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 Management of the administration of Testamentary Trusts, Agencies, Inter Vivos Trusts, Curatorships, Policy Trusts, Road Accident Fund Trusts and Medical Negligence Trusts in accordance with the Trust Mandate, by ensuring that all assets are properly and timeously invested, insured, and administered to the optimal benefit of the beneficiaries within the legislative parameters.
Job Description Key Accountabilities Management of the general administration of Trusts Keep abreast of knowledge and skills relevant to the fiduciary industry by reading all communication received from the legal department and attending all informative sessions.Evaluate all new files for correctness, feasibility, and addressing potential risks.Ensure that all new files have been captured and added correctly on the trust system.Evaluate and approve/decline all requests from the Trust Officer for financial assistance within approved boundaries.Manage all types of trust assets, Policies, Investments, and fixed properties.Ensure that assets are bought, sold, or rented at the best possible price and in the best interest of the Beneficiary/Trust.Ensure that all trust's assets have been adequately and timeously insured.Ensure that all Municipality rates, taxes, and rent agencies have been paid timeously.Evaluate, approve/decline continuous monthly and daily debit orders and ad-hoc requests.Interact with Funds/Executors/Attorneys/Co-Trustees/Masters Office to discuss the Trust.Manage various daily, monthly, annual reports.Provide guidance to the Trust Officers with tracing beneficiaries.Evaluate and approve the final termination statements.Approve the final payments to clients.Client Service Interact with walk-in and telephone clients on a daily basis.Attend to requests/queries received per SMS, e-mail, mail, or fax.Ensure that Trust Officers provide feedback to clients continuously.Ensure adherence to Absa Group's telephone etiquette.Ensure that the Trust department keeps to the guidelines of the Service Level Agreement.Investments Keeping abreast of the latest available investment types.Managing the revision of existing investment proposals.Ensuring that investments are placed as approved.Reports Check reports on a monthly basis for discrepancies.Finalize the reports on/or before the agreed date.Year End Statements Spot checking the capturing of transactions by the Trust Officer.Follow up on outstanding beneficiary address and update the trust system.SARS E-Filing Evaluate and approve the submission of IT12TR returns.Ensure that the Tax returns are completed, submitted, and paid in time.Leadership Develop a high performing Trust team.Coach the Trust Officers on the meaningful Performance Development discussions.Compliance Ensure adherence to ABSA's compliance requirements.Own and agree corrective action items with the Internal Audit.Experience Qualification • NQF Level 6: B Degree • Advanced Certificate Estate & Trust Diploma • Four (4) years' experience within the Fiduciary environment • Three (3) years' experience in managing peopleEducation Bachelor's Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)
Absa Bank Limited is an equal opportunity, affirmative action employer.
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