Treasury and Tax Accountant (6-Months Maternity Cover) at Gilbarco Veeder Root

PURPOSE OF POSITION

The Treasury and Tax Accountant is responsible for the Treasury (Banking) and Taxation activities for the sub-Saharan Africa (SSA) region supports the Accounting Manager in ensuring the accurate and timely production of financial reporting.

KEY RESPONSIBILITIES

Treasury

• Prepare and capture all data related to the cashbook system daily.
• Prepare and process all journal entries in line with the monthly or quarterly or annual requirements.
• Reconcile the cashbook system, general ledger, and bank statement.
• Prepare reconciliations on all bank accounts at month end.
• Reviewing payments together with supporting documents loaded on Citibank.
• Monitor bank balances ensuring that all excess funds are transferred to Header Account to optimize on interest.
• Liaise with Nedbank and Citibank on Bank related queries.
• Updating all exchange rates daily.
• Maintenance and annual renewal of the current foreign exchange contracts with the South African Reserve Bank.
• Application of new SARB foreign exchange authorities where required.
• Confirming incoming funds with Citibank for SARB approval.
• Maintenance of the bank's signature mandate.
• Update Cash Forecast.
• Responsible for the Group tax reporting requirements including the Fin 48 survey, monthly Blackline reconciliations and quarterly Asgard reconciliations.

Taxation

• Preparation, management and submission of the following tax returns and the related payments/refunds for all companies within SSA (South Africa, Namibia, DRC, Kenya, Swaziland)
• VAT
• Withholding tax
• Income Tax
• Dividends Tax
• Control of the overall tax compliance for the company – Maintain up-to-date tax compliance certificate at all times.
• Respond to all SARS audits and queries relating to VAT, Income Tax and Customs.
• Monthly balance sheet reconciliations in Blackline.
• Ad Hoc taxation requirements.
• Responsible for the Group tax reporting requirements including the Fin 48 survey and monthly, quarterly and annual tax pack submissions in Onesource.
• Owner of the deferred tax calculation and supporting schedules for reporting purposes.

DELEGATION OF AUTHORITY

As per Board-approved DOA and as necessary for functions outside the DOA.

As delegated by the Managing Director, when necessary.

POSITION RELATIONSHIPS

Internal               

• Finance & Accounting team
• Head of departments    

External

• Tax advisors
• Suppliers
• Payroll providers
• Audit firms
• Tax inspectors

MEASURES OF PERFORMANCE (INDICATORS)          

PERSONAL QUALIFICATIONS & EXPERIENCE 

Education/achievements   

• Bachelor’s Degree in Accounting/Finance or similar qualification
• Higher Diploma in Taxation or
• BComm Honours degree in Taxation

Experience/Knowledge        

• Minimum 3 years experience with Tax   

Specific Skills

• Ability to communicate across levels with internal stakeholders, customers, and suppliers.
• High Degree of accuracy and attention to detail.
• Ability to work under pressure and deliver to tight deadlines                                  

ROLE SPECIFIC COMPETENCIES & BEHAVIOURS

Competency Descriptors

Customer Driven             

• Gains insight into customer needs.
• Identifies opportunities that benefit the customer.
• Builds and delivers solution that meet customer expectation.
• Establishes and maintains effective customer relationships.

Collaborative    

• Works cooperatively with others across the organization to achieve shared objectives.
• Represents own interest while being fair to others and their areas.
• Partners with others to get work done.
• Credits others for their contributions and accomplishments.
• Gains trust and support of others.

Inclusive              

• Seeks to understand different perspectives and cultures.
• Contributes to a work climate where differences are valued and supported.
• Applies others’ diverse experiences, styles, backgrounds, and perspectives to get results.
• Is sensitive to cultural norms, expectations, and ways or communicating.

Accountable      

• Follows through on commitments and makes sure others do the same.
• Acts with a clear sense of ownership.
• Takes personal responsibility for decisions, actions and failures.
• Establishes clear responsibilities and processes for monitoring work and measuring results.
• Designs feedback loops into work.

Champions VBS                

• Identifies and creates the processes necessary to get work done.
• Separates and combines activities into efficient workflow.
• Seeks ways to improve processes, from small tweaks to complete reengineering. 
• Is a simplifier, focused on cutting through complexity. 
• Prioritizes to the critical few – focuses on what matters most.

Self-Aware         

• Reflects on activities and impact on others.
• Proactively seeks feedback about shortcomings.
• Admits mistakes and gains insight from experiences.
• Knows strengths, weaknesses, opportunities, and limits.

Pioneering         

• Comes up with useful ideas that are new, better, or unique.
• Introduces new ways of looking at problems.
• Can take a creative idea and put it into practice.
• Encourages diverse thinking to promote and nurture innovation.
• Anticipates and adopts innovative digital and technology applications.

Agile     

• Learns quickly when facing new situations.
• Experiments to find new solutions.
• Takes on the challenge of unfamiliar tasks.
• Extracts lessons learned from failure and mistakes.
• Bounces back from setbacks and failure.