Finance Manager Tax Job Placement – Stanbic Bank



Organisation: Stanbic Bank 
Duty Station: Kampala,
Uganda

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 Tax will manage all tax
related matters in the bank and provide an efficient accounts payable service
to Stanbic Bank Uganda Limited.
Key Duties and Responsibilities: 
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.
  • Identification and evaluation of taxation risks within SBUL
  • Implementation of systems and processes to mitigate identified
    taxation risks.
  • 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.
  • 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
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,
  • 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.
  • Monitoring of staff claims to ensure that details of payments giving
    rise to PAYE are forwarded to the HR departments
  • 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 applicant for the Stanbic Bank Finance Manager Tax job must hold
    a University Degree in B.Com (Accounting/Finance).
  • Post graduate qualification in a relevant field is an added
    advantage
  • ACCA or CIMA.
  • At least four years of banking experience in a financial management
    position.
  • Knowledge of Uganda Banking regulations.
  • Understanding of South African Banking regulations will be an added
    advantage.
  • Good understanding of Ugandan Taxation regulations
  • 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.
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