Western Cape: Client Investment Tax Lead posted by The Hiring House

Key responsibilities 
Product and client tax 
– Drive the compilation and execution on the test plans to ensure accuracy of tax calculations and reports – IT3(b), (c) and payroll – IRP5, IT3(a) 
– Ongoing monitoring of data for data quality issues and push-back to the operation for remediation 
– Review of the business rules, forms, processes and systems to ensure client tax administration and reporting objectives are met. (input data) 
– Ongoing review and monitoring of PAYE calculations and payroll submissions for Living Annuity incomes. 
– Review of the directives deductions and reporting of this via the payroll submissions. 
– IT3(c) testing 
– Review calculations of capital gains and losses 
– Review and testing of complex corporate action processing. 
– Review for false disposals i.e. transfers handling, fund class switches 
– IT3(b) testing – review processing of fund income distributions, dividends, corporate actions. Test reporting. 
– Endowment/Sinking Fund policies 
– Handling of the tax deducts (income, capital gains taxes) for share portfolios (PSPs) within endowment policies 
– Review and testing of capital gains tax deductions and end of year ‘true-up’ 
– Assist in the testing of any system changes that impact client and five funds tax. 

PWP –  Qualified Intermediary IRS filings. 
– Manage compliance with IRS QI obligations, including: 
– 1042, 1042-S, and 1099 filings 
– Withholding tax testing and validation 
– Data compilation and submission in collaboration with the Guernsey office FATCA and CRS reporting 
– Develop a data testing programme to identify issues with the FATCA/CRS data. 
– Working with the operations, drive remediation of this data 
– Compile, analyse and submit the FATCA/CRS filings to SARS and to Guernsey for PWP (IGOR) 

Qualifications, experience + competencies 
– Knowledge of financial products and processes ie LISP products – discretionary investments, retirement annuities, living annuities, preservation funds, tax free savings, endowment policies 
– Understanding of financial investments – collective investments, ETF’s and shares 
– Strong understanding of accounting and tax. 
– Ability to work with and understand data; 
– SQL and excel skills 
– Analytical, logical 
– Understanding of the testing process – ie how to devise expected results and test for and problem-solve the anomalies 
– Highly numerate

Please call us on (***)***-****

NB: Should you not hear from us within 6 weeks, please consider your application unsuccessful.