Financial Administrator - Commissions

Headhunters; Sandton; On-site; ZAR 200,000 - 300,000; Full time

Job summary

A financial services firm based in Sandton is looking for a Financial Administrator - Commissions. The successful candidate will manage commission processes and provide operational support. Candidates should have 2-3 years’ experience in a client services environment and a strong understanding of financial processes. This role offers an excellent career opportunity for finance graduates and is located in a dynamic team environment.

Qualifications

• 2–3 years of experience in Operations and Client Services.
• Experience in handling commission or fee processes.
• Valid driver's license and own vehicle.

Responsibilities

• Provide general office management support.
• Collaborate with Finance and MIS teams.
• Maintain the employee database on the commission management system.
• Monitor and reconcile bank statements related to commissions.

Skills

Client Services experience

Financial processes

Operational Support

Commission Management

Education

Post Grade 12 qualification

Tertiary qualification in a related field

Job description

Sector Financial Services / Finance / Accounting

Location Sandton

Job Type full_time

Experience 2 to 3 years

Qualifications No education

Package Negotiable

Description

Our Client in the Financial Planning Industry is seeking to employ a Financial Administrator - Commissions to their team based in Sandhurst, Sandton.

Finance graduates and students are encouraged to apply.

A awesome career opportunity awaits!

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.

I've applied, now what? Do you have any job openings? What should I wear to my Headhunters Interview? How long should I wait before I get contacted?

For the answers to these questions and many more, check out our FAQs

Don't miss out on new job opportunities! Get notified and stay ahead in your career journey.

Getting that dream job starts with making sure you have a professional CV.

Copyright Headhunters. All Rights Reserved. Website design Port Elizabeth by Perfect Circle