Senior Tax Consultant - Transfer Pricing at Absa Group Limited (Absa)

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