Trust Officer – Cape Town needed at Absa Group Limited

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Job title : Trust Officer – Cape Town

Job Location : Western Cape, Cape Town

Deadline : July 13, 2024

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Job Description

Client Services:

  • Interact with walk-in and telephone clients, addressing inquiries and discussing trust matters.
  • Respond to client requests and queries via various communication channels, ensuring timely resolution and payments.
  • Keep clients informed of trust fund processes, procedures, and progressions.

Investments:

  • Create and review investment proposals, ensuring compliance with regulations and trust guidelines.
  • Present investment proposals to the Investment Committee and oversee implementation of approved investments.
  • Maintain accurate records of investments and file proposals for record-keeping purposes.

Check Accuracy of Risks/Reports:

  • Verify risk reports and reconcile discrepancies, correcting transactions and details as necessary.
  • Ensure timely submission of reports to management and implement correction measures where needed.

Formulate Year-End Statements:

  • Check accuracy of financial statements, prepare manual statements if necessary, and ensure timely distribution to beneficiaries.
  • Verify tax schedules and certificates of maintenance and follow up on outstanding addresses and returned mail.
  • Ensure compliance with year-end statement procedures outlined in the Trust Manual.

SARS E-filing:

  • Submit annual and provisional tax returns for trusts, verify assessments from SARS, and maintain accurate records for audit purposes.
  • Manage payments to SARS and ensure compliance with tax deadlines and regulations.

Additional Responsibilities:

  • Perform other duties as assigned by management.

Education and Experience Required

  • NQF Level 6: B Degree
  • B degree in Law (NQF level 6) (Preferred)
  • Estate and Trust Diploma (NQF level 5) (Preferred)
  •  Certificate in Deceased Estates Administration via LEAD (NQF level 7) (Preferred)
  • Advanced Estate and Trust Diploma (NQF level 6) (Preferred)
  •  Two (2) years’ experience in the fiduciary environment as trust officer (Essential)
  • Three (3) years’ experience in the trust environment (Essential)

Education

  • Further Education and Training Certificate (FETC): Financial Sciences (Required)

How to Apply for this Offer

Interested and Qualified candidates should Click here to Apply Now

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