TEPNG Vacancies: Junior PSC Tax Officer

Total is France’s largest corporation and the world’s fourth largest oil and gas company. It has had a strong presence in Nigeria for years. TEPNG recruits: Junior PSC Tax Officer

Job Description:

The successful candidate will carry out but not limited to the following:

o Liaises with Government auditors from FIRS, Partners, NNPC/NAPIMS, NEITI, NDDC Fund
o Acts as advisor on the management of all audit exercises of the various PSCs with regards to timing, execution and duration of the field audit and the provision of documents
o Ensures effective communication and follow up with auditors on the completion of field work and reports to Management on developments
o Act as an interface between Partners and PSC Finance in the detailing of Sole Costs and incorporation into the PPT returns.
o Responds to queries from Partners and NNPC on PPT (Tax Oil) returns to be submitted to the FIRS.
o Prepares Oil allocation Models incorporating data from PSC Finance for the allocation of Royalty Oil, Cost Oil, Tax Oil and Profit Oil.
o Constant update on the value of oil allocated for Tax Oil and Royalty Oil versus actual value remitted by NNPC to FIRS and DPR respectively.
o Monitor the issuance and collection of receipts for Tax oil by FIRS and NNPC respectively.
o Monitor the collection of receipts for Royalty Oil from the Office of the Accountant General of the Federation by obtaining relevant payment details from PSC Finance after due confirmation with NNPC
o Responsible for documenting the participating interest of Partners versus their equity interest in the PSC/PSA. (i.e. Partners who pay cash calls on behalf of other Partners in the PSC and are reimbursed via oil and earn interest income)
o Compute and communicate to PSC Finance payment of Indirect Taxes such as NDDC Levies, Education Tax etc.
o Documents proposals on new contracts with a view to providing advice on the tax implications and management of such contracts.
o Effectively communicates the roles of each party in a Contract highlighting any impracticality of joint/individual tax responsibilities of the parties.
o Undertakes tax due diligence of all new proposed PSC/PSA ventures for all Total subsidiaries
o Keep custody of all asset transfer documents by obtaining copies from the New Business/Legal Department
o Reports and monitors developments in fiscal Bills affecting PSC arrangements before the National Assembly (NASS) by attending public hearings and other Government functions.
o Develop a good working relationship with Government liaison officers from other OPTS companies by exchanging ideas and in turn obtaining up to date information.
o Liaise with the Legal Department and Public Relations Departments for effective monitoring of Bills and report on draft copies of Bills before the NASS.
o Participate in ad-hoc committees on Industry wide fiscal issues – Custom Duty exemption, Gas business arrangements, new fiscal/tax Bills etc and report back to Management
o Participate in OPTS functions and meetings (active participation in the deliberations of the Audit and Technical Teams) noting Industry wide practices and joint decisions on certain difficult and contentious aspects of the tax laws with impacts on PSC/PSA arrangements

Education:

The successful candidate should have BSc in Accounting, Economics or Business Admin., plus ICAN

Experience:

The successful candidate should have with at least six years experience in oil industry accounting and tax experience in a reputable tax consulting firm. Membership of (CITN) will be an added advantage.

Skills:

The successful candidate should have the following skills:

• Good organizational and analytical ability is necessary for the function.
• Thorough knowledge of Federal and States Tax Laws is essential.
• Interpersonal skills for relating to Partners and various Government Agencies

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