| Date | 2024-06-09 |
|---|---|
| Job Title | Commissions Administrator (Financial Services) |
| Employer | Headhunters More Information |
| Salary | 0 |
| Category | Sales Marketing |
| Location |
Gauteng / Sandton |
Job Summary
Purpose of role:
The Commissions Administrator is required to support the central business team in providing high levels of support to the regions.
The incumbent takes responsibility for the central point of contact for all commissions processing / income processing, distributed to the Financial Planning Partners. The incumbent plays a critical role in the day-to-day operations of the organization, interacting daily with Financial Planning Partners, Assistants, Finance and the MIS Team amongst others.
Requirements:
- Post Grade 12 / tertiary qualification in a related field advantageous.
- 2-3 year’s experience in an Operations and Client Services (or similar pressurized) environment or,
- 2-3 year’s experience in dealing with commission / fee processes and payments as well as exposure to financial processes (invoicing and payments).
- Knowledge and understanding of the Financial Services Industry including basic product knowledge and related commission / fee payment processes – understanding commission calculations.
- Computer literacy: Microsoft Office essential.
- Deadline driven.
- High levels of accuracy and precision.
Responsibilities, but not limited to:
1. Operational Support:
- Support the Centre with general office management tasks including reception and facilities.
- Support the Centre with the ordering of stationery / office refreshments for all offices in the Company.
- Monitor the central e-mail accounts.
- Receive, validate and process withdrawals for clients daily.
- Assist with the opening of new accounts in line with business processes daily.
2. Commission Management:
- Maintenance of the employee database on the commission system.
- Monitor and reconcile the daily bank statement relating to commission / fee deposits received.
- Receive and process individual product provider commission statements relative to the daily bank deposits received.
- Create and process manual commission payments.
- Query management – with product providers on queries and internal queries received from the regions.
- Request and submit invoices and month end statements to third parties where necessary.
- Managing suspense entries in line with internal business processes.
- Preparation of month end reconciliation packs for Finance.
3. Important Relationships
- Reports to the Head, Operations
- Interaction with Partnership Operations Managers
- Interaction with the Partnership Directors and Portfolio Managers
- Engagement with Financial Planning Partners and their Assistant’s
- Interaction with individuals at the Centre on a day-to-day basis
- Develop and maintain good relationships with all product providers
4. Knowledge
- Knowledge and understanding of the Financial Services Industry including basic product knowledge and related commission / fee payment processes – understanding commission calculations – an advantage
- Knowledge of the operations and client services environment an advantage
5. Competencies
- Computer literacy: Microsoft Office essential
- Excellent communication skills (both writing and verbal)
- Customer centricity – passionate about client service
- Well organized and ability to prioritise
- Starter Finisher – sees task through to completion
- Problem solving skills
- Deadline driven
- High attention to detail
- High levels of accuracy and precision
- Able to work as part of a team and independent when required
- Positive CAN DO attitude
Kindly be advised that should you not receive a response within two weeks of applying, please consider your application unsuccessful.
Commissions Administrator (Financial Services) position available in Gauteng, Sandton. This job position was posted by Headhunters. The job has been posted as a char8000 ad on 2024-06-09 at 01:00:15 in the Sales Marketing category
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