Specialist: Payroll

Capitec Client Care; Stellenbosch; On-site; ZAR 300,000 - 450,000; Full time

Job summary

Join a dynamic team at Capitec Bank as a Payroll Specialist, ensuring accurate processing and administration of payroll and tax compliance. You will leverage your expertise in payroll systems and build strong relationships with stakeholders, contributing to the bank's mission to simplify banking for clients. This role offers a chance to grow in a supportive environment focused on making a positive difference.

Benefits

Employee benefits

Growth opportunities

Qualifications

• 5 years’ experience in payroll processing in a financial environment.
• 2-3 years’ experience with tax calculations and SARS.

Responsibilities

• Responsible for processing payroll and compliance with SARS regulations.
• Engage with auditors and internal stakeholders for effective payroll operations.

Skills

Tax calculations

Payroll processing

Stakeholder engagement

Financial acumen

Education

Bachelor's Degree in Finance or Human Resources

Tools

SAP

Success Factors

Microsoft Excel

Job description

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Date: 11 Jul 2025

Location: Stellenbosch, Western Cape, ZA

Company: Capitec Bank Ltd

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We're on the lookout for energetic, self-motivated individuals who share our passion for service in the banking industry. To be part of the journey, follow the steps below:

• To see what life at Capitec is all about and complete a short assessment, please click here!
• Once you have completed the above finalize your application by clicking apply below
  
  

Join Us in Becoming the Best Bank in the World!!

We appoint energized and motivated people for their potential and continuously look for talented, driven individuals to help us innovate and evolve. That is why we focus on finding the right people for the right jobs. We love what we do because we focus on making a positive difference for our clients and employees. Our company DNA is built around talented and committed teams dedicated to build a brand that we are proud of and earns the trust of our clients.

Who We Are

We are a bank, but we’re much more than that. We believe that banking is about enabling people to control their financial lives through banking that is simplified, accessible, affordable and delivered through a personal experience. By helping our clients manage their financial lives better, we enable them to live better.

Why Choose Us

At Capitec, we offer our best by living up to our CEO values in every situation – we always put the Client first, act with Energy and take Ownership. And to support people in being their best, our Employee Value Proposition offers every value to all team members through cohesive teams, growth opportunities as well as employee benefits and savings. We make it a priority to ensure that each member of the Capitec team feels welcome, valued, focused, and has the opportunity to grow.

What We’re Looking For

To ensure the timeous and accurate processing of salaries, increase calculations and other remuneration benefits (tax directives, incentive schemes, benefit schemes, team awards, etc.) of Capitec Bank employees. To provide specialist and subject matter expertise on payroll related matters and employee tax submissions (including running of IRP5s and applying for tax directives at SARS).

Key Performance Areas

Processing Of Payroll Functions

• Payroll planning and data
• Reconciliation and payment
• Internal and external query resolution
• Payroll reporting
  
  

Payroll and tax administration

• Responsible for processing SARS monthly, mid-year and year-end submissions (EMP201s, IRP5s, EMP501s, Return of Earnings – Compensation Fund, and Tax directives)
• Responsible for ensuring all reports, audits and taxes are completed and compliant with SARS regulations and company policies
• Coordinate the exchange of accurate information during Payroll audits
  
  

Best practice and knowledge sharing

• Keep up to date with changes in the payroll land-scape, including changes in relevant legislation (Basic Conditions of Employment Act - BCEA, Employment Equity Act - EEA, etc.)
• Maintain a working understanding of relevant payroll systems, and stay updated with any enhancements or changes relating to the existing payroll system.
• Share knowledge, coach and guide Payroll Officers in day-to-day tasks.
  
  

Stakeholder Engagement

• Responsible for educating and training business stakeholders and team members on payroll principles and processes
• Build strong relationships with internal and external stakeholders, fostering collaboration and teamwork.
• Engage with auditors (internal and external), and ensure the distribution of accurate information.
• Engage with payroll system developer to raise and address technical issues and queries.
  
  

Experience

Minimum:

• 5 years’ experience in payroll processing and administration in an enterprise business / banking / financial environment
• 2 – 3 years’ proven experience with tax calculations and SARS
  
  

Qualifications (Minimum)

• Bachelor's Degree in Finance or Human Resources
  
  

Technical competencies

• Good understanding on the application of PAYE principles
• Must be able to resolve PAYE queries on payslip
• Good knowledge and understanding of the Basic Conditions of Employment Act
• Ability to prove calculations on the payslip
• SAP and Success Factors payroll software experience
• Microsoft word, Excel experience
• Financial acumen and working within financial environment
• Good knowledge of SARS E@syfile and E-filing
• SAPA Accreditation will be preferrable
  
  

Conditions of Employment

• Clear criminal and credit record
  
  

Apply Now!

If you are interested in being part of this dynamic team, on a mission to build the best bank in the world through unlocking the potential of its people, please apply. We would love to hear from you!

Capitec is committed to diversity and, where feasible, all appointments will support the achievement of our employment equity goals.

Apply now »