Empowering Africa’s tomorrow, together…one story at a time.
With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.
Job Summary
To provide advice and support in operational management and to develop, maintain and enhance operational business relationships, through the execution of predefined objectives as per agreed SOPs.
Job Description
- Intake and reporting of the deceased estate to the Master of the High Court;
- Place statutory advertisements; obtain all relevant information from the various stakeholders;
- Draft the liquidation and distribution account and reconciliation statements,;
- Lodge the Liquidation and Distribution account with the Master of the High Court;
- Instruct the Absa panel attorneys to attend to the transfer of the fixed property into the heirs names and ensure completion thereof;
- Submit any outstanding tax returns to SARS, obtain final tax assessment from SARS and finalise the deceased estate.
- Achieve set production target as set out by management.
- Keep clients updated on progress of the estate by reporting on a monthly basis (telephonically, written correspondence, etc) in a professional manner to ensure that a high standard of customer service is given.
- Maintain a high standard of service during the administration process without any supervision, by providing excellent customer service and immediate attention to client needs.
- Build and maintain a relationship with various stakeholders (i.e. valuators, auctioneers, attorneys, Master of the High Court, South African Revenue Service) by continuously engaging and ensuring satisfactory client service and good relations.
- Be knowledgeable on the Estate Administration Act, in order to comply with all the legal aspects in deceased estates.
Education and Experience Required:
- 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.
- Knowledge of Administration of Estates Act (Solid)
- Knowledge of Intestate Succession Act (Solid)
- Knowledge of Financial Statements (Basic), Knowledge of Estate Duty Act (Basic)
- Knowledge of Wills Act (Basic).
- Knowledge of Income Tax Act (Basic)
Education
Further Education and Training Certificate (FETC): Business, Commerce and Management Studies (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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