Head of Tax Uganda

Old Mutual is a firm believer in the African opportunity, and our diverse talent reflects this.

Job Description

Key focal point for the Uganda entities’ tax matters and across all tax obligations to provide an enabling and favorable tax environment and tax understanding in the business. Liaison with all internal and external stakeholders such as URA, Government, consulting firms, and government agencies in all matters tax.

• Overall tax compliance across all relevant tax areas.
• Tax management to ensure nil exposure, effective tax rate management, and tax planning to ensure operational, administrative, and cash flow efficiencies.

TAX COMPLIANCE

• Review of monthly and yearly tax returns of the entities once they fall due.
• Review of tax paid schedules to be used to settle the taxes payable for the period.
• Ensuring compliance with tax regulations and filing the returns by due dates to avoid penalties and interest charges for non-compliance.

TAX RECONCILIATIONS

• Review of reconciliation of tax ledger control accounts, balance sheet substantiation of tax-related accounts, and tax journals.

TAX REPORTING

• Review of information necessary for calculations of tax expense and necessary explanations to Group Tax Team from respective business lines and country perspective.
• 1st level review of Tax packs and computations prepared by Reporting Accountants and junior tax analysts to ensure accurate commentaries and explanations.
• Coordinate review responses for timely resolution of queries from EA Head of Tax and OMAR Tax Team.
• Review of tax notes prepared by Reporting Accountants to ensure accuracy of tax expense in financials with proper explanations and disclosures.
• Review of tax reports required for submission to E. Africa and OMAR Tax Function such as tax-paid schedules and compilation of tax returns repositories.

STAKEHOLDER MANAGEMENT

• Central coordination person between the revenue authority/tax advisors and Group Tax Team on tax matters in the respective entities.

TAX RISK AND ISSUES MANAGEMENT

• Managing and maintaining tax risk and issues tracker relating to the respective entities.
• Identification of root causes of tax issues and implementation of mitigation measures.
• Timely escalation of key tax risks and issues identified to the Head of Tax, CFOs, and OMAR Tax Teams.

TAX PLANNING AND PROCESS IMPROVEMENT

• Developing strategies to minimize tax liabilities while adhering to legal requirements.
• Management of effective tax rate.
• Manage tax refunds and mitigate risks of tax overpayments to revenue authorities.
• Champion implementation and review of standard tax operating procedures (SOPs) and continuously embed internal control improvements in businesses.
• Analyzing current tax processes and suggesting improvements to enhance efficiency and accuracy.
• Support with transfer pricing/SLA reviews and documentation.

IN-HOUSE CONSULTANCY

• Advising Finance Operations, compliance, reporting, and other business unit teams to ensure accurate application of tax law changes.
• Staying updated on changes in tax laws and regulations. Analyzing their impact on the organization and advising on necessary adjustments.
• Upskilling the business teams on tax matters.

SKILLS AND COMPETENCIES

• Advanced Tax Knowledge and Regulation Compliance
• Strategic Tax Planning and Risk Management
• Financial Analysis and Business Acumen
• Technology Proficiency and Data Analytics
• Leadership and Team Development
• Effective Communication and Stakeholder Engagement
• Adaptability to Regulatory and Global Changes

KNOWLEDGE & EXPERIENCE

• At least seven years of experience in a tax advisory/accounting or law firm.

QUALIFICATIONS

• University degree in a business-related field or a bachelor’s degree in law (LLB) from a recognized university.
• A fully qualified and certified public accountant or ACCA qualification/Certified Tax Advisor/Advanced Diploma in International Taxation (ADIT) is an added advantage.

This role is responsible for interpreting the various RSA tax acts and assisting with the provision of advice and guidance to all business units on minimizing tax risks. The incumbent is individually accountable for achieving results through their efforts over periods of 3 months to a year. (Specialist).

RESPONSIBILITIES

Tax

• Manage the development and/or delivery of a significant element of the organization’s tax systems.

Data Collection and Analysis

• Use data from a wide range of sources to analyze key themes and identify possible impacts on the business.

Data Management

• Manage key aspects of the data management system.

Insights and Reporting

• Contribute to the design and creation of reporting strategies and templates.

Document Preparation

• Write and edit material for various target populations.

Financial Policies, Guidelines, and Protocols

• Create plans to review financial policies, ensuring compliance.

Information and Business Advice

• Provide specialist advice and resolve queries.

Financial Management and Control

• Work within established systems to deliver prescribed outcomes.

Operational Compliance

• Maintain and renew knowledge of policies and regulations.

Personal Capability Building

• Develop capabilities through training and accreditation.

Skills: Accountability, Analytical Thinking, Compliance Reviews, Data Analytics, and more.

Competencies: Business Insight, Communicates Effectively, Financial Acumen, and more.

Education:

• Advanced Certificate (AdvCert): Accounting for Chartered Accountants (Required)
• Bachelor’s Degree (B): Accounting, Business Administration, Law (Required)

Closing Date: 27 December 2024, 23:59

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