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Entry Level Specialist: Operations
3 months ago
- 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.
To administer deceased estates ranking from normal to more complex estates which might involve Capital Gain Tax and Estate Duty.
Job Description:
Accountability:
Administration of deceased estates
Outputs to deliver this accountability:
- Receive completed deceased estate reporting documents from the Fiduciary
- Manual intake of estates.
- Report the deceased estate to all relevant stakeholders via written correspondence,
insurance companies, auditors), to obtain Letters of Executorships, certificate of
balance, evaluations of shares, deeds search, outstanding tax returns, membership of
interest in close corporation. (In terms of the Estate Administrations Act the executor
cannot administer an estate until they are in receipt of this documentation).
- On receipt of Letter of Executorship from the Master of the High Court; advertise
creditors (section 29 notification) in respect of the estate late to submit their claims
within thirty days of date of advertisement.
- Receive all relevant information as requested by the various stakeholders and start
cannot be transferred must be redeemed and it is dependable on the instructions
from the heirs / cash shortfall on the estate.
- Draft the liquidation and distribution account to reveal the true reflection of all the
SARS.
- Advertise (for twenty one (21) days) the Liquidation and Distribution account (section
in the district were the deceased resided twelve (12) months prior to date of death
and lodge the Liquidation and Distribution account with the Master of the High Court
to attain approvals on the account / estate duty assessment to ensure the executor
has adhered to its duties in terms of the Will.
- Instruct the Absa panel attorneys on the expiry date of the advertisement to lodge
heir's names and ensure completion thereof.
- Obtain final tax assessment from SARS and finalise the deceased estate, by paying
estate.
- Achieve set target as set out by management at the beginning of the year by taking in
- Ensure that all post (incoming mail, fax and correspondence) and filing is up to date
(e.g. backlog of filing / post) to management timeously.
Accountability:
Customer service
Outputs to deliver this accountability:
- Keep clients updated on progress of the estate by reporting on a monthly basis
a high standard of customer service is given
- Maintain a high standard of service during the administration process without any
client needs
- Build and maintain a relationship with various stakeholders (i.e. valuators,
continuously engaging and ensuring satisfactory client service and good relations
- Ensure that queries do not turn into complaints by addressing these within a period
Accountability:
Compliance
Outputs to deliver this accountability:
- Adhere to ABSA compliance requirements and industry related legislations in order to
- Adhere to business processes and controls practice; nonadherence may lead to
- Complete all compulsory compliance and legislation training within the required timeframes
- Adhere to risk and compliance policies in terms of Environmental Health and Safety,
- Management and Money Laundering, Sanctions etc. Nonadherence to Absa's Policy
- Be knowledgeable on the Estate Administration Act, in order to comply with all the
Education
Further Education and Training Certificate (FETC): Business, Commerce and Management