Tax Officer Full-time Opportunity at Nedbank

Nedbank is seeking a dedicated and meticulous Tax Officer to join its team in Durban. This full-time role is crucial for ensuring the bank's compliance with SARS regulations and maintaining accurate tax records. The successful candidate will be responsible for a range of tax administrative duties, contributing to the financial integrity and operational efficiency of the institution. This position offers a valuable opportunity for individuals with 1-2 years of experience in tax administration within the financial or banking sector to further develop their expertise in a dynamic corporate environment. The role demands a keen eye for detail, strong reconciliation skills, and a proactive approach to managing tax-related queries and compliance.

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.
• Obtain and collate information to complete pre-death, at-date-of-death and post-death taxes.
• Make appointments with SARS and upload supporting documentation to ensure that details are updated with SARS at all times.
• Prepare reconciliation of taxes for review and sign-off by the business by ensuring all work meets the standards for quality, quantity, turnaround times and due dates in line with risk and compliance requirements.
• Maintain data on reporting systems for all clients.
• 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 annual submissions to SARS reconcile and balance back.
• Meet client needs consistently by addressing and resolving all service desk queries either with SARS or eFiling.
• Resolve any outstanding queries and concerns arising from tax-related issues by participating in monthly meetings.
• Build constructive internal relationships and support internal stakeholders from various clusters across the bank on tax compliance issues by advising on the correct treatment of certain payments.
• Ensure that payments are made timeously to SARS by adhering to deadlines and quality standards.
• Perform reconciliation on shares in respect of provision payments to SARS by making use of appropriate resources.

Job Responsibilities Continue

• Ensure compliance with tax law by capturing on eFiling, submitting the return and making payments of the liability according to relevant policies, standards and procedures.
• Ensure compliance with internal controls and take corrective action when necessary for all payments to SARS by conducting a consolidated reconciliation of the various 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 impact the role by reading relevant newsletters and websites and attending sessions.
• Understand and embrace the Nedbank Vision and Values by demonstrating the values through interaction with the team and stakeholders.
• Ensure knowledge management, continuity and team success through constructive participation in a diverse team and sharing knowledge with the team.

Why Join Nedbank

How to Apply

* Salary is estimated based on market research and may not be accurate.

• Matric / Grade 12 / National Senior Certificate
• Advanced Diplomas/National 1st Degrees
• Preferred: Advanced Diploma or Degree in Accounting and/or Taxation
• Minimum 1–2 years’ tax administrative experience in the financial or banking sector
• Experience with Deceased Estate and Trust taxes is essential
• Proficiency in Microsoft Office
• Knowledge of Administrative procedures and systems
• Understanding of Relevant regulatory knowledge
• Familiarity with Relevant software and systems knowledge
• Basic Banking knowledge and procedures
• Cluster Specific Operational Knowledge
• Understanding of Business principles, terms and definitions
• Knowledge of Governance, Risk and Controls
• Demonstrated Customer Focus and strong Work Standards
• Ability to Collaborate effectively and strong Communication skills
• Proficiency in Managing Work and Building Partnerships