Senior Finance Manager Tax And Treasury - Em South

Adidas Group; Cape Town; On-site; ZAR 800 000 - 1 200 000; Full time

Job summary

A global sportswear company is looking for a Senior Finance Manager Tax and Treasury to oversee tax risk and cash flow management. The role involves liaising with external advisors, managing banking relationships, and supporting finance team initiatives. Candidates should possess a finance degree, CA or CIMA membership, along with strong tax knowledge and leadership experience. This position is based in Cape Town, South Africa, and offers opportunities to add value through active project involvement.

Qualifications

• Minimum of years in finance department in controlling and accounting functions.
• FMCG or Retail experience desirable.
• Strong tax knowledge and understanding.

Responsibilities

• Manage tax and treasury functions ensuring effective risk management.
• Support preparation of annual Tax Forms and cooperate with external advisors.
• Manage local banking relationships and ensure sufficient funding.

Skills

Strong collaborator

Excellent communicator

Strong leader

Attention to detail

Results Driven

Creative problem solver

Education

University degree in Finance

CA or CIMA membership

Job description

Job title: Senior Finance Manager Tax and Treasury - EM South

Job Location: Western Cape, Cape Town

Deadline: January 15

Purpose & Overall Relevance for the Organization

To manage the tax and treasury functions ensuring effective tax risk management, cash flow management, accurate and timely reporting, that is within the local laws of the country and the internal control framework of the adidas group.

In addition, add value to wider Finance team and the business through active project involvement and support.

Key responsibilities

Taxation

• Manage transition to new external tax advisor for Income Tax duties
• Support the preparation of Current and Deferred tax calculations prepared before processing in SAP
• Support the preparation of Annual Tax Forms and Additional Information
• Working with EMEA tax director in transition to automated / stream‑lined tax function
• Revise and sign‑off quarterly Income Tax Risk Questionnaire to Group Taxes
• Support external tax advisors in preparation of Income Tax Return
• Review completed Income Tax Return and associated schedules
• Assist in preparation of and review of first and second provisional tax payments, SARS Paragraph 3 requests
• Assist in preparation of annual Transfer Pricing Study
• Project manage reviews and SARS audits and keep Senior Finance Director and relevant stakeholders up to date on progress (Tax Tracker)
• Monthly review and sign‑off of VAT returns and reconciliations in alignment with external advisors
• Ensure all tax payments are made timeously before SARS due dates
• Support Sports Marketing VAT compliance
• Responsibility for taxes related to the company (VAT, Income Tax, Transfer Pricing, Customs Duty, Payroll taxes) as per tax target operating model and RACI
• Ensure Tax Risk Management Policy is updated annually.
• Proactively aligning on tax risks by liaising with tax advisors and performing internal reviews
• Assist with new business tax related queries and issues, including recharges and transfer pricing implications in alignment with regional head
• Ensure bank charges process is adhered to for VAT claims
• Prepare Wear & Tear schedule and ensure CAPEX allocated correctly for tax purposes.
• Support HR and Payroll with VAT and SARS‑related issues.

Treasury

• Managing the local banking relationships of adidas
• Internally: Group Treasury
• Externally: Local Banks, SARB, other service providers and key partners
• Ensure funding and guarantees are in place to meet operational and investment requirements
• Review Bank Account Management (BAM) system
• Manage month‑end working capital requirement (ensure sufficient incoming funds processed before outgoing funds are released).
• First / Second payment approver for mid‑month and month end vendor payments
• Review monthly Cash flow reporting – Actuals versus Forecast
• Review / Manage RFC Cash Flow forecast to EM Hub team.
• Review / Manage twelve month rolling Cash Flow Forecast submission to adidas Group Treasury
• Review / manage monthly Exposure Forecast for local / inter‑company purchases
• Ensure business complies with Group Treasury policy
• Identify areas for improvement to ensure increased accuracy in cash flow forecasting process
• Present Treasury updates to relevant stakeholders
• Ad‑hoc reporting requirements – local and Global
• Manage EUR intercompany transactions related tasks – hedge roll process, reporting, monthly FX revaluation, repayment schedule, annual LEI renewal, SARB assurance.
• Ensure relevant SARB approvals are obtained / renewed annually.
• Work with local banks to improve and streamline processes, introduce new technology, automation etc.
• Ensure necessary controls are in place with local banks / service providers to manage and safeguard cash (Retail)

Projects

• Working with external advisors and central team to ensure legal entity transfer pricing requirements are met
• Preparation of Year end Related Party note, Contingencies note
• Work with Local Finance Manager and Senior Credit Manager to identify areas for improvement and ensure that internal control improvements are effectively implemented
• Support the NTP process

Ad‑hoc financial reviews and presentations

Assisting in the finance team in implementing global projects as the need arises.

Preparation and calculation of bonus provisions as required.

Staff management – Manager Treasury and Controlling

• Use Performance Management tools and Leadership Framework to drive performance culture
• Monthly Touch Bases
• Coaching card and upward feedback
• Mid‑year and annual Performance Standard
• Mentoring and development of direct report
• Actively involved as a EM South Finance Leadership Team member

Skills / Behaviors

• Strong collaborator
• Excellent communicator, verbal and written
• Strong leader
• Attention to detail
• Structured
• Results Driven
• Confidence to deal with various stakeholders (internal and external)
• Creative problem solver
• Be a good all round communicator with the ability to display sound inter personal skill as well as tact and diplomacy

Requisite Education and Experience / Minimum Qualifications

• University degree in Finance
• CA or CIMA membership or similar Accounting Body
• Minimum of years in finance department in controlling and accounting functions
• FMCG, Retail experience desirable
• Management experience
• Strong tax knowledge and understanding
• Accounting / Financial Services jobs