Trust Interest Portfolio Officer

2 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)



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