Job Opportunities at Famous Brands

Description
Main Outputs and Responsibilities for This Position

Reporting

• Assist in doing variance analysis on Income statements versus Budgets.
• Provide general ledger detail transaction reports to regions.
• Prepare monthly balance sheet reconciliations for Leading Brands Regions

Accounting functions

• Prepare Capex requests for approval.
• Asset disposal requests and rotate for approval.
• Preparing and posting of journals.
• Preparing of GL account structure application for approval.
• Preparation of Petty Cash disbursements and reconciliation thereof.    
• Preparation of card reconciliation and journals for fleet cards.
• Performing franchise division cashbook reconciliation.
• Record and maintain Fixed Assets Register and asset movement.
• Assist accountants in performing annual asset verification.
• Download and check IT travel invoice batches for accounts payable payments.
• Preparing of support schedules to management accounts.
• Ensure AP risk list is cleared monthly and assist with supplier queries.
• Manage open purchase order and follow up on franchise administrators processing invoices.
• Assist Financial Manager with input and calculations of Financial Budgets and Profit Forecasts.
• Audit 
• Assist with supporting documentation and reports for year-end audit files.

Requirements
Formal Education

• Grade 12/Matric
   

Experience

• At least 2 Year Bookkeeping Experience. 
• Computer skills - MS Excel, Word, PowerPoint.
• SAGE X3 ERP experience would be an advantage.
   

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Description
Main Outputs and Responsibilities for This Position

Tax Compliance:

• Review income tax returns / provisional tax returns and supporting schedules prepared by Tax Accountant
• Prepare income tax returns / provisional tax returns of subsidiaries in Group
• Ensure that the payments are made timeously
• Ensure accurate disclosure in compliance with IFRS requirements
• Oversee that all returns for the Group are submitted timeously and accurately
• Apply for Tax Clearance certificatesEnsure Integrity of the Group Tax Assets Register
• Calculate and maintain the wear and tear schedules.
• Compliance monitoring to ensure nil interest and penalties due to late submission of returns

VAT:

• Review VAT returns prepared by Tax Accountant 
• Prepare VAT returns of main subsidiaries in Group
• Ensure that the submissions and payments are made timeously
• Update VAT apportionment calculation annually
• Prepare information for VAT verifications audits

Monthly, half year and yearend reporting:

• Ensuring all appropriate group/entity/divisional tax documentation is in place
• Calculate and process monthly tax journals
• Perform monthly Balance Sheet recons
• Perform annual tax calculations (Income tax, Deferred tax and Capital Gains Tax) for the main subsidiaries of the Group
• Prepare a consolidate rate recon for the Group
• Prepare tax notes and tax note reconciliation for Annual Financial Statements
• Execute the Bi-Annually reconciliation with SARS statement of account.
• Review, and where applicable, preparation of the tax computations for the budget forecast reports.
• Assist Group FMs with any queries
• Preparing reports to board committees
• Recoverability of Tax Assets and Completeness of Tax liabilities Maintenance of the Group transfer pricing document
• Maintain integrity of Tax GL accounts (tax expenses, assets & liabilities)SBL return submissions

SARS liaison:

• Solve all queries and tax related issues with SARS and monitor notifications from SARS
• Attend to Revenue Authorities Audits and Information requests
• Establish and maintain a harmonious and beneficial working relationship with SARS and its officials. This is to ensure that:Group is highly regarded from a compliance perspective by the Revenue authorities no unnecessary investigations and audits by SARS.
• Disputes are resolved in an efficient and amicable manner.
• Complete responses are made to Revenue Authorities in the event of queries and progress is regularly followed up.
• SARS errors are identified, objected to and rectified.

Liaising with internal and external auditors:

• Liaise with auditors on tax related matters and calculations.
• Assist auditors with information requests and queries during the year-end audit.
• Implement audit recommendations.
• Ensure the Group complies with all applicable tax laws and regulations
• Ensure compliance with legislation and avoidance of penalties
• Identify tax cost savings and tax efficiencies, wherever possible
• Understand and analyse tax structuring and tax planning opportunities across the Group
• Draft memorandums on legislative changes and impact(s) to the Group
• Identify and manage all tax risks to ensure that the Group’s tax risk is minimised.
• Ownership and maintenance of a tax risk register for the Group, documenting the Group's tax risks and approach to mitigating these risks via processes and controls.Maintenance of Group Tax Policies

Other:

• Preparation of tax papers to ensure compliance on non-standard transactions
• Other ad hoc duties as assigned.

Requirements
Formal Education

• MCom Tax /HDip Tax Law
   

Experience

• 5 years corporate tax experience (at least 2 years in managerial position)
• Previous role as Group Tax Manager in a listed entity (advantage)
• Overseeing tax compliance for 20 – 30 statutory entities 
• Revenue Authority Audits and Queries (non-negotiable)
• Transfer pricing (advantage)Experience with dealing with other African Revenue Authorities