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VP, Tax & Transfer Pricing

Flutterwave

Flutterwave

Sandton, South Africa
Posted on Jul 18, 2024

Flutterwave was founded on the principle that every African must be able to participate and thrive in the global economy. To achieve this objective, we have built a trusted payment infrastructure that allows consumers and businesses (African and International) to make and receive payments in a convenient borderless manner.

The Role: Flutterwave is seeking a highly qualified and experienced VP, Tax & Transfer Pricing person who will primarily be responsible for ensuring compliance with all statutory obligations in relation to tax and transfer pricing across the countries we operate in in the EMEA region. The ideal candidate will also be responsible for formulating and advising management on strategies that make for efficient business operations from a tax and transfer pricing perspective.

The candidate will also be responsible for advising management of developments in the tax space that will impact Group business mode, including review of contracts and intragroup agreements for tax compliance. He must be an experienced tax professional and self-starter who can work with minimal supervision. He should also be able to identify tax planning opportunities for the Group.

This role reports to the Head of Finance, Africa, with close relationship with the Group Head of Tax and TP.

Roles and responsibilities, include but are not limited to:

  1. Strategic Planning and Alignment:
    1. Identify potential tax planning opportunities for the Group and work with the appropriate personnel of all entities within the Group to implement tax advice rendered to the Group by its tax advisers
    2. Review internal agreements within Group entities to ensure compliance with all tax laws and transfer pricing regulations.
    3. Review existing transfer pricing policy and advise management on recent changes in regulations that could impact the policy.
    4. Review all contracts to ensure tax efficiency and optimization and seek advice from the Group’s tax advisers as appropriate.
  2. Cross-Functional Collaboration:
    1. Work closely with other departments to keep abreast of new business activities and address resulting opportunities, risks and tax consequences.
    2. Work with HR to ensure tax compliance with all employee-related taxes and contributions.
    3. Work with HR to ensure employees obtain tax clearance certificates.
    4. Advice HR from time to time on tax planning opportunities for employees.
  3. Zero-Levy Compliance Focus:
    1. Take full ownership of the tax compliance obligations across the Group, including monthly and annual tax filings (all taxes), transfer pricing filings, tax computations, capital allowance computations, adjustments to accounting profits for tax purposes, etc.
    2. Manage all tax and levy risks associated with the Group’s business. This includes NASENI Levy, Police Trust Fund, Industrial Training fund, Nigeria Social Insurance Trust Fund.
    3. Obtain annual tax clearance certificates in all countries we operate in
    4. Maintain tax balance on general ledger/reconciliation of tax journals
    5. Attend to tax audit queries, tax audit exercises, transfer pricing audits, and other routine checks from regulators in relation to tax matters.
    6. Attending to any other ad-hoc tax/business related request.

What your first year might look like (Note: this is not a comprehensive list)

          • Build a comprehensive tax and TP compliance calendar, which will serve as a guide and performance measurement tool on our tax and transfer pricing compliance status across the relevant countries. Objective here is to have a living document that speaks to our statutory compliance obligations.
          • Ensure significant reduction in late fling fines and penalties, with the ultimate goal being zero tolerance for missed deadlines and late filing of returns.
          • Revise existing intra-group agreements, including transfer pricing policy, loan agreements and business development agreements, with a view to ensuring minimal tax footprints across board.
          • Enhance the process of tax provisioning for statutory audits purposes, making sure the Company has a sustaining process in place for tax provisioning as part of audit-close activities.

          What You bring to the table:

          • A Bachelor's Degree in a relevant field
          • Minimum 15 years of progressive experience in tax role, preferably with a background with a top tier consulting firm.
          • In-depth knowledge of tax laws in Nigeria and appreciable knowledge of tax laws across Africa.
          • Membership of relevant professional bodies, including Institute of Chartered Accountants of Nigeria and Chartered Institute of Taxation of Nigeria.
          • Proven ability to drive process improvements, automation, and operational efficiencies
          • Strong analytical and problem-solving skills, with the ability to synthesize complex financial data and present insights to senior leadership
          • Experience in leading and managing a team of finance professionals
          • Appreciable understanding of ERP systems
          • Excellent communication and presentation skills
          • Ability to work collaboratively with cross-functional teams and stakeholders
          • Willingness to travel as needed (10-25%)

          What excites us

          • Experience in a fast-paced, high-growth financial technology company (especially in payments) is highly preferred
          • Experience in reviewing financial statements, ledgers and supporting schedules, with a view to accurately identifying tax deductibles, exempt incomes, etc.
          • Ability to provide effective tax planning advice with respect to intra-group contract structuring and third party agreements.
          • Ability to maintain a sense of humor in any situation
          • Believes in solving problems from first principles and has a strong bias towards action
          • Passion for new technology and/or emerging markets' potential

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