Tax Compliance Manager at Heritage Insurance

Job Summary

The role holder will be responsible for management of tax filing and accounting operations, compliance, and reporting, ensuring adherence to tax reporting standards, and advising on tax issues.

Key Responsibilities

• Oversee Income taxes, indirect taxes and other levies making sure they are dealt with in a timely manner while
• minimizing tax assessments and optimizing professional fees.
•  Answering tax audit information requests from Kenya Revenue Authority.
•  Assist in development and implementation of tax planning strategies.
•  Research and understand various tax statutes as applicable to the group.
•  Review income tax returns prepared by the tax consultants.
•  Periodically review all returns made to the tax authorities and other government bodies that impose a financial obligation.
•  Manage indirect tax compliance including Value added tax (VAT), Excise tax, Customs duties.
•  Drive development of technology solutions for tax compliance technology solutions
•  Manage key external advisor relationships (KRA, Tax consultants)
•  Train and mentor Staff on tax awareness
•  Manage external tax advisors to ensure timely filings for all tax returns, sign off on returns prepared by external advisors when needed.
•  Ensure the proper, accurate and complete reporting of foreign transactions under applicable Kenya rules.
•  Working closely with the accounting departments to ensure transactional taxes are deducted correctly and paid promptly.
•  Review and sign-off all payments requisitions and ensure taxes have been accounted correctly.
•  Review processes and product development for tax risks.
•  Review all new contracts for tax exposures,
•  Review new products.
•  Computation of corporation tax at every reporting period including deferred tax adjustments.

Qualifications

• Bachelor’s Degree in in Accounting, Finance, Economics or Related Discipline
• Legal background with bias in tax laws (diploma in LLB)
• 15 years’ experience in finance, five of which should be in senior management

Competencies

Technical Competencies

•  Skilled in use of spreadsheets
•  Business analytics
•  Deep understanding of insurance accounting
•  Technical report writing skills.
•  High degree of understanding of all tax laws (Income tax, VAT, Excise, Tax procedures, all levies by various
•  ministries and county governments).

Behavioural competencies

•  Self-motivation
•  Pro activeness
•  Leadership skills
•  Getting stuck into the detail / get involved
•  High standards of integrity and professionalism
•  Innovation and creativity
•  Presentation skills
•  Problem solving skills
•  Excellent commercial and business experience
•  Exceptional communication skills at all levels
•  Strong IT skills, always ahead of new technologies
•  Ability to handle high levels of pressure and critical decision making

Core Competencies

•  Formulating strategies and concepts
•  Entrepreneurial and commercial thinking
•  Planning and organizing
•  Relating and networking
•  Working with people
•  Adapting and responding to change
•  Deciding and initiating action
•  Persuading and infiuencing
•  Presenting and communicating information
•  Leading and supervising
•  Creating and innovating
•  Adhering to principles and values
•  Achieving personal work goals and objectives