Job Title: Accounting and Tax Analyst
Hiring Organization: Coca-Cola
Company
Location – Locality: Nairobi
Location – Region: Kenya
Industry: Beverage
Job Type: Full
Time
Salary: KES
Competitive
Date Posted: 01/16/2024
The
Accounting & Tax Analyst role is a permanent role the purpose with the
purpose to assist the Legal Entity Controller in extracting, analyzing,
collating or otherwise preparing responses to ongoing Revenue Authority audits
as well as routine requests for information from the Revenue Authorities.
Additionally, the incumbent will also be exposed to baseline tasks, routines,
and processes that ensure continuous tax compliance and tax risk mitigation.
The role also includes responsibilities around assisting with the annual
statutory audit and financial statement preparation.
What You will Do:
- Extract
information from SAP, archives and liaise with Africa Operating Unit
departments and Financial Services teams to obtain supporting information
required for tax audits and Revenue Authorities’ requests for information.
- Analyze,
compile and present supporting information required by routine Revenue
Authority information requests and audits in collaboration with Corporate
Tax and EY
- Preparation
of monthly VAT, WHT and Withholding VAT (as applicable) Computations,
Returns and payment requests and prepare related journal vouchers for
posting into the ledger
- Preparation
of Quarterly tax computations for income tax and deferred tax and related
journal vouchers for posting into the ledger
- Prepare
provisional tax computation and return for review by Local Entity
Controller.
- Prepare
annual tax calculation, return and accompanying tax schedules for review
by Local Entity Controller
- Maintain
listing schedule of all provisional tax /additional assessment payments
made to Revenue Authorities with supporting documentation.
- Support
monthly reconciliation of tax related GL accounts and follow up of
reconciling items.
- Ensure
correct categorization of payments made to Revenue Authorities for all
taxes by reviewing Revenue Authorities’ statements of accounts and
following up with Revenue Authorities on errors identified
- Quarterly
update of the Deferred Tax listing of permanent and temporary difference
for all balance sheet accounts
- Follow
up with Revenue Authorities on tax clearance certificates by completing
and submitting the relevant on-line forms
- Prepare
SPP 13.1 tax forms and supporting documentation to Corporate Tax within 3
weeks of filling the annual tax return
- Work
with Local Entity Controller and Legal to close / liquidate any dormant
legal entities in the jurisdiction
- Research
on and respond to ad hoc tax queries and related assignments as may be
allocated by the Local Entity Controller
- Monthly
Balance Sheet Reviews as part of the USGAAP closing process. This also
includes actioning queries identified during balance sheet reviews.
- Reconciling
of GL accounts monthly – e.g.: Prepayments, Leases.
- Reconciling
of Vendor accounts specific to Controllership– e.g.: Kaplan & Stratton
and EY.
- Creation
of Purchase Requisitions for Controllership and follow up on queries and
ensuring GRV’s are done on time.
- Compiling
and submitting ALL government requested statistical forms.
Required
Experience:
- 3
to 5 years of relevant experience
- University
degree preferably in Finance, Accounting, Tax or related.
- Professional
qualifications e,g. CPA is an added advantage
- Cross
cultural exposure is required and an ability to interact across functions
and hierarchies.
- Ability
to communicate with confidence and influence diverse stakeholders is
crucial.
Technical
Skills:
- Tax
Compliance requirements
- Advanced
SAP and Excel analytical skills
- Collaboration
skills
- Accounting
skills
Skills:
- Microsoft
Office; Accounts Payable Process; General Ledger (GL); Financial
Statements; Generally Accepted Accounting Principles (GAAP); Tax
Legislation; Global SAP; ERP Solutions; Cost Accounting; Financial
Accounting
