Job Specification: Banking Administrator (Private Banking Style)
Location: Port Elizabeth
Client: Reputable Financial Services Provider
Position Overview:
We are seeking a meticulous, dedicated, and detail-oriented Banker to join a well-established financial services firm in Port Elizabeth. This is a critical role where the successful candidate will manage banking services for clients in a private banking style, handling large transactions, ensuring compliance with regulations, and building long-term relationships with clients.
Compensation & Benefits:
• Salary Range: R20,000 – R25,000 per month, based on experience and qualifications.
• Additional Benefits:
o 13th Check
o Pension and risk benefits
o Potential 14th check incentive
o No medical aid is provided.
• Professional Development: The company offers and encourages further studies and professional development for those who show initiative.
Primary Responsibilities:
• Account Management: Open and close various types of accounts including call accounts, money fund accounts, notice deposits, Prime, and fixed deposits.
• Client Fund Monitoring: Manage insufficient funds reports and ensure clients’ month-end funds are sufficient for debit order processing.
• Investment Monitoring: Track and place notices on Notice Money Fund accounts as per client instructions.
• Payments & Transactions: Authorize and make payments on behalf of clients with signing authority. Handle third-party payments, ensuring thorough verification and fraud prevention.
• Client Updates & Documentation: Maintain FICA compliance, ensuring client documentation and signatory authorities are accurate and up to date.
• Sanctions & Audits: Run annual sanctions list testing and assist with compliance audits from Investec.
• Tax Payments: Oversee provisional tax payments and other SARS-related taxes, ensuring all records are maintained accurately.
• Communication & Administration: Handle banking phone and dedicated email for client payment requests, send out statements, and ensure all banking transactions are filed and scanned correctly.
• Team Collaboration: Assist with archiving and authorizing payments set up by other bankers in the team.
Key Traits & Skills:
• Accuracy & Attention to Detail: This is a high-stakes role requiring accuracy in all aspects of banking services. The candidate must be meticulous with large transactions and administrative tasks.
• Ability to Handle Pressure: The role can become very busy, especially during peak periods such as February. The candidate must thrive in a fast-paced environment and be able to prioritize effectively.
• Strong Communication Skills: A professional telephone manner and clear communication skills are essential for dealing with clients and internal teams.
• Organizational Skills: The role requires strong administrative abilities, including managing diaries, handling various reports, and maintaining up-to-date client files.
• Mature & Reliable: We are looking for a mature individual with the stability and focus to handle the nature of this position, which involves working with high-net-worth individuals.
Experience & Qualifications:
• Preferred: Banking experience is advantageous but not mandatory. Familiarity with systems such as POPI Act and FICA compliance is beneficial.
• Languages: Proficiency in both English and Afrikaans is essential for effective communication with clients.
• Qualifications: Preferably, candidates with tertiary qualifications (diplomas or certificates). However, unqualified candidates with relevant experience and potential will also be considered.
• Corporate Experience: A background in corporate environments or private banking is ideal.
Candidate Profile:
• Mature Professionals: As this position entails working with older clients and requires a level of maturity to handle sensitive financial matters.
• Cultural Fit: A candidate who aligns well with a relationship-oriented, relaxed business atmosphere. A good cultural fit is essential for both client interaction and internal team dynamics.
• Long-Term Commitment: The ideal candidate should be looking for a stable, long-term position and demonstrate a commitment to the role.
Working Conditions:
• Working Hours:
o Monday to Thursday: 7:30 AM to 4:30 PM (1-hour lunch break)
o Friday: 7:30 AM to 4:00 PM (30-minute lunch break)
• Annual Leave: The role requires working during the December/January shutdown period, with leave taken at a different time of the year.
Work Environment:
• Atmosphere: The office has a relaxed business atmosphere, with a focus on relationship-building, similar to private banking.
• Client Interaction: Primarily interacting with older clients, requiring a respectful, calm, and professional approach.
• Team Culture: A supportive and collaborative environment with room for growth based on ambition and teamwork.
Additional Information:
• Team Expectations: Ability to prioritize tasks effectively, manage multiple responsibilities simultaneously, and maintain focus in a dynamic, fast-paced environment.
• Flexibility: Limited flexibility in terms of breaks and work hours. This is an office-based role with little time for running errands during work hours.
• Vacancy Cause: The position is available due to the transition of a previous employee to another role within the company.
• Client Base: You will be servicing financial advisors to approximately 200 families.
This position offers the opportunity to be part of a respected financial services provider, work closely with clients, and contribute to the success and growth of the business. If you meet the qualifications and are eager to join a dynamic team, we encourage you to apply!
