About Absa Trust
Absa Bank, a wholly owned part of the Absa Group, provides consumers and clients in South Africa with a variety of retail, commercial, wealth management, corporate, and investment products. Their goal is to generate shared value in a sustainable way and to play an important part in their customers’ and clients’ lives, empowering them to achieve more and recommending the firm to family, friends, and business associates.
Absa Group Limited, which is listed on the Johannesburg Stock Exchange, is one of Africa’s largest diversified financial services firms, with operations in 12 African nations and offices in the United Kingdom and the United States.
About the Absa Trust Learnership 2022
Absa Trust is offering a learnership programme that will help you grow your abilities in the Financial sector as you develop your professional career path. The Absa Trust Learnership is a program designed to help today’s learners realize their full potential. As you progress along your professional path, you will be exposed to the essential work environment through a series of theoretical and practical courses.
As a learner, you will be required to perform the following duties:
- Upon receipt of the Master of the High Court’s Letter of Executorship, publish (e.g., in the local newspaper and Government Gazette) a notice requiring any late debtors/creditors (section 29 notification) in respect of the estate to file their claims within thirty days of the date of publication
- Receive all necessary information as needed by various stakeholders and begin redeeming and transferring assets, e.g., any assets in the name of the dead that cannot be transferred must be redeemed, and the estate’s financial shortage is dependent on instructions from the heirs
- Prepare a liquidation and distribution account that reflects all of the assets and obligations as of the date of death, as well as any overdue tax returns to SARS
- Receive completed dead estate reporting paperwork from Fiduciary Consultants and/or the Lean system, and contact the client via phone
- Estates are manually gathered
- Report the deceased estate to all relevant stakeholders (Master of the High Court, SARS, banks, insurance companies, auditors) via written correspondence, newspaper and Government Gazette in order to obtain Letters of Executorships, certificate of balance, share evaluations, deeds search, outstanding tax returns, and membership of interest in close corporation. (The executor cannot run an estate until they get this papers, according to the Estate Administrations Act.)
- On the expiry date of the advertising, instruct the Absa panel attorneys to file the transfer paperwork with the Deeds Office to transfer fixed property into the heirs’ names and assure completion
- Obtain a final tax assessment from SARS and close out the dead estate by disbursing the funds set aside in the cash statement for the estate’s closure
- Taking into account the executor’s fees within the company’s regulations, meet the specified objective set by management at the start of the year
- Ensure that all mail (incoming mail, faxes, and letters) and filing is up to date according to corporate standards (three days turnaround time) and that any abnormalities (such as a backlog of filing/post) are promptly reported to management.
For application purposes, please kindly take note of the Absa Trust Learnership’s Reference Number: R-15929464.
If you’re certain of joining the Absa Trust Learnership, feel free to sign up! If you are still unsure whether you’d make a good fit, don’t worry. All you have to do is check the requirements below and re-check your qualifications with the selection committee’s standards. If you’d like to stand a chance of acceptance, make sure you fulfill all of the criteria that are mentioned. Failure to do so might not get you automatically disqualified, but it could reduce your chances of acceptance.
The Absa Trust Learnership Eligibility Criteria are as follows:
- Has an NQF Level 6 qualification:
- BCom Law / LLB (required)
- B Degree / Diploma in Accounting, Commerce, Financial Managenet (required)
- National Diploma in Estate and Trust or Deceased Estate (preferable)
- Owns a Further Education and Training Certificate: Business, Commerce, and Management Studies (obligatory).
Apply online: Absa Trust Learnership 2022.
It is advised that you use Google Chrome as your browser to access the above-mentioned website.
To submit their applications, candidates must first register on the application platform. For the length of the registration procedure, this account will be necessary.
You grant permission to the selection committee to use your personal information for the purpose of enrolling you for the event by submitting your applications.
Candidates must submit their applications using the above-mentioned website. The selection committee will reject items submitted by other methods, such as personal delivery or fax.
Application is available as long as it is not deleted on its official website.
Make sure you secure your application as soon as possie by registering early. The purpose behind this is to ensure that you have a safe position during the recruitment phase (however, it doesn’t guarantee immediate success).
Absa Trust holds all rights to provide anyone with a job position or not. All decisions made by the selection committee are final.