Financial Adviser AIFA: Everyday Banking

About this role

Absa, one of South Africa’s long-established banks, is hiring a Financial Adviser (AIFA) for its Everyday Banking team in Vredendal. The adviser works directly with clients to plan and recommend investment, life insurance and estate solutions.

What you’ll do

• Meet clients, explain your services and work through their financial needs using Absa’s needs analysis tool.
• Prepare and present product recommendations and quotes, following all FAIS rules on the advice you give.
• Complete application forms and compliance documents, and send proposals to product providers.
• Review each client’s portfolio at least once a year and keep in touch as agreed.
• Build relationships with bank staff, regional managers and other stakeholders, including through the bank’s bancassurance structure.
• Work towards sales and growth targets, manage your own commission and keep the client database up to date.
• Guide and train the adviser assistants who support your practice.

What you need

• A minimum of 2 to 3 years’ experience in financial planning or advice in long-term insurance and investments.
• An NQF 5 qualification approved by the FSB, carrying 120 FAIS credits.
• RE5 certification.
• Fit and proper status for the relevant licence categories, and the ability to keep it up.
• Grade 12 / FETC: Business, Commerce and Management Studies (required).
• Completion of the compliance exams within the set timeframes, such as Anti-Money Laundering, Sanctions and Basic Financial Crime Concepts.

Is this job for you?

This role suits an experienced adviser who understands FAIS rules and enjoys building long-term client relationships. You should be comfortable with sales targets and with keeping clear records. You should also be happy to support and coach junior staff.

Tips before you apply

• Have your FAIS credentials, RE5 certificate and proof of your fit and proper status ready to upload.
• Give clear examples of long-term insurance and investment advice you have given, with the types of clients you served.
• Show your sales or growth results in numbers where you can, such as policies written or client retention.

”