Manager, Tax & Regulatory Reporting

Job description

Job Description

To execute tax and regulatory reporting processes and services to various stakeholders within a dedicated portfolio to minimize tax and regulatory risks. Provide advisory services on tax and regulatory aspects to ensure that the area is undertaken in a compliant manner to avoid operational losses, fines, penalties or reputational damage to the organization and enable the competitive advantage of the organization.

Assist and support the Head, Tax and Regulatory Reporting with all reporting requirements to the Zambia Revenue Authority (ZRA), Bank of Zambia (BOZ) and other regulatory bodies.Zambia Job Market

Prepare tax computations across all tax types and payment schedules for the Bank and its subsidiaries to ensure relevant compliance with regulations and laws. Ensure timely submission of tax returns and payments to the ZRA.

Assist in the preparation or review of prudential returns and ensure timely submission to the Bank of Zambia and SARB

Build good and cordial relationships with regulators.

Keep abreast of and analyse regulatory and legislative developments, in order to deliver expert advice to relevant stakeholders, especially business units and management.

Follow all standard operating procedures and Group reporting frameworks to ensure compliance across the business.

Maintain up-to-date tax reporting software platform for Group reporting on monthly basis.

Maintain proper records and filing of all tax returns and payments for compliance with tax law and ensure effective reporting of all material tax and regulatory risks per the Bank’s risk control framework.

Carry out all General Ledger suspense account reconciliations related to various taxes and regulatory aspects.

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Perform all regulatory reporting services to ensure compliance to all regulatory submission due dates of the Central Bank returns/reports, analysing and providing the related commentary on movements requested by BOZ.

Prepare monthly Tax Information Pack (Tax FIP) and submit timely to Group after Line Manager review.

Perform tax accounting functions including preparing tax related journals and reconciling ZRA tax accounts with internal records.

Proactively identify and address gaps in controls, processes and procedures as well as advise on and monitor remediation plans to address any shortcomings.

Provide appropriate management information from a tax and regulatory reporting compliance perspective.

Qualifications

Type of Qualification: First Degree/ ACCA or CIMA
Field of Study: Finance and Accounting

Experience Required
Tax Management & Regulatory Reporting
Finance & Value Management
5-7 years
The role requires an incumbent with a good understanding of the entire Finance value chain but specialist experience in Tax and Regulatory Reporting. Experience in Banking and Financial Services is required. Accounting systems knowledge – SAP and Finacle IT systems would be required. Sound knowledge of the relevant regulatory requirements and upcoming developments applicable to a specific tax portfolio and reporting to the Central Bank as well as a solid understanding of banking products and activities.

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Productivity software subscriptions
Business Development Support
Online career courses
Online portfolio platforms
Office furniture
Career Guidance
Resume Writing Service
LinkedIn profile optimization
Zambia Job Market
Interview Preparation Service

Tax experience preferably within the banking environment

Understanding and interpretation of the tax laws, financial and regulatory reporting to the Central Bank

Additional Information

Behavioural Competencies:

Adopting Practical Approaches
Checking Things
Developing Expertise
Documenting Facts
Empowering Individuals
Establishing Rapport
Examining Information
Following Procedures
Making Decisions
Producing Output
Taking Action
Upholding Standards

Technical Competencies:

Continuous Process Improvement
Financial Acumen
Financial and Accounting Control
Financial Management (Financial)
Tax Management

**Please note that all applicants not contacted 15 days post the closing date of this advert will be considered unsuccessful.