Le Poste
Under the direct supervision of the DOA, the Manager Tax and
Transfer Pricing is responsible for executing all taxation and transfer pricing
activities with the FinCo. The role implements tax strategies, creates and
submits tax computations for review and builds capability in using the tax
reporting cloud system. The role also executes all transfer pricing activities,
ensuring that all group mandates and regulatory guidelines are duly complied
with while undertaking the company’s internal or external transfer pricing
activities.
The Manager Tax and Transfer Pricing will be accountable to
achieve the following objectives:
Strategy Development and Implementation
- Abide by the strategy cascaded by functional lead and
assist in the creation of the sub-functional strategy
- Ensure effective implementation of the functional
strategy.
- Assist in review of the sub-functional strategy and
roadmap, to ensure its alignment with the changing dynamics of the internal and
external ecosystem.
Governance
- Participate in strategic meetings.
- Support function wide transformation initiatives. Elicit
inputs from relevant parties, when required.
- Implement adequate risk mitigation and controls, with
directions from the CFO.
- Perform evaluation baseline of Service Level Agreements
(SLAs) and KPIs.
- Manage approval process from CFO on new initiatives.
- Work with approved budget for internal projects, under
direction from the CFO.
- Facilitate preparation of proposal on change initiatives
SLA, policies, and procedures.
Escalations
- Escalate issues that will result in severe time, scope,
productivity, and cost or resource impact to CFO.
- Manage and provide solutions to escalations that have
multiple processes / functions impact on critical path of service delivery,
keeping CFO apprised of the same.
Function Tactical
- Provide inputs, when required, and execute all projects
initiated in the function.
- Assist in establishing objectives, targets and budgets for
the function.
- Identify and document key risks, issues and dependencies
and set mitigation actions, with guidance from the CFO.
- Prepare documentation for sign-off / making decisions regarding tactical changes; apprise CFO of changes made without approval.
Performance
- Monitor performance and alignment with divisional
strategy.
- SLA approval and exception performance review.
Reporting
- Report on a daily basis to the CFO relating to progress
made within the function and in accordance with the measurement metrics set by
the organization.
- Report on an ad hoc basis on specific projects, as
required.
Budgets
- Assist in managing function’s budgets in line with
business objectives, when required.
- Assist in managing project initiative budgets in line with
business objectives, when required.
Operational Delivery
- The role is accountable for the following work area
outcomes:
Strategy & Analytics, Budgeting, Data and Reporting
- Implement and execute policies, procedures and guidelines
cascaded by the functional lead
- Comply with the set governance mechanisms, under guidance
from the functional lead
- Cascade the Group Fintech budget, analytics and reporting
framework in the sub-function, under direction from the Head of Finance
- Evaluate the efficiency and effectiveness of Tax and
Transfer Pricing strategies and propose and offer suggestions for improvements
Tax Operations
- Implement tax and transfer pricing strategies as mandated
by group.
- Manage tax operations and administration activities,
including but not limited to, tax filing, remittances, refunds and submissions
as per government regulations/authority guidance.
- Compliance to periodic submissions and filings as
predicated by the respective Government authorities and – regulators.
- Undertake computation of all taxes and submit to higher
management for review. Respond to queries and where issues identified, correct
them in due time.
- Timely and accurately file tax returns.
- Support taxation related audit, produce data and documents
as required by the auditing authorities.
- Build capability to use Tax Reporting Cloud Systems and
make use of the same for all tax related work.
- Handle all tax assessments and obtain refunds, wherever
due.
- Manage and report on Income & Deferred Tax
computations (including review of expense analysis) and effective Tax Rate
recons and VAT Returns.
- Review and file all VAT returns.
- Review and post all Tax related journal entries on a
monthly basis.
- Ensure all Tax related accounts are reconciled on a
monthly basis.
- Prepare and facilitate sign off on Tax related accounts
reconciliations.
- Prepare Tax computations for Interim, Year-end, Budgets
and Forecasts reporting.
- Prepare supporting schedules required for completion of
VAT returns, annual and provisional tax returns, and monthly tax computations.
- Review of audit files together with all tax supporting
schedules for auditors to ensure audit completion within Group deadlines.
- Assist with the review of Annual Financial Statement
packs.
- Assist with the Business Planning and Budgeting processes
where required.
- Assist with review of GL journals and GL accounts reconciliations
where required.
- Where required, escalate unsolvable issues to Head of
Finance in a timeous manner.
- Execute all transfer pricing activities between OpCos and
ensure all related disputes are timely resolved.
- Review the resultant profitability of FinCo to ensure
results reflect an arm’s length profile and make suggestions for improvements
where required.
- Prepare and execute intercompany agreements in line with
group mandates, as and when required.
- Prepare and share responses for queries raised by tax
authorities.
- Other tasks and duties, as assigned.
Transfer Pricing Operations
- Responsible to manage transfer pricing for the FinCo in
line with Group DigiFin Finance guidelines.
- Align with the approved chargeback model and liaise with
Legal teams to update intercompany agreements with new services and any changes
to Group guidelines.
- Support Group DigiFin Finance teams in any transfer
pricing reviews and documentation.
- Manage the calculation of intercompany service charges for
budgets, forecasts and year-end actuals.
- Provide transfer pricing reconciliations and data to Group
DigiFin Finance teams where required.