Stanbic Bank Jobs – Finance Manager Taxation & Payments

Organisation: Stanbic Bank
Duty Station:   Kampala, Uganda
Job ID: 9226
About US
Stanbic Bank Uganda Limited is a subsidiary of Stanbic Africa Holdings
Limited which is in turn owned by Standard Bank Group Limited (“the Group”),
Africa’s leading banking and financial services group. The Standard Bank Group
is the leading banking group focused on emerging markets. It is the largest
African banking group ranked by assets and earnings. Stanbic Bank Uganda
Limited is the largest bank in Uganda by assets and market capitalization. It
offers a full range of banking services through two business units; Personal
and Business Banking (PBB), and Corporate and Investment Banking (CIB).
Job Summary:  The Finance
Manager Taxation & Payments will oversee all tax related matters in the
bank and provide an efficient accounts payable service to Stanbic bank Uganda
Limited.
Key Duties and Responsibilities: 
1. Taxation:
  • Manage compliance with tax law in Stanbic
    Bank Uganda Limited (SBUL) and all tax aspects including transfer pricing,
    withholding taxes, indirect taxes, PAYE and tax planning
  • Monitor tax compliance within SBUL.
  • In charge of the identification and
    evaluation of taxation risks within SBUL
  • Implementation of systems and processes to
    mitigate identified taxation risks.
  • Responsible for the preparation of monthly
    and annual taxation computations and returns.
  • New and existing product evaluation to
    determine taxation impact.
  • Custodian of SBUL transfer pricing policy,
    responsible for ensuring that policy is up to date and appropriate
    agreements and approvals are in place to ensure compliance.
  • In charge of the optimisation of SBUL
    taxation expense, by identifying areas of tax savings
  • Manage the relationship and participate in
    selection of external taxation consultants serving SBUL
  • Improve taxation knowledge within SBUL
    through communication and tax training where appropriate
2. Payments:
  • Manage the accounts payable function to
    ensure:
  • Sound internal controls are in place
    within the accounts payable process.
  • All payments are adequately supported and
    appropriately authorised in line with the banks policies and guidelines.
  • Expenditure is within budget
  • Daily clearing of all suspense items,
  • In charge of monthly reconciliation of
    major vendor accounts
  • Foreign payments processed and supporting
    documentation complies with exchange control regulations
  • Local payments processed and supporting
    documentation complies with the Income Tax Act and VAT Act.
  • In charge of monitoring of staff claims to
    ensure that details of payments giving rise to PAYE are forwarded to the
    HR department
  • Actively monitor, prepare and post
    accruals for unpaid invoices where services have been rendered.
  • Branch petty cash control and
    reimbursement.
  • On advice from legal department, timeous
    payment of taxes under authority of a garnishee order/agency notice.
  • Playing a leading role in coaching and
    developing his/her team.
Qualifications, Skills and Experience: 
  • The ideal candidate should possess a University
    Degree in B.Com (Accounting/Finance).
  • Post graduate qualification in a relevant
    field is an added advantage
  • Professional ACCA or CIMA.
  • At least four years banking experience in
    a financial management position.
  • Knowledge of Uganda Banking regulations.
  • Good knowledge and understanding of South
    African Banking regulations will be an added advantage.
  • Good understanding of Ugandan Taxation
    regulations
  • Detailed Understanding of IFRS
  • Working knowledge of accounting software.
    (Knowledge of SAP, Bank Master or Branch Power will be an advantage.)
  • An appreciation and a good understanding
    of macro economics and external factors affecting the business strategies
    adopted, and market serviced by SBUL.
  • Ability to analyse and evaluate data for
    acceptability and correctness.
  • Analytical mind with strong orientation to
    financial analysis.
  • Ability and experience in communicating
    with all levels of management regarding management information needs.
  • Good interpersonal skills required in
    liaising with people at different levels within and outside the bank..
  • Dynamic self-starter with a personal
    ambition to succeed.
  • Ability to work under pressure to meet
    tight deadlines.
How to Apply: 
All candidates who wish to join the one of Africa’s biggest Banking
Groups, Standard Bank in the aforementioned capacity are encouraged to Apply
Online by visiting Link below.
Deadline: 13th May, 2015

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