Client Investment Tax Lead
- Cape Town, Western Cape
- Permanent
- Full-time
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 numeratePlease call us on 0100300127NB: Should you not hear from us within 6 weeks, please consider your application unsuccessful.
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