Job Title: Tax & Treasury Manager
Department: Finance Department
Reporting to: Finance Director
JOB PURPOSE:
Tax reporting Tax Compliance & Planning Tax advisory Treasury operations services ensuring that our Tax and Treasury policies processes and procedures are compliant with the legal tax codes and our organization Global policies.
Main accountabilities of the Tax & Treasury Manager will include:
Tax Compliance & Planning: Drive the tax compliance and planning agenda for all tax heads (Income Tax Withholding Taxes VAT Excise duty Payroll & Customs) affecting the business and review tax returns for each tax obligation. Provide advice on Company specific transactions including reviewing customers and suppliers contracts and highlighting tax exposure areas and ensure that businesses take advantage of existing double tax treaties when contracting. Supervising duty remission program to ensure the business obtains optimal tax benefits from the scheme.
Tax Reporting: Preparing the Companies current tax and deferred tax calculations and analyze the effective tax rate. Liaise with external tax auditors in preparation of end of year statutory financial statements.
Tax Policy: Provide leadership in tax risk mitigation plans and proactively advise the business on new legislation that may lead to tax exposure in the markets where the businesses operate. Ensuring all changes in tax laws affecting the business are implemented in a timely manner.
Transfer Pricing: Monitoring keyrelated party transactions that may lead to transfer pricing risks. Additionally work closely with tax consultants to develop robust transfer pricing policies perform periodic reviews and align the same with local income tax laws and OECD (Organization for Economic and Cooperation Development) guidelines.
Tax audits: Providing support for external audits internal compliance checks and participating in monthly quarterly and yearly compliance audits and health checks. Work in collaboration with tax consultants in handling audit queries raised by the revenue authority and implement agreed upon decisions.
Tax Assessments: Resolving any tax assessments with the tax authority and developing mitigation measures to avoid future tax exposures.
Tax & Treasury Liaison: Act as the link between business and key stakeholders like external tax consultants external auditors tax authorities lobby groups and banks on business matters.
Treasury Management: Ensuring all banking and cash operations are within the company policies. Ensuring the Company maintains adequate funds to meet financial obligations as and when they fall due through effective cashflow management.
Exchange Risk Management: In liaison with banks adopt an optimal hedging strategy against exchange risk exposure.
Credit risk Management: Closely monitoring and supervising credit control operations by ensuring that customers trade within their credit terms and adopt strategies to mitigate credit exposure.
Insurance: Ensuring all Company assets are adequately insured against all potential risks and perils.
Requirements
REQUIREMENTS:
The ideal candidate should meet the following requirements:
University degree in a relevant field.
Professional accounting qualification (CPAK/ACAA).
Familiarity with FMCG organisation financial and operating policies.
Proven ability to interact with other senior local & Corporate/Regional Management.
Good communication and leadership skills
Experience in working in an ERP/Oracle environment.
Minimum 10 years experience in Accounting or Finance 5 years of which should be in a Tax and Treasury or similar role.