The Tax & Treasury Manager role is a senior position responsible for driving tax compliance, planning, treasury management, and risk mitigation across all relevant financial areas of the business. This role involves comprehensive oversight of tax obligations, maintaining financial liquidity, managing risk exposure, and acting as a crucial link between the business and key external stakeholders like tax authorities, banks, and external auditors.
Main Accountabilities
Tax Compliance & Planning
- Drive the tax compliance and planning agenda for all tax heads (Income Tax, Withholding Taxes, VAT, Excise duty, Payroll & Customs) affecting the business and review tax returns for each tax obligation.
- Provide advice on Company specific transactions, including reviewing customers’ and suppliers’ contracts.
- Highlight tax exposure areas and ensure businesses take advantage of existing double tax treaties when contracting.
- Supervise the duty remission program to ensure the business obtains optimal tax benefits from the scheme.
Tax Reporting
- Prepare the Companies’ current tax and deferred tax calculations and analyze the effective tax rate (ETR).
- Liaise with external tax auditors in the preparation of end-of-year statutory financial statements.
Tax Policy
- Provide leadership in tax risk mitigation plans.
- Proactively advise the business on new legislation that may lead to tax exposure in the markets where the businesses operate.
- Ensure all changes in tax laws affecting the business are implemented in a timely manner.
Transfer Pricing
- Monitor key related-party transactions that may lead to transfer pricing risks.
- Work closely with tax consultants to develop robust transfer pricing policies, perform periodic reviews, and align them with local income tax laws and OECD (Organization for Economic and Cooperation Development) guidelines.
Tax Audits & Assessments
- Provide support for external audits, internal compliance checks, and participate in monthly, quarterly, and yearly compliance audits and health checks.
- Work in collaboration with tax consultants in handling audit queries raised by the revenue authority and implement agreed-upon decisions.
- Resolve any tax assessments with the tax authority and develop mitigation measures to avoid future tax exposures.
Tax & Treasury Liaison
- Act as the link between the business and key stakeholders like external tax consultants, external auditors, tax authorities, lobby groups, and banks on business matters.
Treasury Management
- Ensure all banking and cash operations are within the company policies.
- Ensure the Company maintains adequate funds to meet financial obligations as and when they fall due through effective cash-flow management.
Exchange Risk Management
- In liaison with banks, adopt an optimal hedging strategy against exchange risk exposure.
Credit Risk Management
- Closely monitor and supervise credit control operations by ensuring that customers trade within their credit terms and adopt strategies to mitigate credit exposure.
Insurance
- Ensure all Company assets are adequately insured against all potential risks and perils.
Requirements
The ideal candidate should meet the following requirements:
- University degree in a relevant field (BA/BSc/HND).
- Professional accounting qualification (CPA-K/ACCA).
- Familiarity with FMCG organisation financial and operating policies.
- Proven ability to interact with other senior local & Corporate/Regional Management.
- Good communication and leadership skills.
- Experience in working in an ERP/Oracle environment.
- Minimum 10 years’ experience in Accounting or Finance, 5 years’ of which should be in a Tax and Treasury, or similar role.
