Payroll/Tax Accountant at Alfred & Victoria Associates

Position Description

• The Payroll /Tax Accountant reports to the Financial Controller and is primarily responsible for providing and ensuring the accuracy of payroll reports and time sheets.

Key Roles & Responsibilities

• Coordinate monthly Payroll activities.
• Ensure Payroll is run in compliance with company policy, accounting standards, legal and SOX requirements.
• Manage Payroll interfaces with HR, Treasury and Banks, Governmental Agencies (Tax.
• Authorities, Pension Fund Administrators, and Insurance, Industrial Training Fund etc.).
• Manage 3rd party payments (NDDC, NCD, DPR and other regulatory Agencies).
• Manage Employee Contributory/Voluntary Pension Scheme and Gratuity Scheme
• Manage employee tax payment (PAYE), tax returns and tax relief claims.
• Process and report ex-staff final payment/indebtedness.
• Manage employees expense claim, floats and deductions
• Manage control issues and resolves escalations.
• Monitor system performance as business requirements, identify system deficiencies, prepare
• Feasibility analysis and liaise with Business Unit heads to implement required system enhancements.
• Support Payroll System Assurance process (DR testing, Backup Restore).
• Manage Payroll accounting in the Accounting system.
• Develop and implement effective and robust internal control systems around payroll and taxes and liaise with the internal audit department for implementation.
• Ensure proper accounting treatment of all pay elements.
• Ensure company policies and salary regime are correctly implemented.
• Provide timely, reliable and fit for purpose payroll management information.
• Ensure compliance with JOA, and all related agreements, government and third party regulations.
• Manage information security in payroll processes.
• Compute Petroleum profits tax, CIT, Deferred taxes and all other government taxes.
• Perform year-end accrual review and prepare the tax provision.
• Prepare PPT and EPPT returns.
• Prepare/Review other various tax filings: Annual reports
• Assist in federal and state tax audits.
• Manage, account and make timely returns of all transaction taxes
• Develop and monitor processes and procedures for the management of fixed assets.
• Record fixed asset acquisitions and disposals in the accounting system in line with accounting standards
• Ensure that fixed assets in AFE costs in CIP /WIP are adequately tracked and recorded and such fixed assets are transferred to the appropriate asset category and closed out those accounts once the related projects have been completed.
• Conduct periodic reviews of the fixed asset schedule to determine disposals. Reconcile fixed assets count with book values
• Reconcile the balance in the fixed asset subsidiary ledger to the general ledger.
• Run depreciation for all fixed assets.
• Prepare audit schedules relating to fixed assets and assist the auditors in their inquiries.
• Collaborate with team members to monitor asset disposals and movements.

Qualifications Required

• University degree in accounting (second class division). Distinction in HND may be considered.
• Professional qualification (ACCA/ ICAN) is an added advantage
• Professional qualification CITN would be an added advantage.

Job Knowledge and Experience:

• Finance professional with broad experience in Finance, with at least 5 years in a similar position
• Good (multidisciplinary) team and networking skills.
• Must be PC versatile and can pay attention to details.
• Must be up-date with company and fiscal policies on staff remuneration.
• Results & deadlines focused.
• Knowledge of Financial Controls.
• Strong on controls; strong team player.
• Ability to Influence staff and peers to deliver targets within deadlines.
• Ability to manage diverse set of priorities and deliverables.

Dimensions:

• Key Job Challenges
• Key Interfaces
  • FIRS, State Internal Revenue Boards/PF Administrators.
  • Internal/External Auditors
  • Financial Controller/JV Finance Analyst/JV Audit Liaison.

KPI's:

• Accuracy and timeliness of monthly payroll
• Accuracy of tax charge
• Promptness of tax returns/response to tax queries
• Tax audit findings
• Timely reconciliation of payroll accounts
• Timeliness of PAYE Remittance
• 100% confidentiality of staff information.

Skills & Competencies:

• Leadership – Awareness
• Personal and Business – Awareness/ Knowledge
• Functional Finance Leadership – Knowledge
• Financial Risk Management – Knowledge
• Governance, Risk Management and Internal Controls – Knowledge
• Accounting Operations – Awareness
• Treasury Operations – Awareness
• Management Information (MI) and Decision Support – Skill.

Salary
Very Attractive.