Financial Planning & Accounts Officer at HRD Solutions

Job Objective / Summary

• To effectively manage the relationship between the MfB and tax authorities, thus enhancing smooth, hitch-free interaction with Inland & Internal Revenue Services

Duties & Responsibilities

• Ensure full compliance with all relevant tax laws and finance acts applicable to the MfB (CIT, EDT, PAYE, WHT, VAT, TP, CRS, etc).
• Ensure and monitor payment of taxes to the relevant government authorities.
• Ensure that deductions of taxes are made from applicable transactions.
• Coordinate tax audits and supervise tax functions across the MfB.
• Exploring ways within the tax system and laws that the MfB can take advantage of.
• Put in place a process for the prompt filing of annual tax returns (PAYE and company income tax).
• Review tax (PAYE, WHT and CIT) accruals made in the general ledger for adequacy and reconcile to schedule.
• Perform year end accrual review and prepare tax provision with supporting schedules.
• Work with payroll unit to ensure the deduction of taxes and that taxes deducted are correct.
• Handle all tax information request including processing of tax clearance for staff and the MfB.
• Improve tax processes of the MfB by developing or implementing best practices.
• Identify and mitigate tax risks.
• Provide innovative tax planning for the staff and the MfB.
• Ensuring prompt responses to queries on demand notices and other correspondences before deadlines to relevant government authorities.
• Remittance of WHT deductions and VAT payments to relevant tax authorities; and
• Provide monthly update on tax information as it affects the MfB, in addition to identifying and mitigating tax risks.

Key Performance Indicators

• Timeliness in preparation of all necessary tax reports / returns.
• Timeliness in response to requests and queries from revenue services.
• Incidents of financial exposure or loss due to negligence in all tax related matters; and
• Accurate and prompt remittances of all relevant taxes.

Job Requirements

• Education: A good Bachelor’s Degree / HND in Accountancy.
• Professional Accounting certification and MBA will be added advantage.
• Experience: Minimum of 5 years relevant experience in a reputable firm or company.

Knowledge:

• Proficiency in Microsoft Excel and other Microsoft office programmes
• Sound knowledge of best practices in financial management
• Knowledge of relevant accounting packages
• Knowledge of all relevant and up to date tax laws
• Knowledge of existing regulatory framework
• Knowledge of industry and economic environment, both locally and globally.

Skills / Competencies:

• Strategic thinking
• Supervisory and leadership skills
• Communication skills
• People skills
• Integrity
• Flair for details
• Team spirit.