Group Head, Internal Control / Tax and Compliance at HR-EX Consulting

HR-EX Consulting partners with small businesses looking for affordable HR professional advisory and services. In practice, we operate as an outsourced HR department and provide professional HR services for small businesses for a fraction of the cost of hiring a full-time staff.

We are recruiting to fill the position below:

Job Title: Group Head, Internal Control / Tax and Compliance

Location: Lagos
Employment Type: Full-time

Overview of the Job Role

• The Group Head Internal Control/Tax and Compliance is a senior-level position responsible for overseeing and managing the internal control, tax, and compliance functions within a group of companies or an organization.
• This role entails providing strategic direction, ensuring adherence to laws and regulations, and mitigating risks related to internal control, tax, and compliance.
• Here are the typical roles and responsibilities associated with this position:

Key Responsibilities
Develop and Implement Internal Control Policies:

• Establish and implement internal control policies and procedures across the group of companies.
• Design and maintain an effective internal control framework to mitigate risks and ensure compliance with laws, regulations, and company policies.
• Monitor the implementation of internal control measures and assess their effectiveness.
• Conduct periodic reviews and audits to identify control gaps and recommend improvements.

Tax Planning and Compliance Management:

• Develop and oversee tax planning strategies to optimize tax efficiency and minimize risk for the group.
• Ensure compliance with tax laws and regulations at local, regional, and national levels.
• Review and approve tax returns, ensuring accuracy and timeliness of submissions.
• Stay updated with changes in tax laws and regulations and provide guidance to the organization on their impact.
• Coordinate with external tax advisors and tax authorities during tax audits and inquiries.

Compliance Monitoring and Reporting:

• Monitor and ensure compliance with relevant laws, regulations, and industry standards across the group.
• Conduct regular compliance audits and risk assessments to identify potential violations and areas for improvement.
• Prepare compliance reports for senior management and regulatory authorities.
• Monitor and report on compliance-related activities, investigations, and remediation actions.
• Implement compliance training programs to educate employees on regulatory requirements and ethical standards.

Risk Management:

• Identify and assess risks associated with internal control, tax, and compliance functions.
• Develop risk management strategies and controls to mitigate identified risks.
• Monitor and report on risk-related activities and incidents to senior management and relevant stakeholders.
• Provide guidance and support to business units on risk management processes.

Stakeholder Collaboration and Communication:

• Collaborate with internal stakeholders such as finance, legal, and human resources to ensure a coordinated approach to internal control, tax, and compliance.
• Act as a key point of contact for external stakeholders, including auditors, tax authorities, and regulatory bodies.
• Communicate effectively with senior management, board of directors, and other stakeholders on internal control, tax, and compliance matters.

Policy Development and Implementation:

• Develop and implement comprehensive internal control, tax, and compliance policies across the group.
• Ensure policies are aligned with relevant laws, regulations, and industry standards.
• Regularly review and update policies to reflect changes in the regulatory landscape and business requirements.

Team Management and Leadership:

• Build and lead a high-performing team responsible for internal control, tax, and compliance functions.
• Provide guidance, mentoring, and development opportunities to team members.
• Set departmental goals, establish performance metrics, and evaluate team performance.
• Foster a culture of compliance and ethics throughout the organization.

Continuous Improvement:

• Stay abreast of industry trends, best practices, and changes in laws and regulations related to internal control, tax, and compliance.
• Continuously evaluate and enhance internal control processes, tax strategies, and compliance programs.
• Implement automation and technology solutions to improve efficiency and effectiveness in internal control and compliance processes.

Qualifications Required

• Bachelor's Degree in Economics, Finance, or a related field
• 5+ years of experience working as a Tax Compliance Manager or in a similar position
• Knowledge of accounting principles, financial data, and analytics
• Strong grasp of risk mitigation practices and governance frameworks
• Completion of IRS training program
• Advanced analytical and problem-solving skills.

Application Closing Date
Not Specified.