time left to apply End Date: December 13, 2024 (1 day left to apply)
job requisition id R-15970121
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 the 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.Manage all types of trust assets, Policies, Investments and fixed properties.Ensure that assets are bought, sold or rented at the best possible price.Ensure that all trust's assets have been adequately and timeously insured.Ensure that all Municipality rates and 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/ Road Accident Fund & South African Revenue Services.Manage various daily, monthly, annual reports.Provide guidance to the Trust Officers with the tracing of beneficiaries.Evaluate and approve the final termination statements.Approve the final payments to clients.Administer the process of paying of funds to the Guardian funds when the beneficiaries are not traceable.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 the Trust Officers provide feedback to clients continuously.Ensure that Absa Group's telephone etiquette is adhered to.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 by the Trust Officers.Ensure that the Tax returns are completed, submitted and paid in time.Leadership Develop a high performing Trust team by embedding formal performance development process.Coach the Trust Officers on meaningful Performance Development discussions.Compliance Ensure adherence to ABSA's compliance requirements and industry related legislations.Own and agree corrective action items with the Internal Audit and Management Assurance.Qualifications and Experience • NQF Level 6: B Degree • B Comm. Degree • Advanced Certificate Estate & Trust Diploma • LEAD Certificate in Deceased Estates • Four (3) years' experience in Fiduciary Sector • Three (3) years' experience in management • Three (3) years' experience within the Fiduciary environment in Trust Administration • Two (2) years' experience in Education Bachelor's Degrees and Advanced Diplomas: 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. Absa Bank Limited reserves the right not to make an appointment to the post as advertised.
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