Specialist Africa Tax Risk

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Job Summary

To deliver and ensure statutory tax compliance for an assigned portfolio of taxpayers in the Group or specific tax discipline within the business and provide tax advice where appropriate.

Job Description

Key Accountabilities

Financial and management reporting

• Reporting: Monthly Effective Tax Rate explanations for assigned cluster - providing guidance and support to Corporate and Investment Banking, Group Company (Hold Co) and SA Treasury.
• Providing tax disclosure for assigned cluster and subsidiaries.
• Preparing and distributing the required corporate tax reporting and disclosure on tax for the assigned portfolio / cluster in support of Financial Statements and SARS disclosures.
• Monitoring and consolidation of future tax relief and providing disclosure for Annual Financial Statement purposes for the consolidated Group results.
• Preparation of Bank Group and SA Group Subsidiary ETRs for consolidated result publications and commentary on a quarterly basis. Contributing to Board Packs in relation to corporate tax status (returns, filings and payments). • Assist with tax forecasts and effective tax rate attestations.
• Preparing bi-annual competitor analysis for consolidated group on effective tax rates.

Tax advice

• Provide advice on day-to-day income tax matters as and when required for portfolio of taxpayers.
• Support subsidiaries with tax issues when required and managing the SARS relationship and e-filing profile
• Attend and assist with tax related queries received from SARS or business.
• Manage external professional service providers on tax matters when applicable.

Income Tax compliance and administration.

• Complete and/or review and assist with the lodgement of income tax returns (annual income tax and provisional tax, including paragraph 19(3) replies) with regards to the portfolio of companies - CFCs of Absa Bank and Absa Group Companies included for all calculations and IT10 preparation.
• Update income tax templates and do maintenance, annual returns and provisional tax returns where applicable including external queries on allocated subsidiaries related information and computations. • Update database with payments made to tax authorities and monitor tax status of portfolio.
• Ensure the use of Konsise for tracking and bulk payments. Act as e-filing admin on all corporate income tax compliance related matters for the Group (e.g. Tax Clearance Certificates, refund banking detail verification, deregistration of taxpayers etc.)
• Attend to SARS queries and assist with lodging objections, appeals or VDP’s.

Networking

• Manage and develop relationships with the key business areas and the group.
• Maintain and enhance the existing relationship with SARS and External Tax Auditor personnel.

Training

• Provide training and tax presentations to the relevant business areas on the current tax legislation and updates on changes to the legislation.
• Complete all training requirements

Role/Person Specification

Education and Experience

• Bachelor’s degree in Accounting is essential
• Post-graduate degree or diploma in Income Tax is required
• Minimum 5 years’ experience in income tax compliance – SARS e-filing and correspondence • Corporate and investment banking tax experience and submission or preparation of returns will be advantageous

Knowledge and Skills

• Exceptional MS Excel skills including proficiency in macros
• Above average MS Office skills including Word and PowerPoint
• SARS e-filing experience required. Konsise, SAP, COUPA & BW knowledge will be beneficial.

Education

Bachelor`s Degrees and Advanced Diplomas: Financial Sciences (Required)

Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

Absa Bank Limited reserves the right not to make an appointment to the post as advertised