures, and contribute to their ongoing development and improvement.
• Promote and support diversity and inclusion in all aspects of work.
• Carry out any other duties as may be reasonably assigned from time to time.

Please note that should you not receive a response within 2 weeks of applying, you may consider your application unsuccessful.
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