Corporate Actions Specialist - Local and Offshore at Sanlam Private Wealth

Job description

Key Responsibilities:

Monitoring:

• Monitoring and loading capital events based on announcement date and last date of trade
• Monitor and address the corporate action exception reports to ensure no discrepancies
• Clearing of daily corporate action exceptions & rejections (local and offshore corporate actions)
• Monitoring of dividends prior to posting in Portia application to identify any corrective actions timeously
• Monitoring of withholding taxes on dividends
• Ensure accurate interpretation of corporate events and notifying key persons of the event and effect of the event
• Detail review of the effect on the client’s portfolio and ensuring that the corporate event reflects accurately
• Reviewing journal entries passed in various source systems for accuracy
• Review CGT exception reports to ensure data accuracy

Maintain:

• A list of events where necessary information is outstanding & needs to be obtained prior to the last date of trade
• Maintenance of tax tables in Portia application
• The corporate event system and ensure that all systems is updated
• Engaging with IT and PI² with regards to maintenance issues with the corporate events system
• Understanding of tax implications on all events
• Assist with maintenance and reconciliation of data with regards to Dividend Withholding Tax reporting to SARS
• Review of scrip movement prices
• Investigate dividend & corporate action discrepancies and resolve accordingly
• Research corporate events to form an understanding, interpret accurately & make decisions accordingly
• Preparation of import files related to corporate events
• Ensure timeous internal communication for voluntary events

Minimum Requirements:

• Tertiary qualification (with Finance / Accounts / Tax)
• Basic understanding of the Private client business and the stock-broking environment
• Experience within a financial services industry is essential. Corporate Actions knowledge and experience both Local and Offshore are essential for this role.

Technical Competencies:

• Previous experience within Private Wealth industry will be advantageous
• Fully bilingual (English and Afrikaans)
• Computer literacy
• Behavioural Competencies:
• Strong numerical orientation
• Highly organized with a high level of customer focus
• Accurate and detail orientated
• Critical and analytical capability
• Ability to perform well under pressure and show maturity, confidence and resilience
• Excellent listening, communication and interpersonal skills
• Pro-Active approach to work, clients, problem solving
• Learning agility and curiosity
• Assertive
• Passionate ownership for results