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Location; Kampala
About Barclays UK:
Barclays is a British multinational banking and financial services company headquartered in London. It is a universal bank with operations in retail, wholesale and investment banking, as well as wealth management, mortgage lending and credit cards. It has operations in over 50 countries and territories and has around 48 million customers. As of 31 December 2011, Barclays had total assets of US$2.42 trillion, the seventh-largest of any bank worldwide.
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:
If you feel challenged by any of the above positions, and believe you can deliver on key deliverables as outlined above, upload your application letter, current curriculum vitae and photocopies of academic certificate to our recruitment website detail below:
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