Tax Manager

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Job Summary

To deliver and ensure statutory tax compliance for a specific company or specific tax discipline within the business and provide tax advice where appropriate.

Job Description

• 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
• Perform the group’s self- tax assessments and in-depth examinations, to identify areas of tax exposure and non-compliance and implement appropriate measures
• Engage the revenue authority on objections, appeals and dispute resolution; make submissions on behalf of the bank
• 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

• Responsible for the timely and accurate submission of all regulatory reports including but not limited to the monthly prudential return, BA 610, Basel II parallel run reports, quarterly publications
• Regular review of the effectiveness of the process of preparation of statutory returns in order to minimise the risk of misreporting and ultimately the Bank being penalised

• 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
• Engage BAGL Head of Tax and ensure alignment with Absa Africa Tax Objectives
• Manage Relationship with Functional heads

• Understand the appropriate Group and RoA Policies & Standards applicable to role.
• Understand and manage risks and risk events (incidents) which are faced in the role thereby contributing to the adherence to the Group Risk and Control Framework.
• Ensure that practices and controls required by Policies are communicated to all relevant colleagues
• Ensure that independent oversight, on a proactive basis takes place of the risk performance (including related control effectiveness) Principal Risks.
• Maintaining procedures to monitor compliance with Policies and any controls required by them

• Ensuring compliance with the Group process for applications for waivers and dispensations and the notification of breaches of Policies as appropriate

• Provide leadership and coaching more broadly across finance
• Manage the provision of training and support to other areas of the bank to ensure they have sufficient tax compliance understanding to support the Tax function
• Proactive engage members of the bank’s senior leadership team committed to achieving success and providing support for Colleagues.
• Pursue your own personal development to increase job effectiveness

Education

Bachelor`s Degrees and Advanced Diplomas: Financial Sciences (Required)