Not specified
Job ID: 35017 Location: Lagos Island Job Sector: Banking Region/State/Province/District: Lagos 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 Key Responsibilities:
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
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
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
PAYE, WHT, VAT and Corporate Tax audit:
Keep record of document required for tax audits
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
Manager relationship with tax consultants for the Bank
Ensure all tax receipts are proper kept
Represent the Bank during audits, reviews and investigation
Tax Risk Management:
Custodian of the Bank tax strategy, Policies and Governance document
Identification and evaluation of taxation risks with the Bank
Implementation of systems and processes to mitigate identified tax risk
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
Others:
Provide tax support to the finance reporting team during tax audit
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
Manage the Bank compliance with FATCA, AEOI,CRS etc
Manage the bank tax SOP and attestation to the group
Preferred Qualification and Experience Qualification:
First Degree in Finance and Accounting
Post Graduate Diploma in Finance and Accounting
Experience:
Finance – International 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:
Knowledge of financial accounting principles, classifying, measuring and recording transactions using the financial systems of the Bank.
Financial Acumen: Knowledge and understanding of costing, budgeting and finance concepts and the understanding and application of related processes and procedures
Apply via :
https://www.myjobmag.com/job/104673/tax-manager-bank-stanbic-ibtc