Siemen Nigeria - Tresury/Tax Officer

Siemens has been active in Nigeria since 1950. The Nigerian Content Development and Monitoring Board designated Siemens an original equipment manufacturer (OEM), leading to the award of the Nigerian Content Certificate, a key requirement for bidding and winning contracts in Nigeria’s oil and gas industry. Siemens signed a memorandum of strategic collaboration and partnership with the Nigerian Federal Government. The company has built two major power plants in Nigeria and supplied and installed more than 100 small gas turbines and compressors in onshore and offshore oil and gas facilities.
Job Title: Site Stores and Materials Manager

Req ID: 155134

Location: Lagos

• Generate withholding tax deduction from the Vendor General Ledger Account and prepare withholding tax schedules for both Federal Inland Revenue Service (FIRS) and States Internal Revenue Service on monthly basis. Process and monitor the payments and distribute withholding tax credit notes to the respective beneficiaries and ensure that a copy is kept for our record.
• Generate Input VAT for the month and  get the description and cost centre in Spiridon to classify Input VAT into recoverable and unrecoverable input VAT to prepare Journal voucher to book the unrecoverable input VAT
• Generate the turnover for the month from Spiridon and confirm turnover figure.  Identify the customer that deduct VAT at Source and take 5% as VAT deducted at Source for the month per cost center.  Liaise with the Business Units for classification
• Prepare the summary to determine whether payable or refund position for approval and take the signed VAT Form together with the signed summary to FIRS for stamping
• Compute forecasted/Actual tax expense in SITAX, tax reporting tool, monthly.
• Monitoring of PAYE and other statutory deductions to ensure that remittances are made as at when due and Reconciliation of PAYE General Ledger Account
• Liaise with Price WaterHouse Coopers (PWC) and Business Units on Transfer Pricing Documentation requirements and ensure that documents required for the documentation are forwarded to PWC.
• Prepare tax risks reporting quarterly and forward to the Cluster.
• SITAX TRP: Input Balance Sheet items (Assets and Liabilities) and P & L items into SiTax
• BUDGET: Compute forecasted tax expense yearly.
• Receive partly filled Application Form for Tax Clearance Certificate from our Tax Consultant and send signed application form processing
• Co-ordinate tax audit exercises from various tax authorities yearly and Attend to tax queries/ Tax Audit Reconciliation Committee (TARC) meetings
• Prepare and maintain insurance schedules and ensure timely renewal; Pursue and obtain timely settlement of all valid insurance claims and liaise with insurance brokers on the insurance needs of company.
• Processing of travel insurance for staff
• Processing of guarantee request received from BU and ensuring that all guarantee are maintained on GREAT tool. On monthly basis reconcile report on GREAT with guarantee report from our bankers and Liaising with our bankers to ensure prompt delivery of quality services to meet our various financial challenges
• Monitoring of the Bank Receivable interim account to ensure prompt clearing of outstanding items, ensure that open items in Foreign vendor account are cleared immediately payment is effected / booked.
• Advisory role on treasury related matters to BU; monitoring of our bank balances on a daily basis to ensure proper funding of our account
• Preparation of monthly cash flow forecast.  Settlement of foreign deal with banks, liaising with bank on foreign hedging and signing of facilities
• Monitoring of our various TRE approval to ensure prompt renewal thus preventing exception triggers; Ensuring that our banking activities / relationship align with Siemens global directives by proper filing of documents.
• Send report on quarter basis to cluster on guarantee and pension

Application Closing Date: 26th December, 2013

Job Type: fulltime
Required Experience: 1-3 year(s)