Tax Analyst at Rainoil Limited

Job Description

The role is Tax responsible for managing and ensuring compliance with the Nigerian tax regulations, international tax laws, and the specific tax requirements of the oil and gas industry. The role will involve tax research, preparing tax returns, assisting with tax audits, and implementing tax strategies to optimize the company\'s tax position.

Key Responsibilities:

Tax Compliance

• Analyzing taxes and collaborating with other departments to ensure compliance with local and national tax laws .
• Prepare returns and review documents, check for accuracy and completion .
• Manage compliance with industry-specific taxes, such as Petroleum Profits Tax (PPT) and royalties.

Tax Planning and Strategy :

• Suggesting and implementing strategies for tax efficiency in respect of capital investments and transactions .
• Assist with tax forecasting and budgeting, and work to minimize the company’s tax liabilities while ensuring compliance .

Audit and Reporting :

• Assist in tax audits and respond to tax authorities on audit-related queries and reconciliations .
• Ensure filing of tax audit documents and timely processing of required tax reports .
• Monitor tax legislation changes and assess their impact on the company .

Collaboration and Support :

• Work closely with the finance and accounting teams to reconcile tax accounts and ensure accurate financial reporting .
• Collaborate with other business units to provide guidance on tax implications of contracts, agreements, and joint ventures .

Tax Advisory :

• Provide advisory opinion on tax risks and opportunities within the oil and gas sector .
• Ensure compliance with Nigerian Local Content Development requirements where applicable.

Key Skills and Competencies:

• Strong knowledge of Nigerian tax laws, including those specific to the oil and gas industry (e.g., Petroleum Profits Tax).
• Familiarity with tax treaties, international tax practices, and transfer pricing.
• Experience with tax audits and dispute resolution with tax authorities.
• Strong analytical skills and attention to detail.
• Proficiency with tax reporting software and Microsoft Excel.
• Excellent communication and problem-solving skills.

Qualifications:

• Bachelor’s degree in accounting, Finance, Economics, or a related field .
• Relevant professional certifications (e.g., ICAN, ACCA, CITN) preferred.
• 2+ years of experience in tax analysis, ideally within the oil and gas or energy sectors .
• Familiarity with Nigerian tax regulations and FIRS processes.