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The eligible candidates are encouraged to apply for the position of Senior Manager-Finance and Tax at Standard Chartered Bank.
The Role Responsibilities
Tax Related
- Ensure Tax compliance in all aspects with prevailing tax statutes.
- Be the single point of contact for tax matters and assume responsibility to track tax compliance in all aspects.
- Ensure all tax payments are calculated accurately and paid on time.
- Review tax related GL accounts maintained by Operations Units, on a periodic basis, to ensure the accounting procedures have been properly followed.
- Assist the FC/Head of Finance by liaising with tax authorities, tax consultants and auditors on tax matters.
- Providing tax advisory to business in consultation with expert opinion.
- Provide updates to Group and local management on new legislation, tax issues, litigation matters and non-compliances.
- Arrange training for Bank staff on tax matters, as and when required.
- Preparation of the quarterly TRR (Tax Risk Report) submission.
- Maintaining of all tax trackers, correspondence with Revenue Authorities, ensure secure custody of tax returns and all submissions, as well as follow-ups with Group/Regional Tax chains.
- Liaison point for the Customer Tax Information Reporting (CTIR) oversight role performed by Finance in relation to FATCA, CRS, etc.
Financial Accounting
- Ensure the integrity of accounts used for recording of all tax transactions.
- Ensure all tax payments and accruals are accurately accounted for, to reflect a true and fair view in the financial statements.
- Ensure deferred tax positions are accurately ascertained and accounted for on a timely basis.
- Oversight over the accounting process, annual audit and tax compliance of the two Pension Funds, Provident Fund and the any Residual Balance Sheets.
- Contribute to the Bank's annual statutory audit.
- Contribute to the IFRS pack compilation.
- Co-ordinate with the Bank's actuary to finalise actuarial valuations.
- Be able to contribute to technical accounting discussions, perform deep dive reviews
Financial Control
- Perform Control Sampling Testing and follow up on exceptions to regularise.
- Review GL reconciliations and follow up on exceptions to regularise.
Balance Sheet Management:
- Contribute to the ALCO and Balance Sheet Management process
- Contribute to the Bank's annual ICAAP process.
Others:
- Provide effective back up to other team members, as required.
- Assist FC/Head of Finance with any other special projects assigned from time to time.
Our Ideal Candidate
- Associate member/Passed finalist of CIMA/ACCA/ICASL.
- At least 07 years of working experience in an audit firm or in the Finance function of a Bank or Financial Services sector organisation.
- A good working understanding of local tax statutes/directives would be an advantage.
- A good knowledge of IFRSs/SLFRSs.
- Very conversant with MS Excel, Word and Power Point applications.
- Strong verbal and written communication skills
Apply now to join the Bank for those with big career ambitions.
(We wish to restate that all CV's for this employment opportunity can only be routed via the Standard Chartered Bank website. Please don't apply this job through Careerfirst.lk website.)
Closing Date- 01/03/2020
Apply- Apply via LinkedIn
