Finance Administrator

About Discovery

Discovery’s core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with those of Discovery. Our fast-paced and dynamic environment enables smart, self-driven people to be their best. As global thought leaders, Discovery is passionate about innovating in order to not only achieve financial success, but to ignite positive and meaningful change within our society.

About Invest

Launched in 2007, Discovery Invest offers the full range of investment products for any client need, providing access to our top performing range of Discovery funds as well as a wide selection of leading local and international fund managers. Recently, Discovery Invest launched a unique offshore offering to enable South African investors unparalleled ease in accessing international investment opportunities. Discovery Invest is seeking to leverage the shared-value model to promote financial health and freedom for millions of South Africans. Through unique behavioural incentives and benefits, we reward clients for positive investment behaviour with extra investment returns. Discovery Invest is the only shared value investment platform in the country maximizing client outcomes before and after retirement. It is important for our employees to provide world class service to our internal and external clients, thereby ensuring long and sustainable relationships.

Key Purpose

The successful candidate will be responsible for:

• Sourcing data, calculating tax liability, completing and submitting tax and regulatory returns;
• The payment of tax liability and reconciliation to general ledger;
• Providing support and analysis on tax and regulation related queries;
• Assisting with the preparation of working papers, supporting documentation and financial statements for the external audit of the Discovery Retail Retirement Funds.

Objectives of this role

• To support in maintaining compliance with the tax and regulatory obligations of Discovery.

Responsibilities

• Monthly preparation of tax schedules and returns (PAYE, VAT, DWT)
• Monthly and bi-annual tax reconciliations
• Quarterly monitoring and reporting on Reg. 28
• Asset reporting including asset allocations and exchange control reporting
• Calculation and reporting on capital adequacy requirements
• Completing and submitting industry statistics and other returns
• Statutory reporting on Retail Retirement Funds

Education and Experience

• BCom or equivalent tertiary qualification
• Experience in the Financial Services and Retirement Funds industry with specific exposure to dealing with regulatory and tax administration
• Knowledge of Pay-As-You-Earn, Value Added Tax and Dividends Withholding Tax principles
• Advanced Computer Literacy (MS Excel and Compass)

Required skills and qualifications

• Integrity, honesty and reliability
• Highly motivated self-starter who takes initiative
• Ability to plan and control workflow to effectively manage the team’s deadlines
• Ability to communicate effectively both verbally and in writing
• Strong administrative, tax and accounting knowledge
• Ability to apply knowledge in a practical setting
• Strong numerical and verbal reasoning skills

Preferred skills and qualifications

• BCom or equivalent tertiary qualification (Finance, Tax and Accounting modules would be advantageous)
• Knowledge of the Discovery products and experience of working within the operations of Discovery Invest.

EMPLOYMENT EQUITY   
                             
The Company’s approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.