Vat Accountant

Old Mutual Life Assurance Company (SA) Ltd; Cape Town; On-site; ZAR 480,000 - 720,000; Full time

Job summary

Old Mutual Life Assurance Company (SA) Ltd in South Africa seeks a VAT specialist to manage the monthly VAT cycle for the OML Group. The role focuses on preparation and submission of VAT returns, supporting apportionment and compliance across subsidiaries.

You will review VAT reconciliations, maintain control accounts, produce dashboards and analytics, and advise on VAT planning and process improvements. A Tax qualification and experience in financial services are preferred.

Qualifications

• Minimum requirement: Relevant qualification in Accounting
• 2+ years Tax Compliance experience advantageous
• Good operational understanding of Financial Services and tax processes

Responsibilities

• Prepare and submit monthly VAT returns for the OML Group.
• Assist VAT Lead with VAT apportionment methodology and compliance.
• Review VAT reconciliations and ensure VAT control accounts are cleared monthly.
• Capture VAT payments and journalise VAT reconciliation journals.
• Provide VAT health checks and respond to SARS queries and VAT rulings.
• Support data analytics, VAT reporting and KPI dashboards.

Education

NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent

Job description

Job Description Key Responsibilities:

Responsible for the preparation and submission of monthly VAT returns for the OML Group. Assist the VAT Lead with VAT apportionment methodology, improvement, implementation, monitoring, review and compliance in the Old Mutual group. Accountable for reviews of VAT reconciliations and compliance documents. Responsible to ensure VAT Control Accounts are cleared and journals are processed. Capture VAT payments and prepare VAT reconciliation journals to be processed by the business. Reconcile VAT control accounts and clear any outstanding VAT reconciliation items monthly. Ensure compliance & DCT control requirements for applicable VAT processes are adhered to. Monitors monthly VAT compliance within business units and reviews VAT returns for OML subsidiaries. Prepares monthly VAT Dashboard, analytics & reports, including Konsise reporting on a monthly and annual basis. This will entail commentary in respect of variances, maintain key VAT metrics and of VAT returns measures identified. Support the VAT function through the application of data analytics, available tax technology, and systems expertise, ensuring accurate VAT reporting, compliance, process optimization, and inform end decision-making across the business. Perform VAT Health Checks. Assists the VAT Lead with timeously responding to VAT queries (from SARS and business) and VAT ruling applications to SARS. Keeps abreast of all VAT legislation and Interprets the VAT Act. Provides advice and guidance on minimising VAT liabilities. Implements the strategy to minimise tax risk for the organisation. Assists with the development and implementation of Group Tax Policies and Standard Operating Procedures for VAT. Assists and provide input in development and implementation of tax systems planning opportunities for the organisation and ensures that all requirements e.g. data flows/reporting are met for VAT purposes. Identify areas of improvement and assists in developing tax planning opportunities. Assist VAT Lead with VAT registrations and de-registrations applications to SARS Assist VAT Lead with SARS engagements including objections, analyses of transactions and VAT projects

Qualifications, Skills and Experience:

Minimum requirements for the role: Relevant qualification in Accounting Completed H Dip Tax/Tax Honours (or study in progress) is advantageous 2 or more years Tax Compliance Experience advantageous Good operational understanding of Financial Services Business and good tax process knowledge is essential. Knowledge of the VAT Act would be advantageous Technology focused problem solving and strong excel skill would be advantageous

Competencies required for the role:

Accountable for service delivery through individual effort Ownership Team Orientation Decision Making Information monitoring Ability to work under deadline driven environment Initiating Action Strong Analytical Skills Technical Knowledge Digital and Data Literacy, technology focused problem solving, strong excel skill Communication Relationship management Deliver as a team but also able to work independently Accepts and lives the company values This role is responsible for the preparation, calculation, submission, and payment of VAT, performing of VAT Health Checks and VAT reporting. The incumbent is individually accountable for achieving results through own efforts Skills Accounting, Action Planning, Budget Management, Computer Literacy, Database Reporting, Data Classification, Data Compilation, Data Controls, Data Modeling, Evaluating Information, Legal Practices, Management Reporting, Numerical Aptitude, Oral Communications, Report Review Competencies Builds Networks Business Insight Collaborates Courage Drives Results Ensures Accountability Financial Acumen Manages Complexity

Education

NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent

Closing Date

03 November 2026 , 23:59

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

Old Mutual Story!

Old Mutual is a premium African financial services organisation that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments in 14 countries. The lines of business include Life and Savings, Property and Casualty, Asset Management and Banking and Lending. We are rooted in our purpose of Championing Mutually Positive Futures Every Day and believe that a great customer experience is anchored in a great employee experience.