Job Description
Duties & Responsibilities
- Remittance of monthly withholding tax on contract for the Bank.
- Review of remittance of internally generated taxes (VAT, WHT & PAYE) by branches and head office departments in line with laid down procedures.
- Participate in review, computation, filling and remittance of company income tax returns.
- Ensure timely filling of Income Tax Self-Assessment for the Bank.
- Review of response to inquiries on tax matters by various tax authorities and staff.
- Participate in various states’ tax audit and FIRS audit.
- Conduct test for adequacy of taxes deducted on transactions.
- Ensure timely preparation of tax clearance certificate for both staff and the Bank.
- Exposure of the bank to penalty by FIRS for non-rendition or under remittance of taxes.
- Exposure of the bank to sanctions/penalty for late rendition or payment of incomes taxes.
- Non - compliance with tax returns may lead to image problem.
Job Requirements
Education:
- Minimum Education: B.Tech, ACA
- Proficiency in the use Ms Word & Ms Excel.
Experience:
- Minimum experience: 2 years.
Key Competency Requirements:
Knowledge:
- Professional accounting qualification such as ACCA, ACA, CPA or its equivalent plus at least six years post Qualification years’ experience, with relevant / specific banking experience.
- Broad understanding of banking practice.
- Sound knowledge of Generally Accepted Accounting Principles and IFRS Accounting Policy.
Skill / Competencies:
- Good interpersonal and communication skills.
- An eye for detail and accuracy with a strong analytical capability.
- High level of computer literacy is required.