Tax Manager

Job Description

Empowering Africa’s tomorrow, together…one story at a time.

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

My Career Development Portal: Wherever you are in your career, we are here for you. Design your future. Discover leading-edge guidance, tools and support to unlock your potential. You are Absa. You are possibility.

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)