Senior Accountant - Tax job at Finance Trust Bank | Apply Now

Tax Reconciliation and Compliance

• Perform detailed reconciliations between the tax ledger and general ledgers.

• Ensure timely and accurate reconciliation of all tax accounts, identifying discrepancies and resolving issues promptly.

• Coordinate with internal stakeholders to gather data necessary for accurate tax reporting and compliance.

  
  

Tax Filings and Statutory Compliance

• Oversee the timely filing of all tax returns in compliance with statutory deadlines, including VAT, corporation tax, PAYE, withholding tax, Local Excise Duty, NSSF, LST and other applicable taxes.

• Manage corporation and deferred tax computations, ensuring accuracy and adherence to statutory requirements.

• Prepare and submit all tax filings in line with local and international regulatory requirements.

Liaison with Tax Authorities

• Act as the primary point of contact with tax authorities, handling inquiries, audits, and requests for information.

• Prepare for and manage any tax audits or inspections by tax authorities, coordinating responses and managing necessary documentation.

Tax Advisory and Law Compliance

• Advise on changes in tax laws and regulations and their potential impact on the bank.

• Provide proactive guidance on tax implications for business decisions, transactions, and strategic initiatives.

• Monitor tax developments, legislative updates, and emerging trends, updating relevant stakeholders as necessary.

Transfer Pricing and Related Party Transactions

• Oversee the transfer pricing processes, ensuring compliance with local and international transfer pricing regulations.

• Handle all related party transactions, maintaining proper documentation and ensuring compliance with transfer pricing policies.

Local and International Payments

• Process and review both local and international payments, ensuring accuracy, compliance to internal policies and procedures, and timeliness.

• Oversee tax compliance on all payment transactions and advise on withholding tax obligations where applicable.

Audit and Reporting Support

• Assist with financial audits by preparing required tax-related reports and reconciliations.

• Support month-end and year-end close processes with accurate tax provisions and account reconciliations.

• Prepare management reports summarizing tax positions, risks, and upcoming deadlines for senior management discussion and decision making.

Process Improvement and Efficiency

• Identify and implement best practices to streamline tax processes and enhance efficiency.

• Contribute to the development and documentation of tax policies and procedures for the bank.

Deposit Listing and Payable Reconciliations

• Reconciliation of the deposit listings and related interest expense and tax to ensure accuracy and compliance with relevant tax heads.

• Reconciliation of non-tax deferred balances and related revenues to ensure accuracy.

• Review monthly payable reconciliations prepared by the accountant to ensure they are complete and accurate by the 3rd day of each month.