Manager

Outsurance

Cape Town, Western Cape, ZA

3d ago

source : Latest Jobs

The Sanlam Personal Finance (SPF) cluster is responsible for Sanlam’s retail business in South Africa. SPF provides clients across different market segments (entry-level, middle-income, affluent, professional market and business owners) with a comprehensive range of appropriate and competitive financial solutions.

These include traditional life insurance risk and savings products, investment, retirement, health and fiduciary services.

Designed to facilitate long-term wealth creation, protection and niche financing, these solutions are engineered around client needs.

What will you do? Outputs / Tasks :

Checking and approving annual trust reviews.

Checking and approving trust tax certificates.

Daily checking of critical processes such as fees, overnight transactions, bank details changes etc.

Dynamic Risk Assessment of all new clients.

Quality checking of drafting team’s work with reference to new trust deeds and amendments.

Ensure compliance with legislation, e.g. FICA, FAIS, SARS, Exchange Control, TCF, POPPI, Party Due Diligence, etc.

Acceptance process for new testamentary trusts, including reconciliation of assets and recordkeeping.

Quality checking of all new accounts, additional capital received, terminations and fee calculations, and beneficiary detail changes.

Approval of rebalancing of trust investments.

Approval of payments and terminations in accordance with the approval framework of Sanlam Trust.

Monthly feedback to Finance on fee deviations.

Authorising daily payments (1st or 2nd approval).

Monthly commission and drafting team analysis reports.

Identification of possible risks in the department and ensuring that those risks are addressed.

Training if necessary to trust team.

Updating of processes and checklists.

Attendance of National Review Committee and Investment meetings.

Provide auditors with required documentation when samples are requested.

Responsible for Quality and Control Officer and annual plan of the sub-team.

What will make you successful in this role? Requirements : Qualifications :

LLB / B Com Law / Trustee Diploma or relevant Trust qualification.

CFP will be an advantage.

Experience :

5 years’ relevant experience within a testamentary and inter vivos trusts environment.

Exposure to identification of risks.

Knowledge :

Trust processes

Tax legislation pertaining to testamentary and inter vivos trusts

Trust Property Control Act 1988

Administration of Estates Act 66 / 65

Wills Act

Knowledge of management processes

Knowledge of Accounting principles

Competencies :

Communicates effectively

Financial acumen

Decision quality

Analytical thinking

Cultivates innovation

Concern for accuracy

Plans and aligns

Customer focus

Collaborates

Team success

Drives results

Being resilient

Computer skills (MS Office with exposure to electronic mail and communication systems).

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