Senior Tax Specialist: Group Tax Advisory

Apply now »

Date: 10-Jun-2021

Location: Bellville, Western Cape, South Africa

Company: Sanlam Group

Who are we?

Sanlam was established as a life insurance company in South Africa but has since transformed into a diversified financial services group that operates across the African continent, India, Malaysia and selected developed markets, with listings on the Johannesburg, A2X and Namibian stock exchanges. In 2018 the Group celebrated its centenary as well as 20 years since demutualisation and listing in South Africa and Namibia. Sanlam is one of the largest internationally active insurance groups in the world with a presence in 43 countries and has the biggest non-banking financial services footprint on the African continent.

 

The Group's four business clusters (Sanlam Life and Savings, Sanlam Investment Group, Sanlam Emerging Markets and Santam) house the Group's business operations. The Group Office provides strategic direction and support to the four clusters, assisting them in realising their strategies and meeting their business objectives. The Group Office is responsible for governance and for the Group's centralised functions, which include: Finance, Actuarial and Risk Management, Strategy, Human Resources, Market Development and Brand Services.

 

What will you do?

The Sanlam Group Tax function forms part of the Group Office and is responsible for the tax risk management framework of the Sanlam Group and to provide expert technical advice and support to business units in order to ensure that the Sanlam Group adheres to its tax payment and withholding obligations and comply in all respects with relevant tax legislation. 

 

The role offers a challenging blend of technical strength and ability, strategic input, risk management and relationship building, whilst required to lead and guide with influence and meticulous execution and implementation. Reporting to the Head of Sanlam Group Tax Advisory, the incumbent will work closely with the wider Sanlam Group Tax team and business units within the Sanlam Group. 

What will make you successful in this role?

The incumbent’s responsibilities include the following:

  • Analyse and provide advice to Sanlam Group businesses on tax consequences of new investment products (including hybrid instruments and derivative transactions) and implementation requirements (compliance, substance and commercial pragmatic requirements).  
  • Analyse and provide advice to business on tax consequences of group reorganisation transactions, mergers and acquisitions and other corporate actions within the Sanlam Group.  Oversee implementation of aforementioned transactions from a tax technical perspective throughout all phases including due diligence, internal approvals agreement review, regulatory application review, transaction completion and tax compliance disclosures.   
  • Review of proposed changes to tax legislation, interpretations and/or best practice, consider impact on Sanlam Group and/or industry and formulate responses and comments at industry forum level as well as to external stakeholders such as SARS and National Treasury.
  • Review of changes to tax legislation, interpretations and/or best practice, consider impact on Sanlam Group and actions required to mitigate adverse impact and/or to ensure compliance.   
  • Oversee, manage and advise on most appropriate actions in relation to SARS dispute process including information requests, SARS responses, objections and appeal, dispute resolution and briefing of external advisors.
  • Oversee and manage binding tax ruling applications and process as well as voluntary disclosure programme applications. 
  • Oversee and manage process for external technical advice.
  • Provide targeted tax technical training to business units (including group tax function) to ensure implementation of tax advice, and timely consideration and/or identification of tax implications of new transactions.
  • Represent Sanlam Group on appropriate industry forums, where applicable.
  • Consider and advise on process improvement / amendments, required controls and governance in response to changes to legislation, interpretation or best practice.
  • Develop and advise on required tax risk management controls and governance for ad hoc, non-ordinary course of business transactions.
  • On-going liaison with head of group tax risk management and compliance to ensure adequate communication of tax technical, compliance and disclosure updates to business units.
  • Technical assistance and guidance for risk management and compliance process training requirements and  
  • Guidance and formulation of tax technical requirements for knowledge management database.

Qualifications and Experience

  • Chartered Accountant or a registered attorney with at least B.Com LLB 
  • Post-graduate tax qualification
  • More than eight years of relevant experience in a tax practice and/or corporate tax function;
  • Experience in conducting technical research and providing tax advice;
  • Proven business knowledge, general understanding of the financial services industry and commercial acumen;
  • Working knowledge of company law and financial services regulatory environment

Knowledge and Skills

Complex tax calculations
Analysis and research
Deals with SARS
Tax advice
Tax research and advice and computes tax

Personal Attributes

Business insight - Contributing strategically
Communicates effectively - Contributing strategically
Decision quality - Contributing strategically
Manages complexity - Contributing strategically

Build a successful career with us

We’re all about building strong, lasting relationships with our employees. We know that you have hopes for your future – your career, your personal development and of achieving great things. We pride ourselves in helping  our employees to realise their worth. Through its four business clusters – Sanlam Life and Savings, Sanlam Investment Group, Sanlam Emerging Markets, Santam, as well as MiWay and the Group Office – the group provides many opportunities for growth and development.

Core Competencies

Being resilient - Contributing strategically
Collaborates - Contributing strategically
Cultivates innovation - Contributing strategically
Customer focus - Contributing strategically
Drives results - Contributing strategically

Turnaround time

The shortlisting process will only start once the application due date has been reached. The time taken to complete this process will depend on how far you progress and the availability of managers. 

 

The closing date for applications is 25 June 2021.

Our commitment to transformation

The Sanlam Group is committed to achieving transformation and embraces diversity.  This commitment is what drives us to achieve a diverse, inclusive and equitable workplace as we believe that these are key components to ensuring a thriving and sustainable business in South Africa.  The Group's Employment Equity plan and targets will be considered as part of the selection process.