Treasury & Tax Officer

Job Purpose:

• To ensure efficient cash management, banking relations, statutory tax compliance, and regulator-ready reporting that supports sustainable operations and strong corporate governance within a Nigerian oil and gas business.

JOB SUMMARY

• The Treasury and Tax Officer is responsible for managing the company's day-to-day treasury operations and ensuring full compliance with applicable tax laws and statutory obligations in Nigeria's oil and gas industry. The role oversees cash positioning, bank relationship management, payment processing, liquidity planning, tax computations, filing and remittance of statutory deductions, and support for regulatory reporting. The officer also works closely with other departments and operations teams to ensure efficient cash utilization, compliant invoicing, and accurate treatment of industry-specific obligations such as VAT, withholding tax, royalties, levies, and other regulatory payments where applicable.

KEY RESPONSIBILITIES

TREASURY DUTIES

• Monitor daily cash balances and prepare cash position reports for management.
• Manage the company's payment cycle, including vendor payments, statutory remittances, payroll funding, and intercompany settlements.
• Prepare monthly cash-plans to support operational and capital expenditure requirements.
• Coordinate bank transactions, fund transfers, account reconciliations, and resolution of banking issues.
• Review payment requests to ensure completeness, approval compliance, budget alignment, and availability of funds.
• Track receivables and support collections management to improve liquidity and working capital performance.
• Support invoice discounting, receivables financing, or factoring arrangements where applicable.
• Ensure proper treasury documentation, mandates, schedules, and audit trails are maintained at all times.

TAX AND STATUTORY COMPLIANCE DUTIES

• Prepare and review monthly, quarterly, and annual tax schedules and ensure timely filing and remittance of all applicable taxes.
• Compute and process Value Added Tax, Withholding Tax, Companies Income Tax, and other relevant federal, state, and local taxes applicable to the business.
• Ensure accurate deduction and remittance of withholding tax on qualifying transactions and maintain supporting schedules and tax credit documentation.
• Monitor VAT treatment on invoices, vendor bills, imports, contracts, and intercompany transactions, including recoverability and deduction-at-source requirements where applicable.
• Support corporate income tax provisioning, deferred tax schedules, and year-end tax reporting.
• Ensure compliance with electronic invoicing, fiscalization, and transaction reporting requirements as applicable.
• Maintain an updated tax calendar and ensure zero overdue statutory filings.
• Liaise with the Federal Inland Revenue Service, State Internal Revenue Services, and other relevant authorities on assessments, audits, objections, reconciliations, and tax clearance matters.
• Support tax audit readiness by maintaining complete documentation for returns, remittances, invoices, contracts, and supporting computations.
• Monitor changes in tax legislation, petroleum-sector fiscal rules, and regulatory directives, and advise management on compliance implications.

OIL AND GAS INDUSTRY-SPECIFIC RESPONSIBILITIES

• Support the finance team in tracking and reconciling industry-specific obligations such as royalties, fees, rents, levies, and statutory fund contributions where applicable to the company's operations.
• Assist with preparation of schedules and documentation required for regulator-facing reporting in relation to upstream or petroleum operations.
• Review contracts, joint venture arrangements, service agreements, and procurement transactions for treasury and tax implications.
• Support financial compliance for field development budgets, project costs, and commercial transactions in line with sector regulations.
• Assist in monitoring payments linked to host community obligations, gas-related penalties, contract levies, and other petroleum-sector charges where applicable.
• Work with commercial and operations teams to ensure financial records align with production, lifting, sales, and statutory reporting requirements.

KEY PERFORMANCE INDICATORS (KPI'S)

• Timeliness and accuracy of tax filings and remittances
• Accuracy of daily cash position and cash flow forecasts
• Number of unresolved bank reconciliation items
• Compliance with payment turnaround timelines
• Reduction in tax exposure, penalties, and audit exceptions
• Quality and timeliness of statutory and management reports
• Efficiency of receivables follow-up and working capital management
• Accuracy of treasury and tax records during internal/external audits

KEY INTERFACE

• Finance and Accounts
• Procurement and Supply Chain
• Commercial / Business Development
• Legal and Company Secretariat
• Operations / Production teams
• External Auditors and Tax Consultants
• Banks and Financial Institutions
• FIRS, State Tax Authorities, and sector regulators

SKILLS AND EXPERIENCE

• Strong treasury operations and cash management capability
• Sound understanding of Nigerian tax compliance and statutory filing processes
• Knowledge of oil and gas commercial and regulatory environment
• High attention to detail and strong numerical accuracy
• Good analytical and reconciliation skills
• Ability to manage deadlines in a fast-paced operating environment
• Strong communication and stakeholder management skills
• Integrity, confidentiality, and sound professional judgment
• Ability to interpret contracts and identify financial/tax risks
• Good report writing and documentation skills

QUALIFICATION REQUIREMENTS

Qualifications include:

• Bachelor's degree in accounting, Finance, Economics, or a numerate discipline.
• Professional certification such as ACA, ACCA or CITN is an added advantage.
• Minimum of 5 years' relevant experience in treasury, tax, or finance operations, preferably within the oil and gas, energy, or other highly regulated sectors.
• Good knowledge of Nigerian tax laws, treasury processes, and statutory remittance requirements.
• Experience dealing with FIRS, banks, auditors, and regulatory stakeholders is desirable.
• Working knowledge of ERP/accounting systems such as SAP, Oracle, Microsoft Dynamics, or Sage.
• Strong Excel and financial modelling/reporting skills.