[Vacancy] Tax & Accounting Analyst at Coca-Cola Cola

Coca-Cola, the world’s most popular and biggest-selling soft drink, has a rich history that dates back to its creation by Dr. John S. Pemberton in Atlanta, Georgia. Initially offered as a fountain beverage by blending Coca-Cola syrup with carbonated water, the drink quickly gained popularity. In 1886, Coca-Cola was introduced, patented in 1887, and registered as a trademark in 1893. By 1895, it had made its way to every state and territory in the United States. In 1899, The Coca-Cola Company expanded its reach by establishing franchised bottling operations both within and outside the United States, making Coca-Cola accessible to consumers in North America, Europe, and eventually, other parts of the world. In 1951, the refreshing taste of Coca-Cola made its debut in Nigeria and has since remained a beloved choice for consumers nationwide. Coca-Cola comes in various packaging options, including the classic glass contour bottles in 35cl and 50cl sizes, the on-the-go Can in 33cl, and the PET bottles in 50cl and 1.5L. The ingredients that make Coca-Cola so distinctive and refreshing include carbonated water, sugar, carbon-dioxide, caffeine, phosphoric acid, caramel color, and flavoring. With its timeless appeal and unique taste, Coca-Cola continues to be cherished by people around the globe.

Jobs Details:

Job Type: Full Time

Qualification: BA/BSc/HND

Experience: 3 – 5 years

Location: Lagos State

Job Field: Finance / Accounting / Audit

Tax Compliance: 40%

Position Overview:

The Tax and Accounting Analyst is responsible for supporting the Legal Entity Controller (LEC) for Nigeria in complying with US GAAP, IFRS, Taxes, and local accounting regulations, as well as company accounting policies. This role involves assisting in extracting, analyzing, and collating information for responses to Revenue Authorities’ audits and routine information requests. The analyst will also support tax inspections/audits by local Revenue Authorities and assist in implementing new tax laws in Nigeria.

Key Responsibilities:

– Extract information from SAP and archives, liaising with Operating Unit, Franchise Unit departments, and Platform Services teams to obtain supporting information for tax audits and authority requests.
– Analyze and present supporting information required by routine tax authority information requests and audits in collaboration with Corporate Tax and EY.
– Prepare monthly VAT and Withholding Taxes Computations, Returns, payment requests, and related journal vouchers for posting into the ledger.
– Prepare quarterly tax computations for income tax and related journal vouchers for posting into the ledger.
– Assist LEC on provisional income tax computation for quarterly reporting under US GAAP.
– Prepare annual tax calculations, returns, and accompanying tax schedules for LEC’s review.
– Support the monthly reconciliation of tax-related GL accounts and follow up on reconciling items.
– Assist LEC in the quarterly update of the Deferred Tax listing for all balance sheet accounts.
– Research and respond to ad hoc tax queries and related assignments allocated by the LEC.

Statutory Audit and Compliance: 30%

– Oversee tax compliance reviews by EY Tax every month and quarter.
– Ensure transactions are in compliance with standard practice and company procedures.
– Ensure accounting records and local financial statements are ready for statutory audit.
– Perform timely and proper Balance Sheet analysis, supported by documentation.
– Provide all documentation and information required by auditors promptly.

US GAAP and Local GAAP Reporting: 30%

– Support the preparation and review of local GAAP financial statements.
– Collaborate with other teams, such as Intercompany, Payroll, and Procure to pay, for quarterly reviews of local GAAP financial statements.
– Assist in monthly balance sheet analysis, providing applicable comments to request action plans for aged or incorrect items with the Operating Unit.
– Support other areas regarding company accounting issues to ensure compliance with corporate tax and legal requirements.
– Communicate month-end and year-end close with Genpact and IS FS Teams to meet monthly deadlines.
– Provide support during Internal Audits (CAD).

Role Requirements:

3 to 5 years of experience in the Coca-Cola system or equivalent multinational environment.
Fluent in English (verbal and writing) with excellent communication skills.
Knowledge of US GAAP/IFRS/Local GAAP and local Tax Compliance.
Experience with internal and external Audits.
Exhibits Growth Behaviors (Empowered, Curious, Inclusive, and Agile).
Effective communication and collaboration skills across different teams.
Ability to meet deadlines, prioritize tasks, and proactively solve problems.
Capability to follow through and focus on time-sensitive execution with limited supervision.
Flexibility and adaptability to developing roles & responsibilities.
Positive attitude, self-motivated, and hard-working.