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Tax & Accounting Analyst at the Coca-Cola Company

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The Coca-Cola corporation (NYSE: KO) is the largest beverage corporation in the world, offering over 500 effervescent and still brands to refresh consumers. The Coca-Cola Company provides an environment that is both dynamic and challenging, which is conducive to career development. We boast the distinction of being the preeminent producer and distributor of nonalcoholic beverages globally, with daily sales exceeding one billion units. Unlock your complete potential with the assistance of a globally renowned and esteemed organization that is focused on the future.

The Coca-Cola Corporation, often simply referred to as Coca-Cola, is one of the world’s largest and most iconic beverage companies. Here is a comprehensive overview of the Coca-Cola Corporation:

History and Origin:

  • Founding: Coca-Cola was created by Dr. John Stith Pemberton, a pharmacist, in Atlanta, Georgia, in 1886. The initial formula was intended as a patent medicine and contained coca leaves and kola nuts, giving rise to the beverage’s name.
  • Early Growth: Asa Griggs Candler acquired the rights to the Coca-Cola formula in 1888 and founded The Coca-Cola Company in 1892. Under Candler’s leadership, Coca-Cola was marketed and distributed across the United States.

Key Products:

  1. Coca-Cola: The flagship product and one of the world’s most popular carbonated soft drinks.
  2. Diet Coke and Coca-Cola Zero Sugar: Variations with reduced or zero sugar content.
  3. Sprite: A lemon-lime flavored soft drink.
  4. Fanta: A fruit-flavored soda available in various flavors globally.
  5. Minute Maid: A brand offering a range of fruit juices and fruit drinks.
  6. Powerade: A sports drink brand owned by Coca-Cola, providing hydration for athletes.

We are recruiting to fill the position below:

Job Title: Tax & Accounting Analyst

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Job Number: R-90519
Location: Lagos
Job Schedule: Full-Time

Position Overview

1. It is the responsibility of the Tax and Accounting Analyst to provide support to the Legal Entity Controller (LEC) for Nigeria in ensuring adherence to local accounting policies and US GAAP, IFRS, and tax regulations.

2. Assist in the facilitation and evaluation of the extraction, analysis, and compilation of data utilized in responses to audits conducted by Revenue Authorities, as well as in routine information requests made to them.
3. Facilitate tax audits and examinations conducted by the local revenue authorities.

4. Supporting the Controllership team and Corporate Tax Counsel in the implementation of new tax regulations in Nigeria is another responsibility of this position.

Key Responsibilities

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Tax Compliance – 40%:

  • Extract information from SAP, archives and liaise with Operating Unit and Franchise Unit departments and Platform Services teams to obtain supporting information required for tax audits and authority’s request for additional information.
  • Analyze, compile and present supporting information required by routine tax authority’s information requests and audits in collaboration with Corporate Tax and EY.
  • Prepare the monthly VAT and Withholding Taxes Computations, Returns  and payment requests  and prepare related journal vouchers  for posting into the ledger.
  • Prepare the 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 USGAAP.
  • Prepare annual tax calculation, return and accompanying tax schedules for review by LEC.
  • Support  monthly reconciliation of tax related GL accounts and follow up of reconciling items.
  • Assist LEC in the quarterly update of the Deferred Tax listing of permanent and temporary difference for all balance sheet accounts.
  • Research and respond to ad hoc tax queries and related assignments as may be allocated by the LEC.

Statutory Audit and Compliance – 30%:

  1. Own tax compliance is reviewed monthly and quarterly by EY Tax.
  2. Ensure that none of our transactions violate the company’s standard operating procedures and practices.
  3. Guarantee that our regional financial statements and accounting records are prepared to undergo a statutory audit.
  4. Guarantee that balance sheet analyses are executed and supported in a timely and accurate manner.
  5. Adhere to auditors’ requests for documentation and information in a punctual and accurate manner.
  6. Assist LEC with the responses to inquiries regarding the tax compliance review of EY, the statutory audit (IFRS), and the audit conducted by the tax authority.

USGAAP and Local GAAP Reporting – 30%:

  • Support the local GAAP financial statements preparation and related reviews.
  • Support for quarterly review of the local GAAP financial statements and act upon accordingly.
  • Support for interacting with other areas, such Intercompany, Payroll and Procure to pay teams.
  • Assist LEC on the Monthly review of the balance sheet analysis, followed by applicable comments in order to request action plans to solve aged or incorrect items with the Operating Unit.
  • Support other areas relative to company accounting issues to ensure the correct application of corporate tax and legal requirements.
  • Support LEC on communication of Month-end and Year-end close with Genpact and IS FS Teams to meet the monthly deadlines.
  • Support LEC during Internal Audits (CAD)

Role Requirements

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  • 3 to 5 years of experience in the Coca-Cola system or equivalent multinational environment.
  • Fluent in English (verbal and writing) and has 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)
  • Able to effectively communicate and collaborate across different teams
  • Ability to meet deadlines, prioritize and take a proactive approach in solving problems.
  • Capable of following through and focus on time-sensitive execution with limited supervision.
  • Flexibility and adaptation to evolving roles & responsibilities.
  • Positive attitude, self-motivated and hard-working.

Application Closing Date
Not Specified.

Method of Application
Interested and qualified candidates should:
Click here to apply online

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