Tax Officer at VFD Group

JOB SUMMARY

The role will be responsible for accurate preparation and timely reporting of all tax returns.

KEY TASK

• Tax Management
• Regulatory compliance of tax reporting/returns

STRATEGIC TASK

• Support with the development and implementation of the Group’s tax strategy
• Develop and implement strategic tax planning for all necessary federal and state taxes.
• Review tax returns and quarterly/yearly tax projections.
• Ensure the corporate tax liability of the Group is minimized within the ambit of the tax laws.
• Understand the financial and operational implications of various tax laws and ensure the Group complies all relevant provisions.
•  Implement effective tax planning strategies across the Group and ensure full compliance with relevant tax laws.

OPERATIONAL RESPONSIBILITIES

• Ensure the prompt generation of the Company Income Tax (CIT) and other related returns ensuring accuracy, completion and minimal tax exposures to the Group.
• Ensure accurate computation of all tax liabilities within the Group.
• Liaise with the tax consultants to ensure that the Group’s overall interests are protected during tax investigations and FIRS queries.
• Ensure complete documentation of relevant supports and proof of tax remittance.
• Monitor current and impending changes to tax regulation and make the appropriate updates to policies and strategies.
• Monitor future legislation that impacts taxation and operations, including future risks.
• Provide support in the identification, review and implementation of tax optimization opportunities for the Group.
• Develop and maintain relationships with appropriate personnel in relevant tax authorities.
• Timely monitoring and research on relevant taxation trends, legislative changes and relevant economic/fiscal changes in Nigeria.
• Ensure 100% remittance of all tax and statutory obligations.

SPECIFICATION/ QUALIFICATION

• Daily postings of transactions to appropriate books and softwares and update of repayment tracker.
• Produce periodic financial reports, loan disbursed, expected VS actual, matured and maturing, currency purchase and sales report
• Effective filing of transaction documents and maintenance of records for effective audit trails.
• Ensure daily reconciliation of bank balances of all transactions daily.
• Ensure the Monthly remittance of PAYEE and pensions by no later than 5th of the following month
• Collate relevant information for the generation of periodic statutory returns, e.g, tax, for regulatory authorities
• Work with auditors and other parties where necessary.
• Preparation of payroll schedule

Other duties as assigned

KEY PERFORMANCE INDICATORS

• Timeliness and accuracy of management accounts and reports
• Average time to process invoices on approved transactions
• Average time to approve payments
• Accuracy in cash-flow estimates
• Average budget variances – Actual vs. Plan
• Variances in expense accounts- Actual vs. Plan
• Performance in external audit examinations

COMPETENCE REQUIREMENTS
Core Skills

• Knowledge of the GAAP/IFRS
• Knowledge of finance, accounting, budgeting, and cost control principles
• Ability to analyze financial data and prepare financial reports, statements, and projections
• Communication & Presentation
• Negotiation
• Working knowledge of Microsoft Office Suite & the Internet
• Generic Skills
• Team work
• Integrity
• Pro-activity
• Detail orientation
• Interpersonal
• Time Management
• Organisation
• Team work

SPECIFICATION/ QUALIFICATION

Qualification

• First degree or its equivalent in a numerate discipline, MBA or Master’s degree in Finance or accounting preferred.
• Minimum Experience
• 4-5years tax experience
• Professional Membership
• ICAN or equivalent qualification is required