Safaricom
Role Purpose:
The primary objective is to ensure adherence to tax compliance through the implementation of established tax controls, procedures, and processes, contributing to operational efficiencies within the business. Additionally, the role involves preparing for annual statutory audits and other tax audits as required.
Key Responsibilities and Decision Ownership:
- Prepare and submit monthly tax returns (VAT, withholding tax, Income Tax, and Pension) to the Ministry of Revenue within specified timelines, including the payment of corresponding tax liabilities.
- Facilitate the reconciliation of tax-related GL accounts monthly, collaborating with stakeholders to address identified exceptions.
- Assist in monthly tax computation and reporting, gathering relevant input from various business touchpoints.
- Provide analysis, compile, and present supporting information required by Revenue Authority for periodic information requirements and other audits, collaborating with relevant sources.
- Review new business initiatives, assessing their impact on existing transaction tax calculation processes and system setups.
- Research and respond to tax queries, managing related projects for tax compliance and optimization.
- Actively participate in projects from design to delivery, including performance tracking and reporting.
- Contribute to regular training for finance staff and business partners to mitigate tax exposures within the control environment.
- Proactively advise and support the broader business in providing and coordinating tax advice on operational transactions and ad hoc projects.
- Establish a well-structured process and digital system for company documents, managing files and records to meet regulatory and statutory obligations.
- Support the maintenance of a centralized registry for company information resources necessary for tax compliance.
- Develop a framework and policy for document information management and associated procedures to ensure compliance across the business.
- Support tax invoice collation and filing following defined procedures each month.
- Assist in setting up training programs for key business stakeholders to enhance document management awareness and mitigate risks.
- Label files and enter information on a spreadsheet or portal for efficient document processing.
- Maintain document handling facilities to support efficient document retrieval, use, and maintenance processes.
Core Competencies, Knowledge, and Experience:
Business Competencies:
- Works effectively with others, adapting communication styles to build rapport and influence decisions.
- Focuses on operational excellence, targeting high-value activities and driving continuous improvement.
- Demonstrates creativity and innovation, finding unconventional solutions and taking calculated risks.
- Applies business know-how, using data and research to make financially robust decisions in compliance with standards.
- Responds flexibly to change and manages both business and people aspects of change effectively.
- Proficient in project and program management, defining scope, deliverables, and evaluating progress.
Functional Competencies:
- Proficient in planning and control, analyzing performance trends, and translating strategies into actionable plans.
- Skilled in accounting, preparing, analyzing, and summarizing financial data to support operations and deliver statutory information.
- Capable of delivering timely and accurate reports to meet statutory and business requirements.
- Competent in treasury functions, advising on funding requirements for the business.
- Knowledgeable in tax, delivering filings/reports to satisfy statutory and business requirements, with expertise in tax accounting and disclosures.
Education & Experience:
- Bachelor’s degree in business, legal, or Accounting & Finance.
- Completed professional qualification (CPA, ACCA, or equivalent accounting/tax designation).
- 5 years of progressive experience in tax finance roles, including tax reporting, compliance, and accounting.
- In-depth experience and technical knowledge of tax accounting and disclosures for accounting & reporting purposes.
- Proven experience in proactive management of tax matters, staying updated with regulatory changes, and engaging with Tax Authorities is an added advantage.
How To Apply:
If you believe you meet the requirements and are ready for the challenge, kindly update your candidate profile on the career portal and click the apply button. Remember to attach your resume.
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Interested applicants can apply before the closing date of the application. For more information please read the full article
Deadline: February 22, 2024
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