Manager: Tax reporting & Corp Act at Nedbank

Job Purpose

Management of the administration of corporate actions both locally and offshore, and responsible to manage the regular tax reporting projects together with the team assigned to the tax reporting project.

Job Responsibilities

Responsible for the corporate actions administered by the team:

• Notification of corporate actions, internally and externally

• Ensure adequate communication of elections

• Collation of elections both internally and externally

• Establish rules and processes for the application of cost prices for tax reporting

• Participate in vendor group sessions to discuss corporate actions

• Participate in internal meetings regarding corporate actions

Implement efficient processes and straight through processing as far as possible.

Ongoing review of all transactions that affect tax reporting, for example share scheme allocations.

Recommend process improvements within the team and the broader operations team to ensure accurate tax reporting.

Dividend Withholding Tax refunds:

• Manage the relationship with the external service provider

• Ensure data provision is adequated

• Communicate to the business on enhancements to the DWT services

• Design and implement process improvements

Tax reporting project

• Responsible to ensure all tax related data is received from external providers timeously, kept up to date continuously, and processes are aligned to ensure an accurate tax reporting outcome

• Address client queries and complaints with the team and the portfolio managers as necessary

• Manage the timelines of data with external financial services providers

• Maintain and distribute a FAQ document internally

• Communicate well to keep the business informed of timelines/issues etc

Establish and maintain relationships with the Group Tax teams:

• Where necessary gain advice from Group Tax for interpretation of corporate actions and application of cost prices for tax reporting

People Specification

Essential Qualifications - NQF Level

• Matric / Grade 12 / National Senior Certificate

• Advanced Diplomas/National 1st Degrees

Preferred Qualification

CA(SA) (preferred)

MCom - Tax (preferred)

Essential Certifications

Preferred Certifications

ACI, registered Persons Exam (RPE)

Type of Exposure

• Managing a team of managers

• Developing succession plans

• Formulating and implementing communication strategies to cascade functional strategies

• Building a community of leaders

• Conducting benchmarking and analysis to investigate improvement opportunities

• Identifying/selecting talent

• Executing major organisational change

• Developing a divisional strategy plan

• Networking and building relationships

• Developing a stakeholder management grid for the business

• Establishing and maintaining collaborative relationships with peers / managers

• Assisting/Developing resource plans to execute functional strategies

• Managing a department or area

• Making financial decisions

Minimum Experience Level

2 years Tax reporting experience within Financial Services/Private Wealth/Stockbroking industry.

Technical / Professional Knowledge

• Strategic planning

• Budgeting

• Financial Accounting Principles

• Performance management

• Business administration and management

• Business principles

• Business terms and definitions

• Communication Strategies

• Staff resource planning

• Operations planning

• Employee training/development

• Diversity management

• Relevant Nedbank product knowledge

• Relevant regulatory knowledge

• Governance, Risk and Controls

• Change management

• Principles of project management

• Business writing skills

• Management information and reporting principles, tools and mechanisms

• Service level agreements

• Consumer behaviour

• Client Service Management

• Client service principles

• Organisational systems

Behavioural Competencies

• Building Partnerships

• Planning and Organizing

• Building talent

• Delegation and Empowerment

• Coaching

• Leading Change