Product Accountant
Purpose of the job
The business provides specialized Transfer Agency administration services across a range of investment products, including Unit Trusts, Hedge Funds, Pooled Portfolios, Retirement, Life, and LISP products.
This role is part of the Product Finance team. The primary responsibility of the Product Accountant will be to perform financial reporting, product accounting, tax and client service.
The ideal candidate will demonstrate a strong sense of ownership, responsibility, and accountability.
Main duties and responsibilities
General Ledger - preparation of month end packs for products.
Drafting of Trustees Reporting for Retirement Funds on CaseWare.
Drafting and reviewing financial statements for Retirement Funds on CaseWare.
Audit pack preparation for the annual audit on Life and Retirement products including Regulation 28.
Quarterly statutory reporting CBR & C48.
Perform PAYE reconciliations and payments on a monthly, bi-annual, and annual basis.
Reconcile and submit annual EMP501/IRP5/IT3a certificates and ad hoc tax certificates via SARS e@syFile application.
Perform monthly, bi-annual, and annual reconciliation, payment, and submission of:
Dividend Withholding Tax (DWT)
Interest Withholding Tax (IWT)
Compile and submit SARS submission files and e-filing declarations (bi-annual and annual) including but not limited to IT3S, IT3C, IT3B, INS.
Process annual Capital Gains Tax (CGT) deductions, payments, and related reporting.
Complete annual FATCA and CRS reporting.
Manage IT88 and ITA88 payments and reconciliations.
Apply for new tax types via eFiling and demonstrate strong experience in eFiling and e@syFile for organizations.
Tax directive application and Tax Certificates creation and allocations.
Prepare and process monthly Four Funds tax reporting.
Liaise with SARS, clients, and operations teams regarding tax and reporting queries.
Projects.
Ideal experience
Strong accounting, reconciliation, and analytical skills essential.
Knowledge of tax laws in general for Unit Trust, Retirement, Life and LISP products.
Knowledge of 3rd party data submission experience.
Knowledge of the applicable LISP and CIS legislative environment (specifically the FAIS Act, Pension Funds Act, Collective Investment Schemes Control Act, Long-Term Insurance Act).
Knowledge of the SARS reporting requirements for FATCA, DWT, IWT, IT3 and INS would be ideal.
Experience with working with various internal and external stakeholders.
Experience with compiling financial statements.
Ideal qualifications
Candidates must have a relevant tertiary qualification, such as a Bachelor degree/postgraduate qualification in accounting and/or Tax.
A minimum of 4 year's accounting and tax-related work experience.
A minimum of 2 year's LISP experience with strong fund accounting knowledge in the Retirement and Life space will be advantageous.
Competencies and ideal attributes
Analytical thinking skills with high attention to detail.
Excellent numerical, communication and problem-solving skills.
Critical and problem-solving ability.
Relationship building and interpersonal skills.
Ability to self-manage, work under pressure, multi-task, prioritize and meet deadlines.
Ability to exercise appropriate judgement and discretion.
Adaptable, flexible (including flexibility in working hours), self-motivated, results driven, and a quick learner will work well in our challenging and dynamic environment.
Software, Systems knowledge
Flexcube experience (highly advantageous).
CaseWare or similar.
Pastel or similar.
SARS applications (eFiling & e@syFile).
Finswitch.
Digiata, modules (highly advantageous).
Proficient in the MS Office suite with advanced Excel skills essential.
** Intembeko Investment Administrators is a South African company committed to meaningful transformation. We would like to help redress the imbalances of the past and appoint suitably qualified candidates from designated groups into meaningful roles.
**Interested in the role? Send the following details (updated CV, a certified copy of your ID and transcripts) to HumanResources@intembeko.com or call 021 541 0222 for a confidential conversation
