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Country Tax Manager

Employer
Citibank AG
Location
Johannesburg Johannesburg Gauteng, South Africa
Salary
Competitive
Closing date
Nov 28, 2021

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Job Role
Tax Compliance
Sector
Finance
Contract Type
Permanent
Hours
Full Time
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Job Purpose:
  • Provide support to the Citi Country Finance Officer (CFO) to protect the Franchise and to ensure Citi is appropriately managing Tax related risks as it affects the business activities in the country.
  • Proactively identify and resolve country tax issues, supporting the financial reporting, control and management of legal vehicles in compliance with legal, tax and regulatory requirements.

Key Responsibilities:

The Tax manager will coordinate, review, monitor or plan for each of the following;
  • Oversight and management of all direct and indirect tax processes
  • Management of external tax consultants and Citi's local relationship with the Revenue Authorities
  • Management and escalation of tax audits, investigations and tax litigations etc.
  • Review of Local tax law changes and implications (and inform senior management appropriately)
  • Management of all corporate tax requirements
  • WHT offshore payments relating to profit remittance
  • Managing tax governance, risks and controls and related controls
  • Income tax accruals, Contingent tax reserves and Effective Tax Rate management
  • Review and Assessment/notice orders negotiations
  • Intercompany ICSAs review and sign-off including APS reconciliations
  • Transfer pricing documentations and reconciliations.
  • Tax balance sheet accounts including deferred tax assets, FIN 48 reserves etc.

Business Relationships:
  • Responsible for oversight over taxes that are applicable to the Bank.
  • Ensure that the control environment remains safe and sound by liaising with Operational Risk Management (ORM), Compliance, Legal and the Regulatory Reporting Governance Committee (RRGC).
  • Act as regulatory liaison by proactively dealing with the requirements of the Central Bank of South Africa, Tax Authorities and regulators.

Knowledge:
  • Analytical and Financial Skills: applicant must acquire an understanding of the Firm's financials, balance sheet and income statement with ICG Institutional Client Group, ability to discern key drivers and risk/opportunities.
  • Communication skills: will be interacting with senior management within Citi, on a variety of internally driven and function driven deliverables.
  • Teamwork/Relationship Management: the position requires extensive teamwork, partnership and collaboration across Finance and other functions
  • Working knowledge of banking products and business

Skills:
  • Strong interpersonal and communications skills
  • Good teamwork and project management skills.
  • Proficiency in Excel, Power point and word office software.

Academic Qualification/Other Requirements
  • Minimum of First Degree or equivalent in any discipline
  • Possession of ACA, ACCA, CFA or other relevant professional qualification or relevant higher degree required
  • Minimum of 8 Years post-graduation experience, of which 4 years ideally be within banking.

Core Competencies:
  • Good Accounting and tax skills.
  • Financial Modeling and analytical skills

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Job Family Group:
Finance
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Job Family:
Tax
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Time Type:

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Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi .

View the "EEO is the Law " poster. View the EEO is the Law Supplement .

View the EEO Policy Statement .

View the Pay Transparency Posting

Citi is more than a global financial services company. It's an engine for progress. Join us, and you'll have the chance to get involved in progress in all its shapes and forms, right across the world. From the micro to the macro, from Australia to Zambia, the work we do has real positive impact. Wherever you are and whatever you do, progress starts here.

We've built a world famous, trusted brand over 200 years of continuously evolving financial services. And today, our influence continues to grow: with financial operations in 160 countries and 100 currencies. We have 200 million different clients, including some of the biggest names in the industries, sectors, businesses and governments that we serve every day. It all adds up to an exciting place to be for talented, ambitious people who want to build a truly remarkable career.
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