Primary Location: ZA-Western Cape
Job Type: Permanent/Regular
Posting Range: 24 Feb 2015 - 4 Mar 2015
Description
The purpose of this role is to manage the administration of
Testamentary Trusts, Agencies, Living Trusts, Curatorships, 3rd Party Trusts,
Employee Beneficiary Trust and Employee Beneficiary Funds 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.
Key responsibilities
· 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
· Evaluate
and approve/decline all requests from the Trust Officer for financial
assistance
· Look
at files that are not financially viable
· Check
all types of Trust assets, Policies, Investments and fixed properties (i.e.
farms, houses etc)
· Check
that assets are bought, sold or rented at the best possible price and in the
best interest of the Beneficiary/ Trust
· Check
and monitor that all trusts assets have been adequately and timeously insured
by the approved insurer
· Interact
with Funds/ Executors/ Attorneys/ Co-Trustees/ Masters Office/ Road Accident
Fund & South African Revenue Services (where applicable) to discuss the
Trust.
· In
more complex cases interact with walk-in and telephone clients on a daily
basis, with regards to complaints, queries, legal advice etc.
· Manage
various daily, monthly, annual reports
· Ensure
that the Trust department keeps to the guidelines of the Service Level
Agreement with Funds and other parties
· Keep
abreast of the latest available investment types by knowing what the different
interest rates are, the potential capital growth as well as potential risk.
· Keep
abreast of the different investments suitable for individuals and Trust
· Manage
the revision of existing investment proposals - annually or as prescribed
· Check
reports on a monthly basis for discrepancies, e.g. Reconciliations
· Work
through and correct transactions/details where applicable
· Check
that all hand fees are taken timeously
· Develop
a high performing Trust team by embedding formal performance development
process, coaching and mentoring of the Trust Officers.
· Coach
the Trust Officers on the meaningful Performance Development discussions.
· Ensure
that performance development plans are appropriately undertaken for all the
Trust Officers and monitored on a quarterly basis.
· With
the support of the Human Resources interview and recruit direct reports
· Check
the adherence to ABSA's compliance requirements and industry related
legislations within teams and highlight the discrepancies to the Trust Officer
and provide guidance
Competencies
· Working
with people
· Planning
and organising
· Adhering
to principles and values
· Delivering
results and meeting customer expectations
· Analysing
· Deciding
and initiating action
· Coping
with pressure and setbacks
· Relating
and networking
General
· The
appointment will be made in line with the Divisional Employment equity strategy
Essential/Basic Qualifications
· At
least two (2) years’ experience in intermediary services
· At
least four (4) years’ experience within the Fiduciary environment as a Trust
Officer
· At
least two (2) years’ experience in managing people
· Proficient
in MS Office (Word, Excel, PowerPoint and Outlook) and the Internet
· No criminal
record
Preferred requirements
· Certificate
or Diploma in Tax Law
· Post
graduate degree or equivalent NQF level 7 qualification
· At
least five (5) years’ experience within the Fiduciary environment as a Trust
Officer or Estate Administrator
· At
least five (5) years’ experience in Intermediary Services
· Preference
will be given to South African Citizens and Permanent residents of South Africa
in possession of proof of permanent resident status
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