Manager, Tax

Job Details

• To support the Head – Tax in effectively managing the SBN Holdings Group’s (“the Namibian Group’s”) taxation position and ensure all entities within the Namibian Group comply with all applicable tax legislation. The Tax Manager will support the Head of Tax in providing tax advice, establishing tax competency and raising tax awareness within the various divisions in the bank and its subsidiaries.
• To support the Head of Tax and CFO in maximizing shareholder value by interpreting and effectively communicating quality tax information after careful data analysis.
•  To effectively manage and control tax risk within the Namibian Group and to ensure tax efficient processes. 

Key Responsibilities

• Assist the Head of Tax in managing the Namibian Group’s full tax compliance positions, achieving an optimal balance between filing tax returns on the most favourable permissible basis and controlling tax risks. More specifically, this will involve, but are not limited to:

-       Preparation/review and filing of returns across all types of taxes;

-       Tax payments;

-       Managing the relationship and interaction with tax authorities;

-       Reviewing any relevant tax assessments received and lodging any appeals;

-       Continually reconciling various in-house tax accounts with the tax authority tax accounts and timely resolving differences;

-       Filing of Tax Claims, Disclosures, Elections, Objections, etc;

-       Dealing with any tax return audits, examinations or enquiries from the tax authorities. 

• Assist Head of Tax in timeous and accurate reporting of tax charges for the purposes of all financial statements and tax-related financial disclosures to tax authorities, regulators, investors and group. More specifically:

-       Accurate tax accounting This includes preparing deferred tax calculations, detailed commentary to explain movements in effective tax rates and tax provisioning.

-       Assisting in preparing all tax related disclosure for annual report, FIPs and TIPs as well as Group Internal Detailed Analysis of Financial results report (DAFR).

-       Ensure adequate tax provisions are maintained and monitoring of the effective tax rate

• Ensure the accurate identification, management, measurement, control and reporting of tax risks
• Provide the business with accurate and timely tax advice in relation to their business activities, and act as a control function in the review of new businesses, projects and new products;
• Manage tax audits by defending positions taken on tax returns with all reasonable technical and factual arguments so as to minimise additional taxes and penalties.
• Analyse the taxation aspect of any agreements made by the bank with third parties and advise accordingly
• Maintain detailed and up to date knowledge of all current tax legislation and other matters which might impact on the company’s tax liabilities.
• Support the tax review/tax audit processes by the external auditors;
• Assist with special projects as they arise
• Manage external advisers engaged to undertake compliance obligations for the company, where applicable, and assist and advise internal stakeholders as required.
• Provide Group Tax with accurate and timely tax advice in relation to taxes in general, tax risk positions, etc. Tax advice should be clear, high quality written opinions providing the necessary tax implications and clear recommendations
• Maintain and enhance the existing relationship with Group and business
• Automate/improve existing tax processes to reduce manual intervention and human error
• Ownership of tax specifications relating to systems being implemented. This will include ensuring the accuracy and efficiency of the tax functions built into the systems as well as documenting clear tax processes in conjunction with the project team.
• Develop/implement and maintain all necessary policies and procedures (including group policies) to ensure effective and optimal planning and management of the company’s tax liabilities.
• Compliance with Tax and FATCA Standard Operating Procedures
• Review and maintenance of Standard Operating Procedures and Process Documentation on an annual basis.
• Assisting Business with the FNR Validation on Finacle when creating or amending CIFs for relevant CIFs.
• Providing Tax training to Business

Qualifications

Qualifications:

• Accounting degree with an HDIP/Masters in Tax  

Experience:

• Tax experience of 2 or more years.
• Knowledge of all relevant taxes is required.
• Knowledge of financial products would be an advantage, however not essential.
• Strong accounting and analytical skills;
• Accounting systems knowledge – preferably SAP.
• Project and people management skills

Having auditing experience would be an advantage, however not essential