Officer: Trust Services

Job Summary

• Administer trusts in accordance with trust deeds, legal requirements, policies and procedures.
• Ensure trust assets are correctly transferred, protected and insured.
• Manage property-related matters, including insurance, rates, taxes, rental agreements and tenant administration.
• Review and process beneficiary requests, allowances and ad hoc payments.
• Oversee trust terminations and distributions to beneficiaries.
• Maintain accurate records, correspondence and trust documentation.

• Serve as the primary point of contact for trust beneficiaries, trustees and related stakeholders.
• Attend to client enquiries and requests via telephone, email, correspondence and in-person engagements.
• Provide ongoing updates regarding trust performance, investments, payments and administration.
• Ensure service delivery aligns with agreed service standards and client expectations. 

• Prepare investment proposals for trust funds in accordance with approved investment models and regulatory requirements.
• Conduct periodic reviews of trust investment portfolios.
• Present investment recommendations to Investment Committees for approval.
• Ensure implementation and monitoring of approved investment strategies.

• Monitor trust risk reports, reconciliations, overdrafts and uninvested funds.
• Identify discrepancies and implement corrective actions.
• Ensure adherence to fiduciary legislation, internal policies, anti-money laundering requirements and trust governance principles.
• Maintain audit-ready records and documentation. 

• Review and validate annual trust financial statements.
• Ensure beneficiary statements, tax schedules and supporting documents are accurate and distributed timeously.
• Maintain beneficiary records and follow up on outstanding documentation.

• Manage SARS registrations and ongoing tax compliance for trusts.
• Submit annual and provisional trust tax returns via SARS eFiling.
• Review tax assessments and arrange payment of taxes where required.
• Maintain accurate tax records and supporting documentation.

• Bachelor's Degree in Law (NQF Level 6), or
• Estate and Trust Diploma, or
• Certificate in Deceased Estates Administration, or
• Advanced Estate and Trust Diploma, or

• Minimum 2 years' experience in a fiduciary environment as a Trust Officer or Estate Administrator.

• 3 years' experience in trust administration or fiduciary services. 

• Strong knowledge of trusts, fiduciary services and relevant legislation.
• Understanding of trust taxation and SARS compliance requirements.
• Investment administration and portfolio review capability.
• Client relationship management skills.
• Strong analytical and problem-solving abilities.
• Excellent communication and interpersonal skills.
• Computer literacy and proficiency in trust administration systems.
• Ability to work independently and exercise sound judgement. 

• Client Focus
• Planning and Organising
• Attention to Detail
• Analytical Thinking
• Decision Making
• Accountability
• Results Orientation
• Adherence to Governance and Compliance Standards
• Relationship Building
• Managing Pressure and Deadlines

Education

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