Tax Manager at Rand Merchant Bank

Job Description

• The Tax Manager is responsible for the effective management of the Bank’s tax affairs across RMB Nigeria, subsidiary, and related entities. The role ensures full compliance with Nigerian tax laws and regulatory requirements, optimizes the Bank’s tax position, proactively manages tax risk, and serves as the primary interface with tax authorities and external advisers.

Responsibilities

• The successful candidate will be responsible for:

Tax Compliance & Reporting

• Ensure timely preparation, filing, and payment of all statutory taxes (CIT, VAT, WHT, Stamp Duties, CGT, etc.).
• Prepare and review annual tax computations and statutory returns.
• Oversee tax accounting, provisions, and disclosures in line with IFRS.
• Ensure compliance with BOFIA, CBN guidelines, and relevant frameworks.

Transfer Pricing Governance

• Ensure proper application of transfer pricing methodologies.
• Coordinate preparation and submission of Transfer Pricing Local and Master Files.
• Act as primary contact for transfer pricing audits and reviews.
• Review intercompany agreements to ensure arm’s length compliance.

Tax Planning & Advisory

• Identify tax planning opportunities to optimise the effective tax rate.
• Provide advisory support on products, transactions, and business initiatives.
• Monitor changes in tax legislation.
• Advise management on tax risks and mitigation strategies.

Tax Audits & Regulatory Liaison

• Lead and manage tax audits and enquiries.
• Act as primary liaison with regulators and consultants.
• Coordinate responses to regulatory queries.
• Manage tax disputes and reconciliations.

Internal Controls & Governance

• Maintain strong tax controls and compliance processes.
• Support audits with accurate tax information.
• Ensure proper tax documentation and audit trails.
• Identify and report tax risks.

Stakeholder & Team Management

• Collaborate with business units.
• Manage relationships with external advisers and auditors.
• Ensure timely delivery of tax-related outputs.

Experience & Qualifications

• Education & Professional Qualifications
• Bachelor’s degree in Accounting, Finance, Economics, or related field.
• Professional qualification (ICAN, ACCA, CITN, or equivalent).
• Master’s degree is an advantage.

Experience

• 7–10 years of relevant tax experience with managerial exposure.
• Banking/financial services experience preferred.
• Experience dealing with tax authorities.

General Competencies

• Strong knowledge of Nigerian tax laws
• IFRS and tax accounting knowledge
• Experience with e-tax platforms (e.g., TaxPro Max)
• Strong analytical and communication skills
• Key Competencies
• Regulatory compliance and risk management
• Strategic thinking
• Stakeholder management
• Leadership
• Integrity and professionalism