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