VAT Accountant at Shoprite Group of Companies

Purpose of the Job    

The role acts in accordance with the financial reporting plan with a specific focus on the quarterly, half year and year-end reporting periods. The role operates cross-functionally with the Non-RSA and Group Finance teams to process VAT calculations and provisions ensuring that all information is timeously and accurately reviewed, providing assurance to all VAT related stakeholders. The role requires meticulous  attention to detail, strong numerical proficiency, and the ability to thrive in a fast-paced, deadline-driven environment. 

Job Objectives    

Prepare VAT Returns: Generate and complete VAT returns for specific countries, ensuring adherence to electronic filing requirements and strict deadlines.Verify accuracy and completeness of data before submission to respective Revenue Authorities.

Review and Reconciliation:

• Conduct thorough reviews of VAT reconciliations to ensure accuracy and compliance with  regulatory standards.

Assist with VAT Audits:

• Provide support during VAT audits, including preparation of relevant documentation and responding to inquiries from auditors.

VAT Reasonability Calculations:

• Perform detailed VAT reasonability calculations to validate the accuracy and appropriateness of VAT amounts recorded and reported.

System Enhancements:

• Collaborate with cross-functional teams to identify opportunities for system enhancements related to VAT processes. Assist in the development and implementation of system upgrades to optimize efficiency and  accuracy.
• Maintain organized records and associated filing systems for efficient retrieval and reference.
• Execute administrative duties related to VAT filings and compliance documentation.
• Participate in ad-hoc projects as assigned by the VAT Manager, contributing insights and expertise to achieve project objectives.
• Review Article Master Data

Qualifications    

• Bachelor's degree in Accounting or relevant tertiary qualification, providing a solid foundation in  financial principles.
• Diploma in VAT or equivalent certification, showcasing specialized knowledge in VAT compliance  and procedures.

Experience    

• Familiarity with VAT practices in African jurisdictions is advantageous, enhancing the candidate's ability to navigate regional nuances.
• +3 years of experience in VAT or similar financial role, demonstrating a strong understanding of 
• VAT principles and regulations.
• Experience with VAT fiscal systems, particularly SAP, is preferred, enabling seamless integration into  existing financial platforms.
• Proficiency in Excel, facilitating efficient data analysis and reporting tasks.
• Exposure to FMCG retail sector in a Group wide cross-functional structure 
• Working knowledge of SAP, Excel, and SAP BPC - advantageous.
• Proven track record in reviewing, reconciling, and analysing financial information, ensuring accuracy and compliance with regulatory standards.

Knowledge and Skills    

• Critical and analytical thinker – Strong analytical ability and problem-solving skills, enabling the candidate to identify and address complex VAT issues effectively.
• Effective time management skills, coupled with a keen attention to detail and a commitment to meeting deadlines consistently.
• Self-motivated and driven with strong integrity – takes accountability for actions and mistakes. 
• Big picture with detail orientation – able to scan the broader environment for risks and opportunities. Specialist at reviewing VAT planning, provisions, calculations and IFRS disclosures – proactive in approach and meticulous attention to detail.
• Collaborative partnering – thinks and acts independently as well as collaboratively. Excellent stakeholder engagement and empowerment; ability to establish rapport and maintain effective working relationships with internal and external stakeholders.
• Problem solving – solution orientated, guide the Group / business in solving problems that align and comply with the Group VAT framework.
• Ability to work in a fast-paced environment and effectively manage multiple priorities – high 
• flexibility and tolerance for ambiguity and new strategies and process approaches.
• Understanding of the VAT function and evolving technologies and digital opportunities.
• and implications for the VAT function.