Client Investment Tax Lead

SUMMARY:
We are looking for a Client investment tax lead – to implement and drive continual data testing and cleaning initiatives and to drive data quality discipline in the organisation. This role is accountable for the design and execution of data quality controls and tax reporting accuracy across in-house platforms (LISP and PWP) and outsourced platforms (e.g., Peresec). We have a permanent role based in Cape Town.

POSITION INFO:
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 0100300127

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