Senior Tax Consultant - Transfer Pricing

at  Absa Bank Limited

Empowering Africa’s tomorrow, together…one story at a time.
With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.
Job Summary
The role requires a self-driven transfer pricing (“TP”) specilaist with strong transfer pricing technical skills, an understanding of accouting principles and experience to support and be a trusted advisor to business in relation to all cross border related party transactions.
Job Description
Key Accountabilities

Accountability: Tax advice

• Manage the group’s multi-territory and cross border tax related activities to pro-actively identify, optimise and address identified tax opportunities and risks
• Monitor and research relevant international tax trends, legislative changes and relevant global economic/fiscal changes, documenating such and disseminating to the relevant stakeholders
• Review certain key business transactions amd initiatives
• Provide tax advice on all cross border transactions

Accountability: Compliance and Reporting

• Oversee and review TP compliance processes
• Manage SARS and ARO audits and information requests
• To the extent necessary the preparation of a detailed functional analysis for complex transactions

Accountability: Management of tax risk

• Understanding stakeholders’ needs to provide value added and timeous tax advice and service through ongoing consultation
• Identifying and implementing (and/or supporting implementation of) TP tax opportunities
• Attending Forums, Mancos and Board meetings to present TP tax matters impacting the relevant entity
• Providing tax TP sign off on new products within the business
• Advising the business on the TP tax implications relating to transactions/projects and recommending solutions
• Liaising with external auditors to resolve identified TP tax findings
• Preparing tax briefs and liaise with external advisors to obtain TP tax opinions on uncertain tax positions relating to complex transactions
• Reviewing and providing commentary on changes in TP tax legislation impacting business
• Providing TP tax training to businesses where appropriate to enhance tax awareness and effective tax management
• Collaborating, provide opinion, implement guidance in relation to tax accounting, compliance, reporting activities carried on within and outside of the Group Tax function
• Identifying and quantifying TP tax risks within business units related to significant transactions

Accountability: People Management

• Motivate and coach team members and ensure that their efforts are recognised
• Assist with the interviewing and recruitment of new members to the broader Tax team
• Maintaining a good working relationship with colleagues within the Group Tax team
• Enable upskilling by sharing knowledge and industry trends with colleagues during formal and informal interaction

General

• Develop and maintain industry knowledge and represent Absa on industry sub committees (e.g., BASA, National Treasury, etc)
• Supporting the Head of TP and International Tax as well as the Tax Leadership team in delivering the Tax Strategy

Role/Person Specification

Education and Experience Required:

• CA(SA) qualification or related equivalent
• Five years’ transfer pricing experience within the financial services industry across multiple jurisdictions
• Proficient in MS Office (Word, Excel, PowerPoint and Outlook)
• BCom with Economics is advantageous.

Knowledge & Skills:

• Ability to resolve complex tax and finance issues faced by banking firm and in an ever-changing environment
• Excellent technical transfer pricing knowledge
• Control and execution focused
• Strong ability to identify opportunities and add value
• Maturity to interact and communicate with management and employees at all levels
• Strong negotiation skills and experience in negotiations with SARS
• Strong manager of professional external advisors
• Proven business acumen and ability to look at the bigger picture
• A strong understanding of financial analysis
• Excellent provider of analysis and summaries
• Proven leadership skills
• Understanding of regulatory requirements

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
• Willingness and initiative to share skills and develop a high-performing team

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 advertise

Accountability: Tax advice

• Manage the group’s multi-territory and cross border tax related activities to pro-actively identify, optimise and address identified tax opportunities and risks
• Monitor and research relevant international tax trends, legislative changes and relevant global economic/fiscal changes, documenating such and disseminating to the relevant stakeholders
• Review certain key business transactions amd initiatives
• Provide tax advice on all cross border transaction

Accountability: Compliance and Reporting

• Oversee and review TP compliance processes
• Manage SARS and ARO audits and information requests
• To the extent necessary the preparation of a detailed functional analysis for complex transaction

Accountability: Management of tax risk

• Understanding stakeholders’ needs to provide value added and timeous tax advice and service through ongoing consultation
• Identifying and implementing (and/or supporting implementation of) TP tax opportunities
• Attending Forums, Mancos and Board meetings to present TP tax matters impacting the relevant entity
• Providing tax TP sign off on new products within the business
• Advising the business on the TP tax implications relating to transactions/projects and recommending solutions
• Liaising with external auditors to resolve identified TP tax findings
• Preparing tax briefs and liaise with external advisors to obtain TP tax opinions on uncertain tax positions relating to complex transactions
• Reviewing and providing commentary on changes in TP tax legislation impacting business
• Providing TP tax training to businesses where appropriate to enhance tax awareness and effective tax management
• Collaborating, provide opinion, implement guidance in relation to tax accounting, compliance, reporting activities carried on within and outside of the Group Tax function
• Identifying and quantifying TP tax risks within business units related to significant transaction

Accountability: People Management

• Motivate and coach team members and ensure that their efforts are recognised
• Assist with the interviewing and recruitment of new members to the broader Tax team
• Maintaining a good working relationship with colleagues within the Group Tax team
• Enable upskilling by sharing knowledge and industry trends with colleagues during formal and informal interactio