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Absa Bank Limited (Absa) is a wholly owned subsidiary of Barclays Africa Group Limited. Absa offers personal and business banking, credit cards, corporate and investment banking, wealth and investment management as well as bancassurance. Barclays Africa Group Limited is 62.3% owned by Barclays Bank PLC and is listed on the JSE Limited. The Group is one of A...
Job Summary
To administer deceased estates ranking from normal to more complex estates which might involve Capital Gain Tax and Estate Duty
Job Description
Administrator Estate
Key Responsibilities
Receive completed deceased estate reporting documents from the Fiduciary Consultants and Lean system and make telephonic contact with the client
Manual intake of estates
Report the deceased estate to relevant stakeholders via written correspondence, newspaper and Government Gazette
Advertise (e.g. advertise in the local newspaper and Government Gazette) and for any debtors or creditors (section 29 notification) in respect of the estate late
Receive relevant information as requested by the various stakeholders and start redeeming and transferring assets
Draft the liquidation and distribution account to reveal the true reflection of the assets and liabilities as at date of death and submit outstanding tax returns
Advertise (for twenty one (21) days) the Liquidation and Distribution account (section 5 notification) in the local newspaper / Government Gazette and with the Magistrate in the district were the deceased resided twelve (12) months prior
Instruct the Absa panel attorneys on the expiry date of the advertisement
Obtain final tax assessment from SARS and finalise the deceased estate
Achieve set target as set out by management at the beginning of the year
Ensure that post (incoming mail, fax and correspondence) and filing is up to date as per the company norms
Keep clients updated on progress of the estate
Maintain a high standard of service during the administration process without supervision
Build and maintain a relationship with various stakeholders (i.e. valuators, auctioneers, attorneys, Master of the High Court, South African Revenue Service)
Ensure that queries do not turn into complaints by addressing these within a period of twenty four hours
Adhere to ABSA compliance requirements and industry related legislations
Adhere to business processes and controls practice; non-adherence may lead to disciplinary actions
Complete compulsory compliance and legislation training within the required time-frames as prescribed by Absa Risk
Adhere to risk and compliance policies in terms of Environmental Health and Safety, Information Security, Records Management and Money Laundering, Sanctions
Be knowledgeable on the Estate Administration Act
Competencies
Working with people
Planning and organising
Delivering results and meeting customer expectations
Following instructions and procedures
Adapting and responding to change
Coping with pressure and setbacks
Minimum Requirements
National Diploma in Estate and Trust or Deceased Estate Administration Course via Law Society of SA or equivalent NQF level 5 qualification or higher
Two (2) years experience within deceased estate administration environment
Proficient in MS Office (Word, Excel, PowerPoint and Outlook) and the Internet
No criminal record
Preferred Requirements
Relevant B Legal degree (LLB) or Advanced Estate and Trust Diploma or equivalent NQF level 6 qualification
Five (5) years experience in deceased estate administration environment
Preference will be given to South African Citizens and Permanent residents of South Africa in possession of proof of permanent resident status
General
The appointment will be made in line with the Divisional Employment Equity strategy
Education
Further Education and Training Certificate (FETC): Estate and Trust Management (Required)
Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.
Absa Bank Limited reserves the right not to make an appointment to the post as advertised
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