Deputy Manager (Tax)

1. Job Description (JD)

The Deputy Manager – Tax will support and manage all tax-related matters of the Insurance Company, ensuring full compliance with Pakistani tax laws, SECP regulations, and industry-specific requirements.

Key ResponsibilitiesTax Compliance & Filing

• Prepare and file monthly, quarterly, and annual tax returns (Income Tax, Sales Tax, Withholding Statements).
• Ensure timely deposit of withholding taxes and maintain accurate documentation.
• Manage Sales Tax on Services (Sindh PRA, Punjab PRA, KPRA, BRA), specifically for insurance-related services.
• Review tax calculations for premium-related transactions, agents’ commissions, service providers, and reinsurance settlements.

Regulatory & SECP Coordination

• Ensure compliance with SECP Insurance Rules, tax circulars, and reporting requirements.
• Assist in tax disclosures for financial statements under IFRS and SECP formats.

Advisory & Planning

• Provide guidance on tax implications of insurance products, reinsurance agreements, investments, commissions, and claim payments.
• Support strategic tax planning to optimize liability while ensuring legal compliance.
• Review vendor/agent contracts to ensure proper application of withholding taxes.

Audit & Assessments

• Handle internal and external audits related to tax matters.
• Prepare responses and documentation for tax notices, assessments, and appeals.
• Liaise with tax authorities (FBR, PRA authorities) for clarifications and hearings.

Record Keeping & Documentation

• Maintain complete tax records, reconciliation of tax ledgers, and compliance reports.
• Ensure up-to-date knowledge of new tax laws, amendments, and budget changes affecting the insurance industry.

Team & Departmental Support

• Support the Tax Manager / Head of Finance in department operations.
• Train and guide junior staff in tax compliance processes.

2. Qualification RequirementsEducational

• CA Qualified / CA Finalist / ACCA / ACMA (ICMAP)
• OR Master’s in Accounting / Finance / Taxation (preferred with professional certification).
• Additional taxation courses or diplomas are an added advantage.

Experience

• 3 to 6 years of post-qualification experience in taxation.
• Preferably experience in insurance sector, financial services, or a reputable audit firm (Big 4).
• Strong understanding of:
• Income Tax Ordinance, 2001
• Sales Tax on Services (PRA, SRB, KPRA, BRA)
• Withholding tax rules
• Insurance-specific tax treatments (premiums, commissions, reinsurance, claims)

Skills & Competencies

• Excellent command over tax laws and compliance procedures.
• Strong analytical and problem-solving skills.
• Ability to handle tax audits, assessments, and regulatory correspondence.
• Good communication skills for dealing with regulators, auditors, and internal stakeholders.
• Proficiency in ERP systems, MS Excel, and accounting software.

Job Type: Full-time

Work Location: In person