Job Summary
Provide accounting support and assist in preparing and submitting statutory returns.
Duties And Responsibilities
Tax
- Prepare various tax returns and ensure filing timely and accurately.
- Prepare all tax payments for the various tax heads before the due dates on a monthly basis
- Prepare supporting calculations for Quarterly Payments Dates (QPDs) and Annual Tax Returns including payment of the taxes.
- Assist the Manager in closely tracking updates on tax rules and regulations, and timely adjust internal policy and procedures to reflect the changes.
- Assist the Manager to establish standardized internal controls and procedures of tax management for the Bank.
- Collaborate with tax authorities on information requests and audits.
Regulatory Reporting
- Prepare the daily, weekly, monthly, quarterly and annual Regulatory returns to ensure accuracy and completeness before submission to regulatory bodies: Reserve Bank, Deposit Protection Corporation, etc.
- Investigate and explain all material periodic movements on such returns and initiate any correcting journals where discrepancies have been noted
- Address and resolve queries on statutory returns and reports and provide first-line contact with regulatory bodies.
- Maintain a file of all correspondences with regulatory authorities.
- Assist with the annual year-end external audit requirements for tax and regulatory returns.
- Maintain and track a calendar of all regulatory and tax returns
Reconciliations
- Liaise with the Tax Authorities monthly to prepare reconciliations for all tax head accounts with ZIMRA.
- Reconcile internal general ledger clearing accounts for all tax types on a monthly basis.
- Maintain an attestation file for internal and external tax accounts and ensure that reconciling items are cleared in a timely manner
Other
- Provide a monthly analysis of key P&L and Balance Sheet lines for month-end reporting.
- Preparing month-end schedules and journal entries, posting to general ledger as well as authorising journal entries initiated by colleagues
- Review and authorise general ledger maintenances including marking of holidays, opening of accounts, locking and unlocking of General Ledgers, etc.
- Assists with the resolution of external and internal audit findings.
Qualifications And Experience
- B.Comm, BA or BSc or equivalent in Accounting, Business Studies, Economics, or related field
- Progress towards attainment of a professional accounting qualification such as CA, ACCA, CIS, CIMA, or ICTA
- A minimum of 2 years experience as an Accountant or a similar role.
- Previous tax experience whether within Zimra or in an auditing firm is an advantage.
- Proven ability to calculate, post and manage accounting figures and financial records
Skills and Competencies:
- Highly attentive to detail
- Proficiency in process improvement
- Strong time management and organizational skills
- High degree of accuracy and attention to detail
- Ability to work independently and prioritize tasks
- Hands-on experience with spreadsheets and proprietary software
- Proficiency in English and in MS Office
- Ability to work under pressure and strong adherence to deadlines and targets.
- Customer service orientation and negotiation skills
- Strong relationships building and networking skills.
- The ability to show empathy to diffuse and resolve customer dissatisfaction.
Job Related Knowledge
- Knowledge of basic accounting principles
- In-depth knowledge of tax principles and tax administration
- Knowledge and experience in compiling regulatory returns for Banks
How To Apply
Interested applicants who meet the job requirements should e-mail their CVs to Careerszim@bancabc.co.zw with the Heading: “Accountant: Tax and Regulatory Reporting” attaching certified copied of your academic qualifications and National ID.
APPOINTMENTS WILL BE MADE IN COMPLIANCE WITH BancABC’s RECRUITMENT POLICY.
