Manager, Tax & Regulatory Reporting
Full-time Mid-Senior LevelJob Overview
To execute tax and regulatory reporting processes and services to various stakeholders within a dedicated portfolio to minimize tax and regulatory risks. Provide advisory services on tax and regulatory aspects to ensure that the area is undertaken in a compliant manner to avoid operational losses, fines, penalties or reputational damage to the organization and enable the competitive advantage of the organization.
Assist and support the Head, Tax and Regulatory Reporting with all reporting requirements to the Zambia Revenue Authority (ZRA), Bank of Zambia (BOZ) and other regulatory bodies.
Prepare tax computations across all tax types and payment schedules for the Bank and its subsidiaries to ensure relevant compliance with regulations and laws. Ensure timely submission of tax returns and payments to the ZRA.
Assist in the preparation or review of prudential returns and ensure timely submission to the Bank of Zambia and SARB
Build good and cordial relationships with regulators.
Keep abreast of and analyse regulatory and legislative developments, in order to deliver expert advice to relevant stakeholders, especially business units and management.
Follow all standard operating procedures and Group reporting frameworks to ensure compliance across the business.
Maintain up-to-date tax reporting software platform for Group reporting on monthly basis.
Maintain proper records and filing of all tax returns and payments for compliance with tax law and ensure effective reporting of all material tax and regulatory risks per the Bank's risk control framework.
Carry out all General Ledger suspense account reconciliations related to various taxes and regulatory aspects.
Perform all regulatory reporting services to ensure compliance to all regulatory submission due dates of the Central Bank returns/reports, analysing and providing the related commentary on movements requested by BOZ.
Prepare monthly Tax Information Pack (Tax FIP) and submit timely to Group after Line Manager review.
Perform tax accounting functions including preparing tax related journals and reconciling ZRA tax accounts with internal records.
Proactively identify and address gaps in controls, processes and procedures as well as advise on and monitor remediation plans to address any shortcomings.
Provide appropriate management information from a tax and regulatory reporting compliance perspective.
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