Client Investment Tax Lead

The Hiring House; Cape Town; On-site; ZAR 350 000 - 500 000; Full time

Job summary

A financial services firm in Cape Town seeks a detail-oriented professional knowledgeable in tax calculations and compliance. Responsibilities include driving test plans for tax accuracy and managing IRS compliance obligations. Ideal candidates should possess strong analytical skills, understand financial products, and have proficiency in SQL and Excel. This role is crucial for maintaining client tax administration, ensuring adherence to regulations, and enhancing data quality assurance.

Qualifications

• Knowledge of financial products such as discretionary investments and retirement annuities.
• Strong analytical skills and ability to devise expected results in testing.
• Proficiency in SQL and Excel for data handling.

Responsibilities

• Drive compilation and execution of test plans for tax calculations.
• Monitor data for quality issues and facilitate remediation.
• Manage compliance with IRS QI obligations and FATCA/CRS reporting.

Skills

Knowledge of financial products and processes

Understanding of financial investments

Strong understanding of accounting and tax

Analytical and logical skills

SQL and Excel skills

Ability to work with and understand data

Highly numerate

Job description

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 :
• , S, and 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