Operations Officer - Taxation

Operations Officer - Taxation

Security Bank Corporation
5-8 years
Not Specified

Job Description


The Role
As an Operations Officer - Taxation, you will handle the on-time and accurate filing and remittance of various taxes of the Bank and its subsidiaries to the Bureau of Internal Revenue (BIR). You will also assist in coordinating with other units/departments to ensure that the current tax regulations are being observed.
How you'll contribute
  • Coordinate the necessary reconciling items on the withholding taxes and/or tax credits based on the Equation/Withholding Tax Monitoring System (EQ/WTMS) report with responsible units/branches for accuracy of the reports submitted to BIR
  • Maintain the supplier/payee database based on the upload in the withholding tax monitoring system and/or supporting documents, as may be necessary for the accuracy of the report submitted to BIR
  • Ensure that balances for reporting/remittance tally with adjusted balances per book to ensure accuracy of reports submitted to BIR.
  • Monitor timely submission of BIR reports/returns of the Bank and its subsidiaries through updating of tax deadline checklist to avoid penalties for late or non-filing of BIR reports/returns.
  • Perform, review or establish new and/or current processes through updating and/or creation of manuals, service level agreements, reports specifications, and conducts user testing of reports in order to perform assigned tasks efficiently.
  • Prepare, file, and remit tax returns/reports of Security Bank Corporation and other subsidiaries based on adjusted balances and supporting computations/records for BIR compliance
  • Encode selected transactions such as but not limited to payments to executives for consultancy fees, BSP payments, and withholding tax transactions in foreign currency based on the requests for upload from other units
  • Ensure that Creditable Withholding Tax (CWT) certificates are issued on time to suppliers/payees based on the withholding tax reports to comply with the BIR requirements
  • Handle and prepare tax related schedules and relevant entries based on the month-end accruals and other factors as necessary to update the tax liabilities and accounts of the Bank
  • Assist in the implementation of BIR Regulations especially involving new laws affecting the Bank and its subsidiaries through assistance in preparing tax bulletins and/or tax training materials, cascading implementing guidelines to affected units, and entertain tax queries raised by other business units, assistance in monitoring compliance thereof to facilitate full compliance

What we're looking for
  • Bachelor's Degree in any related field
  • Have at least 5 years experience in Accounting/Audit/Tax Services, Banking, Credit Card Companies, Law/Legal, Leasing/Financing Institutions
  • Knowledge in general accounting/book-keeping and financial statement preparation. Knowledge in the taxation of banks and other financial intermediaries as well as regulatory reporting (BIR, BSP, SEC, PSE)
  • Planning and organizing skills analytical and problem-solving skills time management skills proficient in MS Office applications and Excel's formula functions.
  • Able to communicate effectively with all levels of the organization and external parties keen on details

Job Details

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About Security Bank We are the Philippines' largest independent bank, having won countless awards over the years including the most prestigious industry award in both 2015 and 2016-the Bank of the Year - Philippines by The Banker . We're changing how people bank. From the moment customers enter our branches to their experience online, we make them feel valued and empowered. Now, with more than 300 branches spanning the country, BetterBanking has become the gold standard in improving the banking lives of millions of Filipinos. But we're far from done. In our constant pursuit of excellence and improvement, we create teams that support our business and each other.

Job Source : boards.greenhouse.io

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