Nigeria Statutory Leader at GE - General Electric

Job Number:     2021501
Business:     GE Global Operations
Business Segment:     Global Ops-Middle East & Africa
Posted Position Title:     Nigeria Statutory Leader
Career Level:     Experienced
Function:     Finance
Function Segment:     Operational Finance
Location:     Nigeria
U.S. State, China or Canada Provinces:    
City:     Lagos
Postal Code:     N/A
Relocation Assistance:     No

Role Summary/Purpose:     This role will work directly with the regional SSA Statutory & Controllership teams to prepare and file the statutory financial statements to support the annual tax returns filed with the local authorities following the rigorous project planning, execution & debrief process. Your Scope will mainly focus on Nigeria.

Essential Responsibilities:    

• - Obtain, interpret and provide country requirements relating to statutory accounting and reporting to business finance managers.
• - Hold planning meetings with the statutory auditors to agree on the audit approach, fees, schedule audit calendar and the prepared by client list.
• - Hold planning meetings with the internal process stakeholders (business finance managers/controllers & tax directors/controllers) to agree on the audit requirements and key hand over dates.
• - Compile and communicate the statutory and tax required documentation & information that is required to support the local statutory & tax filing to all the process stakeholders.
• - Review & sign-off on required documentation & information provided by business finance teams.
• - Perform US GAAP to local GAAP (G2S) reconciliation for all business management entities reported under the legal entity in the Statutory and Tax Information Reporting tool (STIR).
• - Report out the G2S findings to the Statutory Controllership Leader, Business Finance Managers, Business Tax Controllers and Business Controllers.
• - Prepare the entity level and management entity financial statements in compliance with the local reporting requirements.
• - Manage statutory audit field work and monitor the execution in accordance with the agreed audit calendar.
• - File the Statutory financial statements in accordance with the local requirements
• - Attend operational pulsing meetings throughout the entire process to update all the process stakeholders on milestones achieved, challenges and next steps.
• - Perform the annual reconciliations between the VAT and statutory sales for the legal entity & management entities and identify the corrective actions.
• - Hold de-brief meetings with all the statutory & tax process stakeholders and identify process improvement areas as well as any corrective actions for future filing periods.
• - Ownership of e-Compliance obligations for the entities and responsibility for ensuring eCompliance is accurate and up-to-date

Qualifications/Requirements:    

• - College degree business, finance or accounting
• - Qualified chartered accountant.
• - 4-6 years of experience with Stat to GAAP, Statutory/Tax filings, analyzing data preferably at Big4 or at companies using long term contracts.
• - Excellent knowledge of country requirements relating to statutory accounting and reporting & extensive experience in reporting under Local GAAP.
• - Working knowledge of US GAAP requirements & excellent Knowledge of IFRS.
• - Ability to identify areas which are subject to G2S differences and apply them on a US GAAP Trial Balance and documents supporting the preparation of the Statutory Trial Balance under the local jurisdiction
• - Comprehensive understanding on the local documentation requirements.
• - Strong interpersonal and communication skills - report out the key achievements, challenges and next steps on a weekly basis to the regional leadership team
• - Self-starter with a commitment to meet deadlines - strong engagement to perform activities identified in the project plan and lead to completion on time and meet the Key Milestone deadlines of the project
• - Strong attention to details, experience with data analytics
• - Identify risk areas which can impact the timely and accurate completion of the key milestones and use the appropriate communication channels provided by the project framework to escalate issues
• - Escalate issues on a timely manner using the Stat and Tax Compliance tracker
• - Experience with ERP and reporting systems

Desired Characteristics:    

• - Service excellence and strong customer focus
• - Ability to priorities multi-task workload and meet tight deadlines
• - High energy, self-starter, independent worker with a proven track record in driving change
• - Team player / team builder
• - Global mindset and global career interest