Head, Group Tax Management Division (GTMD) at Greenwich Registrars & Data Solutions

Job objective:

• Coordinate and administer all tax matters affecting the Greenwich Group; ensure compliance with all tax laws and regulations; ensure adequate tax planning and execution; develop and oversee the Group’s tax management strategy; liaise and build relationship with the relevant tax authorities on behalf of the Greenwich Group; ensure all available tax avoidance opportunitiies are explored to minimize tax liability across the Group; and ensure the list of entities constituting the Greenwich Group is updated regularly.

Duties & Responsibilities:

• Provide leadership for the Group Tax Management Division (GTMD)
• Develop and ensure periodic review of the Group’s tax management strategy
• Responsible for coordinating implementing the Group’s tax management strategy
• Responsible for supervision, training and capacity development for all staff within the Group Tax Management Division
• Review each entity’s operations with a view to providing tax advice relevant to their day-to-day business operations
• Provide advice on tax implications of significant investment analysis and decision making
• Compute for each entity the relevant annual tax liabilities (including computations such as income tax, education tax, capital allowances, balancing adjustment, deferred tax, National Information technology tax, Nigeria Police Trust Fund, etc) and communicate to them accordingly
• Ensure timeliness of the computation of annual tax liability to be provided in each entity’s annual audited account and ensure it does not cause delay to the conclusion of annual financial year audit  and revalidate such tax computation/provision before annual tax filing is due.
• Apply for and obtain certificate of acceptance for all relevant qualifying capital expenditures on behalf of each entity
• File annual corporate tax returns with FIRS for each entity
• Obtain annual corporate income tax clearance certificate for each entity from the Federal Inland Revenue Services
• Provide general advice to each entity on VAT administration as the need arises
• Respond to queries on VAT returns to the tax authority for each entity
• Provide general advice to the entities on WHT administration from time to time
• Responding to queries on the entities’ WHT returns to the tax authorities
• Process and file for the relevant state tax authorities of respective states in which each entity operates their annual tax returns such as the Employers’ Return of Pay and Tax Deduction (Form H1), annual claim of tax reliefs (Form A), etc.
• For each entity, obtain monthly PAYE tax remittance receipts issued by the respective tax authorities and prepare the statutory Employee Remittance Card (Form G) per State; review the monthly payrolls for all employees and prepare a summarized annual schedule of Pay and Tax Deduction on a location basis; distribute requisite forms and provide guidance on filling the forms to staff that require additional tax reliefs for Interest on Mortgage and Life Assurance Premium paid; reconcile the annual schedule of Pay and Tax with the tax remittances; present the schedules for the review of the entity’s designated officers and their concurrence before submission to the various States; and file the returns with the relevant tax authorities of the respective States.
• For each entity, apply for and obtain from the relevant state tax authorities TCC for all their employees: prepare the Employer’s Certificate of Pay and Tax (Form H2) for each employee and deliver them for stamping and authentication by the entity
• Responsible for collating and analyzing all intercompany transactions; identify and understand the roles and responsibilities of the related parties to the transactions; identify functions performed, assets employed, and risks assumed by each party to the transaction; identify relevant entities for analysis, for the purpose of establishing the arm‘s length price and also carrying out a comparability analysis on the entities in order to establish the arm’s length price in compliance with the Nigerian Transfer Pricing Regulations, the Organization for Economic Cooperation and Development (OECD) Transfer Pricing Guidelines and United Nation‘s (UN) Transfer Pricing Manual.
• Responsible for reviewing/drafting and executing defendable intercompany agreements for all related party transactions and in determining the necessary internal pricing mechanism that may be needed to achieve the target arm’s length price.
• Prepare a transfer pricing policy documentation that will be sufficient and acceptable for determining arm’s length prices for all intercompany transactions
• Review transactions that occurred during the year for the purpose of confirming compliance with provisions of the Nigerian TP regulations as well as existing TP policy document of the Group; identify variances and make recommendation for corrective measures to be taken by the Group before the entities’ accounts are closed for the relevant year
• File each entity’s annual transfer pricing returns with the Federal Inland Revenue Service (including filling for each entity the declaration and disclosure form) for the relevant financial year; attend to requests/ inquiries from Federal Inland Revenue Service in respect of the returns filed in relation to provisions of document; responsible for reconciling positions, provide technical defenses and attend meetings with the FIRS
• Regularly keep all entities informed of new tax provisions and regulations that are relevant to them, and immediately advise them on the actions required to ensure compliance with such provisions and regulations
• Conduct periodic review of each entity’s management accounts for the purpose of determining adequacy of taxes (CIT, EDT, NITD Levy, NPTF, WHT, VAT, PAYE, etc) paid or provisioned in the account and advise the entity on any shortfall
• Conduct regular review of each entity’s operations and processes to ensure they align with the Group’s tax management strategy 
• Carry out a pre-tax audit review of each entity’s records and documents and calculate the actual tax position; reporting to the entity the result of the pre-tax audit review; advise the company on records/documents to be presented for tax audit; collate the documents in readiness for the audit
• Coordinate and attend to tax audits conducted by tax authorities for each entity; Ensure a representative of the Group Tax Management Division (GTMD) is physically present to attend to the tax auditors during every tax audit by tax authorities; present the collated records and documents to the tax inspectors during the field exercise; attend to queries/questions raised by the tax inspectors on the records of entity; attend the exit meetings with the tax auditors/inspectors
• Coordinate and attend to tax desk review conducted by tax authorities for each entity 
• Respond, on behalf of each entity, to tax queries that may be raised by the tax officials and liaise with the entities in responding to issues that may be raised from time to time.
• Liaise and monitor each entity’s tax audit file with the tax authorities; file valid objection to any additional assessment issued against the entity as a result of the tax audit, where the Group Tax Management Division (GTMD) is of the opinion that the assessment is unfair and does not represent operations of the entity; represent the entity at reconciliation meetings with the Relevant tax authority with a view to resolving the tax audit; review and agree the tax liability of the entity with the tax authority; report to the entity on the final resolution of the tax audit assessment and advise the entity on agreed and payable tax liabilities where required
• Responsible for ensuring proper closure of all tax issues for each entity
• Develop Tax Risk Management Policy for the group and each entity
• Maintain Tax Risk Register (Universe of tax risks) - Standard tool to track and match Tax Risks with associated controls (Design and Develop a Tax Risks Register & Controls Matrix for continuous tracking and monitoring of tax risks)

Work Experience & Education Requirement:

• First degree (BSc.) in Accounting or any related discipline
• Must be a Chartered Accountant (e.g. ACA, ACCA, CPA, CIMA, etc.)
• MBA or MSC will be an added advantage
• Minimum of eight (8) years experience in a senior management position in tax management for a group of companies or well-known tax consulting firms. 

Key Competency List

Knowledge

• Excellent knowledges of accounting, finance and Nigerian tax laws and practice
• Cognate experience in financial and manufacturing industries
• Proven work experience as a Tax Manager
• Proven track record in developing tax planning and strategies for a group of companies and successful implementation with evidence of good results
• Proven track-record in liaising with all relevant tax authorities and coordinating tax audits
• Good knowledge MS Office (particularly spread sheet)
• Sound knowledge of transfer pricing principles, laws and regulations

Skill/Competencies

• Excellent Communication and Inter -Personal Skills
• Excellent leadership skills
• Sound project management skills
• Sound negotiation skills
• Sound analytical skills with knack for details
• Excellent professional relationship with all relevant tax authorities
• Ability to understand the big picture when resolving intercompany issues
• Good at problem solving and meeting deadlines