Tax Specialist (TAX and VAT) at Postbank (SOC) Ltd

About the job

Purpose of the Job:

Responsible for compliance to Tax Management strategy, policies and procedures for Postbank.

Job Responsibilities:

• Develop, implement and maintain Tax Management (VAT and Company Tax) strategies.
• Ensure provision of on-time, accurate taxation information, computations and supporting schedules.
• Ensure that taxation templates / modules are implemented and that areas of improvement are identified, implemented and monitored.
• Ensure the completion of relevant taxation returns and schedules for Postbank are submitted to SARS.
• Ensure that accurate and on-time monthly reconciliations of all relevant GL accounts are prepared for submission to financial reporting.
• Determine tax implications and provide tax advice on corporate restructuring initiatives; business ventures, etc. to the Group and comply.
• Provide assistance with the preparation of the annual statutory accounts regarding taxation and ensure that all necessary statutory and IFRS requirements are complied with on an ongoing basis, including notes to the AFS.
• Review/prepare tax technical information (prepare tax and deferred tax calculations).
• Liaise with both internal and external stakeholders. Ensure transfer pricing compliance.
• Ensure the efficient management, control, compliance and reporting of the function / resources in accordance with the stipulations of the PFMA, Treasury Regulations, IFRS, VAT and Tax Acts, company specific policies and regulations, national legislation, fraud prevention and risk management principles, Corporate Governance, Skills development, Delegation of authority, etc.

Qualifications and Experience:

• BCom Hons degree, NFQ8 equivalent with Tax major or CA (SA) qualification.
• Member of SAICA or SAIPA or SA Institute of Tax Practitioners (SAITP) will be preferred.
• At least 5 years’ experience in a management capacity. Multi-disciplinary exposure in both Direct and Indirect tax.
• In-depth knowledge of the VAT Act and the Income Tax Act.
• Risk and Compliance management, Strategy development and planning
• IFRS, PFMA and Treasury Regulations
• Income tax, Tax preparation, Tax Payments, Reconciliations and clearing accounts and processes.
• Relevant statutes, rules and regulations.
• Financial systems, SAP.

Skills and Attributes:

• Conflict resolution and/or mediation skills, Influencing and Negotiation skills, Advanced verbal and written communication, presentation, Decision making, Change management and Financial Management, Reconciling, Compliance, Income tax, Tax preparation and Tax Payments, Project management (principles, practices, techniques and tools), Organisational development, management techniques and good business practices, Value Chain Management and Research skills , Ability to analyse complex problem situations and design effective remedial solutions, Implementation skills, Developing and delivering business strategy, Excellent interpersonal and customer service skills, Ability to understand and apply tax laws and changes in the preparation process, Excellent organizational skills and attention to detail. Accurate math and accounting skills, Proficient with Microsoft Office Suite or related software.
• High level of emotional intelligence, Business Acumen, Business Intelligence/Organisational awareness, Adaptability to change, Effective Communication, Learning Agility, Initiative, creativity and Innovation, Critical Thinking, Cross Cultural Awareness and sensitivity, Decision Making, Knowledge Management, Managing and developing others, Relationship Building, Resilience, Strategic Thinking, Customer and Client Orientation.