Job Description

Company Description

Standard Bank Group is a leading Africa-focused financial services group, and an innovative player on the global stage, that offers a variety of career-enhancing opportunities - plus the chance to work alongside some of the sector's most talented, motivated professionals. Our clients range from individuals, to businesses of all sizes, high net worth families and large multinational corporates and institutions. We're passionate about creating growth in Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.

• To manage and administer the end to end process of deceased estates which might involve Capital Gain Tax and Estate Duty. This is aligned to the specific requirements of the STL strategy, legislation, business plans and processes.
• Administer the end-to-end process for the estate, track and monitor progress against the laid down milestones and timelines.
• Communicate with all heirs in writing on regular basis and/ or on each milestone reached (i.e., giving them a regular update on the status of the estate).
• On receipt of Letter of Executorship from the Master of the High Court; advertise (e.g. in the local newspaper and Government Gazette and for any debtors /creditors - section 29 notification) in respect of the estate late to submit their claims within thirty days of date of advertisement.
• Report the deceased estate to SARS, banks, insurance companies, auditors etc. after receipt of the Letters of Executorships to obtain certificate of balance, evaluations of shares, deeds search, outstanding tax returns, membership of interest in close corporation. (In terms of the Estate Administrations Act, the executor cannot administer an estate until they are in receipt of this documentation).

Qualifications

Matric

Higher Certificate: Legal

Additional Information

• Maintain a high standard of service during the administration process by providing excellent client service (i.e., adhering to the laid down client experience methodologies, showing empathy throughout the process etc.)
• Monitor and control the follow up process by actioning the daily file reviews and diary notes.
• Receive all relevant information as requested by the various stakeholders and start redeeming and transferring assets e.g. all assets in the name of the deceased which cannot be transferred must be redeemed and it is dependable on the instructions from the heirs / cash shortfall on the estate.

Standard Bank