Tax & Internal Audit Manager at Petrogap Oil and Gas Limited

Responsibilities

Tax:

• Prepare tax returns and facilitate payments including suggestions on payment plans
• Design an annual tax plan in line with the company’s goals
• Research, Estimate, and track tax return
• Prepare and Complete monthly, quarterly, and annual tax report
• Manage, Organize, and update the company’s tax database
• Recommend tax strategies and methods required to manage taxes, that align with the business goal
• Prepare necessary paperwork for tax payments and return
• Share financial data with the accounting department
• Identify tax savings and suggest ways to increase profit
• Follow industry trends and track changes related to taxes
• Liaise with internal and external auditor
• Forecast tax predictions to Management
• Ensure compliance with regulators either federal, state, or local authorities
• Find tax solutions to complicated tax issues or errors from incorrect tax filing
• Advise Management about the impact of Tax liabilities and corporate strategies or new tax laws.

Audit:

• Audit of financial statements and assessment of the books of account to ensure accuracy and regulatory compliance.
• Reviewing internal control systems performing walkthrough processes and analysing financial records and transactions.
• Design the auditing process using common standards of practice, company policies, business goals, and industry regulations.
• Indicate and identify risk areas in each departmental operations and process
• Analyze adherence to budgetary standards and guidelines using financial data and balance sheets.
• Review all financial materials and procedures to spot errors, inefficiencies, or instances of misuse.
• Document all internal processes within an audit; list all data sources; detail all conclusions after an investigation.
• Work to develop new best standards of practice within the company to increase accuracy and integrity.
• Maintain a high level of knowledge and expertise within the field by participating in professional development.
• Keep all sensitive information confidential and secure.