Financial Accountant – Tax Reporting at DIB Bank Kenya Limited (DIBBKE)

Job Purpose 

The incumbent will be responsible for managing and executing the bank’s tax reporting processes. Your role will involve ensuring accurate and timely tax reporting, compliance with tax laws, and minimizing tax-related risks. The ideal candidate is detail-oriented, well-versed in tax regulations, and capable of managing complex financial data.

Key Responsibilities 

• Review all tax schedules and tax returns for submission to Tax Authorities.
• Maintain the required tax regulations, coordinate preparation and review of all tax returns within the Bank’s guidelines.
• Preparation of monthly, semi-annual, and annual corporate and deferred tax computations for the Bank.
• Tax health checks for outstations and subsidiaries to ensure tax compliance with the Tax authorities, regulatory bodies in the banking industry.
• Supporting with matters relating to tax administration and compliance including daily monitoring of transactions, review for accuracy and completeness of tax deducted and timely remittance of tax.
• Reconciliation of Tax accounts and analysis of tax risks for necessary provisions to be made.
• Identify, lodge, and follow up tax refund claims with tax authorities and fast track the refunds to improve the Company cash flows.
• Identify and lobby for tax law amendments and exemptions with the various Jurisdictions to reduce the cost for the Bank.
• Monitor markets and pre-empt risks for both the Bank and the client with timely identification of potential problem accounts and formulating appropriate risk mitigating strategies.
• Ensure the Bank’s iTax ledger is clean through proactive follow up with the regulator on any legacy transactions outstanding.
• Ensure iTax ledger is updated with all transactions.
• Confirm the accuracy of records and documents related to tax reporting and preparation.
• Conduct research on tax compliance issues at the local and national levels and advise management.
• Any other duties as may be assigned by the line manager from time to time.

Job Specification 

• Minimum bachelor’s degree preferably in accounting, finance, or business administration from a recognized institution.
• Fully qualified Certified Public or Chartered Accountant or similar qualification.
• Minimum of 4 years of experience with proven track record as a tax specialist or analyst.
• Extensive knowledge of accounting methods, tax laws, and audits.
• Excellent analytical and problem-solving skills.
• Proficiency with relevant accounting software.
• Good knowledge of sharia compliant banking operational processes will be an added advantage.