Senior Tax Officer at Alfred & Victoria Associates

Job Objectives

• Accountable for the collection of tax-related information, reporting to taxation authorities at the federal, state, county, and local levels in a timely manner, and advising management on the tax impact of various corporate strategies.
• Also to ensure proper tax planning and management and provide support in Fixed Asset Management.

Job Responsibilities
Tax Management:

• Researching, analysing and interpreting changing tax legislation in Nigeria
• Preparing and submitting compliance (tax) returns by the deadline, such as but not limited to TF Compliance, PAYE Compliance, NSITF Compliance, VAT Compliance, CIT Compliance, WHT Compliance, Education Tax Compliance, Pension Compliance
• Liaising and negotiating with the relevant tax and regulatory authorities on behalf of the Company
• Creating tax strategies and adequate planning for the Company
• Carrying out detailed computations to calculate tax liability and advising on how to minimise tax exposures
• Providing guidance on indirect taxation issues such as VAT, customs planning and environmental taxes
• Producing reports and presentations for Management.

Fixed Assets:

• Create and monitor a system of controls, procedures, and forms for the recording of Fixed Assets
• Record fixed asset acquisitions and dispositions in the accounting system
• Track the compilation of project costs into fixed asset accounts, and close out those accounts once the related projects have been completed
• Conduct periodic reviews of the fixed asset schedule to determine dispositions
• Reconcile the balance in the fixed asset subsidiary ledger to the general ledger
• Run depreciation for all fixed assets
• Prepare audit schedules relating to fixed assets, and assist the auditors in their inquiries
• Conduct periodic impairment reviews for intangible assets
• Conduct periodic physical inventory counts of fixed assets.

Reports:

• Weekly Activity Report
• Monthly Activity Report.

Key Performance Indicators
Financial:

• Zero Penalties for non-compliance
• Capitalization of Assets within 48 hours of being put into use
• Zero percentage omission of WHT and VAT deduction
• Percentage of Tax Returns Filed On-Time
• Effective Tax Rate
• Total Volume: Tax Fines.

Operations / Processes:

• Suggest at least one way of reducing tax liabilities in a year (avoidance)
• Process improvement on fixed assets management
• Internal Business Processes
• Complete compliance to SOPs.

Customer:

• Results of Satisfaction survey of Internal Customers
• Results of Satisfaction survey of External Customers.

Learning & Development:

• % Completion of Personal Development Plan.

Requirements

• Academic Qualifications: A Good Degree in Accounting
• Professional Qualification: ACA, ACCA
• Experience:Minimum of 8 years related work experience.

Key Competencies Requirements:

• Accounting: Applies accounting principles and concepts in recording and analyzing business and financial transactions, in accordance with professional and regulatory/statutory requirements
• Cost and Management Accounting; Applying the principles and concepts of cost determination, ensuring organization appropriately accounts for and reports the cost of products and services
• Month-End Closure: Applying Month-End Close concepts and procedures to enable the closure of accounting books in a timely and accurate fashion
• Financial Systems: Understands internal financial procedures and applies understanding of internal information systems to increase work productivity
• Asset Management: Knowledge and application of concepts, principles, processes, procedures and approved practices in managing and maintaining assets/ property
• Tax Management: Managing all aspects of Company’s planning, tracking, and legal reporting of tax related issues
• Cash Management: Organising and monitoring the flow and/or utilization of cash in a manner which is consistent with the overall strategic objectives.

Behavioral:
Personal Effectiveness:

• Demonstrates effective delegation
• Exhibits good planning and organization skills
• A confident Negotiator
• Effective and efficient Presentation skills
• Committed to continuous innovation.

Communication Skills:

• Very good verbal & written communications skills
• Effective and Efficient Business writing skills.

Cognitive Skills or Competencies:

• Applies sound analytical reasoning
• Sound decision making & problem solving skills
• Demonstrates strong customer service skills
• Dedicated to quality and continuous improvement.

Personal Attributes:

• High level of Integrity
• Very good Interpersonal & people skills
• Able to demonstrate strong emotional intelligence
• Able to prioritize and manage time
• Detail Orientation
• Adaptable & dependable
• Resourceful
• Effectively applies initiative
• A team player.