Tax Compliance Manager (12-month fixed term)

at  Rabobank

Job Overview & Purpose:
Working within Rabobank’s regional tax team (Australia / New Zealand) to ensure compliance with tax accounting, reporting, and payment obligations, across a range of taxes including income tax, GST, FBT, withholding tax, and Approved Issuer Levy. Primarily focused on New Zealand but will assist on Australian tax matters as needed.
Context of Job:
Group Tax Region Australia, New Zealand is a team of five (Head of Tax, Senior Tax Manager, and three Tax Compliance Managers) responsible for managing Rabobank’s tax obligations in Australia and New Zealand.
Four of the team are based in Sydney and one is based in Hamilton. The Hamilton-based Tax Compliance Manager will be commencing 12 months parental leave in late August 2024 and the advertised role is to cover this absence.
This is a 12-month fixed term role.
Key Responsibilities and Accountabilities:
As part of the Group Tax team, you will be accountable for the completion (including preparation, review, and finalisation) of Rabobank’s tax compliance obligations in New Zealand (accounting, lodgement, and payment). You will assist on Australian tax matters as needed.
You will be the first point of contact for New Zealand tax matters. We expect that this will account for more than 80% of your time, with the balance being spent on Australian / regional tax matters.
Whilst a component of the regular New Zealand tax compliance work is performed by another team, you may be required to oversee this work (four eye review) and step into the preparation role as needed (annual leave etc). In addition, you will be responsible for the preparation of some significant New Zealand tax compliance items (such as the income tax returns and FBT returns) for review by a more senior member of the Group Tax team prior to lodgement.

To provide a flavour of the scope of the role, the main tax compliance responsibilities of the Group Tax team, across Australia and New Zealand, are as follows:

• Monthly review and reconciliation of all tax related accounts in the general ledger
• Monthly, half-year and year-end tax effect accounting calculations and financial reporting disclosure statements and notes including Head Office tax reports and reconciliations and liaising with the external auditors
• Preparation and reconciliation of quarterly and annual income tax expense and deferred taxes in accordance with GAAP/IFRS principles for disclosure and inclusion in the Bank’s regulatory and financial reports including preparation of the various tax notes and explanations.
• Annual corporate income tax returns (Australia and New Zealand)
• Annual (Australia) and quarterly (New Zealand) FBT returns
• Monthly interest withholding tax returns (Australia and New Zealand)
• Monthly Approved Issuer Levy returns (New Zealand)
• Quarterly thin capitalisation calculations (Australia and New Zealand)
• Annual Investment Income Reports (Australia)
• Monthly insurance duty returns and payments (Australia)
• FATCA/CRS support.
• Provision of tax advice to internal clients and general tax support to business and operational areas of the Bank
• Research and provision of assistance to other members of the team
• Systems/product reviews, testing and implementation of the bank’s various internal projects from a tax operations and compliance perspective
• Keep up to date with changes in tax legislation and regulations and communicate the application of these changes to the relevant areas of the Bank, including the provision of any tax related training and presentations.
• Assistance with Group Tax’s internal administrative obligations.
• Other duties as directed.

Qualifications:

• Tertiary qualification in Accounting and Taxation Law.
• Certified Practising Accountant (CPA) or Certified Accountant (CA) qualification. Experience:
• Solid tax accounting experience including the preparation and posting of journals.
• FATCA/CRS experience viewed favourably.

Knowledge:

• Good technical knowledge of the New Zealand tax system.
• Advanced tax risk awareness.
• Strong knowledge of the accounting standards regarding tax effect accounting.
• Advanced Excel skills. Proficiency / experience with Power BI is desirable.
• Strong knowledge of banking products and working knowledge of the finance industry in general. Skills:
• Able to make appropriate commercial, tax and practical decisions, exercise personal judgement and contribute to, and challenge others, in the general decision-making process.
• Self-motivated and able to communicate with others to obtain results.
• Ability to extract and manipulate data from accounting, management and finance data systems such as PeopleSoft including preparation and uploading of journals.
• Ability to identify, anticipate and articulate tax issues, controls and recommendations
• Ability to conduct systems/product reviews, testing and implementation of any changes/updates for operational use.
• Strong analytical skills and high attention to detail and accuracy
• Maintains and develops/improves complete working papers and processes with clear audit trails.

This role will close Friday 19 July 202

• Monthly review and reconciliation of all tax related accounts in the general ledger
• Monthly, half-year and year-end tax effect accounting calculations and financial reporting disclosure statements and notes including Head Office tax reports and reconciliations and liaising with the external auditors
• Preparation and reconciliation of quarterly and annual income tax expense and deferred taxes in accordance with GAAP/IFRS principles for disclosure and inclusion in the Bank’s regulatory and financial reports including preparation of the various tax notes and explanations.
• Annual corporate income tax returns (Australia and New Zealand)
• Annual (Australia) and quarterly (New Zealand) FBT returns
• Monthly interest withholding tax returns (Australia and New Zealand)
• Monthly Approved Issuer Levy returns (New Zealand)
• Quarterly thin capitalisation calculations (Australia and New Zealand)
• Annual Investment Income Reports (Australia)
• Monthly insurance duty returns and payments (Australia)
• FATCA/CRS support.
• Provision of tax advice to internal clients and general tax support to business and operational areas of the Bank
• Research and provision of assistance to other members of the team
• Systems/product reviews, testing and implementation of the bank’s various internal projects from a tax operations and compliance perspective
• Keep up to date with changes in tax legislation and regulations and communicate the application of these changes to the relevant areas of the Bank, including the provision of any tax related training and presentations.
• Assistance with Group Tax’s internal administrative obligations.
• Other duties as directed