Job Purpose
Management of day to day tax compliance and computation as per legal statutes. Accounting and maintenance of the banks fixed and intangible assets.
KEY RESPONSIBILITIES:
Tax – 50%
I-tax gateway reconciliation, payments, and remission of cash to CBK within the stipulated time (T+2).
Review of all invoices on a monthly basis to ensure relevant taxes have been deducted & remitted.
Monthly reconciliation of all tax ledgers and explanation/ remediation of any variances.
Monthly reconciliation of withholding tax on deposits and documentation of variances.
Monthly reconciliation of all TTs to ensure withholding tax on foreign payments & Reverse Charge VAT have been properly accounted for as per relevant tax laws.
Ensure 100% remittance of all tax obligations. (Returns & payments) by the due dates. The tax obligations include VAT, Excise duty, withholding tax, stamp duty, advance tax, and PAYE.
Understand the financial and operational implications of various tax laws and ensure compliance.
Monthly reconciliation of all Tax ledgers.
Perform monthly excise duty reconciliations vis a vis other incomes as reported in the management account.
Ensure complete documentation of relevant support and proof of tax remittance. Assist with retrieval of information during audits by internal auditors, external auditors/consultants & KRA
Tax management and ensuring zero leakage of revenue.
Fixed Assets – 40%
Accounting for fixed assets and preparation of monthly movement schedules.
Key contact person for internal and external auditors in relation to fixed assets & intangible assets.
Preparation of financial notes in the audited financial statements.
Coordination of asset verification exercise as per finance policy.
Quarterly review of branch assets register and accounting for any movements or disposals.
Constant monitoring of teammate audit items and timely closure of the open audit items.
Snap checks on branches to ensure no obsolete/idle assets are retained there.
Coordination of Mombasa building rent collection and accounting for VAT.
Customer management – 10%
Ensuring that both internal (departments and branches) and external customer Tax and fixed assets queries are attended to within reasonable time.
Being proactive in resolving queries in an effort to protect the banks reputation.
CUSTOMERS OF THIS POSITION
Kenya Revenue Authority
Suppliers
Internal & External auditors
Branches & other departments
Knowledge; Skills and Experience required for this Role Job Knowledge
Bachelor’s degree in taxation or accounting required.
5 years experience in a busy finance department
Professional qualification in CPA (K) or in progress.
Ability to prioritize and manage time efficiently.
Good customer service skills
Strong analytical and problem-solving skills
Keen to details.
Proactive in providing solutions.
Competencies required for this Role
Adhering to principles and values
Reporting and Analysis
Good communication skills
Good interpersonal relationship
Delivering Results and Meeting Customer Expectation
Planning and Organizing
Team player
Apply via :
www.sbmbank.co.ke