Assistant Manager, Tax & Fixed Assets at SBM Bank

Job Purpose

Management of day to day tax compliance and computation as per legal statutes. Accounting and maintenance of the banks fixed and intangible assets.

KEY RESPONSIBILITIES:

Tax  - 50%

• I-tax gateway reconciliation, payments, and remission of cash to CBK within the stipulated time (T+2).
• Review of all invoices on a monthly basis to ensure relevant taxes have been deducted & remitted.
• Monthly reconciliation of all tax ledgers and explanation/ remediation of any variances.
• Monthly reconciliation of withholding tax on deposits and documentation of variances.
• Monthly reconciliation of all TTs to ensure withholding tax on foreign payments & Reverse Charge VAT have been properly accounted for as per relevant tax laws.
• Ensure 100% remittance of all tax obligations. (Returns & payments) by the due dates. The tax obligations include VAT, Excise duty, withholding tax, stamp duty, advance tax, and PAYE.
• Understand the financial and operational implications of various tax laws and ensure compliance.
• Monthly reconciliation of all Tax ledgers.
• Perform monthly excise duty reconciliations vis a vis other incomes as reported in the management account.
• Ensure complete documentation of relevant support and proof of tax remittance. Assist with retrieval of information during audits by internal auditors, external auditors/consultants & KRA
• Tax management and ensuring zero leakage of revenue.

Fixed Assets - 40%

• Accounting for fixed assets and preparation of monthly movement schedules.
• Key contact person for internal and external auditors in relation to fixed assets & intangible assets.
• Preparation of financial notes in the audited financial statements.
• Coordination of asset verification exercise as per finance policy.
• Quarterly review of branch assets register and accounting for any movements or disposals.
• Constant monitoring of teammate audit items and timely closure of the open audit items.
• Snap checks on branches to ensure no obsolete/idle assets are retained there.
• Coordination of Mombasa building rent collection and accounting for VAT.

Customer management - 10%

• Ensuring that both internal (departments and branches) and external customer Tax and fixed assets queries are attended to within reasonable time.
• Being proactive in resolving queries in an effort to protect the banks reputation.

CUSTOMERS OF THIS POSITION

• Kenya Revenue Authority
• Suppliers
• Internal & External auditors
• Branches & other departments

Knowledge; Skills and Experience required for this Role Job Knowledge

• Bachelor’s degree in taxation or accounting required.
• 5 years experience in a busy finance department
• Professional qualification in CPA (K) or in progress.
• Ability to prioritize and manage time efficiently.
• Good customer service skills
• Strong analytical and problem-solving skills
• Keen to details.
• Proactive in providing solutions.

Competencies required for this Role

• Adhering to principles and values
• Reporting and Analysis
• Good communication skills
• Good interpersonal relationship
• Delivering Results and Meeting Customer Expectation
• Planning and Organizing
• Team player