Tax Analyst at Rainoil Limited

Rainoil Limited is an integrated downstream oil and gas company. A prominent player in the Nigerian industry, the company’s operations span across the downstream value chain i.e. Petroleum Product Storage, Haulage/Distribution and Retail Sales. Our primary products include Petrol (PMS), Diesel (AGO) and Kerosene (DPK).

We are recruiting to fill the position below:

Job Title: Tax Analyst

Location: Lagos
Job Schedule: Full-time

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

Responsibilities
Tax Compliance:

• Analysing 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.

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.

Requirements:

• 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.

Application Closing Date
12th December, 2024.