Manager, Tax (HN/ HCM)

Job purpose:

The Manager, Tax is responsible for overseeing and managing all aspects of tax operations, ensuring compliance with regulations, and providing strategic tax guidance to support the organization's financial objectives.

Major accountabilities

1. Tax Compliance and Reporting

• Lead the preparation and timely submission of complex tax declarations including PIT, VAT, WHT and CIT

• Ensure adherence to all regulatory requirements and deadlines

• Develop and implement strategies to optimize tax positions while maintaining compliance

2. Tax Audit and Risk Management

• Manage tax audits, liaise with tax authorities and external consultants

• Develop and execute strategies to minimize tax exposure and resolve disputes

• Provide expert guidance on complex tax issues to internal stakeholders

3. Regulatory Analysis and Implementation

• Analyze new tax regulations and assess potential impacts on the organization

• Develop implementation plans to ensure organizational compliance with new requirements

• Communicate regulatory changes and impacts to relevant internal parties

4. Invoice Reconciliation and Financial Control

• Oversee monthly/quarterly reconciliations of invoice issuance for premiums

• Identify and resolve any discrepancies within established timeframes

• Collaborate with PM/Accounting teams to address invoice issues and improve financial controls

5. Tax Advisory and Reporting

• Provide expert tax advice and guidance on complex issues to internal stakeholders and regional offices

• Prepare comprehensive tax reports and questionnaires for regional offices and regulatory bodies

• Contribute to the development of tax strategies aligned with business objectives

Specialized knowledge:

• Strong knowledge of tax laws, regulations, and compliance requirements relevant to the insurance industry

• In-depth understanding of corporate income tax, value-added tax (VAT), withholding tax, and personal income tax

• Strong knowledge of financial reporting standards and their tax implications

• Proficiency in tax accounting principles and practices

• Expertise in tax planning strategies and risk management

Problem solving:

• Analyze complex tax situations and make sound judgments based on limited information

• Develop innovative solutions for complex tax issues

• Balance competing priorities and manage multiple high-stakes projects simultaneously

Education and experience:

University degree with 4-7 years of experience in tax management or a similar role.

Professional tax certification (e.g. CPA, ACCA) strongly desired

Communication:

Communicates effectively with internal stakeholders at various levels, including finance teams, business unit leaders, and senior management.

Regularly interacts with external parties such as tax authorities, auditors, and consultants.

Communication involves explaining complex tax concepts, presenting findings and recommendations, and providing expert guidance on tax matters.

Frequency of communication is high, often daily or weekly, depending on ongoing projects and tax cycles.