Tax and Treasury Accountant at Montego Upstream Services Limited

JOB PURPOSE:  

·         To ensure effective custody and management of all company funds through complete documentation of all bank and cash transactions and reconciliation of Bank and Petty Cash balance in the General ledger.

• To ensure tax remittances and statutory payments are properly accounted for, remitted and filed in order to prevent penalties

PRINCIPAL ACCOUNTABILITIES

Payment Processing:

• Makes all payment for - prepares telegraphic transfer instructions (Naira and Foreign currency), maintains and administers petty cash (Nigeria and foreign currency)
• Monitors and processes banking transactions
• Liaise with various banks where company accounts are maintained.
• Enforces policies, procedures and internal controls related to bank and cash operations.
• Prepares and submits a daily cash report for all bank accounts. This details the company’s cash positions in all banks.
• Assists with cash flow planning so that all debt payment and other obligations are paid timely and ensure accurate and timely transfer of funds to meet foreign payment obligations.
• Collection and receipting of all proceeds and cash calls received by  the company
• Ensure safety and security of all cash and cheques by putting them in the safe at the close of business on a daily basis.
• Handling of Treasury related queries.

Reconciliations:

• Monthly bank reconciliation and preparation of bank reconciliation statements for all bank accounts assigned-Naira and Dollar.
• Timely remittance and reconciliations on remittances made with Tax authorities

Tax Remittances:

• Timely payment and filing of statutory payments (WHT; PPT; CIT; NCD and VAT)
• Filing of Transfer pricing

REQUISITE QUALIFICATION AND EXPERIENCE

• ·Accounting Graduate with 3 years of  work experience in similar role

  Relevant Professional Qualification ACA, CIMA, ACCA with a minimum of final stage in Professional Examinations

KEY COMPETENCE & BEHAVIOURAL EXPECTATIONS

• Proficiency in Ms-office applications
• Proficient in the use of accounting software package
• Basic knowledge of banking operations
• Knowledge of tax remittance rates, regulations and deadlines
• Good interpersonal skills
• Multi-tasking and coordination