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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