Equity Bank is one of the region’s leading banks whose purpose is to transform the lives and livelihoods of the people of Africa socially and economically by availing them modern and inclusive financial services that maximise their opportunities. With a strong footprint in Kenya, Uganda, Tanzania, Rwanda, South Sudan and DRC Congo, Equity Bank is now home to over 12 million customers – the largest customer base in Africa. Currently the Bank is seeking additional talent to serve in the role outlined below within Finance Department.
Tax Assistant Manager
- Job TypeFull Time
- QualificationBA/BSc/HND
- Experience4 – 6 years
- Location Nairobi
- Job Field Finance / Accounting / Audit
Responsibilities
- Review, prepare, and file income tax, VAT, and Excise tax returns or review the tax returns before filing
- Coordinate financial reporting; prepare monthly analysis and financial reports; assist in the preparation of monthly reporting requirements to corporate office.
- Support the head of tax on tax related research and analysis
- Review reconciliations of tax GLs, Withholding income tax (Resident and Non Resident) Withholding VAT (resident and Non Resident) Deffered Tax, Prepaid Instalment Tax, Stamp Duty, Interest on Deposits, Withholding Dividends (Resident and non-Resident), Output VAT and Excise Duty.
- Review journals to streamline the tax GLs
- Review and ensure correct and timely payment of the monthly taxes (Withholding tax, excise duty, VAT)
- Identify tax reduction opportunities.
- Ensure accurate and timely payment of instalment taxes
- Confirm the expenses for allowable and non-allowable expenses
- Confirmation of additions or disposal of assets from the subsidiaries FAMS and correct classification for capital allowances as per tax law.
- Accurate and timely preparation and review of the deferred tax rate
- Compute the annual effective tax rate
- Review of contracts for financial and tax compliance considerations
- Maintaining a tax tracker on all tax issues arising and make follow ups and ensure they are conclusively resolved.
- Follow up with the respective departments to ensure on follow up of issues raised by the revenue authority
- Input and harmonisation of the defense on the issues raised by the revenue authority as presented by the consultants and the respective departments
- Identify tax risks and cost impacts
- Manage the workload of the tax group, including month-end closing
- Provide ad hoc tax data and reports as required by various internal departments.
- Lead/participate on a variety of teams in order to complete special projects
- Interact and coordinate requirements and activities with government and external auditors
- Provide training guidance, development, and problem solving to tax group
- Prepare reconciliation of tax accounts and maintain supporting documentation
- Maintain current and deferred tax schedules, return to provision reconciliations
- Assist with research of issues and monitor change in tax law
- Manage external Audits for both KRA and financial statements Audits
- Ensure adherence to KRA Tax Regulations and requirements
- Meet all other requirements as assigned
Requirements:
Education
- Bachelor’s Degree or equivalent in Accounting, Finance, Economics or Law
- CPA K or ACCA finalist
Related Experience
- 4 – 6 years of job related experience
Skills / Knowledge
- Proficient in MSWord, MS Excel, MS PowerPoint
- Ability to work effectively in a collaborative work environment
- Demonstrates sound organizational and prioritization skills; high performance levels under tight deadlines
- High degree of initiative, personal responsibility and integrity
- Conversant in dealing with all Kenyan Taxes
- Thorough knowledge of Taxation Laws and of Tax processing systems
- Thorough knowledge of the Itax KRA portal
- In-depth knowledge of PAYE, VAT, Income Tax Acts, Customs and Excise Tax
IT Risk Analyst
- Job TypeFull Time
- QualificationBA/BSc/HND
- Location Nairobi
- Job Field Banking ICT / Computer
In line with enhancing career progression of staff and to support business growth, we seek to recruit qualified, experienced, self-driven, highly motivated and passionate candidate to fill the position outlined below within the Risk Banking unit.
The Information Technology (IT) Risk Analyst will support the risk identification and management process across all aspects of Information Technology for the business. Responsibilities include conducting IT risk assessments on various bank initiatives assessing the current adequacy of the security controls, business continuity/disaster recovery plans, threats to the systems and calculating the impact of potential adverse events. The Analyst will keep the head of IT Risk department up to date on the results of the risk assessment and make recommendations for mitigations, or projects, to protect systems or cover potential losses.
- Proactively enforce IT Risk Policy in ensuring compliance to standards and controls designed to mitigate identified risks.
- Timely Execution of the allocated information risk management program components
- Maintaining and updating IT risk register including follow-up on closure of identified IT risk gaps until satisfactory closure of issues
- Conducting threat and vulnerability analysis of various bank assets and programs as per the banks threat modeling program with management actions for IT risk management.
- Participate in Development and review of IT policies and procedures in compliance to regulatory requirements.
- Be aware of the application, product and system development within the business and appraise the effect and appropriateness of planned changes to the existing control framework
- Provide monthly/ Ad hoc reports to the Head of IT risk on the status of IT Risk Management Programs and Initiatives.
- Conduct self-assessments, gap assessments, risk acceptance and other control related efforts with the business, controls and compliance functions
- Stay knowledgeable of current advances in all areas of Information Technology concerning vulnerabilities, security breaches or malicious attack
Requirement
- 2-3 three years’ experience in Banking Operations and or Information Technology
- Experience in performing analytical roles in complex business environments
- Must have a Bachelor’s degree in either Information Technology, Mathematics, Computer Science, Actuarial Science or a related field
- Certified Information Systems Auditor certification (CISA) OR Certified information security manager (CISM) OR CISSP
- Understanding of quality control process
Desired Skills and Ability
- Ability to produce clear and concise reports to Senior Management
- Plan, organize and prioritize own work schedule in conjunction with colleagues and under the direction of head of IT risk
- Ability to deal with sensitive issues in a confidential manner
- Excellent inter-personal skills
- Self-motivated, intuitive, innovative and creative
- A good organizer who can prioritize and adapt to meet varied deadlines. Must easily adapt within a pressurized changing environment
- Energetic and positive disposition to motivate self and others at all levels
- Articulate and analytical
- Communication – verbal and written
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