Overall tax compliance across all relevant tax areas. Tax management to ensure nil exposure, management of effective tax rate and tax planning to ensure operational, administrative and cash flow efficiencies.
- TAX COMPLIANCE
Review of monthly and yearly tax returns of the entities once they fall due
Review of tax paid schedules to be used to settle the taxes payable for the period
Ensuring compliance to tax regulations and law of filling the returns by due dates to avoid the penalties and interests charged for non-compliance.
TAX RECONCILIATIONS
Review of reconciliation of tax ledger control accounts, balance sheet substantiation of tax related accounts and tax journals.
TAX REPORTING
Review of information necessary for calculations of tax expense and necessary explanations to Group tax team from the respective line of businesses and country perspective.
1st level review of Tax packs and computations prepared by Reporting Accountants and junior tax analyst to ensure accurate commentaries and explanations.
Coordinate review responses for timely resolution of queries from EA Head of Tax and OMAR Tax team.
Review of Tax notes prepared by Reporting accountants to ensure the accuracy of tax expense in the financials as well as proper explanations and disclosures
Review of tax reports required for submission to E. Africa and OMAR Tax Function such as Taxes paid schedules, compilation of tax returns repositories.
STAKEHOLDER MANAGEMENT
Central coordination person between the revenue authority/ tax advisors and group tax team on tax matters in the respective entities
TAX RISK AND ISSUES MANAGEMENT
Managing and maintaining tax risk and issues tracker relating to the respective entities
Identification of Root causes of tax issues and implementation of mitigation measures
Timely escalation of key tax risks and issue identified to the Head of Tax, CFOs and OMAR Tax teams
Tax Planning and Process improvement
Developing strategies to minimize tax liabilities while adhering to legal requirements. This may involve analyzing financial data to identify tax-saving opportunities. Management of effective tax rate.
Manage tax refunds and mitigate risks of tax overpayments to the revenue authorities.
Champion the implementation and review of the standard tax operating procedures (SOPs) and continuously embed internal control improvements in the businesses.
Analyzing current tax processes and suggesting improvements to enhance efficiency and accuracy.
Support with transfer pricing/SLA reviews and documentation.
In house Consultancy
Advising Finance Operations, compliance, reporting and other business unit teams to ensure accurate application of tax law changes on a day-to-day basis.
Staying updated on changes in tax laws and regulations. Analyzing how these changes impact the organization and advising on necessary adjustments. Upskilling the business teams on tax matters.
SKILLS AND COMPETENCIES
- Advanced Tax Knowledge and Regulation Compliance
- Strategic Tax Planning and Risk Management
- Financial Analysis and Business Acumen
- Technology Proficiency and Data Analytics
- Leadership and Team Development
- Effective Communication and Stakeholder Engagement
- Adaptability to Regulatory and Global Changes
KNOWLEDGE & EXPERIENCE
At least our seven years’ experience in a tax advisory/accounting or law firm.
QUALIFICATIONS
- University degree in a business-related field or a bachelor’s degree in law (LLB) from a recognized university
- A fully qualified and certified public accountant or ACCA qualification/Certified Tax Advisor/Advanced Diploma in International Taxation (ADIT) is an added advantage.