Junior Specialist Estate Administrator

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

• Report the deceased estate to the Master of the High Court to obtain Letters of Executorship.
• On receipt of the Letters of Executorship, report the deceased estate to all relevant stakeholders to obtain certificates of balance, valuations of shares, deeds search, outstanding tax returns, membership of interest in close corporation etc.
• 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 for approval.
• Attend to the finalisation of the estate as per the Estate Administration Act and Company specific norms.
• Achieve targets as set out by management at the beginning of the year or as updated during the course of a period.
• Keep clients updated on progress made with the administration of the estate on a monthly basis (telephonically, written correspondence, etc) in a professional manner and ensure that a high standard of customer service is maintained.
• Build and maintain relationships with various stakeholders (i.e. valuators, auctioneers, attorneys, Master of the High Court, South African Revenue Service).
• Be knowledgeable on the Estate Administration Act, in order to comply with all the legal aspects in deceased estates.

Education

Higher 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 whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

Absa Bank Limited reserves the right not to make an appointment to the post as advertised