Client Investment Tax Lead - Investment Platforms

Cape Town, Western Cape
Permanent
Full-time

2 months ago

Workplace modelOn-site, Claremont, Cape Town or Gauteng.Reporting toManaging Director PAS and Head PCSRole purposeWorks with the following operational areas to implement and drive continual data testing and cleaning initiatives and to drive data quality discipline in the organisation

LISP platform (PAS)
PWP offshore shares and funds platform
Private client platforms (PCS)

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). The primary objectives are to:

Implement a data testing and monitoring programme
Detect, prevent, and remediate operational and reporting errors.
Drive data clean-up and fixes.
Recommend system and process changes to ensure data accuracy at source.
Take ownership of accurate and timely tax-related filings across various regimes.

About our ClientOur client is an integrated wealth and investment manager; offering advice, wealth management, asset management, investment platforms (LISP and private clients), fund management, fiduciary and global treasury capabilities.Key responsibilitiesProduct and client taxAssists the operation and tax specialist to ensure accurate client tax reporting (includes IT3 reporting, withholding taxes, PAYE ) and life company five funds 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, ETFs 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

Attributes

Highly numerate and structured thinker
Self-motivated with a sense of ownership
Able to engage effectively across business, tax, and technology teams

Qualifications

Accounting Bcom+
HDip Tax (an advantage)

The Legends Agency

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