Trust Interest Portfolio Officer

3 weeks ago

Cape Town, South Africa SD Consult Full time

To maximize trust interest revenue to the Fund by identifying opportunities and engaging with legal

practitioners and stakeholders, implementing and monitoring revenue projects and ensuring that the

Investment and Trust Interest Department adheres to the policies and procedures of the Fund

**Key Performance Areas**

1. **REVENUE**

**1.1 Trust Interest Revenue Maximization: Section 86 (2), (3) and (4)**
- Using management information systems to identify revenue maximizing opportunities
- Tracking and monitoring trust interest performance of each practice in the region in respect of trust interest income received and bank charges incurred by legal practitioners
- Tracking the utilization of section 86(3) accounts to maximize trust interest revenue for the Fund and growing same to a set target.
- Analyzing and reviewing the section 86(2), 86(3) and 86(4) monthly trust interest receipts and bank charges
- Assisting practitioners’ queries for non-compliance with section 86(2) and section 86(4)
- Making sound recommendations to improve the trust interest value chain
- Maintaining a database of value generated from interventions
- Remedying instances of non-compliance with preferential banking products
- Articulating and promoting benefits of trust interest maximization to practitioners
- Marketing the activities of the Fund to the legal profession
- Building sustainable relationships with internal and external stakeholders
- Responding to trust account queries timeously

**1.2** **Automated Monthly Transfer System (AMTS)**
- Facilitating and monitoring the migration of accounts to and from the AMTS environment within the region
- Increasing the participation of practitioners in the AMTS environment in the region
- Keeping a query tracking register for AMTS interventions
- Consolidating and monitoring the number of accounts, average balances, gross interest, and bank charges of legal practitioners and reporting on trends

**1.3 Unidentifiable/ Unclaimed Trust Money**
- Assisting practitioners’ queries of non-compliance with section 87(4)
- Tracking the receipts of unclaimed trust monies.

2**. CUSTOMER AND/OR STAKEHOLDER ENGAGEMENT**

**2.1 Customer satisfaction**
- Building and establishing complementary partnerships with legal practitioners, regional banks,
- The LPC Provincial Councils and other relevant stakeholders
- Engaging with the Top trust interest revenue contributors in the region
- Providing a link between auditors and legal practitioners and resolving issues that emerge from stakeholder engagements (The LPC, SAICA, IRBA, the LSSA and legal practitioners)
- Responding to queries relating to section 86(2) and section 86(3) trust accounts and keeping a query tracking register
- Responding to queries relating to section 86(4) trust investment accounts and section 86(5)(b) new revenue stream and keeping a query tracking register
- Demonstrating value created as a result of TIPO interventions

3**. ADMINISTRATION & REPORTING**

**3.1 General administration and process**
- Participating in the improvement of the trust interest value chain
- Identifying and mitigating emerging risks in the trust interest environment
- Identifying emerging trends from the field of work
- Providing input to the Joint Legal Practitioners and Accountants Committee and established task groups (e.g., the IRBA Legal Practitioners Trust accounts task group)
- Demonstrating value created because of interventions in the trust interest value chain
- Investment Executive key project reporting

**4. Behavioral Competencies**
- Must have high ethical standards in carrying out their work functions
- Must be able to stay objective at all times
- Must be a team player
- Must be able to keep confidential information
- Must be a person of integrity
- Commitment to continuous learning and an inquisitive mind
- Ability to work under pressure and with tight deadlines
- Tenacity
- Attention to detail
- Good organizational skills
- Excellent oral and written skills
- Excellent relationship building skills
- Report writing skills

**5. Qualifications & Work Experience**
- A commercial or legal related degree is essential
- A minimum of 3 years’ experience of business development in the financial and/or legal industries is essential
- An in-depth knowledge of banking products used in the legal practitioners’ environment is essential
- Computer literacy - Microsoft Office is essential
- Having a valid Code 8 driver’s license is essential

**Job Types**: Full-time, Permanent

**Salary**: R480,000.00 - R500,000.00 per year

Ability to commute/relocate:

- Cape Town, Western Cape: Reliably commute or planning to relocate before starting work (required)

  • Fixed Interest Portfolio Manager

    1 month ago

    Cape Town, South Africa Fund Manager Full time

    Vacancy Senior Analyst/Portfolio Manager - Fixed Interest As Senior Analyst/Portfolio Manager - Fixed Interest you be responsible for driving detailed credit research and manage select portfolios within the fixed income team. Monitor domestic and global situations, analyse their effect on investments to ensure the successful management of portfolios. You...

  • Fixed Interest Portfolio Manager

    2 weeks ago

    Cape Town, Western Cape, South Africa Fund Manager Full time

    VacancySenior Analyst/Portfolio Manager - Fixed InterestAs Senior Analyst/Portfolio Manager - Fixed Interest you be responsible for driving detailed credit research and manage select portfolios within the fixed income team. Monitor domestic and global situations, analyse their effect on investments to ensure the successful management of portfolios. You will...

  • Trust Officer

    3 weeks ago

    Cape Town, South Africa Nedbank Full time

    **Job Classification** - Job Family- Sales and Services - Career Stream- Fiduciary - Leadership Pipeline- Manage Self: Technical - FAIS Affected**Job Purpose** - To administer a portfolio of trusts, mainly testamentary, for the purpose of generating fees and leads as part of a full range of fiduciary services, in order to make Nedbank the great place to bank...

  • Trust Officer

    4 weeks ago

    Cape Town, South Africa Absa Bank Limited Full time

    Empowering Africa’s tomorrow, together one story at a time. - With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.Job Summary To...

  • Trust Officer

    3 weeks ago

    Cape Town, South Africa Absa Bank Limited Full time

    Empowering Africa’s tomorrow, together one story at a time. - With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.Job...

  • Unit Trust Administrator

    3 weeks ago

    Cape Town, South Africa RecruitAGraduate Full time

    **Job Information**: Job Opening ID ZR_1353_JOB Hours of work Full-time Industry Financial Services Location Type In Office Salary R17 000 - R25 000 Remuneration Term Per Month Province Western Cape City Cape Town Country South Africa - A client-focused trust and investment management company providing financial services is looking to fill the...

  • Trust Officer

    2 weeks ago

    Cape Town, Western Cape, South Africa Absa Bank Limited Full time

    Empowering Africa's tomorrow, together one story at a time. With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.Job SummaryTo...

  • Trust Officer

    2 weeks ago

    Cape Town, Western Cape, South Africa Absa Bank Limited Full time

    Empowering Africa's tomorrow, together one story at a time. With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.Job SummaryGeneral...

  • Property Portfolio Manager

    3 weeks ago

    Cape Town, South Africa Sandak Lewin Trust Full time

    Portfolio Manager spec SLT based in Cape Town City Center is currently looking for an experienced Portfolio Manager to join the team. This individual will have all forms of administration support and a solid portfolio of well-respected clients. Sandak-Lewin Property Trust (PTY) LTD is committed to transformation and redressing of past inequalities. Our...

  • Unit Trust Administrator

    2 weeks ago

    Cape Town, Western Cape, South Africa RecruitAGraduate Full time

    Job Information:Job Opening IDZR_1186_JOBHours of workFull-timeIndustryFinancial ServicesLocation TypeIn OfficeSalaryR R25 000Remuneration TermPer MonthProvinceWestern CapeCityCape TownCountrySouth Africa A clientfocused trust and investment management company providing financial services is looking to fill the position of a Unit Trust Administrator. This...

  • Reservations Agent The Royal Portfolio

    3 weeks ago

    Cape Town, South Africa The Royal Portfolio Full time

    The Trade Reservations Agent, at The Royal Portfolio's Cape Town Head Office, is generally the first point of contact for potential guests and tour operators. As such, it is important that they reflect the warmth and welcoming atmosphere guests have come to expect from our properties. They need to ensure that the hotel teams have as much detail about each...

  • Trust Officer Administrator

    3 weeks ago

    Cape Town, South Africa Graduate Placements Full time

    A client-focused trust and investment management company providing financial planning and investment advice and services to clients planning for, or already in their retirement years, is seeking to employ a Trust Officer Administrator. This role handles administrative support for the trust officers (financial / investment advisors) within the team, and...

  • Trust Officer Administrator

    3 weeks ago

    Cape Town, South Africa RecruitAGraduate Full time

    **Job Information**: Job Opening ID ZR_1228_JOB Hours of work Full-time Industry Financial Services Location Type In Office Salary R25 000 - R32 000 Remuneration Term Per Month Province Western Cape City Cape Town Country South Africa - A client-focused trust and investment management company providing financial planning and investment advice and...

  • Trust & Creditors Administrator

    4 weeks ago

    Cape Town, South Africa Broll Property Group Full time

    **POSITION PURPOSE** Responsible for a variety of Trust administration related duties and support functions. Responsible for the daily receipting of tenant deposits. Provides miscellaneous assistance as required. Research and resolves discrepancies and accounting arrears - completed related reports, summaries and records and performs related clerical...

  • Fixed Income Senior Analyst

    3 weeks ago

    Cape Town, South Africa Fund Manager Full time

    This position is for a Fixed Income Senior Analyst / Portfolio Manager with a respected Fund Manager, based in Claremont, Cape Town. KEY RESPONSIBILITIES: - Manage a portion of the unit trust portfolios’ SA income and bond component - Responsible for the day-to-day allocation to fixed income instruments - Manage all cash flows associated with the unit...

  • Unit Trust Administrator

    3 months ago

    Cape Town, South Africa Graduate Placements Full time

    A client-focused trust and investment management company providing financial services is looking to fill the position of a Unit Trust Administrator. This role is responsible for daily unit trust pricing, and accurate reconciliations of activities related to the smooth running of the unit trust funds, and all tasks related thereto. **Responsibilities**: -...

  • Trust Officer Administrator

    2 weeks ago

    Cape Town, Western Cape, South Africa RecruitAGraduate Full time

    Job Information:Job Opening IDZR_1228_JOBHours of workFull-timeIndustryFinancial ServicesLocation TypeIn OfficeSalaryR R32 000Remuneration TermPer MonthProvinceWestern CapeCityCape TownCountrySouth Africa A clientfocused trust and investment management company providing financial planning and investment advice and services to clients planning for, or already...

  • Officer Trust Services

    1 week ago

    Cape Town, South Africa Absa Bank Limited Full time

    Bring your possibility to life! Define your career with us - With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.Job Summary To...

  • Officer Trust Services

    2 weeks ago

    Cape Town, Western Cape, South Africa Absa Bank Limited Full time

    Bring your possibility to life Define your career with us With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.Job SummaryTo...

  • Trust Officer Assistant

    3 weeks ago

    Cape Town, South Africa Graduate Placements Full time

    **Responsibilities**: - Collation of all necessary documentation relating to administration of local and offshore investment instructions, including redemption's and switches, and share dealing. - Ensure necessary authority is obtained, preparation and capturing of same on internal systems (Fundamental, and Climan/ CRM system). - Daily/ monthly EFT payments...