Job Details
Location: Nairobi
Time Type: Full Time
Posted On: Posted Today
Job Requisition ID: JR-41777
Let’s Write Africa’s Story Together!
Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
Job Description
Tax leadership in Old Mutual, Faulu and UAP Group
This role includes oversight for territories such as Uganda, Tanzania, South Sudan, and Rwanda. The Tax Leader will be responsible for developing, documenting, and implementing tax planning strategies within the group. This includes preparing key documents on certain tax positions for board approval and adoption.
Responsibilities:
- Provide tax and related guidance to senior management on tax-related strategic issues beneficial to the group.
- Develop and implement a Group sharing model and Transfer pricing documentation for the group.
Key Responsibilities:
- Offering tax leadership on all tax matters in the combined group in Kenya and subsidiaries in Uganda, Tanzania, South Sudan, and Rwanda.
- Scanning long-term, short-term, banking, asset management, and investment businesses.
- Direct all tax compliance matters, including coordination, preparation, and review of all monthly, quarterly, and annual returns to ensure group compliance.
- Advise on the tax effects of business structure changes, mergers and acquisitions, and group transactions, providing tax planning recommendations accordingly.
- Advise on tax-efficient ways of structuring business contracts and new products within the group.
- Develop and maintain transfer pricing documentation for the group, liaising with revenue authorities and the head of transfer pricing for Old Mutual PLC to ensure adequacy and risk mitigation.
- Develop, document, present, and maintain a group cost-sharing model that allocates group costs appropriately and is located in the best tax-optimal entity.
- Work closely with the Chief Finance Officer (CFO) on key tax considerations in acquisitions/mergers to ensure all tax items and risks are appropriately considered and mitigated.
- Conduct and manage group tax health checks in all territories to minimize tax exposure and implement mitigation actions.
- Advise senior management and the board on changes in tax legislation, new developments such as double taxation treaties, and case laws affecting the Old Mutual group.
- Develop relationships with key stakeholders such as tax revenue authorities and capital market authorities to manage any group issues.
- Research the tax implications for the group’s expansion into new territories.
- Ensure good tax compliance status within the group, including subsidiaries.
- Oversee the development and review of monthly and annual tax provisions, maintaining all tax accounts including financial statement footnotes and analysis for internal and external stakeholders.
- Resolve revenue authority tax audit issues for any entity in the group.
- Work closely with the Old Mutual Africa Head of Tax on monthly, quarterly, and annual group tax reporting requirements.
- Successfully implement group share models and transfer pricing documentation within the group.
Skills & Education:
- Relevant educational qualifications and experience in tax leadership roles are required.
Closing Date: 10 July 2024
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About Us
Old Mutual
Old Mutual is a premium African financial services organization that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments in 14 countries. The lines of business include Life and Savings, Property and Casualty, Asset Management, and Banking and Lending.
We are rooted in our purpose of Championing Mutually Positive Futures Every Day and believe that a great customer experience is anchored in a great employee experience.