Job Description
The Tax Manager plays a pivotal role in overseeing the Bank’s tax operations across RMB Nigeria, its subsidiaries, and associated entities, ensuring full adherence to Nigerian tax legislation and regulatory standards. This position is tasked with enhancing the Bank’s tax efficiency, identifying opportunities to strengthen its tax position, and actively mitigating tax-related risks. Additionally, the Tax Manager acts as the key liaison between the Bank and tax authorities, as well as external tax advisors, facilitating seamless communication and collaboration.
Oversee and execute a comprehensive range of duties to ensure operational excellence and organizational success. Develop and implement strategic plans to enhance productivity, efficiency, and overall performance. Collaborate with cross-functional teams to align initiatives with company-wide objectives and foster a culture of innovation and continuous improvement. Monitor key performance indicators to identify trends, mitigate risks, and drive data-informed decision-making. Serve as a liaison between departments to streamline communication, resolve conflicts, and optimize workflows. Ensure compliance with industry regulations, internal policies, and best practices to maintain high standards of quality and accountability. Provide mentorship and guidance to team members to cultivate talent, enhance skills, and promote professional growth.
The ideal candidate will undertake the following duties and responsibilities:
Ensures adherence to tax regulations and facilitates precise financial reporting in accordance with statutory requirements. Collaborates with cross-functional teams to gather, review, and validate tax-related data, ensuring accuracy and completeness of submissions. Maintains up-to-date knowledge of evolving tax laws and guidelines to mitigate risks and optimize compliance strategies. Prepares and files tax returns, including income, sales, payroll, and other applicable taxes, while ensuring timely submissions to avoid penalties. Conducts thorough reviews of tax filings to identify discrepancies or potential audit triggers, implementing corrective measures as needed. Assists in tax planning initiatives to enhance efficiency and minimize liabilities within legal frameworks. Provides guidance to stakeholders on tax implications of business decisions and transactions, fostering informed financial planning.
Oversee the prompt preparation, submission, and remittance of all mandatory statutory taxes, including Corporate Income Tax (CIT), Value-Added Tax (VAT), Withholding Tax (WHT), Stamp Duties, Capital Gains Tax (CGT), and other applicable levies.
Compile and verify annual tax computations and statutory filings to ensure accuracy and compliance with regulatory standards.
Responsible for managing tax accounting, provision calculations, and financial disclosures in compliance with International Financial Reporting Standards (IFRS).
Ensure adherence to the provisions of the Bank and Other Financial Institutions Act (SOFIA), Central Bank of Nigeria (CBN) directives, and applicable regulatory frameworks.
Develops and maintains robust governance frameworks to ensure compliance with transfer pricing regulations and policies. Oversees the strategic alignment of intercompany pricing practices with global tax objectives, mitigating risks associated with non-compliance. Collaborates with cross-functional teams to implement and review transfer pricing methodologies, documenting policies and procedures in alignment with OECD guidelines and local tax laws. Analyzes financial data to assess the efficacy of current transfer pricing structures and recommends adjustments to optimize tax efficiency while adhering to regulatory standards. Leads audits and documentation reviews to support transfer pricing positions and defend against potential disputes with tax authorities.
Ensure the accurate implementation of transfer pricing methodologies according to regulatory standards and organizational policies.
Coordinate the preparation and submission of Transfer Pricing Local and Master Files.
Serve as the primary liaison for transfer pricing audits and reviews, ensuring seamless communication and coordination throughout the process.
Thoroughly examine intercompany agreements to verify adherence to arm’s length principles in compliance with applicable regulations.
Experts in tax planning and advisory deliver strategic guidance to optimize tax efficiency for individuals and businesses alike. They assess financial circumstances, identify opportunities for deductions and credits, and ensure strict adherence to evolving tax regulations. With deep knowledge of local, state, and federal tax laws, these professionals develop customized strategies to minimize liabilities while maximizing compliance. Strong analytical skills, attention to detail, and the ability to communicate complex tax concepts clearly are essential for success in this role.
Evaluate potential tax planning strategies to enhance the overall tax efficiency of the organization.
Offer strategic guidance on product development, transactional matters, and organizational initiatives.
Stay abreast of updates to tax legislation as they unfold.
Provide strategic guidance to leadership regarding potential tax risks and effective mitigation approaches.
Conduct tax audits and serve as a liaison with regulatory bodies.
Oversee and administer tax audits and investigations with diligence and precision.
Serve as the principal point of contact for regulatory bodies and external advisors, facilitating communication and coordination to ensure compliance and alignment with organizational objectives.
Respond to regulatory inquiries in a timely and organized manner, ensuring all requests are addressed comprehensively and in accordance with established guidelines.
Oversee tax dispute resolution processes and ensure accurate reconciliation of tax accounts.
This role is responsible for ensuring the integrity and effectiveness of internal controls and governance frameworks within the organization. Key responsibilities include designing, implementing, and monitoring robust control systems to mitigate risks, enhance compliance, and safeguard company assets. Additionally, the position involves assessing governance structures, recommending improvements, and supporting audit functions to maintain transparency and accountability. The ideal candidate will possess strong analytical skills, a deep understanding of regulatory requirements, and the ability to collaborate across departments to drive operational excellence and risk management initiatives.
Ensure robust tax control measures and adherence to compliance procedures are consistently upheld.
Prepare audits by furnishing precise tax-related data and documentation.
Maintain accurate tax records and establish comprehensive audit trails to ensure compliance and transparency in all financial transactions.
Assess potential tax risks and communicate findings promptly.
The role requires adept management of stakeholders and cross-functional teams to ensure alignment with organizational objectives and project goals. Responsibilities include fostering collaborative relationships, addressing diverse stakeholder needs, and facilitating effective communication to drive consensus and resolve conflicts. Strong interpersonal skills, negotiation abilities, and a proactive approach are essential to maintain productive team dynamics and meet deliverables efficiently.
Work alongside various business units to foster alignment and achieve shared objectives.
Build and maintain strategic partnerships with external consultants and audit professionals to facilitate seamless collaboration and ensure adherence to best practices.
Deliver tax-related outputs promptly and reliably, ensuring all deadlines are consistently met.
Seeking a candidate with a solid background and the necessary credentials to excel in this role. The ideal applicant will possess relevant work experience and meet all specified qualifications essential for success. This position requires a proven track record in the field, along with the educational and professional prerequisites outlined for the role.
We are seeking a candidate with a strong academic background and relevant professional certifications to ensure compliance with industry standards and regulatory requirements. The ideal applicant will hold an advanced degree in a specialized field, supplemented by recognized professional qualifications that demonstrate expertise and commitment to ongoing professional development.
A Bachelor’s degree in Accounting, Finance, Economics, or a closely related field is required.
Professional certification in accounting, such as ICAN, ARCA, CITY, or an equivalent qualification, is required.
A master’s degree is considered a valuable asset in this role.
Experience
Requires 7 to 10 years of progressive tax expertise, including demonstrated leadership in managing tax-related functions.
Banking and financial services experience is highly desirable.
Proven track record in managing engagements with tax authorities.
Demonstrates proficiency in key operational, technical, and interpersonal skills essential for the role. Exhibits strong analytical abilities to interpret complex data and make informed decisions. Maintains adaptability in dynamic environments, effectively managing shifting priorities and challenges. Collaborates seamlessly across teams, fostering clear communication and alignment toward shared objectives. Upholds ethical standards and professional integrity in all interactions and decision-making processes. Possesses a commitment to continuous learning and professional development to stay current with industry advancements.
Demonstrates a comprehensive understanding of Nigerian tax legislation and regulatory frameworks.
Proficiency in International Financial Reporting Standards (IFRS) and tax accounting principles is required.
Proficiency in utilizing e-tax platforms, such as Tax Pro Max, is required.
Individuals should possess exceptional analytical capabilities alongside the ability to articulate ideas clearly and effectively.
Demonstrates proficiency in critical competencies essential for success in the role, including advanced analytical skills, strategic problem-solving capabilities, and effective communication to collaborate with cross-functional teams. Exhibits adaptability in dynamic environments, a commitment to continuous learning, and a results-driven mindset to achieve organizational objectives. Maintains a high level of professionalism, integrity, and accountability while prioritizing tasks and managing competing deadlines efficiently.
Regulatory compliance and risk management encompass ensuring adherence to applicable laws, regulations, and internal policies while proactively identifying, assessing, and mitigating potential risks to the organization. This role involves developing and implementing robust frameworks to maintain compliance, conducting thorough risk evaluations, and devising strategies to minimize exposure to financial, operational, or reputational risks. Responsibilities include monitoring regulatory changes, performing audits, and collaborating with stakeholders to enforce compliance measures and enhance risk mitigation practices.
Strategic thinkers excel at developing and executing innovative solutions that drive long-term organizational success. They possess the ability to analyze complex business challenges, identify emerging trends, and align resources to achieve strategic objectives. These professionals leverage data-driven insights to inform decision-making, foster collaboration across departments, and implement forward-thinking initiatives that enhance competitiveness and growth. Proven experience in strategic planning, market analysis, and cross-functional leadership is essential, along with exceptional communication skills to articulate vision and inspire teams.
Effectively overseeing relationships with key stakeholders, this role involves identifying, engaging, and aligning their interests with organizational objectives. Requires strong communication skills to articulate goals, resolve conflicts, and ensure transparent information flow. Must collaborate across departments to gather insights, address concerns, and foster trust. Demonstrated experience in stakeholder engagement, negotiation, and problem-solving is essential. Ability to balance competing priorities while maintaining positive relationships is critical. Familiarity with various industries and regulatory environments is advantageous.
Dynamic leadership is essential for guiding teams toward achieving organizational goals. The ideal candidate will inspire and motivate employees, fostering a collaborative and high-performance culture. They will oversee projects, delegate responsibilities effectively, and ensure alignment with company objectives. Strong communication skills are required to convey vision, provide feedback, and resolve conflicts. Additionally, the ability to make strategic decisions under pressure and adapt to changing circumstances is critical. Prior experience in a leadership role and a proven track record of driving results are mandatory.
We require individuals who demonstrate a strong commitment to ethical standards and maintain a professional demeanor in all aspects of their work. Candidates must exhibit unwavering honesty, accountability, and respect in their interactions, ensuring adherence to organizational values and industry regulations. Professionalism will be reflected through punctuality, appropriate communication, and a proactive approach to resolving challenges while upholding the highest standards of conduct.
We encourage prospective candidates to utilize the method of application outlined below to submit their materials. Applicants must adhere to the specified submission guidelines to ensure their materials are properly considered for review. The chosen method is designed to streamline the hiring process and facilitate efficient communication between candidates and the hiring team. Ensure all required documents and information are included to avoid delays in processing your application.
To submit your application, please utilize the provided link(s) on the company’s official website.
Qualifications
BA/BSc/HND , MBA/MSc/MA , Professional Certificate
Experience Required
7 - 10 years
