Job Description

To perform tax reconciliation for all companies in the group (PAYE; UIF; VAT and SDL) to ensure that Nedbank is compliant with regulatory obligations.

Job Responsibilities

• Ensure that agreed dates and standards set by SARS are met by performing a reconciliation of the tax balances, tax register, trial balance and General Ledger accounts.
• Prepare reconciliation of various taxes for review and sign off by Group Tax by ensuring all work meets the standards for quality, quantity, turnaround times and due dates in line with risk and compliance requirements.
• Perform recoveries made for share tax directives received by conducting a reconciliation of the actual liability versus provided liability.
• Remain cost aware and reduce non value adding work and waste by reconciling SARS accounts to avoid possible penalties and interest due to SARS.
• Ensure that bi-annual and annual submissions to SARS reconcile and balance back to payroll and payments by consolidating month to month figures and comparing that to the consolidated payroll file.
• Meet client's needs consistently by addressing and resolving all service desk IRP5 related queries either with SARS - efiling or with the employee.
• Resolve any outstanding queries and concerns arising from any tax related issues by participating in monthly meetings and smoothing the workflow within Group Finance.
• Build constructive internal relationships and support internal stakeholders from various clusters across the bank on any Tax compliance issues by advising on correct treatment of certain payments.
• Ensure that payments are made timeously to SARS by adhering to deadlines and quality standards, (for all companies in the Group including vendor payments).
• Perform reconciliation on shares in respect of provision payments to SARS by making use of appropriate resources.
• Ensure compliance with Tax law by capturing on efiling, submission of the return and the payments of the liability according to relevant policies, standards and procedures.
• Ensure compliance with Tax law by monitoring transactions in the bank's GL paid to employees outside the payroll according to risk standards and taking corrective action when necessary.
• Ensure compliance with internal controls and taking corrective action when necessary for all payments to SARS by conducting a consolidated reconciliation of the various payments legs (inter-divisional payments).
• Identify and resolve problems by conducting a post reconciliation of data to ensure that correct payments are made to entities and SARS according to tax periods.
• Keep abreast of legislation and other industry changes that impacts on role by reading the relevant newsletters, websites and attending sessions.
• Understand and embrace the Nedbank Vision and Values by demonstrating the values through interaction with team and stakeholders.
• Ensure knowledge management, continuity and team success through constructive participation in a diverse team and sharing knowledge with team.
• Participate and support corporate social responsibility initiatives for the achievement of business strategy.
• Identify opportunities to improve or enhance processes by identifying and recommending improvements to tools, policies and procedures to add value to Nedbank.

Job Responsibilities Continue

People Specification

Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees

Preferred Qualification

Accounting /or Taxation

Essential Certifications

Preferred Certifications

Minimum Experience Level

1-2 years administrative experience in the financial or banking sector.

Technical / Professional Knowledge

• Administrative procedures and systems
• Business writing
• Data analysis
• Relevant regulatory knowledge

Behavioural Competencies

• Adaptability
• Continuous Learning
• Decision Making
• Managing Work
• Quality Orientation
• Technical/Professional Knowledge and Skills

Please contact the Nedbank Recruiting Team at +27 860 555 566

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Nedbank