Trust Interest Portfolio Officer - Cape Town, South Africa - Talent Candey

Talent Candey

Verified Company

Cape Town, South Africa

1 week ago

Posted by:

Thabo Mthembu

beBee Recruiter

Description

Our reputable Legal client that is based in Cape Town is seeking a skilled
Trust Interest Portfolio Officer to join their team based in Cape Town.

Salary:
R R p/a

Requirements:

A commercial or legal related degree is essential
A minimum of 3 years' experience of business development in the financial and/or legal industries is essential
An indepth knowledge of banking products used in the legal practitioners' environment is essential

Computer literacy

Microsoft Office is essential
Having a valid Code 8 driver's licence is essential

Responsibilities:

REVENUE

Trust Interest Revenue Maximisation:
Section 86 (2), (3) and (4)

Using management information systems to identify revenue maximising opportunities
Tracking and monitoring trust interest performance of each practice in the region in respect of trust interest income received and bank charges incurred by legal practitioners
Tracking the utilisation of section 86(3) accounts to maximise trust interest revenue for the company and growing same to a set target.
Analysing and reviewing the section 86(2), 86(3) and 86(4) monthly trust interest receipts and bank charges
Assisting practitioners' queries for noncompliance with section 86(2) and section 86(4)
Making sound recommendations to improve the trust interest value chain
Maintaining a database of value generated from interventions
Remedying instances of noncompliance with preferential banking products
Articulating and promoting benefits of trust interest maximisation to practitioners
Marketing the activities of the company to the legal profession
Building sustainable relationships with internal and external stakeholders
Responding to trust account queries timeously

Automated Monthly Transfer System (AMTS)

Facilitating and monitoring the migration of accounts to and from the AMTS environment within the region
Increasing the participation of practitioners in the AMTS environment in the region
Keeping a query tracking register for AMTS interventions
Consolidating and monitoring the number of accounts, average balances, gross interest, and bank charges of legal practitioners and reporting on trends

Unidentifiable/ Unclaimed Trust Money

Assisting practitioners' queries of noncompliance with section 87(4)
Tracking the receipts of unclaimed trust monies.

CUSTOMER AND/OR STAKEHOLDER ENGAGEMENT
Customer satisfaction

Building and establishing complementary partnerships with legal practitioners, regional banks, The LPC Provincial Councils and other relevant stakeholders
Engaging with the Top trust interest revenue contributors in the region
Providing a link between auditors and legal practitioners and resolving issues that emerge from stakeholder engagements (The LPC, SAICA, IRBA, the LSSA and legal practitioners)
Responding to queries relating to section 86(2) and section 86(3) trust accounts and keeping a query tracking register
Responding to queries relating to section 86(4) trust investment accounts and section 86(5)(b) new revenue stream and keeping a query tracking register
Demonstrating value created as a result of TIPO interventions

ADMINISTRATION & REPORTING
General administration and process

Participating in the improvement of the trust interest value chain
Identifying and mitigating emerging risks in the trust interest environment
Identifying emerging trends from the field of work
Providing input to the Joint Legal Practitioners and Accountants Committee and established task groups (e.g., the IRBA Legal Practitioners Trust accounts task group)
Demonstrating value created because of interventions in the trust interest value chain
Investment Executive key project reporting

Job Types:
Full-time, Permanent

Salary:
R480 000,00 - R500 000,00 per year

Application Question(s):

Have you obtained a commercial or legalrelated degree?
How many years of experience do you have with business development in the financial and/or legal industries?
Have you obtained your Drivers License?

Experience:

Microsoft Office: 3 years (preferred)