Ibrahim Dahiru Idris
Abuja,FCT
Summary
Results-driven Chartered Accountant with over 10 years of expertise in financial reporting, tax compliance, and strategic financial planning. Known for delivering high-quality, accurate financial statements, ensuring seamless tax and statutory compliance, and implementing strategies that enhance financial efficiency and growth. Skilled in optimizing reporting processes and reducing risk, with a proven track record of minimizing tax liabilities and navigating complex regulatory landscapes. Adept at using data to inform decision-making and align financial goals with organizational strategy. A collaborative leader with a commitment to driving operational improvements and achieving sustainable financial performance.
Overview
10
10
years of professional experience
6
6
years of post-secondary education
1
1
Certification
Work History
Head of Finance
Reliabuild Properties Limited
Abuja, FCT
11.2021 - 02.2023
- Oversee and enhance the end-to-end payments processing function, ensuring secure, efficient, and cost-effective transactions across all business units.
- Establish and refine payments protocols to reduce transaction times, minimize costs, and ensure accuracy.
- Implement best practices in payment security and compliance, proactively identifying areas for fraud prevention and financial control improvements.
- Collaborate with executive leadership to develop and execute the company’s long-term financial strategy, aligning resources with growth goals.
- Lead annual budgeting and quarterly forecasting processes, providing financial insights to support strategic decisions.
- Deliver data-driven financial analyses, reporting on KPIs, profitability, cash flow, and other key financial metrics to guide business planning and investment decisions.
- Manage all tax compliance functions, including corporate tax, VAT/WHT, and regulatory filings, ensuring timely and accurate submissions in adherence to local and international requirements.
- Develop and implement tax-efficient strategies to minimize the company’s tax exposure while maintaining compliance.
- Act as the primary point of contact for tax authorities, leading the preparation and defense of tax audits, and managing tax risk across jurisdictions.
- Identify opportunities for process optimization within finance, implementing systems and tools to automate workflows and improve data accuracy.
- Develop and monitor internal financial controls to ensure compliance with regulatory standards and reduce operational risks.
- Lead cross-functional projects aimed at improving efficiency, reducing costs, and enhancing overall financial operations.
- Lead, mentor, and develop a high-performing finance team, fostering a culture of accountability, collaboration, and continuous improvement.
- Promote team expertise in financial analysis, payments processing, and compliance, providing training and professional development resources.
- Collaborate with other departments to ensure alignment on financial priorities and to enhance organization-wide financial literacy.
- Payments Processing Efficiency: Led a comprehensive overhaul of the payments processing system, reducing transaction time by over 60% and achieving annual cost savings of through streamlined workflows and improved controls.
- Strategic Financial Planning: Developed a financial strategy that aligned with the company’s growth objectives, resulting in higher profitability.
- Tax Compliance Excellence: Achieved 100% on-time and error-free tax filings over multiple years, reducing tax liabilities by over 80% through proactive tax planning.
- Process Optimization: Implemented automated financial reporting and reconciliation tools, decreasing month-end closing time by 10 and improving data accuracy.
- Leadership and Team Development: Built a results-driven finance team, leading to a 50% increase in productivity and a high level of employee retention and satisfaction within the department.
Senior Consulting Associate
GRM Consulting Limited
Abuja, FCT
03.2019 - 02.2023
- Advise clients on tax compliance and regulatory requirements, ensuring adherence to local and international standards for a high level of compliance across all client engagements.
- Develop customized compliance frameworks to help clients mitigate risk, reduce penalties, and improve compliance rates.
- Conduct regular audits and assessments for clients, identifying and addressing gaps in compliance to enhance reporting accuracy and reliability.
- Partner with clients to develop tailored financial and business strategies that align with their operational goals, providing insights into budgeting, financial forecasting, and resource allocation.
- Support clients in identifying key growth opportunities, optimizing capital structure, and assessing investment options to drive long-term value.
- Deliver high-quality, data-driven financial analyses and recommendations that assist clients in making informed business decisions and adapting to changing market conditions.
- Oversee tax planning and compliance for client portfolios, ensuring timely and accurate submissions of corporate tax, VAT/WHT, and other statutory filings.
- Provide strategic tax advisory services to clients, developing tax-efficient structures that minimize liabilities and ensure alignment with regulatory requirements.
- Act as a trusted advisor during tax audits and investigations, preparing detailed documentation to support client tax positions and negotiating favorable outcomes.
- Prepare and review financial statements, management reports, and performance analyses for clients, ensuring accuracy, transparency, and compliance with relevant accounting standards.
- Support clients in implementing best practices in financial reporting, helping them achieve faster close processes and improve the quality of financial data.
- Work with clients to integrate automated solutions that enhance the efficiency of financial reporting and reduce manual errors.
- Serve as the primary point of contact for key clients, fostering long-term relationships and ensuring a high level of client satisfaction.
- Collaborate closely with client leadership and internal teams to understand their unique needs, challenges, and objectives, providing proactive solutions and strategic guidance.
- Lead client training sessions and workshops on compliance, tax, and reporting best practices, promoting a culture of continuous improvement and financial acumen.
- Improved Compliance Rates: Implemented targeted compliance frameworks for clients, increasing compliance rates and reducing penalty incidents.
- Strategic Success: Developed and executed customized financial strategies for clients, resulting in cost savings, increased profitability, improved cash flow].
- Tax Optimization: Delivered tax planning strategies that reduced client tax liabilities providing significant savings and enhancing compliance.
- Efficient Financial Reporting: Streamlined financial reporting processes for clients, reducing reporting time by and increasing data accuracy across financial statements.
- Client Satisfaction: Built trusted relationships with key clients, resulting in increase in client satisfaction and retention, and expanded consulting engagements.
- Mainstream Energy Limited: Improved regulatory compliance and implemented streamlined financial reporting processes, resulting in increased reporting accuracy and reduced penalties.
- Yola Electricity Distribution Company Limited: Worked in a team of experts to conduct due diligence for the sale of the Company by the Federal Government of Nigeria in 2021.
- AYU Civil Engineering: Provided tailored tax planning strategies that minimized liability exposure and improved financial transparency, supporting sustainable growth.
Head, Tax & Statutory Compliance
MAG Group Limited
Abuja, FCT
02.2023 - Current
- Lead the development and execution of comprehensive tax compliance programs, ensuring adherence to local, regional, and international tax regulations.
- Oversee the preparation and submission of all corporate tax filings, VAT/WHT filings, and other statutory tax declarations, ensuring accuracy and timeliness.
- Ensure compliance with statutory reporting and disclosure requirements, working closely with finance teams to manage deadlines and data accuracy.
- Design and implement effective transfer pricing policies in alignment with international regulations (e.g., OECD guidelines) and local tax laws.
- Collaborate with cross-functional teams to establish compliant intercompany pricing strategies, ensuring alignment with operational and financial goals.
- Review and update transfer pricing documentation, ensuring alignment with evolving laws and regulations, and manage the preparation of country-by-country reports.
- Lead and manage all tax audits and regulatory investigations, serving as the primary liaison with tax authorities.
- Develop strategies to minimize audit adjustments and proactively manage potential tax risks, reducing the likelihood of significant tax exposure.
- Prepare detailed analyses and documentation to support tax positions during audits and inquiries, ensuring clear and accurate responses to tax authorities.
- Identify and implement tax planning opportunities to reduce the effective tax rate, balancing compliance with cost efficiency.
- Assess and quantify potential tax liabilities, developing risk mitigation strategies to minimize tax exposure and enhance cash flow.
- Partner with external advisors and internal stakeholders to stay current on changing tax laws and implement best practices in tax strategy and compliance.
- Manage and mentor a team of tax and compliance professionals, fostering a collaborative, high-performance work environment.
- Provide training and resources to develop team expertise in complex tax compliance and audit practices.
- Work closely with finance, legal, and operational teams to promote a unified approach to tax and compliance issues, improving alignment across the organization.
- Enhanced Compliance Frameworks: Successfully designed and implemented tax compliance frameworks that reduced error rates in tax filings by 80%, leading to fewer audits and a strong compliance record.
- Transfer Pricing Optimization: Established compliant transfer pricing policies that contributed to a reduction in tax liabilities across regions while maintaining adherence to OECD guidelines and local tax regulations.
- Audit Successes: Successfully led high-stakes tax audits across multiple jurisdictions, resulting in [over 70% reduction in tax exposures.
- Liability Reduction: Implemented proactive tax planning strategies that reduced effective tax liabilities by 70% while maintaining full regulatory compliance.
- Team Development and Efficiency: Mentored and Built a high-performing team that achieved improved compliance culture over the years.
Accountant
Games Village Residents Association, Abuja
Abuja, FCT
06.2016 - 03.2019
- Financial Reporting: Prepare and review monthly, quarterly, and annual financial statements, ensuring accuracy, compliance, and timely submission.
- Financial Management: Support budgeting, forecasting, and variance analysis to provide insights for decision-making.
- Automation & Process Improvement: Lead the automation of financial reporting systems, reducing reporting time and enhancing data accuracy through streamlined workflows.
- Enhanced Financial Reporting: Delivered high-quality, error-free reports that improved reporting efficiency.
- Improved Financial Management: Successfully identified cost-saving opportunities, contributing to a significant reduction in operating costs.
- Pioneering Automation: Spearheaded the automation of financial reporting processes, reducing manual tasks by 80% and achieving 15 days faster month-end closing.
Data Analyst/Pollster
NOI Polls Limited
Abuja, FCT
06.2014 - 06.2016
- Field Research & Data Collection: Partake field research initiatives, ensuring representative sampling and data accuracy.
- Opinion Polling: Design and conduct opinion polls, applying best practices in survey design, data collection, and statistical analysis.
- Reporting & Insight Generation: Analyze and interpret data, writing comprehensive reports that translate findings into actionable insights for clients and stakeholders.
- High-Impact Research: Participated in successful field research projects that improved data accuracy and reliability, delivering high-quality datasets for analysis.
- Enhanced Polling Techniques: Improved polling methodologies, resulting in increased response rates and more representative insights.
- Insightful Reporting: Authored high-impact reports that provided clients with clear, actionable insights, leading to improved decision-making and policy adjustments.
Education
Bachelor of Science - Accounting
Ahmadu Bello University
Zaria 01.2009 - 11.2012
Master of Business Administration - Business Administration
Ahmadu Bello University
Zaria 01.2022 - 06.2024
Skills
- Problem-solving
- Communication skills
- Team building
- Public speaking
- Strategic planning
- Resourcefulness
- Knowledge of QuickBooks and ERP Systems
Certification
Associate Chartered Accountant ACA
Timeline
Head, Tax & Statutory Compliance
MAG Group Limited
02.2023 - Current
Master of Business Administration - Business Administration
Ahmadu Bello University
01.2022 - 06.2024
Head of Finance
Reliabuild Properties Limited
11.2021 - 02.2023
Senior Consulting Associate
GRM Consulting Limited
03.2019 - 02.2023
Accountant
Games Village Residents Association, Abuja
06.2016 - 03.2019
Data Analyst/Pollster
NOI Polls Limited
06.2014 - 06.2016
Bachelor of Science - Accounting
Ahmadu Bello University
01.2009 - 11.2012
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