Senior Tax Advisor

Empowering Africa’s tomorrow, together…one story at a time.

Job Summary

To lead the delivery of International Tax advice, management of tax risk and identification of tax opportunities in relation to initiatives or projects within Absa Group Limited, Absa Bank Limited, Absa Regional Offices, as prioritised and allocated by the Head of International Tax

Job Description

Accountability:  Tax advice and project support

• Develop relationships with key stakeholders in the relevant areas, e.g. project leads, Corporate Development, colleagues in other key infrastructure areas (Finance, Legal, Compliance, etc). Communicate risks and opportunities to those stakeholders

• Deliver advice to the relevant project or business area:

  • Reactively (but suitably early in the process) in relation to business initiatives presented for review; and

  • Proactively in relation to potential opportunities for tax efficiencies, identifying and mitigating tax risk, and explaining and managing of changes in tax law

• Manage tax risk by:

  • liaising with the relevant process/control owners to ensure that controls and processes regarding tax are documented, understood and effectively implemented

  • interacting with the tax lead for the relevant business area (subject to confidentiality restrictions on certain projects) to ensure all relevant facts are taken into account

  • quantifying risks and communicating to management the impact of the risk and recommended mitigating actions. Ensure that plans are in place and funded to mitigate the risks and that this is embedded as a routine process/control

• Record analysis and conclusions clearly, including references to supporting work papers (and their location) and the basis on which assumptions were made. Where appropriate, and in discussion with the Head of International Tax, obtain opinions and advice from external specialists to support

• Ensure conclusions of external/internal tax advice are delivered to:

  • the Forecasting, Reporting and Compliance team within Tax to enable effective financial reporting of tax effects and correct filings in tax returns and payments are made; and

  • the tax lead for the relevant business area (subject to confidentiality restrictions on certain projects) so that they have an overview of all tax matters and can communicate to business management regarding all tax issues within their area

• Liaising with external auditors at an early stage to agree financial statement position in relation to the tax analysis of all material projects and initiatives

• Provide proactive training to key stakeholders and colleagues (within or without Tax) to explain tax opportunities and risks, raise awareness of how Tax can help and when Tax should be engaged, and to forge stronger links

• Pillar Two: Assist with preparation of and review of: GloBE calculations. Manage Pillar Two disclosures (including IAS 12). Monitor legislative developments and assess impact.

Accountability: People Management

• In certain cases, supervise other team members in the performance of the above objectives

• Motivate team members and ensure that their efforts are recognised

• Encourage and partake in frequent knowledge sharing between team members

• Determine development needs for the team and support team members in addressing these, including ensuring that identified requirements are completed

• Assist with the interviewing and recruitment of new members to the team

• Participate in the creation and implementation of actions in response to staff surveys or other identified areas of improvement

Education and Experience Required

• B Com Honours Degree or equivalent NQF level 7 qualification.

• Three years’ experience within the Financial Services Industry specifically in a financial department

• Five to Ten years International Tax experience

• Proficient in MS Office (Word, Excel, PowerPoint and Outlook)

PREFERRED REQUIREMENTS

• CA (SA) qualification/ BCOM Accounting

Knowledge & Skills: (Maximum of 6)

• Analytical and problem solving skills

• Leadership skills

• General and tax accounting knowledge

• Numerical and communication skills

Competencies:  (Maximum of 8 competencies)

• Deciding, initiating and concluding action

• Learning and researching

• Entrepreneurial and commercial thinking

• Relating and networking

• Adapting and responding to change

• Persuading and influencing

• Creating and innovating

Education

Postgraduate Degrees and Professional Qualifications: Financial Sciences (Required)

Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

Absa Bank Limited reserves the right not to make an appointment to the post as advertised