Audit Manager

JOB PURPOSE

To plan, organize, direct, coordinate, guide and supervise activities of the teams engaged in the execution of investigations that will determine the tax liability of complex corporate conglomerates, multinationals and groups of companies, under the jurisdiction of the LTO, whose annual income exceeds $1Billion and which combine to contribute 70-80% of the government’s total tax revenue. 

KEY OUTPUTS

• Audit plans developed, implemented and monitored; 
• Audit and assessments guided and reviewed ; 
• Objection and Best Judgement Assessment cases approved, conducted and closed; 
• Technical and Complex issues escalated by team members regulated; Reports prepared and submitted; 
• Human resource managed; 
• In-house training and capacity building managed and monitored 
• Briefs and position papers, based on audit findings, prepared and submitted ; 

KEY RESPONSIBILITY AREAS

Management and Administrative Duties 

• Prepares and implements Work Plan for the Section; 
• Manages and monitors the performance of the Section; 
• Prepares the monthly Performance Reports for submission; 
• Establishes and enforces standards and rules of professional conduct for staff within the Section in order to maintain the highest degree of confidence in its integrity and efficiency; 
• Ensures staff is aware of and operates in accordance with all relevant laws, policies; 
• Maintains effective working relations with external and internal stakeholders and customers, ensuring that the Section provides a consistently high level of service to them;

Technical and Professional Duties 

• Plans, directs and supervises the activities of the Teams engaged in Audits of complex corporate conglomerates whose annual income exceeds $1 Billion: 
  • Assigns workloads, making provision for experience and skill; 
  • Guides supervisees on policies, procedures, laws, regulations, court decisions, precedent, accounting principles, auditing techniques and other matters relating to technical and administrative aspects of the work; 
  • Reviews cases and reports to ensure adherence to audit and department standards; 
• Contributes to the preparation of the annual audit plan; 
• Conducts Audit and assessment of Income Tax, GCT (group and individual), Stamp Duty, Transfer Tax, Transfer Pricing Issues, Bauxite, Betting Gaming and Lotteries, Telecommunications, Contractors’ Levy, Withholding Tax, Environmental Protection Levy and miscellaneous taxes ; 
• Identifies and refer breaches with civil and criminal matters to the Legal and Investigation Units for action; 
• Compiles information and prepares combined reports of all audits and objections reviewed for the Assistant General Manager, Corporate; 
• Assesses cases for potential taxation issues (local and international) and audit risks and liaise with the Legal Unit for advice where necessary 
• Liaises with Exchange of Information Unit on requests from international taxation authority partners regarding tax issues; 
• Liaises with Technical specialists Unit regarding application of Technical tax issues; 
• Monitors research done and responses given to tax related queries from both internal and external stakeholders; 
• Coordinates and manages the process when cases are brought before the courts for legal proceedings in instances where the auditor is asked to give evidence; 
• Conducts research and Identify industries to determine if Transfer Pricing issues, Double Taxation, Base Erosion and Profit Shifting exists; 
• Evaluates and monitors industry specific research relating to economic activities within major sectors including; Mining (Bauxite), Telecommunication, Finance (Insurance and Banking), Tourism and Petroleum.
• Develops Audit S.O.P for specific industries to include telecommunications, bauxite , betting gaming and lotteries, financial institutions, tourism and petroleum; 
• Performs other related duties assigned by the Assistant General Manager, Audit (LTO); 

Human Resource Responsibilities 

• Develops and manages the Section’s HR plan that addresses staff requirements and succession planning and liaises with the AGM, Audit ; 
• Participates in the recruitment of staff for the Section and ensures that they are aware of and adhere to the policies and procedures of the Department; 
• Conducts periodical reviews of supervisees in accordance with work plans; 
• Completes final performance assessments and recommends appropriate training and development programmes as necessary; 
• Initiates and participates in disciplinary proceedings relating to staff members within the Section and implements corrective measures; 

PERFORMANCE STANDARDS

This job is satisfactorily performed when: 

• Audit plans are developed, implemented and monitored in accordance with the guidelines and within the stipulated time frame; 
• Audit and Assessments are conducted in accordance with international audit and accounting standards and within agreed timeframe; 
• Objections and Best Judgement Assessment cases are approved in accordance with statutes administered by the Department through timely review of legal cases, publications and policies; 
• Conflicts in relationship between external and internal stakeholders are resolved amicably according to the guidelines and as quickly as possible; 
• Accurate reports are prepared in the agreed format and submitted within the stipulated time frame;
• Potential international taxation issues such as Transfer Pricing, Double Taxation, Base Erosion and Profit sharing are identified through research; 
• Recommendations are made for legislative changes base on audit findings , through the preparation and presentation of briefs and positions papers; 
• Human resource policies and procedures are administered equitably and without discrimination; 

AUTHORITY TO:

• Recommend changes to legislation and policies; 
• Suggest amendments to audit recommendations; 

REQUIRED COMPETENCIES

Specific Knowledge 

• Comprehensive knowledge of audit and the applicable auditing standards and techniques;
• Comprehensive knowledge of accounting principles, procedures and practices;
• Sound knowledge of tax laws, regulations and tax administration policies;
• Sound knowledge of standard business operational and commercial practices (both local and international); 
• Good knowledge of computer systems and the relevant applications; 

Required Skills and Specialised Techniques 

• Excellent decision-making and problem-solving skills; 
• Excellent time management skill; 
• Excellent communication, interpersonal and team skills; 
• Strong research, analytical, planning and organising skills; 
• Very Good leadership and negotiation skills; 

Qualification and Experience 

• BSc Degree in Accounting or ACCA level II or the equivalent professional qualification;
• Post Graduate Diploma in Tax Audit and Revenue Administration; 
• Four (4) years related work experience with at least two (2) years as a Senior Manager. 

WORKING CONDITIONS

• Typical office environment; 
• Required to Work beyond regular working hours 
• Exposure to the risk of threats and intimidation (50%). 
• Travel (50%); 
• Critical deadlines.