Assistant Tax Manager

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Job Summary

Ensure the bank and its subsidiaries’ comply to all applicable tax regulation and all regulatory reporting is carried out in accordance with the applicable rules

Job Description

Accountability

Tax Compliance and Planning

• Responsible for general tax compliance work - tax computations, PAYE, WHT, VAT , Excise duty and payment of Corporate tax installments
• Responsible for all reconciliations on all tax accounts and reporting to internal management and external stakeholders
• Responsible for implementation of appropriate and optimal tax operational procedures
• Responsible for development and implementation, of global transfer pricing and international tax planning policies
• Responsible for tax planning advising the bank on the optimum tax structures, corporate re-structures investment policies and employee compensation restructuring.
• Responsible for performing tax due diligence in new product development and providing business functions with relevant tax advice
• Ensure that all tax payments are made on time

Key Stakeholder Management

• Manage the relationship with external tax advisors and BIA
• Maintain close relations with the, Tax Authorities and the Central Bank and other applicable Regulatory Bodies
• Maintain close relations with Group Head of Tax and ensure alignment with Absa Africa Tax Objectives
• Maintain Relationship with Functional heads

Risk Management Control and Compliance

• Understand the appropriate Group and RoA Policies & Standards applicable to role.
• Understand risks and risk events (incidents) which are faced in the role thereby contributing to the adherence to the Group Risk and Control Framework.

Technical skills / Competencies

• Excellent communication skills at all levels.
• Excellent comprehension skills to understand and interpret financial data and economic trends.
• Strong formal presentation skills to gain acceptance to solutions, both internally and externally.
• Interpersonal skills
• Planning and organisation skills
• Ability to think creatively and identify innovative solutions
• Up to date knowledge of all applicable tax laws and some considerable understanding of accounting technical issues (International Accounting Standards/IFRS, etc)
• Strong ability to view issues from a risk & control perspective
• Highly numeric/strong analytical and problem-solving skills
• Drive to continually improve processes and seek new challenges
• Ability to work well under pressure, working accurately with attention to detail, and meeting deadlines
• Demonstrated ability to maintain and enhance relationships with contractors and staff

       in order to achieve work goals.

• Skills in forecasting, budgeting and analysis of variances.
• Strong customer focus (internal and external).
• Strong communication skills and interpersonal skills to effectively translate ideas, concepts and information

Knowledge, Expertise and Experience

• Detailed understanding of the objectives of Absa Africa and how they are translated to financial objectives.
• Thorough knowledge of the banking products/services offered, as this will determine the accounting treatment in the books of the bank.
• Knowledge in Bank’s strategic objectives and systems
• Relevant first degree and Accounting professional qualification
• Significant practical experience in a Senior Tax role
• Experience on Tax compliance in a financial institution
• Demonstrated ability to manage, motivate and develop a team and effectively work with other staff
• Technical and practical skills in tax compliance
• Knowledge of the Bank’ procedures and processes
• Up to date knowledge of VAT, WHT and Income Tax

Education

Higher Diplomas: Financial Sciences (Required)