Commissions Administrator

Headhunters

  • Sandton, Johannesburg
  • Permanent
  • Full-time
  • 21 days ago
Job SummaryOur Client in the Financial Planning Industry is seeking to employ a Commissions Administrator to their team based in Sandhurst, Sandton.A awesome career opportunity awaits!The Commissions Administrator is required to support the central business enablement 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 qualification.
  • A tertiary qualification in a related field is advantageous.
  • 2-3 years of experience in an Operations and Client Services environment, or a similarly pressurized setting.
  • 2-3 years of experience in handling commission or fee processes and payments.
  • Exposure to financial processes, including invoicing and payments.
  • Valid driver's license and own vehicle.
Responsibilities, but not limited to:Operational Support (10%)
  • Provide general office management support, including reception duties and facilities coordination.
  • Assist with the ordering of stationery and office refreshments for all offices.
  • Monitor and manage central email accounts for incoming requests and communications.
  • Receive, validate, and process daily client withdrawal requests from cash management accounts.
  • Assist with the daily opening of new client cash management accounts in accordance with business processes.
Commission Management (75%)
  • Collaborate with the Finance and Management Information Systems (MIS) reporting teams.
  • Maintain the employee database on the commission management system.
  • Monitor and reconcile daily bank statements related to commission and fee deposits.
  • Receive and process commission statements from individual product providers based on daily deposits.
  • Create and process manual commission payments, such as referral business or direct client payments for professional services.
  • Manage queries with product providers regarding commission file layouts and specific commission issues on behalf of internal stakeholders.
  • Address and resolve internal commission-related queries received from regional staff and financial planners.
  • Request and submit invoices and month-end statements to third parties when required.
  • Manage suspense account entries in line with internal business procedures.
  • Distribute total fees or commissions held in suspense for financial professionals who have exited the organization.
  • Prepare monthly reconciliation packs for submission to the Finance department.
Other Duties (5%)
  • Actively contribute to team initiatives and employee engagement activities.
  • Provide collaborative support to colleagues in their areas of responsibility when needed.
  • Comply with business values, policies, and procedures, and contribute to their ongoing development and improvement.
  • Promote and support diversity and inclusion in all aspects of work.
  • Carry out any other duties as may be reasonably assigned from time to time.
Please note that should you not receive a response within 2 weeks of applying, you may consider your application unsuccessful.HeadhuntersRecruiter

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