Tax & Intercompany Accountant - Nigeria

BRITISH COUNCIL

Abuja

2d ago

source : NigeriaJob.com

Position : Tax & Intercompany Accountant - Nigeria

Date : 10-Jun-2022

Location : Lagos, Sub Saharan Africa, NG

Company : British Council

The British Council builds connections, understanding and trust between people in the UK and other countries through arts and culture, education and the English language.

We work in two ways directly with individuals to transform their lives, and with governments and partners to make a bigger difference for the longer term, creating benefit for millions of people all over the world.

We help young people to gain the skills, confidence and connections they are looking for to realise their potential and to participate in strong and inclusive communities.

We support them to learn English, to get a high-quality education and to gain internationally recognised qualifications.

Our work in arts and culture stimulates creative expression and exchange and nurtures creative enterprise. We connect the best of the UK with the world and the best of the world with the UK.

These connections lead to an understanding of each other's strengths and of the challenges and values that we share. This builds trust between people in the UK and other nations which endures even when official relations may be strained.

We work on the ground in more than 100 countries. In 2019-20 we connected with 80 million people directly and with 791 million overall, including online and through our broadcasts and publications.

Tax & Intercompany Accountant

Role Purpose

The post supports the Senior Financial Accountant and Country Head of Finance with end to end oversight of tax management across the operation;

including Tax planning, Transfer pricing management and advisory, centralised management of tax reviews, intercompany accounting, among others in line with standard accounting practices and corporate policies.

The role holder will act as the tax and intercompany focal point for the finance function in Nigeria and acting as one of the key finance business partners to operations, business delivery teams, and management teams across Nigeria operations on tax and intercompany related matters.

Main opportunities / challenges for this role :

The ideal candidate will manage end to end tax (tax accounting, tax returns, analysing tax regulations, monitoring industry trends, completing tax reports, etc.

and intercompany accounting (reviewing and verifying intercompany charges, reviewing and resolving out of balance / intercompany reconciling items, Intercompany account settlement, etc.

function for Nigeria while ensuring accuracy, completeness, and timeliness of accounting transactions and reporting in line with internal policies and external regulatory requirements..

Main accountabilities but not limited to the following :

The post-holder will recommend effective tax strategies that comply with relevant laws and promote British Council’s financial well-being.

Responsible for the management of all Nigeria direct and indirect tax matters, including ensuring tax returns are accurately prepared and filed on time, paid as at when due, and tax audits are managed effectively.

Management of local tax forecast and local tax projects as part of the financial planning cycle.

Provide expertise to ensure tax accounting and tax accruals are accurate and recorded appropriately in British Council Nigeria entities.

Responsible for preparation and filing of Corporate income tax returns which are accurately prepared and filed on a timely basis.

Develop and prepare tax correspondence and documentation to support the Nigeria entities’ tax compliance checks / reviews.

Develop continuous technical skills by remaining up to date on trends, new developments and tax authority decisions and applying those learnings to improve British Council tax compliance, suggest policies that diminish tax burden, etc.

Interpret and implement new tax rules / amendments and train Financial Control, Financial Planning and Analysis, Commercial Finance and Risk & Compliance Teams on the new rules and processes required.

Identify opportunities for proactive tax planning.

Chase for the payment of long overdue accounts by sending follow-up emails to the Accounts payable contacts in SSC, and the various branches and subsidiaries

Identify / review and resolves invoicing issues.

Generate the cost centre / WBS balances for recharge for the period and prepares draft of the invoices for approval by Senior Financial Accountant or Country Head of Finance.

Validate dispute by checking the records and supporting documents for accuracy.

Identify / review and resolves invoicing issues

Collaborate with the Senior Financial Accountant in the monthly cash forecast process

Serves as the Nigeria intermediary for all branch and subsidiary related matters

First point of contact for all Intercompany related matters / queries for Nigeria

Collaborate with Shared Services Centre (SSC) intercompany team to achieve improved delivery, support services, and learning.

Receives bank statement and matches payment details against open invoices for clearing by SSC.

Verify and review details of intercompany requests submitted for / against Nigeria entities

Determine appropriate Intercompany accounting details (e.g. GL accounts, Cost Centres, Transaction Type, Tax Code, Plant Code, etc.), when required

Park intercompany account journal entries and submit recharge / billing requests on the Intercompany Portal (ICO Portal).

Monitor pending Intercompany requests on the ICO portal and follow up relevant parties who need to action such requests.

In conjunction with SSC ICO team, support preparation of recurring entries’ accruals

Ensure timely expense recognition for year-end Intercompany related accruals

In collaboration with the GL Accountant, perform preliminary and final Intercompany reconciliations for all branches and subsidiaries

Ensure that the approach to tax and intercompany accounting within the Finance function is fit-for-purpose and able to respond promptly to changes in the portfolio and operating context.

As with any business that experiences peaks and troughs of activity, there is likely to be a need to work outside office hours from time to time.

Required profile for job ad : Tax & Intercompany Accountant - Nigeria

Role specific knowledge and experience :

The successful candidate will need to possess the following requirements :

Qualified accountant ACA, ACCA

Bachelor’s degree

4 years progressive experience in middle management tax finance roles, including tax reporting, tax compliance, tax accounting in a in a multi-jurisdiction / international environment.

Successfully completed bachelor’s degree plus professional qualification (ACA / ACCA, and CITN).

Experience in dealing with Tax Authorities.

In depth experience and technical knowledge of tax accounting and disclosures for accounting purposes, including deferred tax, prior year adjustments and multiple years, etc.

Experience in managing and reconciling intercompany transactions.

Proficiency in Microsoft Excel

Desirable

Master’s degree

CFA, CGMA, CIMA

Previous work in the similar sector is an added advantage.

Experience building capabilities and capacity of a function in high growth organizations including multi-jurisdictional and multi-currency environments.

Experience in presenting reports and recommendations to senior leadership team

Ability to assess risks and exercise judgment in making important decisions.

Strong interpersonal skills with demonstrated experience collaborating with cross-functional teams and engaging with a range of stakeholders.

Experience of an ERP system (SAP preferably)

Pay band : 6

Salary : NGN 9,185,747 PA

Contract type : Indefinite

Alternative locations the role could be based : Lagos / Abuja Nigeria

Department : Finance

Essential Requirements

Role holder must have existing rights to live and work in the country the role is based.

Candidates who have been declined for this role are unfortunately ineligible from applying again.

Closing Date 23 June 2022 applications will close 23 : 59 South Africa Time

A connected and trusted UK in a more connected and trusted world.

Equality Statement

The British Council is committed to a policy of equality and to valuing diversity and is keen to reflect the diversity of the societies in which we work at every level within the organisation.

We welcome applications from all sections of the community. We aim to abide by and promote equality legislation by following both the letter and the spirit of it to avoid unjustified discrimination, recognising discrimination as a barrier to equality of opportunity, inclusion and human rights.

All staff worldwide are required to ensure their behaviour is consistent with our policies.

The British Council has Disability Confident Employer Status. We offer a guaranteed interview scheme for disabled applicants who meet the essential criteria for the role.

Applicants are encouraged to highlight any specific requirements or adjustments needed to enable participation in the recruitment process.

The British Council is committed to safeguarding children, young people and adults who we work with.

We believe that all children and adults everywhere in the world deserve to live in safe environments and have the right to be protected from all forms of abuse, maltreatment and exploitation as set out in article 19, UNCRC (United Nations Convention on the Rights of the Child) 1989.

Appointment to positions where there is direct involvement with vulnerable groups will be dependent on thorough checks being completed;

these will include qualification checks, reference checks, identity & criminal record checks in line with legal requirements and with the British Council’s Safeguarding policies for Adults and Children.

Please note : Applications to this role can only be considered when made through the Apply section of our careers website.

Our ASK HR’ email is only to be used in case of a technical issue encountered when applying through the careers website.

Emails with supporting statements and CV / Resumes sent to this email address will not be reviewed and will be deleted.

Job criteria for job ad : Tax & Intercompany Accountant - Nigeria

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