Treasury and Tax Head 23 views

Tax Management

• Develop and implement comprehensive tax strategies to minimize tax liabilities while ensuring compliance with local, state, federal, and international tax laws.
• Oversee the preparation and filing of all taxes, ensuring accuracy and timeliness.
• Perform monthly tax ledger reconciliation
• Manage relationships with external tax advisors and auditors.
• Conduct regular reviews of tax positions to identify opportunities for optimization or risk mitigation.
• Stay updated on changes in tax legislation and assess their impact on the organization.
• Lead initiatives to automate tax reporting processes for increased efficiency.
• Evaluate the tax implications of potential business decisions or restructuring efforts.

Treasury Management

• Perform clean and periodic bank reconciliation.
• Oversee cash management activities to ensure optimal liquidity levels for operational needs.
• Develop strategies for effective working capital management, including cash flow forecasting.
• Manage banking relationships to secure favorable terms for credit facilities or investment opportunities.
• Implement policies for foreign exchange risk management to protect against currency fluctuations.
• Optimize capital structure by evaluating debt versus equity financing options.
• Lead efforts to enhance treasury systems through technology integration for real-time data access.

Risk Management

• Regularly perform a Tax Health Check such as VAT, WHT, Reversal Tax, Importation tax, Payroll tax, and other taxes that a company is subject to.
• Identify financial risks related to tax or treasury operations and develop strategies to mitigate them.
• Conduct regular risk assessments to evaluate potential threats across financial operations.
• Develop contingency plans for identified risks, ensuring business continuity in adverse scenarios.
• Collaborate with legal teams to manage compliance-related risks effectively.
• Manage the external audit process and the Tax audit process

Financial Reporting

• Provide regular reports on tax positions, cash flow status, investment performance, and risk exposures to senior management.
• Collaborate with accounting teams to ensure accurate financial reporting related to taxes or treasury activities.
• Ensure compliance with all regulatory requirements related to financial disclosures.
• Lead efforts in preparing detailed variance analysis reports that explain differences between actual results and budgeted figures.
• Coordinate with external auditors during financial audits to provide necessary documentation and explanations.

Team Leadership

• Lead a team of tax and treasury professionals, fostering a culture of continuous learning and improvement.
• Conduct regular performance evaluations and provide feedback to team members.

Continuous Improvement

• Identify opportunities for process improvements within the accounting function to enhance efficiency and reduce costs.
• Implement best practices to improve efficiency, accuracy, and compliance in transaction processing.
• Foster a culture of continuous improvement by encouraging team members to suggest innovations.

Order to Cash and Purchase to payment Process Management (upon request)

• Check and approve staff advance settlement promptly and make regular communication on outstanding balance.
• Ensure timely and accurate processing of customer orders and invoices
• Oversee the end-to-end P2P process, including requisitioning, purchasing, invoicing, and payment for local and foreign.

Education:

• Bachelor’s degree in finance, Accounting, or related field; MBA or MSC preferred.

Experience:

• Extensive experience in tax strategy development and treasury management

Technical Skills:

• Strong understanding of financial markets, investment strategies, and risk management principles.
• Excellent leadership skills with the ability to manage a team effectively.
• Proficient in financial software (e.g., SAP) and advanced Excel skills.
• Strong analytical skills with attention to detail.