Tax & Fixed Assets Accountant at Adexen Recruitment Agency

Adexen Recruitment Agency is mandated by a leading oil and gas (downstream) company to recruit Tax & Fixed Assets Accountant for their operations in Lagos.

Our client is one of the largest and leading marketer of refined products, including quality gasoline, marine and aviation fuels in the downstream industry in Nigeria

Full description

Tax & Fixed Assets Accountant is responsible for preparing Federal, State and local tax returns for the company. The position is also responsible for maintaining accurate records of fixed assets in service and out of service; recording asset additions and disposals; calculating resulting gains and losses; tracking asset movements and attributes; establishing appropriate depreciation; resolution of discrepancies between the fixed assets module of SAP and other related modules.

Monthly Federal, State, Local Tax Returns and Compliance

Prepare monthly Federal, State, or local tax returns for business establishments. The returns - PAYE, WHT, Corporation tax, ITF, etc - are to be filed by due dates to avoid penalties.Provide information and coordinate with the consultants for outsourced tax work, on the preparation and filing annual preparation of individual annual tax returns for the company’s expatriates.Ensure that the company’s establishments and any others as may be advised to you from time to time reported in SAP complies with periodic tax payment, information reporting, and other taxing authority requirements – IFRS, LIRS, ITF.Follow up with Treasury, verify and book monthly interest income after accounting for withholding tax. Follow up for WHT certificates for offset/recovery against income tax obligations within the financial year and before year-end tax returns for the period are filed with the tax authorities

Fixed assets transactions processing and Tax accounts reconciliations

Perform the day to day processing of fixed assets transactions to ensure that the company’s books are up to date and accurate with such transactions.Monitor asset movements as visible in other portions of SAP e.g. purchase orders, general ledger, etc and adjusting the fixed asset records accordingly.Promptly liaise and coordinate with the Administrative Unit on fixed assets issues and ensure that disposals of assets of assets and write offs are promptly and properly accounted for in the company’s booksCreate fixed assets internal orders and generate numbers for the Procurement Unit to use in creating purchase orders.Prepare monthly analysis and reconciliation of all balance sheet accounts allocated to you (including fixed assets) for all the company’s entities by the due dates, but not later than the 20th of the following month

Tax & fixed assets process improvement, Year and Month end closing

Roll out training and communication on taxation and the procedures to ensure that all affected employees across the company do what is required in order for the company to comply with the tax lawsEnsure established policies and procedures are being followed by all company organizations and recommend, implement new policies and procedures or improvements to existing policies and procedures.Timely completion of month and year end closing tasks by due dates as set in the closing time-tables and checklistsMonthly settling of balance in Assets Under Construction (AUC) accounts to Fixed Assets Proper accounts. Record fixed asset acquisitions and dispositions in SAP.Complete fixed asset accounting and prepare related journal entries per agreed-upon close timelines.Run monthly depreciation and amortization charge for all the company’s fixed assets, tangible and intangible.
A good Degree in Business or Finance/Accounting educationICAN/ACCA with understanding of IFRS Principles preferred2-4 years experience in accounts payable and general ledger accounting preferredAt least two years experience in handling tax issues in a major company in Nigeria.Good knowledge of Nigeria Tax Laws – corporate and personal income tax laws and is current with the recent changes in the lawProficient in Micro soft office with specifics in the use of Excel, outlook, PowerPoint, etc)Strong ethics, integrity and sound, logical judgementSelf-starter with high energy levelExperience and ability to promote a team environment.

 Attractive package