Senior Manager, Tax Management at Food Concepts Plc

Full Time Jobs

Nigeria

Posted 3 years ago

Food Concepts commenced operations in 2001. From inception, our aim has been clear-cut and focused: to revolutionize the food sector in West Africa and to deliver extraordinary satisfaction to our stakeholders.

Since launching in 2004, Chicken Republic (Subsidiary of Food concepts) has already opened 55 stores in Nigeria and Ghana. On this basis, we are proud of the brand’s hard-earned reputation as the fastest growing chicken QSR in West Africa and the number 1 chicken QSR in Nigeria (both in revenues and number of outlets). In addition, Chicken Republic was ranked as one of Nigeria’s top 20 brands across all categories (Financial Standards Awards 2009).

We are recruiting to fill the position below:

Job Title: Senior Manager, Tax Management

Requisition ID: 860
Location: Nigeria
Employment Type: Full-time
Grade Level: 8
Reports to (Title): Head of Finance
Department: Finance Department
Direct Reports: Tax Associate

Job Purpose

To keep the business abreast with and compliant with state and all tax regulations and develop policies for dealing with tax related issues. The job holder must be up to date with emerging tax laws and trends and advises the Company on how to manage tax burdens.

Core Responsibilities and Key Result Areas
Strategic Planning and Alignment:

Lead the implementation of the strategic Tax plan for the Company
Assist the Company to make rational tax decisions and maximize tax engagements.
Develops procedures, schedules, priorities and programmes for achieving Tax objectives and goals
Communicating Tax findings effectively through professionally designed Tax reports
Prepare financial tax provisions for the Company, and preparing the consolidated Federal and State tax returns periodically

Tax Management:

Prepares and files annual and periodic tax returns, whilst ensuring the business is not exposed to tax risk
Keep abreast of relevant updates regrading financial reporting framework and tax regulation whilst advising the business on a need basis.
Oversee the process of tax computation, Capital Allowance Computation and obtaining certificates of acceptance.
Fulfill the Company’s tax obligations in a timely fashion, as well as assisting them to file for their tax returns.
Coordinate the activities of the tax department
Ensure that the department renders quality tax services to business divisions
Extend advisory services to individuals and businesses
Ensure that Company’s tax dealings are in compliance with laid down tax laws
Prepare tax reports, correspondence, and research memoranda
Assist or advice the company on how to avert task risks
Assist or advice the company on how to manage tax burdens
Identify factors that may lead to tax risks
Carryout research on new tax laws and trends
Work closely with the staff and managers of other key departments
Network with other professionals in the field to remain up to date with changes in tax laws and trends
Provide tax data for Business divisions and third party professionals

Reporting and Supervision:

Plan, assigns and supervises audit staff
Implement Tax operations
Plan, schedule, coordinate, review and report on the work of Tax staff

Key Performance Indicators:

Timeliness on monthly reports.
Timeliness of tax filling
Rate of compliance with internal controls on regulatory filings
Non-exposure of company to tax risk
Accuracy of financial report
Rate of increase in business productivity and profitability

Job Specifications

A good First Degree in Accounting, Economics or Finance
Minimum of 8 years in a core financial/Tax Operations capacity
Possession of a Post graduate degree in Accounting /Business Administration or related field is an added advantage
Membership of CITN, ICAN, CFA or any other related professional qualification is required.

Knowledge Requirements:

Knowledge FIRS and GAAP
Knowledge of SEC and FRCN rules
Knowledge of Tax regulations
Knowledge of the money market
Knowledge of the Food/QSR Industry processes

Decision Expectations:

Recommend operational, strategic and financial decisions
Enforce agreed decisions
Gives recommendations and makes investment decisions
Provide information to auditors
Ensures accurate financial reporting
Analyse income, expenses and reconcile accounts

Working Conditions:

Job holder typically work 40 hours per week, Monday to Friday, although some roles may involve weekend or evening work.
This role is largely office-based, although at times the job may require travel to meetings held off-site, as the company has more than one office; or speaking on the phone which leaves their analysis and research work for evenings and weekends.
Job holder is frequently under stress from deadlines, most analysts work full-time, and overtime becomes a routine.

Internal Contacts (most frequent contacts):