Job Description

Closing Date 2025/03/21
Reference Number MMH250306-6
Job Title Commissions Administrator
Position Type Permanent
Role Family Finance
Cluster Consult by Momentum
Remote Opportunity None of the time
Location - Country South Africa
Location - Province Gauteng
Location - Town / City Centurion
IntroductionConsult by Momentum is a registered Financial Service Provider (FSP) with a Category I and II licence, delivering top-tier financial planning, advice, and investment management services. Catering to a diverse clientele that includes high net worth individuals, the affluent sector, upper retail, and small business enterprises (SMEs), Consult by Momentum is recognised as one of South Africas largest financial planning and advice specialists enabling us to present a full spectrum of product solutions from all major providers of life, health, savings, investments, short-term, and employee benefits in South Africa. We are committed to the ethos of treating our customers fairly, thereby ensuring that our clients receive industry-leading solutions.
Disclaimer As an applicant, please verify the legitimacy of this job advert on our company career page.
Role PurposeTo ensure accurate and efficient processing of commission received from product providers for payment to Consult Franchise Houses and resolving commission related queries.
RequirementsQualifications

• Grade 12 essential
• Finance related tertiary qualification preferred

Experience

• A minimum of 2 years financial process/commissions administration experience
• Previous experience interacting with financial advisers and or having worked in a financial adviser practice preferred

Duties & Responsibilities

• Commission Processing

• Obtain commission statements from product providers
• Process commission statements into the system
• Match commission statements to amounts received in the bank account
• Adhere to company policies and standard operating procedures
• Resolve commission queries received within SLA
• Verify all rejected transactions and take corrective action where necessary
• Make recommendations for process improvement and efficiencies

• Stakeholder Engagement

• Build and maintain relationships with clients, internal and external stakeholders
• Deliver on Service Level Agreements to ensure expectations are managed
• Make recommendations to improve service delivery
• Participate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service
• Continuously monitor turnaround times and quality standards and resolve issues speedily to enhance client service delivery
• Manage query processes and ensure that queries are tracked, accurately and timeously resolved and used as a mechanism to improve client service and business processes

• Personal Development and Teamwork

• Participate and contribute to the Consult culture by building mutually rewarding relationships, facilitating feedback for improvement and ongoing collaboration with peers and leaders.
• Positively influence and participate in change initiatives
• Continuously develop own understanding and expertise in terms of professional, insurance industry and legislative knowledge.
• Take ownership for driving own career development
• Ensure behaviours and actions align to Consults values
• Contribute to continuous innovation through developing, sharing and implementing new ideas, ways of work etc.

• Finance & Risk Management

• 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 forums
• Identify solutions to enhance cost effectiveness and increase operational efficiency.

CompetenciesCompetencies

• Planning and Organising
• Attention to detail
• Checking
• Interpreting data
• Examining information
• Deciding and initiating action
• Working with people
• Teamwork
• Assertiveness
• Fluency in English for business purposes
• Ability to manage routine
• Ability to engage at all levels in the organisation

PolicyWe are committed to Employment Equity, diversity and inclusion when recruiting internally and externally. All appointments are made in alignment to our Employment Equity goals and we encourage people with disabilities to apply.

Momentum Group