Posted on :
9 Apr, 2021
9 Apr, 2021
Telesure Investment Holdings (Pty) Ltd (TIH), is the holding company of some of South Africa’s leading financial long and short term insurance providers. Our portfolio includes South Africa’s most loved and recognisable brands such as 1st for Women, Auto & General, Budget, Dialdirect, Virseker and 1Life. Employee Benefits Administration via our Hippo Advisory Services, which includes health insurance, provident fund and group life administration. Hippo is South Africa’s first comparison website and compares insurance, other personal finance products, travel, health, money, travel, cars from a range of South African
brands. We’re pioneers with a hunger for the best, bringing customer-focused innovation and service excellence to the financial services industry. We’re an undivided team of diverse thinkers and doers who believe in leading through technology and pushing beyond limits.
Job Title: Tax Consultant
Location: Dainfern, Gauteng, South Africa
Reference #: #
Contract Type: Permanent
Salary: Market Related
Ensure the accuracy and compliance of the taxation function within the TIH
group. Align and maintain all tax relevant information within the TIH group.
Develop and/or deliver on plans to ensure overall tax compliance for TIH group companies with guidance from senior tax colleagues.
Perform accurate and timely income tax and deferred tax computations to
ensure accurate recording of income and deferred tax expense in the financials on a quarterly, interim and annual basis. Ensure monthly tax schedules and tax asset registers are prepared and reviewed adequately in order to ensure all significant expense accounts and assets are compliant with the tax legislation. Submit complete and accurate income tax returns and supporting documents to SARS (including ITR14s, ITR12T, IT14SD, IRP6, CbC Reporting, etc) and have zero-tolerance for SARS interest and penalties. Constantly review income tax processes, tax legislation amendments and develop ways to improve processes to be more efficient and ensure continuous tax compliance. Ensure the SARS ledger accounts and the E-filing statement of account are reconciled on a quarterly basis.
VAT and other taxes:
Develop and/or deliver a plans to ensure overall VAT compliance for TIH group companies in collaboration with the finance team. Conduct monthly review and ensure VAT calculations meet all the requirement of the VAT legislation. Identify fundamental errors and areas of improvement in the VAT process and provide feedback to the finance team. Oversee the submission of VAT returns to SARS and address and VAT audits timeously. Ensure the VAT GL accounts and the Efiling statement of account are reconciled on a monthly basis. Review payroll returns submitted by the tax administrators on a monthly basis. Identify when other indirect tax liabilities and deliver on plans to ensure
compliance (eg Dividents Tax, Withholding Tax on Interest, etc.)
Provide specialist guidance to business and the finance team on the
interpretation and application of tax legislation, policies and procedures.
Resolve with the guidance of senior tax colleagues complex or contentious
queries and issues and enable others to take appropriate actions.
External Stakeholder Engagement:
Develop and maintain positive working relationship with SARS and external
Auditors and resolve their queries.
Manage and maintain the relationship with the external Auditors and ensure all
audit findings are addressed timeously on an annual basis.
Manage and maintain relations with SARS and ensure all relevant tax payments
and documents are up to date.
Financial Management & Control:
Develop and deliver a plan for significant aspects of the
financial management and/or control process to ensure tax payments and
refunds are managed efficiently. Work within established finance systems and
internal processes to ensure tax payments are made timeously. Review the
accuracy of payments made to SARS and ensure efficient
cash flow management, refunds from SARS received timeously and credit
balances are utilised effectively.
Personal Capability Building:
Act as subject matter expert in an area of technology, policy, regulation, or
operational management for the team. Maintain external accreditations and indepth
understanding of current and emerging external regulation and industry
best practices through continuing professional development, attending
conferences, and reading specialist media.
Document Review & Preparation
Write and edit material for various stakeholders, tailoring the tone and content to
match the needs and expectations of each audience. Review all relevant
documents prepared by the Tax Administrators including (ITR14, VAT201,
EMP201, IT88, etc) on Efiling and monthly tax schedules.
Insights and Reporting:
Contribute to the design and creation of tax reporting processes and templates. Gain insurance business knowledge an identify opportunities for innovation, tax savings and compliance.
B.com Financial Accounting Degree (Essential); Post Graduate Qualification in Tax (Essential); Masters in Tax (Advantageous)
3 or more years accounting experience (Essential); 2 or more years Tax
experience (Essential); Completed articles (Advantageous)
SAQA Accredited Equivalent – It is the onus of the applicant to provide TIH and its subsidiaries with certified evidence that their qualification(s) meet the equivalent NQF level required for this role at time of application. As a registered Financial Service Provider, we are mandated to ensure that all our representatives are and remain fit and proper at all times. By applying for this role, you consent to having your relevant qualification and or accreditation or confirm that you are working towards meeting the competency requirements. You further consent to the relevant information being verified.