Tax Manager ( Talent Pipeline)

at  Diageo

Job Description :
Tax Manager
The role requires excellent knowledge of the principles of International Tax and the practical impact of those on operating within a Global Group (Transfer Pricing, BEPS and Withholding Taxes etc).

ESSENTIAL QUALIFICATIONS/ KNOWLEDGE / EXPERIENCE REQUIRED / LANGUAGES

Qualifications

• University / College Degree in finance/business/law
• Financial and Management Accounting & Reporting processes
• Thorough knowledge of the tax legislation of at least one country (where Diageo has significant presence)

Work experience

• 5-15 years corporate tax experience in industry and/or public accounting.
• Accounting background with strong analytical skills
• Professional accountancy qualification Internal / external audit experience and/or SOX
• Risk assessment
• Experience with Shared services process activities
• Business experience and understanding
• Stakeholder management
• Strong compliance and reporting background.
• Ability to review financial data and interpret for tax reporting
• Ability to work independently, organize, and prioritize workload effectively all while being able to work within a strong team oriented environment
• Ability to manage time, meet deadlines and prioritize
• Team worker with ability to coach and motivate team

Language skills
English Excellent, Other relevant language is an advantage
PC skills/System knowledge
MS applications, SAP
Flexibility is key to success in our business and many of our people work flexibly in many different ways, including part-time, compressed hours, flexible location. Please talk to us about what flexibility means to you and don’t let anything stop you from applying.
Our purpose is to celebrate life, every day, everywhere. And creating an inclusive culture, where everyone feels valued and listened to, is a crucial part of this.
We believe the most inclusive and diverse culture makes for a better business and a better world. We know that for our business to thrive and for Diageo to realize its ambition, we depend on having diverse talent with a range of backgrounds, skills and capabilities in each of the 180 countries in which we operate and to reflect our broad consumer base.
Worker Type :
Regular
Primary Location:
1HQ
Additional Locations :
Budapest
Job Posting Start Date :
2024-09-0

TOP 3 LEADERSHIP CAPABILITIES FOR THIS ROLE :

Be Authentic

• Be yourself and stand for what is right and important, be honest and open at all times, demonstrate high integrity
• Build great relationships, both internal and external, challenge effectively wherever necessary.

Consistently Deliver Great Performance/Find solutions

• Think in the future, anticipate trends and opportunities and be imaginative in finding solutions and pursuing opportunities and move them to action
• Develop and apply a great understanding of the business
• Demonstrate brilliant execution, be thorough and apply high standards in everything you do, understand compliance, controls and governance and always speak up of they are not met.

Create conditions for people to succeed

• Build alignment; commit to outstanding partnership, consistently improving
• Have a positive outlook, channel your energy into finding opportunities and solutions even at times of ambiguity, proactively identify, drive and lead business improvement

Top 3 functional capabilities for this role :

Managing Risks and local Fiscal Authorities

• Core understanding of tax authority systems and processes, wide experience and expertise in tax audit management.
• Builds close and strong relationships with local tax authorities ensuring relevant information is provided as required and that Diageo reaches successful outcome on any audit settlements.
• Solid work experience in industry and has strong capability to engage business partners, leadership in tax matters and can influence them for proper tax outcomes
• Involved in making accurate filings and cash payments through reviewing tax calculations and is confident in signing off local tax returns to minimise the risk of tax audits.
• Actively searches for risks using internal and external data sources, monitors predictive indicators within and outside own function. Monitors and ensure mitigation plans are in place and uses judgement to intervene to ensure course correction.
• Clear strategic destination and leadership delivering optimum tax agenda (through strong Technical Taxation knowledge)

Strategic destination and leadership delivering optimum Tax agenda

• Understands local tax and accounting legislation as well as group tax structures and how they interact. Understands and promotes Diageo’s tax policy including indirect taxes (in particular VAT, Customs & Excise Duties), transfer pricing, corporate tax and the importance of intercompany accounting. Applies commercial insight to assess feasibility of business transactions and solutions.
• Understands payroll taxation matter in interaction with HR department, the Employment Tax Team and works to manage compliance challenges and tax audits.
• Understands tax compliance processes and systems. Builds great relationships with outsourced tax providers, Global Tax and Centre of Excellence tax & statutory as well as underlying process teams to carry out tax compliance.
• Can effectively partner within Global Tax to find solutions that are optimal for both locally and for Group.
• Collaborate on the preparation of the annual transfer pricing documentation coordinating with the Global Tax team to ensure consistency and annual global compliance process deadlines are me

Effective partner management across internal and external collaborators (Bringing value for the business through tax)

• Lead of accurate information to the key internal and external partners which is delivered on time.
• Deeply understands the business of the local companies
• Acts as a valuable member of the local business community to full extent support local commercial goals through effective tax solutions
• Proactively searches for opportunities to save cash tax and tax cost in P/L.
• Proactive participation in implementation of Global Tax Strategy Team initiatives and transfer pricing policies; embedding simpler, faster, better reporting

Accountability for minimising tax risk, assesses and mitigate tax risk and ensure tax payments and calculations on a timely basis:

• Brings further structure, direction, solutions and execution to embed governance and framework to tax for the handled countries – active participation in Global Tax team and leading initiatives / implementing specific Global Tax projects
• Regularly monitors tax laws in the covered territory and implement changes in processes as necessary.
• Operates an early risk identification mechanism. Effectively and with pace mitigates tax risk in covered territories. Proactively handles local Tax Authority relationships and local tax audits
• Through effective interaction with local commercial teams and compliance tax teams proactively searches for opportunities to save cash and P/L tax, brings value through tax
• Supports the statutory accounting and group reporting process: (I) provides technical advice on accounting treatments up on request and (II) prepares the notes and the management report