Financial Adviser AIFA: Everyday Banking- Absa Bank x1

Financial Adviser AIFA: Everyday Banking- Absa Bank x1

Job Details

• Position: Financial Adviser AIFA: Everyday Banking (FAIS)
• Company: Absa Bank
• Location: Bethlehem
• Employment Type: Full-Time
• Job Reference: R-15988062
• Closing Date: 25 June 2026

Job Description

The Financial Adviser is responsible for providing professional financial planning and advisory services to clients in accordance with FAIS regulations. The role involves conducting financial needs analyses, recommending suitable investment and insurance solutions, implementing financial plans, maintaining client relationships, and growing a sustainable client portfolio.

The adviser will assist clients with investment planning, life insurance, estate planning, and other financial solutions while ensuring compliance with regulatory requirements and company policies.

Key Responsibilities

1. Client Relationship Management

• Build and maintain professional relationships with:
  • Clients
  • Bank personnel
  • Product providers
  • Adviser support teams
• Participate in lead-generation and sales pipeline activities.
• Network with branch management and banking teams.
• Promote financial advisory services within the bank.
• Provide ongoing support and service to clients.

2. Financial Planning and Advice

Financial Needs Analysis (FNA)

• Conduct comprehensive financial needs analyses.
• Assess client financial goals and risk profiles.
• Identify investment, insurance, and estate planning needs.

Solution Recommendations

• Prepare financial recommendations and quotations.
• Recommend suitable investment and risk products.
• Present advice in accordance with FAIS regulations.
• Explain financial products and solutions to clients.

Implementation

• Complete application documentation.
• Obtain client approvals and signatures.
• Implement accepted financial solutions.
• Ensure all regulatory documentation is completed accurately.

3. Sales and Business Development

• Achieve sales and growth targets.
• Prospect for new business opportunities.
• Convert leads into active clients.
• Build and grow a client portfolio.
• Generate revenue through financial product sales.
• Identify cross-selling opportunities within the bank.

4. Compliance and Regulatory Administration

• Ensure compliance with:
  • FAIS requirements
  • FICA requirements
  • Anti-Money Laundering regulations
  • Internal company policies

Documentation

• Complete:
  • Financial Needs Analysis documents
  • Client Advice Records
  • FICA documentation
  • Product application forms
• Maintain accurate client records.

5. Portfolio Management

• Conduct annual client reviews.
• Assess whether existing solutions remain suitable.
• Recommend amendments where required.
• Maintain long-term client relationships.
• Monitor policy performance and client needs.

6. Commission and Practice Management

Commission Administration

• Capture and manage commission-related information.
• Verify commission payments and statements.
• Manage policy records and commission reconciliations.
• Follow up on unpaid premiums and policy lapses.

Practice Management

• Support and guide Adviser Assistants.
• Facilitate staff training and development.
• Monitor performance standards.
• Ensure compliant record-keeping practices.

7. Personal Development

• Attend mandatory product and compliance training.
• Complete all required FAIS and regulatory examinations.
• Maintain Fit and Proper status.
• Stay updated on industry regulations and product knowledge.

Minimum Requirements

Although not fully specified in the advert, candidates typically require:

Qualifications

• Relevant qualification in:
  • Finance
  • Banking
  • Financial Planning
  • Business Management
  • Commerce
  • Related field

Regulatory Requirements

• FAIS accreditation.
• Fit and Proper status.
• Ability to obtain and maintain required regulatory credits and certifications.

Required Skills and Competencies

Financial Advisory Skills

• Financial planning.
• Investment advice.
• Risk assessment.
• Estate planning knowledge.
• Insurance product knowledge.

Sales Skills

• Prospecting and lead generation.
• Client acquisition.
• Negotiation.
• Relationship management.
• Business development.

Communication Skills

• Professional presentation skills.
• Client engagement.
• Written communication.
• Interpersonal skills.

Analytical Skills

• Financial analysis.
• Needs assessment.
• Problem-solving.
• Decision-making.

Administrative Skills

• Record keeping.
• Compliance documentation.
• Portfolio management.
• Report preparation.

APPLY NOW:

ALSO SEE: