Job Title: Financial
Accountant
Hiring Organization: DIB
Bank
Location – Locality: Nairobi
Location – Region: Kenya
Industry: Banking
and Finance
Job Type: Full
Time
Salary: KES
Competitive
Date Posted: 10/26/2023
The
incumbent will be responsible for managing and executing the bank’s tax
reporting processes. Your role will involve ensuring accurate and timely tax
reporting, compliance with tax laws, and minimizing tax-related risks. The
ideal candidate is detail-oriented, well-versed in tax regulations, and capable
of managing complex financial data.
Key Responsibilities
Review
all tax schedules and tax returns for submission to Tax Authorities.
Maintain
the required tax regulations, coordinate preparation and review of all tax
returns within the Bank’s guidelines.
Preparation
of monthly, semi-annual, and annual corporate and deferred tax computations for
the Bank.
Tax
health checks for outstations and subsidiaries to ensure tax compliance with
the Tax authorities, regulatory bodies in the banking industry.
Supporting
with matters relating to tax administration and compliance including daily
monitoring of transactions, review for accuracy and completeness of tax
deducted and timely remittance of tax.
Reconciliation
of Tax accounts and analysis of tax risks for necessary provisions to be made.
Identify,
lodge, and follow up tax refund claims with tax authorities and fast track the
refunds to improve the Company cash flows.
Identify
and lobby for tax law amendments and exemptions with the various Jurisdictions
to reduce the cost for the Bank.
Monitor
markets and pre-empt risks for both the Bank and the client with timely
identification of potential problem accounts and formulating appropriate risk
mitigating strategies.
Ensure
the Bank’s iTax ledger is clean through proactive follow up with the regulator
on any legacy transactions outstanding.
Ensure
iTax ledger is updated with all transactions.
Confirm
the accuracy of records and documents related to tax reporting and preparation.
Conduct
research on tax compliance issues at the local and national levels and advise
management.
Any other
duties as may be assigned by the line manager from time to time.
Job
Specification
Minimum
bachelor’s degree preferably in accounting, finance, or business administration
from a recognized institution.
Fully
qualified Certified Public or Chartered Accountant or similar qualification.
Minimum
of 4 years of experience with proven track record as a tax specialist or
analyst.
Extensive
knowledge of accounting methods, tax laws, and audits.
Excellent
analytical and problem-solving skills.
Proficiency
with relevant accounting software.
Good
knowledge of sharia compliant banking operational processes will be an added
advantage.
How to
Apply:
Please
send your CV and cover letter to careers@dibkenya.co.ke by COB, 30th October 2023,
Quoting The role title as the Subject of the email application. Canvassing will
lead to automatic disqualification. Interviews will happen on a rolling basis.
