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Trust Specialist - Centurion, South Africa - Momentum Life

Momentum Life

Verified Company

Centurion, South Africa

1 month ago

Posted by:

Thabo Mthembu

beBee Recruiter

Description

Introduction

Through our client-facing brands Metropolitan and Momentum, with Momentum Multiply (our wellness and lifestyle rewards programme), and our other specialist brands, including Guardrisk and Eris Property Group, the group enables business and people from all walks of life to achieve their financial goals and life aspirations.

Role Purpose

The Trust Officer will be responsible for the administration of own trust portfolio which will include Inter, Vivos, Trust, Testamentary Trust and Road Accident Fund Trusts, end to end processing of own trust portfolio and the development of business relationships with clients.

The incumbent will also be responsible for facilitating internal service coordination to resolve issues and respond to client requests.

Requirements:

Qualifications:

Relevant tertiary legal or commerce qualification (essential)
Professional admission as an attorney or accountant (desirable)
Advanced diploma in trust and estate administration (desirable)

Experience:

Minimum of 2 years experience in a trust & fiduciary services environment
Membership of industry bodies (e.g. FISA and/or STEP) will be advantageous

Skills:

Interpersonal skills
Attention to detail
Resilience
Adaptability
Analytical skills
Planning and Organising skills
Communication skills
Selfmanaging

Knowledge:

Knowledge expert in legal principles applicable to trusts, including the law of trusts, the taxation of trusts and the use of trusts in estate planning
Basic principles of trust administration
Microsoft Office
Ability to implement and maintain proper governance processes relating to the administration of trusts
Business writing skills

Duties & Responsibilities

Internal Processes:

Drafting of required documentation for the registration and amendment of trusts (Court Order, Testamentary and Inter Vivos Trusts) with the Master of the High Court
Act as nominee of the trust company on certain trusts
Day to day administration of a portfolio of trusts, which will include, but not limited to:
Attend and resolve general queries/requests from clients
Annual Trustee Meetings:
Facilitation and attendance
Preparation of agenda and minutes
Preparation of trustee resolutions
Attend to all trust payments from trust's bank account
Opening and closing of trust bank accounts
Oversee the preparation of trust annual financial statements with the trusts' accounting officer, including providing documentation required to prepare the statements and to ensure that the trusts' tax affairs are compliant
Drafting of necessary agreements (if applicable)
Liaison with third parties on behalf of the trust where required
Ensure that trust portfolio is up to date at all times
Provide key support to team members
Monitoring existing investments and assets in trust portfolio together with the trusts' financial advisers
Preparation of monthly reports

Client Services

Provide authoritative, expertise and assistance to clients and stakeholders.
Build and maintain relationships with clients and internal and external stakeholders.
Deliver on service level agreements made with clients and internal and external stakeholders in order to ensure that client expectations are managed.
Make recommendations to improve client service and fair treatment of clients within area of responsibility.
Participate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service.

People

Develop and maintain productive and collaborative working relationships with peers, clients and stakeholders.
Positively influence and participate in change initiatives.
Continuously develop own expertise in terms of professional, industry and legislation knowledge.
Contribute to continuous innovation through the development, sharing and implementation of new ideas.
Take ownership for driving career development.
Effectively manage time and ensure optimal productivity.
Ensure technical product and legislative knowledge is always current in order to propose the most relevant and innovative client solutions and comply with governance requirements.
Be selfconfident, selfmotivated and relentlessly pursue targets and goals.

Finance

Identify solutions to enhance cost effectiveness and increase operational efficiency.
Manage financial and other company resources under your control with due respect.
Provide input into the risk identification processes and communicate recommendations in the appropriate forum.

Competencies