ABSA Group
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.
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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)