Executive Head of Department:Tax

Role purpose:

To ensure maximum Tax compliance is adhered to for all key company processes and procedures. The role may influence the tax strategy to drive the optimization of company’s tax position, including minimizing tax liability, tax reporting and ensuring compliance with all statutory positions. In addition, will focus upon the management of a team of tax professionals who establish close working relationships with stakeholders across the business, advising on tax risks and opportunities and providing expert recommendations.

Key accountabilities and decision ownership:

• Ensure the review of tax exposure points on an ongoing basis to ensure the company is not exposed to penalties for non-compliance or misinterpretation of legislation.
• Establish and uphold professional relationship with the Ministry of Revenue, ensuring open communication and productive working rapport.
• Organize an annual tax compliance health check of all The Company taxes to be overseen by independent tax consultants.
• Ensure that adequate preparations are made for the annual statutory audit & other tax audits.
• With the relevant stakeholders, i.e. KRA and PWC proactively take measures to ensure that new legislation has a minimal impact on the Company and where possible on the Company trading partners through structured lobbying efforts.
• Ensure implementation and maintenance of Transfer Pricing policies, structuring and compliance at all times.
• Take active role in resolving telecommunication industry tax matters.
• Identify tax incentives highlighted in the tax legislation and ensure that the company takes advantage through efficient processes.
• Tax returns – ensure that returns are prepared and submitted to KRA in accordance with the following timetable.
• The Company VAT returns – 20th
• Excise duty – 20th
• Withholding tax – 20th
• Installment tax – quarterly, 20th of the last month in the quarter
• Secondee tax returns – 9th of every month
• Tax planning and forecasting reports to be prepared quarterly and availed by 15th of the first month in the quarter. ·      
• To liaise closely with the forecasting section to provide the best estimate tax figures for senior management and cashflow usage
• Annual tax computation – ensure tax computation for the purposes of final audited accounts are prepared on time. Ensure that input from external tax consultants is kept at a minimal.
• Prepare monthly/annual tax schedules for financial reporting and cashflow purposes.
• In line with the company cost saving strategy, co-ordinate the Inter-departmental tax group savings and review areas that would result in savings for the company. ·          

• Review contracts, products and promotions to ensure no tax exposure.
• Filing of annual returns and managing Group entities tax affairs.
• Manage the objective setting & PDR Review Processes.
• Manage and grow Talent within the section
• Facilitate staff satisfaction survey within the section.
• Motivate, discipline and recommend reward of staff.
• Use judgment in data analysis to develop and design solutions for complex tax (indirect and direct) processes including automation of these processes.
• Design strategies to structure taxation process to be followed.
• Filing of annual returns and managing Group entities tax affairs.
• Manage the objective setting & PDR Review Processes
• Manage and grow Talent within the section

• • Facilitate staff satisfaction survey within the section.
  • Motivate, discipline and recommend reward of staff.
  • Use judgment in data analysis to develop and design solutions for complex tax (indirect and direct) processes including automation of these processes.
  • Design strategies to structure taxation process to be followed.

Core competencies, knowledge and experience:

Business Competencies

Working with Others

·       Consciously takes steps to make the most of every conversation/interaction.

·       Identifies people’s needs, interests and motives to be able to influence the decisions they make.

·       Communicates simply to excite and engage people.

·       Pro-actively adapts own style and approach to build rapport, and work with others more effectively.

·       Builds and maintains strong relationships and networks.

Operational Excellence

·       Targets effort and resources on high-value, high impact activity.  

·       Focuses on achieving maximum performance and driving continuous improvement.

·       Thinks about processes and problems cross-functionally and end-to-end.

·       Uses knowledge of products, technology, process, systems and policy to solve problems.

Creativity and Innovation

·       Finds creative ways to exploit opportunities and solve problems.

·       Takes calculated and considered risks and pushes what is possible.

·       Experiments with innovative approaches.

Business Know how

·       Uses data and research to make decisions that are competitively and financially robust.

·       Balances current and future needs.

·       Thinks and acts like an owner of the business. 

·       Acts in line with legal, regulatory, professional and ethical standards.

Working with Change

·       Responds flexibly to changing situations.

·       Manages the business and people aspects of change to drive performance

Project and Programme Management

·       Defines scope and deliverables in terms of time, cost, quality and business benefit. 

·       Schedules activity and identifies resource needs, dependencies and synergies.  

·       Evaluates progress, mitigates risks and addresses issues.

Functional Competencies:

Planning and Control

·       Analyses performance trends to determine the health of the business.

·       Steers business performance by using strategy and external data to help set goals. 

·       Translates strategies into actionable plans that add value via process and operational improvements.

·       Maintains controls within Financial Systems through setup control and master data management.

Accounting

·       Prepares, analyses and summarizes financial data to support business operations and delivery statutory information.

·       Ensures the integrity of processes and systems to record and authorize transactions in compliance with the Company accounting policies and regulation.

Reporting

·       Delivers timely and accurate reports to satisfy statutory and business requirements. 

·       Identifies key performance and variances and provides recommendations.

Treasury

·       Develops and advises on funding strategies for the business.

Tax

·       Applies appropriate treasury processes to maintain financial liquidity.

·       Delivers filings/reports to satisfy statutory and business requirements. Combines expertise and commercial awareness to deliver value added solutions.

Education & Experience:

• • A BCom Degree/ or any appropriate business-related degree
  • CPA (K) qualified
  • 8 years’ experience with 4 years’ post qualification experience in finance with specialization in Taxation.
  • Experience in Tax authority audits and internal and external Financial Audits.
  • Experience in staff supervision ensuring quality of work produced

 How To Apply
If you feel that you are up to the challenge and possess the necessary qualification and experience, kindly proceed to update your candidate profile on the career portal and then Click on the apply button. Remember to attach your resume.

The closing date for receiving applications is 13 January 2025, 5:30 pm.