Financial Reporting and Tax Lead

SUMMARY:
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POSITION INFO:

Our client are looking to hire a dynamic, passionate, confident, proactive and meticulous Financial Reporting and Tax Lead to join a goal-oriented team

QUALIFICATIONS NEEDED:

Required:

• Bachelors Degree or Diploma in Financial Accounting or equivalent.
• CA(SA) or equivalent
• Completed Articles

Experience needed to deliver the role seamlessly:

• CA(SA), CIMA or similar
• BCom Degree or equivalent qualification.
• 3+ years of recent experience in a similar role.
• Experience in drafting individual and consolidated group financial statements
• Experience in compiling tax returns, including wear and tear allowances, deferred tax and other tax incentives
• Proficiency in Ms Excel and data analysis and
• Proficient in SAP and Microsoft Office Suite or related software.

KEY DUTIES & RESPONSIBILITIES OF THE ROLE:

Core Technical Delivery:

Financial Reporting

• Prepare annual individual and consolidated financial statements in line with IFRS for our client, its holding company and subsidiaries, in order to meet internal, statutory and funder deadlines. Attend to all audit requirements relating to the financial statements, and ensure that the financial statements and notes are updated line with any changes to IFRS disclosure requirements
• Prepare quarterly unaudited consolidated financial statements, including cash flow statement and other supporting schedules as required by funders and other stakeholders
• Preparation of monthly reporting decks for the financial accounting streams, with input from other leads
• Review monthly management accounts and balance sheet reconciliations for our client and their subsidiaries
• Preparation of reports and presentation decks for the quarterly board and board committee meetings
• Manage key aspects of compliance and corporate governance, including VAT, PAYE, insurance, and other regulatory submissions.
• Coach graduates and other team members on the preparation of management accounts and various reports for external stakeholders such as STATSSA and shareholders
• Balance Sheet forecasting: participate in budgeting cycle by preparing the budgeted balance sheet
• Audit assistance as required
• Publish and maintain a departmental reporting calendar in order to manage reporting deadlines

SARS Compliance

• Preparation of provisional and final tax returns for our client and its subsidiaries, including all supporting schedule and documentation. Document the rationale for tax treatment of special items such as allowances or incentives
• Implement monthly processes to ensure that tax schedules are maintained throughout the year
• Attend to SARS documentation and verification requests for all companies in the group
• Review VAT201 workings for our client
• Review EMP201 submissions
• Liaise with tax consultants to compile memos to document rationale for tax treatment of special items
• Review wear and tear register. Support implementation of wear and tear register in SAP.
• Attend to any funder requirements regarding tax questionnaires and requests for documentation
• Review balance sheet recons for all vat and tax provision accounts
• Tracking of tax compliance status

Additional Duties

• Support the financial accounting team as required
• Prepare supporting documentation for annual insurance renewal
• External audits
• Funder due diligences
• Internal control audits
• SAP improvement projects participate in SAP projects and changes where required, lead SAP improvements for the finance department
• Project accounting ensure that accounting meets requirements for capitalisation of project expenses to intangible assets. Attend to any requirements related to the new build project.
• Monitor and report on funding covenants, attend to all Funder reporting requests and requirements.