Manager, Financial Accounting & Tax – Standard Bank of Botswana

Group Finance: budgeting and forecasting, creating interim and annual financial statements, facilitating internal mergers and acquisitions, as well as dealing with analysts and investors.

Job Purpose

 

Tax
•           Ensure overall regulatory compliance per BURS, Income Tax and VAT requirements.
•           To ensure the overall integrity and accuracy of Tax accounting and reporting
•           To support the Bank Business units on all Tax matters relating to the operations of the Bank.
•           Relationship management with BURS on Bank’s behalf.
•           Preparation and submission of all Tax returns to BURS.

Financial Control
•           To ensure the overall integrity and accuracy of the General Ledger as a basis for the preparation of Financial Reporting
•           To support the Head of Finance on all matters relating to the operation of the Finance department that includes, financial reporting, accounts payable, accounts receivable, reconciliations and overall financial discipline.
•           Custodian of the General Ledger, Chart of Accounts, and the central repository for all financial, technical and regulatory reporting information for the Bank.

 

Key Responsibilities/Accountabilities

Take effective management and resolution of customers and business partners’ request

• Attend to staff finacle requests within one working day
• Investigate and process all customer requests within 24 hours after appropriate authorisation
•  Process all new account opening and closure requests within two weeks

Process intercompany and non-intercompany transactions and Perform daily and monthly reconciliations on agreed GLs

• Prepare recons up to date as agreed within stated time frames
• Differences fully explained
• Unreconciled differences followed up & cleared within 30 days
• Regular updates to superiors around problem areas and progress on weekly basis.
• Ensure environment of no surprises.
• Reconcile and adjust all Intercompany and subordinated debt account balances in SAP during Month end

Contribute to the maintenance of agreed statutory payment processes

• Ensure the bank and its subsidiaries process and file tax returns within stipulated timelines
• Ensure withholding taxes, VAT on imported goods and services, PAYE, Corporate taxes and SSNIT, Tier 2 and Tier 3 contributions are paid within the correct timelines.
• Assist in all tax audits initiated by the GRA and External Auditors and tax health checks by tax consultants.

Preferred Qualification and Experience

Qualifications
Bachelors Degree in accounting, and ACCA or CIMA or BA Finance, ACCA or CIMA
BICA Membership

Experience
3 to 4 years of auditing experience
3 to 4 years of management/supervisory experience in a financial institution

Knowledge/Technical Skills/Expertise

 

• Knowledge of SAP, Finacle and its related systems
• Knowledge of International Financial Reporting Standards
• Able to design control measures and checks in accounting and financial processing activities to mitigate risks of errors, omissions and fraud
• Ability to prepare statutory or official financial statements in line with internationally accepted accounting practices and local regulatory requirements
• Ability to interpret tax laws and apply to the financial situation for the business as well as to create tax-efficient structures and business deals.
• Knowledge of financial accounting principles, classifying, measuring and recording transactions using the financial systems of the Bank
• Skills and knowledge to advise managers and decision-makers on financial processes, control measures, budgets and financial performance
• Understanding of the application of IFRS and Generally accepted practice guidelines for financial accounting