Internal /External 

Job title                  : TAX & INSURANCE MANAGEMENT

Department           : Finance

Reporting Line        : Chief Finance Officer

Location                 : Douala

ROLES & RESPONSIBILITIES:

1. Tax Strategy and Tax Risk Assessment

• – Minimize tax costs through tax avoidance and achieve huge tax savings for the Bank by devising and implementing tax management strategies Group-wide
• – Develop and implement transformational initiatives to improve the Bank’s tax process and reduce overall tax costs Groupwide
• – Ensure Groupwide compliance with extant tax laws and recommend measures to close gaps
• – Devise measures to avoid undue tax exposure due to policies from government and regulatory bodies
• – Revise tax operations process and innovate measures that will ensure better compliance and reduce man-hour involvement
• – Drive tax incentive policies and eliminate ambiguity within local tax laws through engagement with consultants and tax authorities Groupwide

2. Transfer Pricing

• – Develop an effective Transfer Pricing process to ensure effective and timely cost allocation Groupwide
• – Ensure Group-wide compliance with International best practices on transfer pricing
• – Revise transfer pricing agreements to ensure that the clauses do not pose any adverse effect for members of the group
• – Review monthly transfer pricing computations and invoices to eliminate cost allocation errors
• – Ensure timely rendition of required Transfer pricing returns Groupwide

3. Insurance Operations & Management

• – Reduce the Bank’s insurance cost by reviewing and updating the Bank’s Insurance Policies and practices
• – Develop and implement transformational initiatives to improve the Bank’s insurance process and reduce overall insurance costs
• – Ensure effective insurance cover for all the Bank’s assets and insurable risks
• – Ensure compliance with all regulatory-mandated insurance requirements
• – Achieve effective and prompt claims for all insured loss incidents
• – Achieve timely reconciliation/proofing of insurance GLs including reconciliation of sinking fund records with statements from the fund manager

KPIs:

• – Development and implementation of minimum 3 transformational initiatives to reduce the Bank’s Tax
• – Development and implementation of minimum 3 transformational initiatives to reduce the Bank’s Insurance Cost
• – Achieve an effective tax rate for the Bank not exceeding the budgeted maximum
• – Achieve insurance cost for the Bank not exceeding the budgeted maximum
• – Zero Tolerance for Tax Compliance breaches

Qualification required:

• First degree in Finance, Taxes, accounting, Economics,
  Additional professional qualification – ACA, ACCA

Experience required:

Minimum requisite experience – 8 years’ relevant experience

Key Competencies:

Knowledge

• – Strong knowledge of the financial services’ industry
• – Good Tax Management Initiatives
• – Good understanding of Finance Local Practices
• – Good understanding of Finance, accounting and tax
• – Global best practices in financial management
• – Finance and Cost Management Financial Strategy

Skills/Competencies/Aptitudes

• – Good written Communication
• – Good Oral Communication Skills
• – Attention to Details.
• – Strong Leadership qualities
• – Good analytical skills
• – Good problem solving skills

Application submission

Candidates should send their resume and motivation letter to hcmrecruitcameroon@ubagroup.com, with the heading “Performance Management (Team Member)” by August 10, 2023 Before Close of Business.

Only shortlisted candidates will be contacted to proceed to the interview stage.

If you do not receive any response 01 month after this publication, kindly consider your application as non-accepted for this time.

Dintar BERKA, Regional HRBP CEMAC/Country Resources