Stanbic IBTC Bank Vacancy for a Tax Manager (Lagos Island)

⏲ Sep 24, 2018, 6:40 PM
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Stanbic IBTC Bank is a leading African banking group focused on emerging markets globally. It has been a mainstay of South Africa's financial system for 150 years, and now spans 16 countries across the African continent. Standard Bank is a firm believer in technical innovation, to help us guarantee exceptional client service and leading edge financial solutions. Our growing global success reflects our commitment to the latest solutions, the best people, and a uniquely flexible and vibrant working culture. To help us drive our success into the future, we are looking for resourceful individuals to join our dedicated team at our offices. We are recruiting to fill the position below: Job Title: Tax Manager - Bank Job ID: 35017 Location: Lagos Island, Lagos Job Sector: Banking Job Details

Finance: budgeting and forecasting, creating interim and annual financial statements, facilitating internal mergers and acquisitions, as well as dealing with analysts and investors.

Job Purpose

Manage the Bank tax compliance and tax risk
Oversee the tax function in the Bank.

Key Responsibilities/Accountabilities Monthly tax compliance and providing tax support to different business and department in the Bank:

Prepare monthly WHT, VAT and other tax computation
Monthly WHT and VAT filing
Manage the bank deferred tax computation and measurement
Responsible for the Bank withholding tax management
File other tax related returns with the relevant tax authority
Tax clearance certificate for the Bank and Employees across the State
Monthly tax GL review
Respond to tax enquiries from the network within the Bank
Maintain proper record all of the Bank tax transactions
Manage the Bank annual corporate tax filing

PAYE, WHT, VAT and Corporate Tax audit:

Keep record of document required for tax audits
Manager relationship with tax consultants for the Bank
Ensure all tax receipts are proper kept
Represent the Bank during audits, reviews and investigation
Keep record and response to all tax audit correspondence
Manage the collation of tax receipts
Responsible for the transfer pricing compliance and filing for the Bank

Tax Risk Management:

Custodian of the Bank tax strategy, Policies and Governance document
Optimisation of the Bank tax expense, by identifying and implementing tax planning strategies
Improve tax knowledge within the Bank through communication and tax training
New product & system review for tax compliance
Identification and evaluation of taxation risks with the Bank
Implementation of systems and processes to mitigate identified tax risk

Others:

Provide tax support to the finance reporting team during tax audit
Manage the Bank compliance with FATCA, AEOI,CRS etc
Manage the bank tax SOP and attestation to the group
Responsible for the tax input in Budget and budgeting process for the Bank
Responsible for Encompass for Bank and monthly Tax information Pack for the Group

Preferred Qualifications and Experience Qualifications:

First Degree in Finance and Accounting
Post Graduate Diploma in Finance and Accounting

Experience:

FinanceInternational Financial Reporting Standard
5-7 Years exoperience in Finance & tax position

Knowledge/Technical Skills/Expertise Financial and Accounting Control:

Ability to design control measures and checks in accounting and financial processing activities to mitigate risks of errors, omissions and fraud.

Preparing Financial Statements:

The ability to prepare statutory or official financial statements in line with internationally accepted accounting practices and local regulatory requirement

Financial Accounting: