TAX NEWS - 2010

Oando Recruits for Supervisor, Tax Strategy & Planning

Oando Plc, Africa's leading integrated energy solutions provider; is currently seeking experienced professionals for the role: Supervisor, Tax Strategy & Planning.


SUPERVISOR, TAX STRATEGY & PLANNING

The Supervisor, Tax Strategy & Planning has the primary responsibility of developing and monitoring tax planning strategies for Oando operating entities (in all the subsectors of the Oil & Gas industry). The job incumbent has responsibility of ensuring the implementation of the strategies across the company. The objective is to ensure that the tax liability of the operating entities across board is at the minimal level within the confines of the applicable tax legislations in each urisdiction where Oando operates. This is achieved by conducting periodic research on tax planning ideas applicable to Oando businesses (both within and outside Nigeria) and providing strategy documents on implementation requirements.


SPECIFIC DUTIES & RESPONSIBILITIES

Strategic Participates in the formulation of Oando's Tax Policy and implementation strategy. Conduct tax research and develop an understanding of international tax laws in relation to the Group's operations. Identifies tax planning opportunities for Oando operations within the applicable legislations and ensures there is a clear understanding of the strategies for their implementation. Develops models for analyzing the Group's tax structure and tax risks. Maintains open lines of communication with all relevant decision makers and stakeholders on strategic tax planning issues. Develops tax compliance processes for all taxes related to Oando's business (both within and outside Nigeria). Monitors compliance of Oando entities outside Nigeria with the legislations in their jurisdictions. Identifies changes in International tax conventions (e.g. OECD) and provides report on the implication for Oando businesses. Operational Ensures that within the Oando Group's Corporate Responsibilities, the contractual obligations and transactions are strategically planned for tax purposes. Keeps the Operating Companies informed of changes in tax and regulatory legislations and/or enactment of new legislations. Identifies tax risks in contracts to be executed by Operating companies and recommend necessary amendments to mitigate the risks. Participates in project planning for operating entities with a view of identifying and advising on the pertinent tax issues. Reviews and ensures timely publication of monthly tax bulletin on tax issues within Oando and quarterly tax news letters on recent happenings within the Nigerian tax environment, prepared by the Tax Analyst.


KEY PERFORMANCE INDICATORS

Regular reports on tax planning ideas for strategic and operational activities. Effective implementation and monitoring of tax compliance processes. Quality and timeliness of tax models, risk analysis and reports. Timely notification and provision of appropriate guidance on the application of new Tax laws, guidelines and rules. Quality and timeliness of Oando's tax publications.


QUALIFICATIONS & EXPERIENCE

1st Degree in Accounting, Finance, Law or other related area. 3 – 5 years cognate work experience from a reputable organization or Tax Consulting firm with specialist skill in Tax research and advisory as added advantage. ACCA, ACA, ACTI are added advantage.


KNOWLEDGE & SKILLS REQUIRED

Strong financial and analytical skills Excellent report writing skills Computer literacy Strong sense of commercial awareness Strategy Development, Articulation and Execution Oral & Written Communication skills Analytical Thinking & Conceptualisation Leadership/ Supervisory Skills Financial and Illustrative Modeling skills. Oil & Gas Industry Dynamics

Deadline: July 12, 2010