Job Poa

Job Opportunity at Standard Bank Group- Jobs inTanzania November 2018

Job Opportunity at Standard Bank Group

Job Title: Manager, Tax & Regulatory Reporting


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
This position is responsible for ensuring compliance with the Bank of Tanzania’s financial reporting requirements, Preparation and review of the bank’s regulatory reports, Management of the bank’s taxation affairs and Capital management

Key Responsibilities/Accountabilities


Regulatory

Ensuring compliance with Bank of Tanzania and South African Reserve Bank (SARB) regulations
Manage and review the daily, weekly, monthly and quarterly regulatory reports to the Bank of Tanzania in accordance with the Bank of Tanzania’s regulations.
Manage and review monthly and quarterly reports for regulatory reporting to the SARB (BA 610).
Facilitate internal/external regulatory audit and Bank of Tanzania examination process by providing the information and explanations required.
Implementation and ensuring compliance with Basel II accord capital and regulatory requirements when adopted by Tanzania.
Liaison with Bank of Tanzania on all matters relating to regulatory reporting.
Preparation of statutory Financial statements for publication
Prepare quarterly competitor analysis and circulate to EXCO
Preparation of daily positions through MIS report and distribution to Management, also alert management in case of any breach


Taxation

Remit statutory payments (PAYE, VAT, WHT, NSSF) and obtain receipts and certificates.
Manage compliance by SBT with tax laws and all tax aspects including transfer pricing, withholding taxes, indirect taxes, PAYE and tax planning
Monitor tax compliance within SBT.
Identification and evaluation of tax risks within SBT
Implementation of systems and processes to mitigate identified taxation risks.
Preparation of monthly and annual taxation computations and returns.
Review monthly deferred taxation calculations/ reconciliations.
New and existing product evaluation to determine taxation impact.
Optimisation of SBT taxation expense, by identifying areas of tax savings.
Improve taxation knowledge within SBT through communication and tax training where appropriate.
Review tax reconciliation in FIP.
Liaise with Tax Consultants on tax-related matters including tax planning.
Liaison with Tanzania Revenue Authority on all matters relating to taxation.
Responsible for tax side of budgets and forecasts.
Review and sign off all tax-related reconciliation accounts prepared monthly e.g. PAYE, WHT etc.
Liaison with Africa Tax Team.

Capital Management

Maintenance of adequate capital as required by Bank of Tanzania.
Capital management planning and forecasting, ensuring both Tanzania and South African requirements are met.
Optimisation of capital structure, ensuring an appropriate mix of Tier I and Tier II capital.
Maintain a minimum capital base whilst ensuring compliance with minimum capital requirements and providing adequate capital for business growth.
Monitoring of legal lending limits; ensuring that this is not breached. Report discrepancies to direct manager.
Monitor capital adequacy levels and report discrepancies to direct manager.
Responsible for Capital side of budgets and forecasts

Read Also: NEW TANZANIAN JOBS OPPORTUNITIES (300+ POSTS)


General

Liaison with a tax consultant.
To be responsible for own development and that of subordinate
To assist with regulatory queries and to provide mentoring and coaching where this is appropriate.
To develop line staff by assisting in the identification and addressing of training and development needs if applicable.
To provide relevant training, updates or guidelines to branches in conjunction with relevant line managers at the Bank.
To complete and be responsible for delivering against own balance scorecard in line with finance division’s balanced scorecard.


Preferred Qualification and Experience
Bachelor degree/ Advanced Diploma in Accounting or  Finance
ACCA/CPA or CIMA.
Postgraduate diploma or certificate in taxation (an advantage)
Knowledge/Technical Skills/Expertise
Minimum of 5 years of banking experience in a financial management position.
Knowledge of Tanzania Banking regulations.
Understanding of South African Banking regulations will be an added advantage.
Good understanding of Tanzania Taxation regulations.
Understanding of IFRS.
Working knowledge of accounting software. (Knowledge of SAP or FINACLE will be an advantage.)

CLICK HERE TO APPLY 

Related Articles

Profoma Project Coordinator at Tanzania Food and Drugs Authority (TFDA), June 2018

THE UNITED REPUBLIC OF TANZANIA MINISTRY OF HEALTH. COMMUNITY DEVELOPMENT TANZANIA FOOD AND DRUGS AUTHORITY Date: 01st June, 2018 JOB VACANCY NAFASI ZA KAZI/AJIRA TFDA The Tanzania Food and Drugs Authority (TFDA) is an Executive Agency under the Ministry of Health, Community Development, Gender, Elderly and Children (MoHCDGEC) responsible for the control of quality, safety […]

Ajira Tanzania 2018

Finance Internship at Adeso – Kenyan Jobs

Company: Adeso Location: Nairobi, Nairobi County, Kenya State: Nairobi Job type: Internship Job category: Accounting Jobs in Kenya (adsbygoogle = window.adsbygoogle || []).push({}); Adeso is an expanding and vibrant African based international development and humanitarian organization. At Adeso, we work with African communities who are yet to realize their full potential; working inside these communities to create environments in which Africans […]

WE THRIVE Women Empowerment Coordinator- Jobs in Tanzania 2018

WE THRIVE Women Empowerment Coordinator- Jobs in Tanzania 2018 TATU Project is a non-profit organization that facilitates equal and sustainable development for the rural community of Msitu wa Tembo and Londoto in Northern Tanzania. We address community needs and build effective solutions through active collaboration with members of the community and relevant stakeholders.W.E. THRIVE PROGRAM […]