Principle Accountabilities
Tax Compliance
Prepare, review, and file all direct and indirect tax returns (corporate tax, VAT, excise, WHT).
Review PAYE filings and remittances monthly against taxable benefits general ledger accounts in the TB
Maintain accurate tax records, reconciliations, and documentation for KRA audits.
Manage tax payments and ensure alignment between tax accounting and financial reporting.
Monitor and communicate new tax legislation and regulatory changes to management.
Prepare monthly tax computations and reconciliations.
Proactively identify audit refund opportunities and follow up with KRA for refunds
Tax Planning & Optimization
Identify tax-saving opportunities across products, funding structures, and operations.
Partner with financial analysts, business and financial risk management unit on balance sheet optimization initiatives (e.g., funding, leasing, and capital instruments).
Work with HR, IT, Procurement, and Credit teams to ensure tax-efficient contract structuring and vendor engagements.
Evaluate tax impact of new products, digital channels, and system implementations.
Business Partnering
Participate in product development and contract review committees to ensure tax efficiency upfront.
Support GM Finance and Head of Financial Planning & Controls in embedding tax in cost and capital planning models.
Governance & Liaison
Support Group Senior Tax Manager on group-level initiatives and audits.
Liaise with KRA on bank-specific audits, queries, and compliance matters.
Ensure compliance with Group Tax Policy and contribute to continuous improvement of processes.
Reporting
Own tax numbers being reported on financial reports and ensure reconciliation with iTax ledgers where necessary.
Prepare monthly and quarterly EXCO and Board reports on tax compliance, risks, and opportunities.
Any other duty as assigned from time to time by the Finance and HFC leadership.
Key Competencies and Skills
Technical Competencies
Demonstrable experience in tax planning and structuring for banking products and financial instruments.
Experience in preparing and delivering reports for senior management forums like ExCO and the Board.
In-depth, practical knowledge of Kenyan tax legislation and its application in banking.
Advanced analytical skills with high proficiency in Microsoft Excel.
General competencies
Results-oriented, proactive, and able to work autonomously.
Excellent interpersonal, communication, and stakeholder management skills.
Ability to translate complex tax regulations into clear, actionable business insights.
Strong analytical and problem-solving abilities.
A collaborative team player with strong influencing skills in an individual contributor capacity.
High integrity and professional ethics.
Minimum Qualifications, Knowledge and Experience
Academic & Professional
Bachelor's degree in Finance, Accounting, Banking, Law, or related field from a recognized institution.
CPA (K) or ACCA qualification.
A Tax certification or postgraduate qualification in Taxation will be an added advantage.
Experience
A minimum of 5 years of dedicated tax experience, specifically within the banking sector or in a consulting firm serving banking clients.
Practical experience in financial reporting and applying IFRS (especially IAS 12) is highly desirable.
Proven experience effectively engaging with and presenting to senior management.
Deep and current understanding of Kenyan tax laws and strong accounting principles.