Assistant Manager- Tax and Payables at Jubilee Insurance

About the Role

A dynamic team is expanding and looking for the right talent to join as Assistant Manager for Tax and Payables.

Tax Compliance and Reporting

• Ensure timely and accurate preparation, filing, and payment of all statutory taxes including corporate tax, VAT, PAYE, withholding tax, excise duty, and other levies
• Oversee tax compliance for both insurance and pension business segments, ensuring correct treatment of exempt and taxable pension schemes
• Review and validate withholding tax deductions and remittances for supplier, intermediary, and professional payments
• Ensure accurate tax computations and reconciliations for investment income including interest, dividends, rent, and capital gains
• Maintain up-to-date tax schedules, ledgers, and supporting documentation

Tax Planning and Advisory

• Advise management on tax implications of insurance, pension, and investment transactions
• Evaluate investment structures and asset allocations for tax efficiency in compliance with applicable tax laws
• Review the tax implications of new insurance and pension products and fund structures
• Monitor tax legislation changes and provide proactive advice on their potential impact to the business and pension funds

Tax Risk Management and Audit Support

• Maintain comprehensive documentation to support tax positions for corporate, pension, and investment activities
• Coordinate and manage responses to KRA and RBA tax audits, queries, and reviews
• Identify potential tax exposures and recommend effective mitigation strategies
• Support internal and external audits by providing tax-related schedules and reconciliations

Accounts Payables Management

• Oversee end-to-end accounts payable operations, ensuring timely and accurate processing of supplier, agent, and service provider invoices
• Ensure adherence to company payment policies, approval hierarchies, and internal controls
• Review and validate supplier documentation for tax compliance including VAT, e-TIMs, and withholding requirements