Client Investment Tax Lead - Investment Platforms

The Legends Agency; Cape Town; On-site; USD 30,000 - 50,000; Full time

Job summary

A leading wealth and investment manager in Cape Town seeks a Data Quality Specialist to enhance data accuracy and compliance. The successful candidate will implement testing programmes, drive data clean-up initiatives, and ensure adherence to tax regulations, collaborating with various business teams. This role requires a strong understanding of financial products and data management skills, along with a proactive attitude towards problem-solving.

Qualifications

• Knowledge of financial products and processes like LISP products.
• Understanding of accounting and tax.
• Ability to work with data and problem-solve anomalies.

Responsibilities

• Implement data testing and monitoring programmes.
• Ensure accurate client tax reporting and compliance.
• Conduct ongoing reviews for data quality issues.

Skills

Taxation

Data

SQL

Excel

Analytical

Logical

Education

Accounting Bcom+

HDip Tax (an advantage)

Job description

Workplace model

On-site, Claremont, Cape Town or Gauteng.
Reporting to

Managing Director PAS and Head PCS
Role purpose

Works 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 Client

Our 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 responsibilities

Product and client tax
Assists 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)

Desired Skills:

• Taxation
• Tax
• data