Job Description

Introduction

Through our client-facing brands Metropolitan and Momentum, with Multiply (wellness and rewards programme), and our other specialist brands, including Guardrisk and Eris Property Group, the group enables business and people from all walks of life to achieve their financial goals and life aspirations. We help people grow their savings, protect what matters to them and invest for the future. We help companies and organisations care for and reward their employees and members. Through our own network of advisers or via independent brokers and utilising new platforms Momentum Group provides practical financial solutions for people, communities and businesses. Visit us at www.momentumgroupltd.co.za

Disclaimer

As an applicant, please verify the legitimacy of this job advert on our company career page.

Role Purpose

Manage the PAYE team and processes for pension funds, ensuring compliance with tax regulations and effective, completeness and accurate administration.

Requirements

Finance and/ or related commerce qualification
A Tax/PAYE qualification will be an advantage
3-5 years' relevant experience
Minimum of 3 years' managerial experience
Knowledge as well as insights into the employee benefits industry and related financial wellness industries
Exposure to key developments in accounting principles
Understanding of relevant legislation (e.g. Pension Funds Act and Regulations, Income Tax Act, RRR, Divorce Act, etc.)

Duties & Responsibilities

Manage the PAYE team and daily functions (Internal Process)

Manage and support PAYE Administrators
Report and review status of EMP201 / EMP501 declarations
Responsible for training and coaching on processes to PAYE & Admin staff
Monthly feedback to Admin staff - e.g. national imbizo sessions
Ensure continuous tax process improvement to address and minimize client and SARS queries and non-compliance matters.
Keep abreast with legislation changes related to Pension Funds.
Resolve all PAYE related queries in a timeous manner.
Perform IT3B reconciliation.
Technical procedures and improvements within the PAYE environment.
Identify and analyse gaps and areas of risk in area specific practices and develop solutions for improvements. (e.g. Unissued certificates and IT3b recon).
Liaise with business analysts for all interactions between system programmers and related PAYE dependencies.
Build and sustain relationships with internal decision makers and interest groups in support of tactical objective achievement.
Analyse ROT in process and implement processes

Enable client centricity within area of responsibility (Client Services)

Provide expertise and advice to clients and stakeholders
Build and maintain relationships with clients and stakeholders
Contribute to the process of negotiating objective and realistic service level agreements, monitor appropriateness and recommend adjustments
Deliver on service level agreements made with clients and internal and external stakeholders in order to ensure that client expectations are managed
Make recommendations to improve client service and fair treatment of clients within area of responsibility
Participate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service
Contribute to effective and consistent service delivery and support to all clients in line with the company's values and Treating Customers Fairly (TCF) principles.

Effectively lead team (People)

Create a positive work climate and culture to energise employees, give meaning to work, minimise work disruption and maximise employee productivity
Demonstrate exemplary leadership behaviour, through personal involvement, commitment and dedication in support of organisational values
Drive a culture that guides and directs best practice, fostering an environment of continuous learning, improvement and cohesiveness
Enable a learning and growth culture whereby information regarding successes, issues, trends and ideas are actively shared between team members
Identify employee growth and development needs and schedule interventions to enable ongoing development, training and personal growth
Effectively manage performance within the team in order to ensure business objectives are achieved
Encourage innovation, change agility and collaboration within the team
Live the MMI values of Accountability, Diversity, Excellence, Integrity, Innovation and Teamwork in all interactions.

Manage budget and implement sound financial controls (Finance)

Compile and control budgets to minimise expenditure in alignment with tactical delivery plans
Control the budget for area, including the authorisation of expenditures and implementation of financial regulations
Manage high risk and problematic financial issues in area of accountability and contribute to the development of policy
Implement and manage financial risk methodologies, techniques and systems and use to monitor and report on financial activities
Implement and provide feedback on the effectiveness of financial policy, practice and procedures: preventing illegal, unethical or improper conduct
Implement risk management, governance and compliance policies in own practice area, to identify and manage governance and risk exposure liability
Investigate reported wilful acts of non-compliance to organisation policy and practice and report on findings

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Competencies

Business Acumen
Collaboration
Customer/ Stakeholder Commitment
Impact and Influence
Drive for Results
Self-Awareness and Insight
Leads Change and Innovation
Diversity and Inclusiveness
Motivating and Inspiring Team
* Growing Talent