Category: Govern Legal Compliance & Sustain - OF5302
Posted by: Alexander Forbes
Posted on: 07 Oct 2024
Closing date: 14 Oct 2024
Location: Sandton
Purpose Of The Job
To provide comprehensive legal solutions to Alexforbes with the aim of ensuring compliance with applicable tax requirements for external retail and institutional clients, resolving legal issues, minimizing the risk of non-compliance with tax requirements and ensuring businesses goals are met. Specific focus on tax advice to financial advisors in respect of individual retail clients. Identifying functions and tasks to be referred to external parties to ensure that any potential internal capacity and capability constraints are effectively and efficiently managed.
Overview
- Responsible for advising business, and in turn external retail and institutional clients on relevant tax legislation relating to services and products provided by Alexforbes
- Understanding and applying relevant tax requirements in the provision of advice, opinions and contracts on tax related matters
- Specific focus on tax advice to financial advisors in respect of individual retail clients
- Providing holistic tax solutions to Alexforbes in respect of the products and services provided by Alexforbes
- Keep abreast of tax legislation relevant to Alexforbes products and services
- Interact and maintain good relations with regulatory authorities
- Refer identified tasks and functions to external parties, as per known processes, to ensure effective and efficient delivery of tax functions to the business
- Advanced knowledge and experience of tax legislation, including Income Tax Act, FATCA and SARS guidance notes and procedures
- Good knowledge of legislation pertaining to financial services, such as insurance and pension funds laws
- Good knowledge of regulatory framework of institutional and retail financial services products and services
- Drafting and vetting identified contracts and policies
- Responding to tax queries
- Researching complex tax matters and giving input into business projects
- Referring identified tasks, including but not limited to specified contracts, complaints, litigation and opinions to third parties base don risk or complexity
- Lobbying and giving input to the regulators on new tax legislation
- Active industry body participation
- Participating in Group wide projects in relation to tax requirements
- Drafting and amending of policy documents, internal procedures, publications and client forms and contracts in relation to tax requirements
- Review, analyse and provide advice and training on draft and final tax law changes
- Daily legal and technical responses to queries from financial advisers and internal staff on aspects of tax, retirement funds and financial planning matters
- Advice to the internal tax team (the team responsible for processing tax directives and applying tax on claims)
- Provide legal, tax and technical advisory support to advisory businesses, administration teams and product teams.
- Admitted Attorney
- LLB/BProc
- Postgraduate Legal Diploma/Degree/qualification in Tax
- Legal or Financial Services role specialising in tax advice
- 5 years experience in a Legal or Financial Services role specialising in Tax advice
