ABSA Internship 2022/2023… How to apply, intern requirements, eligibility, online application form, application closing date 2022-2023, salary scale, interview questions sample, and lots.
Applications are invited from suitably qualified applicants for the ABSA Internship Programme 2022. Learn about the process you’ll take to complete the application below.
An internship is a period of work experience offered by an organization for a limited period of time. An internship is used for a wide range of placements in businesses, non-profit organizations, and government agencies. They are typically undertaken by students and graduates looking to gain relevant skills and experience in a particular field.
ABSA Internship Application Details 2022/2023
Interested applicants can apply for the ABSA Internship 2022 provided they qualify and meet the program requirements.
All qualified applicants will receive consideration without regard to sex, race, color, age, national origin, religion, sexual orientation, gender identity, protected veteran status, disability, or other protected status.
Responsibilities:
- Receive completed deceased estate reporting documents from the Fiduciary Consultants and or Lean system and make telephonic contact with the client.
- Manual intake of estates.
- Report the deceased estate to all relevant stakeholders via written correspondence, newspaper, and Government Gazette (Master of the High Court, SARS, banks, insurance companies, auditors), to obtain Letters of Executorships, certificate of balance, evaluations of shares, deeds search, outstanding tax returns, membership of interest in a close corporation. (In terms of the Estate Administrations Act the executor cannot administer an estate until they are in receipt of this documentation).
- On receipt of Letter of Executorship from the Master of the High Court; advertise (e.g. advertise 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 the date of advertisement.
- 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.
- Draft the liquidation and distribution account to reveal the true reflection of all the assets and liabilities as at the date of death and submit any outstanding tax returns to SARS.
- Advertise (for twenty-one (21) days) the Liquidation and Distribution Account (section 5 notification) in the local newspaper / Government Gazette and with the Magistrate in the district where the deceased resided twelve (12) months prior to the date of death and lodge the Liquidation and Distribution account with the Master of the High Court to attain approvals on the account/estate duty assessment to ensure the executor has adhered to its duties in terms of the Will.
Requirements / Fields of study:
NQF Level 6 or Higher
- Bcom Law or LLB (Essential)
- B Degree or Diploma in Commerce, Accounting, Financial Management (Essential)
- National Diploma in Estate and Trust or Deceased Estate (Advantageous)
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