MANAGERIAL: Approval of Financial Invoice for Payment; AOCB; GLMS; OTS;
ADVISORY: Providing Budget guidelines and Advising the Budget Holders and Activity Executors on Policies- Service Entry/Purchase Order, Cost Control and Optimality;
REVIEW: Reviewing Transactions Listing, Cost and Utilization of Budgets, Performance and Variance Analysis;
CONTROL: Controlling Cost, Cost Centers, Non-Budgeted Expenditures, Realignment of Budget and Releasing of Budgetary Allocation.
DEFENCE: Providing Budget and Expenditures Defence at the Development Committee (DEVCOM);
INFORMATION: Providing Expenditures and Budget Information for Management Use.
JOURNALS: AOCB Expense Retirement and Chargeback; Raising and Posting of Journal Vouchers to correct allocation and transaction errors.
OTHERS: Other Financial Budget Management roles as may be assigned by the Business Finance Manager.
PAYE, VAT, WHT, CIT etc Computation and Tax Remittance Management for Clients;
Investigating and Confirming Clients Tax Payment to Relevant Tax Authorities;
Procurement of Tax Clearance Certificates (Corporate & Individual) and Fixed Asset Certificate (for Capital Allowance claims) for Clients
Facilitating Training and Manpower Development Program for Clients.
Clients Accounts Payables and Receivables Management;
Tax Credits Management for Clients;
Setting up of a good Archival and Accounting System for Clients
Resolving Clients Tax dispute with Relevant Tax Authorities (FIRS, SIRSs and LGRCs).
>Computing, Paying and Monitoring of Statutory Remittances of the Bank: PAYE, Income Tax, VAT, WHT, CGT and Other Taxes, Levies and Fees.
>Reviewing of Business Transactions and Vendors Invoices for Statutory/Tax deductions and Remittances;
> Interfacing with Government (Federal, States & Local) Revenue Boards/ Tax Consultants on Statutory Remittance/ Tax Audit Matters-Assessment, Filing Objections, Tax Audit Reconciliations etc.;
>Supervising the Branch Heads of Operations on the Branch Statutory Deductions and Remittance Matters;
>Supervising the Periodic Filing of Remittance Returns to the Relevant Tax Authorities and Processing of Tax Clearance Certificates-Corporate and Individual Staff;
> Investigation and Re-classification of General Ledger Accounts;
>General Accounts Preparation, Ledger Review and Maintenance
>Vendors Invoice and Withholding Tax Credit Note Management.
Preparing and Managing Clients Pay As you Earn (PAYE) monthly tax report for both Expatriates and local staff, file such returns after advising the client on the amount to pay and cheques raised.
Obtains monthly transaction details for both Withholding Tax payable and Value Added Tax, preparing the withholding tax and Value added tax returns and advise the client on the amount to pay to both Federal governments incase of VAT and WHT deductions from limited liability companies and state government ( in case of ventures), enterprise and individuals.
Carrying out Tax payment on clients behalf and following up on collection of receipt from various location (such Bayelsa, Delta, Lagos, Rivers, Akwa-Ibom , Cross Rivers etc).
Conducting a vivid tax payment verification exercise for Schlumberger and Noble drilling Nigeria Limited in Bayelsa, Delta, Lagos, Rivers, Akwa-Ibom , Cross Rivers States etc to ensure tax paid directly by client gets to the appropriate tax authority.
Collecting details of deductions of Withholding tax receivables for clients, systematically follow up to ensure that such deductions are remitted to the government and also follow up on collection of withholding tax credit note from companies which are then used to apply and obtain tax credit on client’s behalf.
Reconciling accounts for clients to ensure that balances on each account code agree with the balance sheet balances and detailed explanation given for any variance.
Processing Tax Clearance certificate for clients both from state and federal government after ensuring that all necessary returns have been filed.