Senior estate specialist | centurion
Centurion, Gauteng
R 200000 ZA Per annum
Our client, a leading Asset Management Firm, is on the hunt for a Senior Estate Specialist, you will be responsible for winding up the deceased estates (which will mainly include Businesses Interest).
Key Outputs:
To meet with interested parties (Accountants, Attorneys, Shareholders, Financial institution’s/the Master of the High Court/ SARS/heirs/financial planners etc.) to discuss and resolve any issue that may arise from putting a Business into Business Rescue or Liquidation, to obtaining Business valuations and Financials for SARS Estate duty purposes
To understand and apply the various sets of legislation that impact on the process such as:
The Administration of Estates Act 66 of 1965 as amended and the Insolvency provisions as they relate tothe administration of insolvent deceased estates.
The Intestate Succession Act.
The Matrimonial property Act
The Wills Act
Estate duty Act.
Firearm control Act
FICA, FAIS, POPI ETC
The SARS taxation framework (Business , personal Tax, Estate duty , CGT etc)
Exchange control implications for heirs not resident in SA.
To understand and apply such understanding in dealing with Assets which are not held in South Africa, and the implications of Situs and the appointment of an Offshore Executor.
To understand and apply the wider process requirements of the various Financial /Legal/SARS etc to be able to move the estate forward in an appropriate timeframe.
To understand and apply the accounting framework as set out in the Administration of Estates act, and wider best practice as it relates to balancing the estate account and ongoing cash statement and cash reconciliation accounting, as well as understanding Financials statement of Businesses and the Taxation calculation’s required by SARS (Personal Tax, Business Tax CGT and Estate duty).
Client:
Build and maintain relationships with internal and external stakeholders
Participate and contribute to a culture of work and client centric thinking, productivity, service delivery and quality management
Continuously monitor turnaround times and quality standards and resolve issues speedily to enhance client service delivery
Manage client query processes and ensure that queries are tracked, accurately resolved and used as a mechanism to improve client service and business processes
Build and maintain relationships with clients and internal and external stakeholders
People:
Participate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service
Develop and maintain productive and collaborative working relationships with peers and stakeholders
Positively influence and participate in change initiatives
Continuously develop own expertise in terms of professional, industry and legislation knowledge
Contribute to continuous innovation through the development, sharing and implementation of new ideas
Take ownership for driving career development
Experience and Qualifications:
Qualifications:
UFS – Advance Diploma in Estate and Trust Administration
Additional qualifications relevant to Deceased Estate administration
FISA Membership (advantageous)
Extensive tax knowledge and dealing with Business Interest are critical elements
Experience:
Minimum 5 – 8 years experience working with estate administration.
Tax knowledge and dealing with Business Interest (essential)
Competencies Required:
Good Communication Skills
Business Acumen
Customer/ Stakeholder Commitment
Drive for Results
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