Administrator Estates

1 week 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 administer deceased estates ranking from normal to more complex estates which might involve Capital Gain Tax and Estate Duty.

**Job Description**:
Key Responsibilities:

- Intake and reporting of the deceased estate to the Master of the High Court to obtain Letters of Executorship.
- On receipt of Letter of Executorship from the Master of the High Court; place statutory advertisements; obtain all relevant information from the various stakeholders.
- Draft the liquidation and distribution account to reveal the true reflection of all the assets and liabilities as at date of death and submit any outstanding tax returns to SARS.
- 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 the transfer documents with the Deeds Office to transfer fixed property into the heirs names and ensure completion thereof.
- 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 by taking in the executor's fees within the company norms.
- 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 reserves the right not to make an appointment to the post as advertised_

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