Tax Specialist – Group Functions and Oversight - AVP at Absa

Job Summary

To deliver and ensure statutory tax reporting and compliance for a specific portfolio of companies or specific tax discipline within the Group Tax: Functions and Reporting and provide tax advice where appropriate.

Job Description

Key Accountabilities

 Accountability: Financial and management reporting

• Reporting: Monthly Effective Tax Rate explanations for assigned cluster. Quarterly reporting through tax consolidation of all entities rolling up into ABSA Bank Group Limited (consolidated) as well as AGL (company and SA subsidiaries) consolidated.
• Providing tax disclosure for ABSA Bank Group Limited (consolidated) and AGL consolidated and AGL Company separately.
• Preparing and distributing the required BASEL III reporting template and disclosure on deferred tax assets for the Group.
• Monitoring and consolidation of future tax relief and providing disclosure for Annual Financial Statement purposes.
• Preparation of assigned Board Packs and minutes.
• Assist with tax forecasts and effective tax rate attestations.

Accountability: tax advice

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

Accountability: tax compliance and administration

• Tax accounting of AGL and its subsidiaries, as well as the Absa Bank subsidiaries with the view to assess the Effective tax rate (ETR).
• Complete and/or review and assist with the lodgement of tax returns (annual income tax and provisional tax) with regards to the portfolio of companies.
• Prepare CFC templates and do maintenance, returns and provisional tax returns where applicable including external queries on CFC related information and computations.
• Ensure withholding taxes are effectively managed and tax credits appropriately treated.
• Update database with payments made to tax authorities and monitor tax status of portfolio.
• Assist and support business with compliance related matters (e.g. Tax Clearance Certificates, appointment of Public Officer etc.)
• Attend to SARS queries and assist with VDP’s.

Accountability: 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.

Accountability: 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 Required

• B.Com/ BCompt in Accounting/Financial Management plus post graduate qualification in tax preferred
• 3 years (Tax) experience

Knowledge & Skills:

• Knowledge of tax legislation, tax accounting and reporting (Level: Specialist)
• Knowledge of IFRS (Level: Advanced )
• Reporting Skills (Level: Expert )
• Analytical Skills (Level: Expert )
• Financial and management skills (Level: Advanced)

Competencies:

• Innovative problem solving within the parameters of established procedures & policies
• Analysing complex data
• Coping with pressures and setbacks
• Adhering to principles and values
• Relating and networking
• Deciding and initiating action
• Learning and researching
• Adapting and responding to change

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