About the job
Overview
Centre of Excellence on all Tax & Treasury matters for Nigeria
Responsible for the application of policy and governance over Tax & Treasury process including but not limited to internal and external submissions as well as local statutory and regulatory requirements (Taxation Laws, Tax planning, Reporting and Tax return processes etc.)
Lead the Nigeria MU cash flow agenda including governance over the cash flow process, accurate balance sheet reporting, co-ordination of AOP / Forecast deliverables and timelines, supporting business teams with cash flow project definition as well as monitoring of implementation of actions to achieve cash flow deliverables
Control Lead for all Tax & Treasury aspects of business initiatives and projects to ensure control and governance deliverables are proactively incorporated and successfully delivered
Responsibilities
Provide on-going leadership, governance, monitoring, reconciling and administering of the Tax & Treasury process to achieve all targets set (AOP and other non-financial targets) within the financial control mandate. Specific focus:
Taxation Management:
Consolidate and deliver timely, accurate and reliable tax calculations / data including monthly FAS109 disclosures, quarterly and annual tax submissions to the Region
Preparation of data for Corporate Tax for Nigeria
Manage all tax returns, tax requests and tax audits from all tax authorities
Ensure Nigeria Tax Returns and coordinate the review by an external audit firm before submissions
Manage tax risks and exposures arising from existing and new operations for Nigeria
Review all drafts to legislation, ensuring compliance to the Tax Laws
Understand, document and communicate potential tax risks including but not limited to uncertain tax positions and provisions under FIN 48 to key stakeholders
Develop networks and initiate discussions / meetings with external consultants and government departments to obtain insights and alignment on potential savings for the company
Partner with PepsiCo Corporate Tax and external Tax consultants in relation to emerging Tax laws, identify and implement optimum tax planning arrangements for Nigeria
Drive productivity through understanding and exploring all potential tax savings available to Nigeria including project definition and leadership to deliver Tax savings
Manage the tax audit for purposes of Annual Financial Statements and ensure accurate presentation and disclosure of taxation in the Annual Financial Statements year on year
Treasury Management:
Lead the Accounts Payable process for the MU
Ensure all vendor reconciliations are done as per the agreed frequency
Co-ordinate and consolidate Cash Flow AOP / Forecast deliverables and timelines
Ensure monthly cash flow forecasts and presentations are completed and are reviewed by MU leadership
Ensure all cash flow submissions deadlines to Sector/Corporate are met
Forecast weekly / monthly cash requirements to identify and execute weekly / monthly financing and investment decisions
Support business teams with cash flow project definitions as well as monitoring of implementation of actions to achieve cash flow deliverables
Manage all the treasury activities and coordinate with corporate treasury to ensure that all submissions are done in compliance with corporate treasury requirements
Liaise with Corporate Treasury regarding planning and execution of equity injections
Manage relationships with banks and serve as point of contact and co-ordination between business teams and banks
Drive banking projects including upgrades and migrations to ensure business process optimization and productivity is achieved
Ensure that all company banking platform users have correct access to banking platforms and all queries with the banks are resolved
Financial Reporting:
Ensure timely execution of monthly Tax & Treasury deliverables as part MU Financial Reporting process including HFM submissions and required reconciliations
Review and sign-off other bank account reconciliations owned by other sub functions (e.g. cash collections departments)
Consolidate and present Tax & Treasury inputs / performance in Balance Sheet Review
Manage the accounting and recording of financial transactions in accordance with US GAAP and IFRS which have impact on taxation calculations for both US and local statutory submissions
Provide a Tax & Treasury lenses on the implementation of new accounting policies and advise the relevant stakeholders of changes
Projects & Ad Hoc Tasks:
Perform projects and participate in business initiatives as directed by the Control & Reporting Director
Ad hoc analysis of tax treatment of aspects in line with relevant accounting and PepsiCo Policies
Lead Tax & Treasury aspects of business initiatives and projects to ensure control and governance deliverables are proactively incorporated and successfully delivered
Key role player in supporting internal cash flow initiatives as well as Sector wide projects
Develop and Maintain relevant Tax & Treasury models, check files and presentations
People Management:
Motivate, coach and lead direct report(s) within the Tax & Treasury team to achieve highest standards of excellence
Responsible for managing and developing the Tax & Treasury team and monitoring performance through regular performance reviews
Qualifications
5-8 years to include post articles experience
People management experience of 3-5 years
Chartered Accountant with excellence in accounting academically
Knowledge of Income Tax Act, Transfer Pricing, VAT Act and Companies Act
Knowledge of IFRS and US GAAP regulations
Knowledge of exchange control regulations
Knowledge of Operating Cash Flow
Apply via :
www.pepsicojobs.com