At Liberty, we employ more than 6 000 people across 7 businesses in 18 African countries. Every day, our employees grow their knowledge by working with diverse groups of people who specialise in a wide range of skills across insurance, asset management, investment and health products. We continually seek to engage, develop, recognise and reward the people who make our business great.
Purpose
To deliver and ensure income tax and VAT tax accounting and compliance for Liberty Group life insurance companies and to provide relevant tax advice as required.
Minimum Experience
3 – 5 years experience in a similar environment, of which 1 -2 years at a junior specialist level
Minimum Qualifications
Bachelor`s Degrees and Advanced Diplomas [NQF Level 07] in Finance Economics and Accounting
Additional Minimum Qualifications
Outputs
- To accurately and timeously prepare and/or review and submit income tax and VAT returns and related payments.
- To accurately and timeously prepare monthly tax computations and related tax-accounting entries and disclosures for financial reporting purposes in respect of all Liberty Group life companies.
- To review and reconcile, on a monthly basis, internal tax accounting with SARS statements of accounts.
- To liaise with SARS in resolving any tax controversy matters.
- To review income tax and VAT submissions prepared by Liberty Group business units, where applicable, to ensure compliance by the business.
- To identify and/or review the income tax and VAT processes and controls within the Liberty Group business in order to minimise tax risk.
- To formulate and draft tax opinions on the application of tax legislation to new and existing business initiatives, as and when required.
- To design tax models that incorporate new business initiatives, as required.
- To assist with ad hoc tax projects as may be required by business.
- To continuously advise and provide tax-related training to stakeholders to ensure optimal awareness and competence with regard to new and existing tax requirements.
- To regularly undertake research in order to hone technical skills in order to stay abreast of developments in field of specialisation
Process
- Provide specialist advice and support in area of accountability to ensure that identified solutions and recommendations are appropriate and effective.
- Identify, diagnose and recommend improvements and provide specialist advice and support; ensuring that solutions are appropriate and effective.
- Investigate and make recommendations that could potentially lead to tax savings in compliance with relevant legislation.
- Source, collate, analyse and interpret financial data in order to assist in and support the review of the financial performance of the business.
- Keep abreast of regulation and industry developments to advise and guide on key compliance risk issues; enabling informed decision making.
- Advise on the accurate and timeous completion and submission of tax returns, related payments and monthly tax accounting entries.
- Review and compare, on a monthly basis, internal tax accounting with SARS statements of accounts to ensure they are reconciled.
- Review and identify improvements to the preparation of tax submissions and ensure compliance in the process.
- Accountable for the improvement of quality, service and work outputs, continuously recommending improvements.
- Plan for the organisation of work outputs and process improvement activities in light of a specific situational context related to the area of specialisation.
- Proactively identify area of specialisation related problems, determine cause and effect and recommend the best option to implement corrective action based on previous experience.
Customer
- Provide specialist expertise and advice to internal/external customers, that builds strong relationships and creates a favourable impression aligned to Treating the Customer Fairly (TCF) principles.
Finance
- Adhere to financial controls, governance and compliance policies and processes throughout an area of specialisation, contributing to cost efficiency.
Learning and Growth
- Contribute positively to human capability improvement, related to knowledge optimisation and associated with area of specialisation.
Governance
- Comply to risk and governance policies, implement and provide subject matter input to the development of related processes, applicable to the area of specialisation.
Competencies
Liberty Values
Technical Competencies
- Tax Management (Proficient)
- Research and Information Gathering (Intermediate)
- Reporting and Interpretation (Intermediate)
- Financial Acumen (Intermediate)
- Customer Advice (Technical) (Intermediate)
Behavioural Competencies
- Professional/Technical learning (Intermediate)
- People Management and Empowerment (Intermediate)
- Interpersonal Effectiveness (Intermediate)
- Problem Solving and Analysis (Intermediate)
- Teamwork and Cooperation (Intermediate)
- Communicating with Impact (Intermediate)
- Relationship Management and Networking (Intermediate)
- Customer Orientation (Intermediate)
We put our knowledge and insight acquired over the past 60 years, to serving a pan-African market of the future. Ãû€šLiberty has received its eighth certification as a Top Employer from the Top Employers Institute. See details here link