Trust Specialist Job in Pretoria
Job Description
Trust Specialist Job. A Trust Specialist serves as a dedicated professional within financial institutions or legal firms, specializing in the administration and management of trusts. With expertise in fiduciary responsibilities and wealth management, the Trust Specialist facilitates the establishment, maintenance, and distribution of trusts according to the client’s needs and objectives. They provide personalized guidance and support to trustees and beneficiaries, ensuring compliance with legal and regulatory requirements. Through meticulous attention to detail and comprehensive knowledge of trust laws and financial instruments, Trust Specialists play a crucial role in preserving and growing clients’ assets while safeguarding their interests. Their commitment to integrity, confidentiality, and client satisfaction establishes them as trusted advisors in the realm of estate planning and asset protection.
Responsibilities of Trust Specialist Job
- Achieve total revenue targets by either growing existing clients (optimizing revenue opportunities) or by acquiring new clients.
- Drive an Increase in the average balance of the specific portfolio of assets as defined in the Financial Performance Report of the business.
- Control revenue and costs in the Trust and Investment department to achieve the company cost-to-income ratio as set per product line budget, in line with company standards.
- Deliver exceptional service that exceeds customers’ expectations through proactive, innovative, and appropriate solutions.
- Identify and source additional assets and build a book of assets under management.
- Acquisition of Trust business, both internal and external to the FirstRand Group in order to increase the value of assets under management and the scale of the Group.
- Manage and administer investment portfolio.
- Comply with governance in terms of legislative and audit requirements.
- Identify and source additional assets and build a book of assets under management.
- Improve business decisions by providing accurate and reliable business intelligence (information) together with analyzing.
- Manage own development to increase own competencies.
Requirements
- Bachelor’s degree in finance, business administration, law, or related field.
- Previous experience in trust administration, estate planning, or wealth management.
- Strong understanding of trust laws, regulations, and fiduciary responsibilities.
- Knowledge of financial products and investment strategies.
- Excellent communication and interpersonal skills.
- Attention to detail and ability to maintain accuracy in documentation and records.
- Ability to work independently and collaborate effectively with team members.
- Proficiency in relevant software and tools used in trust administration.
- Certification such as Certified Trust and Financial Advisor (CTFA) is a plus.
- Commitment to upholding ethical standards and maintaining client confidentiality.
- Demonstrated problem-solving skills and ability to handle complex situations.
- Strong organizational and time management skills to handle multiple tasks and deadlines effectively.
