Client Investment Tax Lead

Workplace modelOn-site, Claremont, Cape Town or Gauteng. Reporting toManaging Director PAS and Head PCSRole purposeWorks with the following operational areas to implement and drive continual data testing and cleaning initiatives and to drive data quality discipline in the organisationLISP platform (PAS)PWP offshore shares and funds platformPrivate client platforms (PCS)This role is accountable for the design and execution of data quality controls and tax reporting accuracy across in-house platforms (LISP and PWP) and outsourced platforms (e.g., Peresec). The primary objectives are to:Implement a data testing and monitoring programmeDetect, prevent, and remediate operational and reporting errors.Drive data clean-up and fixes.Recommend system and process changes to ensure data accuracy at source.Take ownership of accurate and timely tax-related filings across various regimes.About our ClientOur client is an integrated wealth and investment manager; offering advice, wealth management, asset management, investment platforms (LISP and private clients), fund management, fiduciary and global treasury capabilities.Key responsibilitiesProduct and client taxAssists the operation and tax specialist to ensure accurate client tax reporting (includes IT3 reporting, withholding taxes, PAYE ) and life company five funds tax.Drive the compilation and execution on the test plans to ensure accuracy of tax calculations and reports IT3(b), (c) and payroll IRP5, IT3(a)Ongoing monitoring of data for data quality issues and push-back to the operation for remediationReview of the business rules, forms, processes and systems to ensure client tax administration and reporting objectives are met. (input data)Ongoing review and monitoring of PAYE calculations and payroll submissions for Living Annuity incomes.Review of the directives deductions and reporting of this via the payroll submissions.IT3(c) testingReview calculations of capital gains and lossesReview and testing of complex corporate action processing.Review for false disposals i.e. transfers handling, fund class switchesIT3(b) testing review processing of fund income distributions, dividends, corporate actions. Test reporting.Endowment/Sinking Fund policieshandling of the tax deducts (income, capital gains taxes) for share portfolios (PSPs) within endowment policiesReview and testing of capital gains tax deductions and end of year true-upAssist in the testing of any system changes that impact client and five funds tax.PWP Qualified Intermediary IRS filings.Manage compliance with IRS QI obligations, including:1042, 1042-S, and 1099 filingsWithholding tax testing and validationData compilation and submission in collaboration with the Guernsey officeFATCA and CRS reportingDevelop a data testing programme to identify issues with the FATCA/CRS data.Working with the operations, drive remediation of this dataCompile, analyse and submit the FATCA/CRS filings to SARS and to Guernsey for PWP (IGOR)Qualifications, experience + competenciesKnowledge of financial products and processes ie LISP products discretionary investments, retirement annuities, living annuities, preservation funds, tax free savings, endowment policiesUnderstanding of financial investments collective investments, ETFs and sharesStrong understanding of accounting and tax.Ability to work with and understand data;SQL and excel skillsAnalytical, logicalUnderstanding of the testing process ie how to devise expected results and test for and problem-solve the anomaliesHighly numerateAttributesHighly numerate and structured thinkerSelf-motivated with a sense of ownershipAble to engage effectively across business, tax, and technology teamsQualificationsAccounting Bcom+HDip Tax (an advantage)