Stanbic IBTC Bank Nigeria: Assistant Manager, Taxation

Posted on :

27 Jul, 2010

Category :

Banking Jobs in Nigeria

Stanbic IBTC Bank PLC through its wholly owned stock broking and asset management subsidiary, IBTC Asset Management Limited has several excellent mutual funds including the IBTC Nigerian Equity Fund, which is Nigeria’s largest mutual fund with a net asset value in excess of N25 billion (as at December 2007). Stanbic IBTC Bank Nigeria recruits Assistant Manager, Taxation

Job Purpose
To manage the tax affairs of Stanbic IBTC Bank Plc. Manage the bank’s compliance with tax laws, and implementing processes to mitigate identified risk. Ensure effective communication of tax laws and guidelines within the bank.

Identification and evaluation of taxation risks & areas of tax savings within the bank.
Monitor compliance with tax law in and all tax aspects including transfer pricing, withholding taxes, indirect taxes e.g. VAT, PAYE and tax planning
Implementation of systems and processes to mitigate identified taxation risks through communication and tax training where appropriate
Review country taxation computations to ensure completeness and accuracy
Existing and new product evaluation to determine taxation impact and advise accordingly eg review of Double Tax Agreements with the aim of effectively using them on cross-border transactions
Direct and support the in-country finance team in creating partnership with Group Tax
Prepare monthly and quarterly tax reports
Provide tax input for the group (Tax FIP, Tax FIP Split-CIB/PBB, Tax Dashboard, etc)

Ancillary responsibilities:
Maintain a tax dashboard that shows exposures to various forms of tax liabilities within the bank.
Attend to Tax audit of the bank, and its branches, and ensuring that audit issues are attended to timeously.
Review and evaluate the accounting treatment of transactions by business units against associated tax implications for purpose of advising on best practices.
Back up for local regulatory reporting function.
Partake in new and existing product evaluation to determine taxation impact.
Implementation of systems and processes to mitigate identified taxation risks.
Rendition of annual company income tax, Tax acceptance certificate, Staff Tax clearance.

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This Position is to be based in Lagos Nigeria