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

Requirements

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