Treasury and Tax Manager at Egbin Power Plc

Job Title: Treasury and Tax Manager | Egbin Power Plc | Location: Ikorodu, Lagos | Job Type: Full Time

Job Summary

  • To manage liquidity and cash flow ensuring business needs are met in a cost-effective and prudent manner.

Key Duties & Responsibilities

  • Manage and oversee funds requests, transfers and payment processing, and relationship management.
  • Establish processes and frameworks for managing liquidity and risk.
  • Implement liquidity, risk management processes and frameworks
  • Develop and implement strategies to meet short, medium, and long-term financing needs ensuring alignment with the organization’s goals and objectives.
  • Recommend strategies for raising necessary funds to facilitate the realization of operational and corporate objectives.
  • Ensure judicious management of the organization’s liquidity to meet all likely contingencies within established risk limits.
  • Oversee the preparation of cash forecasts and manage cash flows/cycles ensuring availability of adequate funds to meet daily operational requirements.
  • Oversee the validation of all supplier and vendor payments and ensure that all requests for payment are supported with valid supporting documents in line with the organization’s financial policies.
  • Oversee the disbursement of cash ensuring compliance with defined policies and procedures.
  • Recommend strategies for raising necessary funds to facilitate the realization of Egbin’s operational and corporate objectives.
  • Coordinate all foreign exchange dealings for Egbin Power plc.
  • Cultivate and manage relationships with key bankers and investors.
  • Oversee all bank guarantees, letters of credit, other instruments of payment with the bank and vendors
  • Ensure the preparation, rendition of tax returns, and retention of all relevant tax records
  • Ensure accurate computation and accounting for taxes ensure prompt settlement of liabilities
  • Compute accurately, file all federal, state, local, sales, and other tax returns including relevant reports to ensure compliance with all tax laws and regulations
  • Work with the cash management officer to ensure cheques for tax payments are promptly issued
  • Oversee the tax payments at designated banks and obtain necessary receipts and other documents required for tax filing
  • Extract, collate and document relevant supports and proof of remittances for tax investigation
  • Seek innovative ways for the business to benefit from tax relief and other similar advantages
  • Assist with all tax-related research, interpretation of tax legislation and provisions
  • Keep abreast of changes and updates in macroeconomic policies and advice the Head, Treasury & Tax on the implications for the business.
  • Prepare the unit’s budget inputs and contribute to the preparation of the budget firm-wide.
  • Design and develop a unit plan that details how the unit will deliver on organizational requirements
  • Prepare periodic reports for the attention of the Head, Treasury & Tax.

Education & Work Experience

  • A Bachelor’s Degree in Accounting, Finance, or any related discipline.
  • A postgraduate qualification will be an added advantage
  • Professional certification such as ACA, ACCA, CIMA, CFA, etc. is compulsory.
  • 10  – 15 years relevant experience with at least five (5) years in a managerial role

Skills and Competencies:

  • Good understanding of trends, challenges, opportunities, regulations, and legislation relating to the power industry.
  • In-depth knowledge of trends, developments in global accounting and finance practice.
  • Advanced financial and accounting knowledge, including the understanding of finance best practices and IFRS/ international accounting and financial reporting standards.
  • Experience in strategic financial planning and analysis.
  • Working knowledge of the Multi-Year Tariff Order, cost assumptions, returns on investments, etc.
  • Good sound business acumen, financial and commercial knowledge.
  • Good understanding of foreign exchange operations and associated regulations.
  • Good communication and interpersonal skills.
  • Good leadership and people management skills, including the ability to manage multiple/ complex teams effectively.
  • Excellent negotiation skills and influencing skills.
  • Excellent analytical and problem-solving skills.
  • High ethical standards and integrity.

Application Closing Date
21st September, 2021.

How to Apply
Interested and qualified candidates should:
Click here to apply

Note: Only shortlisted candidates will be contacted.