Junior Analyst: Specialist Operations

2 weeks ago

Pretoria, South Africa Absa Bank Limited Full time

Bring your possibility to life Define your career with us
- 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 efficient administrative support to the Deceased Estate Administrator in the administration of Deceased Estates.

**Job Description**:
basis (e.g. doctors claim in respect of the estate).

Load information (e.g. the doctor¦s claim) onto the Citrix system (Absa Trust

system) and send the system generated standard confirmation letter to the doctor

acknowledging the claim.

Follow up with the relevant intermediaries (e.g. Bank, Valuators, Policyholders,

Computer Shares) on all certificates of balance (i.e. value of assets at date of death)

and interest certificates (i.e. interest of values as at date of death), to ascertain

asset values to enable the Estate Administrator to draw up the Liquidation and

Distribution account for lodgment with the Master of the High Court.

Follow up the Valuators on the valuations of the fixed and movable assets in order

for the Estate Administrator to draw up the Liquidation and Distribution account.

Follow up with the Master of the High Court when the Letter of Executorship will

be issued in order for the Estate Administrator to administer the Deceased Estate.

Place Section 29 advertisement in respect of Debtors / Creditors of the deceased

estate in the local newspaper only once the Letter of Executorship has been

received from Master of High Court.

Place Section 35 advertisement in respect of Liquidation and Distribution account

of the deceased estate in the local newspaper only once approval received from the

Master of the High Court.

Capture certificate of balance (i.e. doctors, furniture, clothing accounts) in respect

of the deceased estate on the Magic System (Absa Trust System) to enable the

Estate Administrator to allocate payment accordingly.

Lodge the Liquidation and Distribution account with all relevant attachments to

the Master and send copies to the heirs/trustee, attorney to the transfer of the

fixed property and the Magistrate(s).

On receipt of instruction from the Estate Administrator, close the deceased's bank

accounts and collect other outstanding documents (e.g. if policy is ceded to the

estate, assistants needs to collect proceeds).

On receipt of instruction from the Estate Administrator, complete documents (e.g.

transfer of vehicle form NCO) and standard letters for the transfer of movable

assets (i.e. vehicles, firearms, shares, unit trust, growth funds, cession of policies

etc.)

statements etc. timeously in the allocated deceased estate file.

Lodge medical claims with the medical aid (in the case if any medical aid claims

were not submitted /processed prior to death). Follow up on the settlement of the

claim with the medical aid, if not settled, will be settled by the estate, by processing

payment on the Citrix system and hand file over to the Estate Manager for

authorisation and release of payment.

On receipt of instruction from the Estate administrator, attend to the payment of

claims for e.g. (any outstanding doctors bills, furniture accounts, clothing, credit

card etc.) in respect of deceased estate.

Follow up with SARS, pension fund, medical aid on any outstanding IRP5 and

IT3(a) certificates, medical certificates, interest and dividend certificates and hand

over to the Estate Administrators to enable them to complete the tax returns etc.

in respect of the deceased estate.

On receipt of instruction from the Estate Administrator, type standard

accompanying letters to attach the cash statements drawn up by the Estate

Administrator to heirs/beneficiaries.

Follow up with SARS on the tax assessment in order for the Estate Administrator to

finalise the deceased estate.

Attend to all outstanding requests received from the Master of the High Court (e.e

bank statements, advertisements etc.) once the deceased estate has been finalised.

Ensure that all final documentation (all claims are paid, advertisements, bank

statements etc.) are finalised in order for the Estate Manager to sign-off and close

the deceased estate file.

Provide a professional and high standard of service at all times, electronically via

Adhere to Absa compliance requirements and industry related legislations in order

to maintain a high standard of service

Adhere to business processes and controls practice; non-adherence may lead to

disciplinary actions

Complete all 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 etc. Non-adherence to Absa's Policy and Procedur

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