Senior Tax Reporting Analyst

at  Seadrill Limited

JOB SUMMARY

As part of our plan to insource the majority of the Group’s tax accounting and reporting activities – switching from a heavily outsourced approach to it being managed and delivered internally, a new role has been created to support the Group Tax Reporting Manager. Located within the Shared Service Centre in Liverpool, the candidate will primarily support the coordination of the tax reporting process for Seadrill, SeaMex and Sonadrill, while performing a number of routine (e.g. first level preparation and review of certain local and group workpapers) along with other best practice tasks. This will involve liaison internally with the Shared Service Centre, Regional Tax, and Internal Controls teams, along with coordination with the outsourced provider and external auditors.

MINIMUM REQUIREMENTS

Qualified chartered accountant
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• Support the Group Tax Reporting Manager in planning each tax reporting cycle’s timetable, approach, and deliverables with - followed by leading the associated testing of the internal templates prior to distribution to - the relevant teams.
• Preparation and provision of various tax and accounting information to internal teams (SSC, Regional Tax, Corporate Planning and External Reporting), external partners (KPMG) and auditors (PwC) to ensure all stakeholders are able to carry out the assigned tasks as per the agreed timetable.
• Review of monthly balance sheet reconciliations of tax accounts, as prepared by the SSC team, identification and associated resolution of issues, so as to ensure that all tax payments and charges are properly recorded in the ledgers.
• Identification and resolution of issues within local tax provisions and tax status reports, as prepared by the Regional Tax team.
• Support the calculation of various group / discrete tax elements including the identification of any (tax impact of) late PBT changes, roll-forward of uncertain tax positions calculation to capture standard movements in penalties, interest and FX, and calculation of discrete tax on unremitted earnings, FreshStart adjustments and cancellation of debt income.
• Act as key liaison point with SSC and External Reporting teams to ensure that tax journals both at local (Oracle) and group (HFM) levels are appropriately entered into the system.
• First level preparation / update of the rolling tax summary and associated tax memos ensuring all key tax positions, events and issues are accurately included.With the support of the Group Tax Reporting Manager, liaising with the group reporting team and external auditors to deal with any queries with regard to Seadrill and Sonadrill group accounts.
• Act as the main coordinator with regard to the currently outsourced tax provisioning process for Seamex, and support the Group Tax Reporting Manager in dealing with queries from group reporting team and auditors to ensure tax disclosures presented in the financial statements are appropriate under US GAAP.
• Act as control operator in reviewing and documenting review of the tax reporting process for SOX internal controls purposes.
• Other ad hoc duties as assigned by the Tax Reporting Manager, including but not limited to the coordination of the pre-YE trial run, incorporation of relevant updates of the tax reporting process into the accounting manual and associated training sessions to be finalised and presented by the Group Tax Reporting Manager, and annual revision of the tax treatment of undistributed reserves to be reviewed by the Group Tax Reporting Manager.