Purpose of the Role

The Financial Consultant Taxation will be responsible for the accounting of international endowment products, streamlining of processes and the reconciliation and payment of relevant tax on the local and international endowment products within the business. This role will support business through analysis, implementation and compliance with legislative tax requirements and changes. Provides guidance on tax compliance and reporting across various tax types. Prepares and reviews tax returns, supports audits, and advises business units on tax-related queries. Ensures accurate application of tax laws and internal policies. This role is based in Cape Town.

The following outcomes will be expected to be achieved:
•    Manage tax reconciliation, payments, accounting and reporting for local and offshore endowment products. 
•    Accounting and reporting of the products and the taxes on SAP and to Sanlam.
•    Implement and test legislative, product and system-related tax changes across financial controls, SARS submissions and reporting processes.
•    Provide feedback and support to management, tax and operational teams on tax reporting requirements, queries and issues.
•    Drive process improvements, automation, SARS related project input, audit support and ad-hoc accounting and tax activities.
•    Support tax-related projects through requirements analysis, data gathering, impact assessment and testing.
•    Engage with internal stakeholders, SARS, third parties, outsourced service providers and international stockbrokers on tax, reporting and operational matters.

Overview of Role Responsibilities (Level 1-13)

Tax- Level 6 - Adaptation
Deliver preestablished outcomes for designated tax areas by working within established tax systems.

Data Collection and Analysis- Level 5 - Application
Collate and analyze data using preset tools, methods, and formats. Involves working independently.

Data Management- Level 5 - Application
Help others get the most out of data management systems by providing support and advice.

Insights and Reporting- Level 5 - Application
Contribute to the preparation of various data and analytics reports.

Document Preparation- Level 5 - Application
Organize and prepare complex documents using a variety of applications for technology devices, such as standard office software. Also responsible for gathering and summarizing data for special reports.

Additional role responsibilities

• Reconciliation
• Project implementation and optimisation
• Stakeholder Management

Required Skills

Database Reporting - Fully Competent
Works with full competence to use database reporting tools and techniques. Typically works without supervision and may provide technical guidance.

Computer Skills - Fully Competent
Works with full competence to understand and effectively use standard office equipment and standard software packages to support business processes. Typically works without supervision and may provide technical guidance.

Data Collection and Analysis - Fully Competent
Works with full competence to determine and analyze trends from data that is collected to assist in compiling reports that will help in decision-making. Typically works without supervision and may provide technical guidance.

Numerical Skills - Fully Competent
Works with full competence to understand numerical concepts and use them to carry out mathematical operations e.g. in order to analyze reports. Typically works without supervision and may provide technical guidance.

Tax preparation - Fully Competent
Works with full competence to accurately and comprehensively compile, analyze, and complete tax-related documents and filings in accordance with relevant tax laws and regulations. Typically works without supervision and may provide technical guidance.

Taxation Methodologies - Fully Competent
Works with full competence to analyze, report and advise on company tax issues. Typically works without supervision and may provide technical guidance.

Additional required skills

• SARS Reporting & Regulatory Compliance
• Financial Reporting
• SAP Financials
• Process Improvement & Automation
• Stakeholder Management
• Business Analysis
• Project Delivery & Testing
• Audit Support
• Financial Controls & Governance
• Data Analysis
• Risk & Compliance Management
• Advanced Microsoft Excel and Reporting Tools

Education
•    A financial related qualification in Finance, Accounting, Taxation is preferred.
•    Honours Degree in Taxation is advantageous.
•    Professional qualification and current membership with a recognised professional body, such as the South African Institute of Chartered Accountants (SAICA) or the South African Institute of Taxation (SAIT).
•    Minimum of three years’ experience in a similar role; preferably within the financial services industry;
•    Completed articles will be an added advantage
•    Knowledge of endowment products, unit trusts and long-term insurance business; specifically in a LISP environment will be an added advantage;
•    Thorough knowledge of SARS reporting requirements;
•    Computer Skills (MS Word, MS Excel, SAP Financials).

General Experience

Minimum of 3 years

Required Behavioural Competencies