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Job Title:   Head of Tax Uganda

Organisation: UAP Old Mutual Insurance

Duty Station:  Kampala, Uganda

About the Company:

The UAP Old Mutual Group is an integrated Financial Service business comprising Faulu Microfinance Bank, UAP and Old Mutual. The Group, which is operational in East Africa services to more than 1.2 million customers across Kenya, Uganda, Tanzania, Rwanda and South Sudan. The UAP Old Mutual Group now comprises of three key players as a result of the acquisition of a controlling stake in Faulu in 2014 and UAP in 2015 by Old Mutual. The acquisitions resulted in Old Mutual Kenya UAP Holdings and Faulu Microfinance Bank, forming one of the largest financial services groups with a growing footprint in East and Central Africa. UAP and Old Mutual have been major players in the financial services market in East Africa for decades. The two entities have vast experience in Insurance, Investment, Asset Management and Banking, and are passionate about helping our customers achieve their financial goals.

Job Summary:   Key focal point for the Uganda entities tax matters and across all tax obligations to provide an enabling and favorable tax environment and tax understanding in the business, liaison with all internal and external stakeholders such as URA, Government, Consulting firms, Government agencies among others, in all matters tax.

Overall tax compliance across all relevant tax areas. Tax management to ensure nil exposure, management of effective tax rate and tax planning to ensure operational, administrative and cash flow efficiencies.

Key Duties and Responsibilities:

Tax Compliance

• Review of monthly and yearly tax returns of the entities once they fall due
• Review of tax paid schedules to be used to settle the taxes payable for the period
• Ensuring compliance to tax regulations and law of filling the returns by due dates to avoid the penalties and interests charged for non-compliance.

Tax Reconciliations

• Review of reconciliation of tax ledger control accounts, balance sheet substantiation of tax related accounts and tax journals.

Tax Reporting

• Review of information necessary for calculations of tax expense and necessary explanations to Group tax team from the respective line of businesses and country perspective.
• 1st level review of Tax packs and computations prepared by Reporting Accountants and junior tax analyst to ensure accurate commentaries and explanations.
• Coordinate review responses for timely resolution of queries from EA Head of Tax and OMAR Tax team.
• Review of Tax notes prepared by Reporting accountants to ensure the accuracy of tax expense in the financials as well as proper explanations and disclosures
• Review of tax reports required for submission to E. Africa and OMAR Tax Function such as Taxes paid schedules, compilation of tax returns repositories.

Stakeholder Management

• Central coordination person between the revenue authority/ tax advisors and group tax team on tax matters in the respective entities

Tax Risk and Issues Management

• Managing and maintaining tax risk and issues tracker relating to the respective entities
• Identification of Root causes of tax issues and implementation of mitigation measures
• Timely escalation of key tax risks and issue identified to the Head of Tax, CFOs and OMAR Tax teams

Tax Planning and Process improvement

• Developing strategies to minimize tax liabilities while adhering to legal requirements. This may involve analyzing financial data to identify tax-saving opportunities. Management of effective tax rate.
• Manage tax refunds and mitigate risks of tax overpayments to the revenue authorities.
• Champion the implementation and review of the standard tax operating procedures (SOPs) and continuously embed internal control improvements in the businesses.
• Analyzing current tax processes and suggesting improvements to enhance efficiency and accuracy.
• Support with transfer pricing/SLA reviews and documentation.

In house Consultancy

• Advising Finance Operations, compliance, reporting and other business unit teams to ensure accurate application of tax law changes on a day-to-day basis.
• Staying updated on changes in tax laws and regulations. Analyzing how these changes impact the organization and advising on necessary adjustments. Upskilling the business teams on tax matters.

Qualifications, Skills and Experience:

Skills and Competencies

• Advanced Tax Knowledge and Regulation Compliance
• Strategic Tax Planning and Risk Management
• Financial Analysis and Business Acumen
• Technology Proficiency and Data Analytics
• Leadership and Team Development
• Effective Communication and Stakeholder Engagement
• Adaptability to Regulatory and Global Changes

Knowledge & Experience

• At least our seven years’ experience in a tax advisory/accounting or law firm.

Qualifications

• University degree in a business-related field or a bachelor’s degree in law (LLB) from a recognized university
• A fully qualified and certified public accountant or ACCA qualification/Certified Tax Advisor/Advanced Diploma in International Taxation (ADIT) is an added advantage.
• This role is responsible for interpreting the various RSA tax acts and assist with the provision of advice and guidance to all business units on minimizing tax risks. The incumbent is individually accountable for achieving results through own efforts, over periods of 3 months to a year.( Specialist).

Skills

• Accountability, Accountability, Accounting, Action Planning, Analytical Thinking, Balance Sheets, Budget Management, Business, Business Acumen, Business Units, Cash Flow, Coaching, Codes of Conduct, Commentaries, Compliance Reviews, Computer Literacy, Control Accounts, Customer Queries, Data Analytics, Database Management Systems (DBMS), Database Reporting, Data Classification, Data Compilation, Data Controls, Data Management {+ 42 more}

Competencies

• Business Insight
• Communicates Effectively
• Ensures Accountability
• Financial Acumen
• Manages Complexity
• Optimizes Work Processes
• Organizational Savvy
• Plans and Aligns
• Education
• Advanced Certificate (AdvCert): Accounting For Chartered Accountants (Required), Bachelors Degree (B): Accounting And Business Administration (Required), Bachelors Degree (B): Law (Required)

How to Apply:
All suitably qualified candidates are encouraged to submit your application and complete Curriculum Vitae by applying online through visiting Old Mutual’s e-recruitment jobs portal at the web link below.

Click Here

Deadline: 27th December 2024

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