Finance Manager – Tax at First Capital Bank
Job Description
Job Summary
To lead the bank’s tax function, ensure proactive and full compliance with Malawi’s evolving tax framework, manage tax risks, provide strategic tax advice, and support business operations amid legislative amendments and measures that have introduced new complexities for financial institutions. Finance Manager open role.
Key Duties & Responsibilities
- Ensure timely and accurate preparation, review, submission, and payment of all tax returns, computations (current and deferred), and obligations in line with applicable laws and Reserve Bank of Malawi requirements.
- Manage compliance with new and revised tax obligations on financial transactions, including levies on transfers and related remittances to the Malawi Revenue Authority (MRA).
- Assess tax implications of business transactions, new products, contracts, acquisitions, mergers, and restructurings; prepare opinions and recommendations.
- Research international best practices in tax planning for the banking industry and propose compliant optimisation strategies.
- Engage directly with the MRA on queries, audits, disputes, and compliance matters; coordinate responses and resolutions.
- Ensure adherence to transfer pricing regulations, thin capitalisation rules, and other anti-avoidance provisions.
- Oversee tax provisioning in financial statements, deferred tax calculations, and overall tax risk assessments.
- Develop, update, and implement tax policies, procedures, and internal controls to maintain a robust tax compliance environment.
- Provide training and guidance to Finance and business teams on tax compliance and the implications of recent regulatory changes.
- Prepare tax-related reports for management, Board, Group, and regulators
Educational Qualifications, Experience, & Skills Required
- Bachelor’s degree in accounting, Taxation, or related field.
- Professional qualification: ACCA or CIMA (full membership); additional tax specialisation or certification advantageous.
- 4 – 6 years’ experience in tax compliance, advisory, or planning roles, preferably within banking, financial services, or Big 4 firms.
- Deep analytical and research skills in tax matters, with expertise in risk management and compliance.
- Excellent knowledge of IFRS (tax-related elements), internal controls, and RBM guidelines.
- Proficiency in Excel, accounting/tax systems, and data analysis. • Strong communication, negotiation, and stakeholder management skills (particularly with MRA and regulators).
