Summary
Date Posted: Monday, November 11 2024, Base Salary: Not Disclosed

JOB DETAILS:
Company Description
Standard Bank Group is a leading Africa-focused financial services group, and an innovative player on the global stage, that offers a variety of career-enhancing opportunities – plus the chance to work alongside some of the sector’s most talented, motivated professionals. Our clients range from individuals, to businesses of all sizes, high net worth families and large multinational corporates and institutions. We’re passionate about creating growth in Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.

Job Description
We are seeking a detail-oriented and analytical Tax Officer to join our team in Dar es Salaam, Tanzania. As a Tax Officer, you will play a crucial role in ensuring our organization’s compliance with local and international tax regulations while optimizing our tax position.
• Prepare and file accurate and timely tax returns for the bank to the Tanzania Revenue Authorities (TRA). This includes monthly PAYE/ SDL certificate, VAT return, excise duty return, quarterly corporate tax returns, half yearly returns, and as may deem relevant..
• Conduct thorough research on tax laws and provide guidance on tax-related matters to management and other departments
• Analyze financial data and identify opportunities for tax savings and process improvements
• Manage tax audits and respond to inquiries from tax authorities
• Develop and maintain effective relationships with government tax officials and external tax advisors
• Stay up-to-date with changes in tax legislation and assess their impact on the organization
• Collaborate with the finance team to ensure accurate recording of tax-related transactions
• Prepare monthly, quarterly, and annual tax reports for management review.
• Month end full involvement on tax entries including sweeping and clean-up of accounts.
• Preparation of quarterly service levy taxes and returns.
• Assist in the development and implementation of tax strategies to minimize tax liabilities
• Ensure compliance with transfer pricing regulations and documentation requirements
• Tax accounts reconciliation and reconciliation of other accounts as relevant and assigned.

Qualifications
• Bachelor’s degree in Accounting, Finance, or a related field
• Minimum of 3-5 years of experience in tax accounting or a related role
• In-depth knowledge of Tanzanian tax laws, regulations, and filing requirements
• Proficiency in tax preparation software and Microsoft Office Suite, especially Excel
• Strong analytical and problem-solving skills with attention to detail
• Excellent organizational and time management abilities
• Effective communication skills, both written and verbal
• Ability to work independently and as part of a team in a fast-paced environment
• Professional tax certification (e.g., CPA, ACCA) preferred
• Understanding of international tax principles and their application to cross-border transactions
• Familiarity with data management and financial analysis techniques
• Demonstrated ability to meet deadlines and handle multiple projects simultaneously
• Knowledge of transfer pricing concepts and documentation requirements is a plus

Additional Information

Behavioral Competencies:
• Challenging Ideas
• Checking Details
• Developing Expertise
• Documenting Facts
• Embracing Change
• Following Procedures
• Interacting with People
• Inviting Feedback
• Meeting Timescales
• Team Working
• Thinking Positively
• Upholding Standards

Technical Competencies:
• Banking Process & Procedures
• Financial Accounting
• Financial Acumen
• Financial Analysis
• Financial and Accounting Control
• Interpreting Financial Statements
• Product Knowledge (Consumer Banking)
• Tax Management

Work Hours: 8

Experience in Months: 36

Level of Education: Bachelor Degree

Job application procedure
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