CAREER OPPORTUNITY

Finance Manager – Tax

Applications are invited from suitably qualified candidates to fill the position of Finance Manager- Tax.

Job Purpose

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.Job search platform

Key Responsibilities

• Stay abreast of and interpret changes in Malawi tax legislation and regulations affecting the banking sec-tor, including recent amendments and budget mea-sures, and advise the Financial Controller, EXCO, and business units on potential impacts.
• Ensure timely and accurate preparation, review, sub-mission, and payment of all tax returns, computations (current and deferred), and obligations in line with applicable laws and Reserve Bank of Malawi require-ments.
• 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 re-structurings; prepare opinions and recommendations.
• Research international best practices in tax planning for the banking industry and propose compliant opti-misation strategies.
• Engage directly with the MRA on queries, audits, dis-putes, and compliance matters; coordinate responses and resolutions.
• Ensure adherence to transfer pricing regulations, thin capitalisation rules, and other anti-avoidance provi-sions.
• Oversee tax provisioning in financial statements, deferred tax calculations, and overall tax risk assess-ments.
• Develop, update, and implement tax policies, proce-dures, 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.

Malawi career opportunities

Qualifications and Requirements

• Bachelor’s degree in Accounting, Taxation, or related field.
• Professional qualification: ACCA or CIMA (Full mem-bership); 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.
• Strong understanding of Malawi’s tax framework and recent changes impacting financial institutions.
• Membership: Institute of Chartered Accountants in Malawi (ICAM) and Malawi Accountants Board (MAB) preferred.

Technical Skills/Competencies

• Deep analytical and research skills in tax matters, with expertise in risk management and compliance.
• Excellent knowledge of IRS (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 regula-tors).
• Ethical conduct, attention to detail, and ability to thrive under pressure in a dynamic regulatory environ-ment.

• Stay abreast of and interpret changes in Malawi tax legislation and regulations affecting the banking sec-tor, including recent amendments and budget mea-sures, and advise the Financial Controller, EXCO, and business units on potential impacts.
• Ensure timely and accurate preparation, review, sub-mission, and payment of all tax returns, computations (current and deferred), and obligations in line with applicable laws and Reserve Bank of Malawi require-ments.
• 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 re-structurings; prepare opinions and recommendations.
• Research international best practices in tax planning for the banking industry and propose compliant opti-misation strategies.
• Engage directly with the MRA on queries, audits, dis-putes, and compliance matters; coordinate responses and resolutions.
• Ensure adherence to transfer pricing regulations, thin capitalisation rules, and other anti-avoidance provi-sions.
• Oversee tax provisioning in financial statements, deferred tax calculations, and overall tax risk assess-ments.
• Develop, update, and implement tax policies, proce-dures, 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.

• Deep analytical and research skills in tax matters, with expertise in risk management and compliance.
• Excellent knowledge of IRS (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 regula-tors).
• Ethical conduct, attention to detail, and ability to thrive under pressure in a dynamic regulatory environ-ment.

• Bachelor’s degree in Accounting, Taxation, or related field.
• Professional qualification: ACCA or CIMA (Full mem-bership); 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.
• Strong understanding of Malawi’s tax framework and recent changes impacting financial institutions.
• Membership: Institute of Chartered Accountants in Malawi (ICAM) and Malawi Accountants Board (MAB) preferred.