tax accountant Aberdeen, Scotland
Job description
Petrofac is a leading international service provider to the energy industry, with a diverse client portfolio including many of the world’s leading energy companies.
We design, build, manage and maintain infrastructure for our clients. We recruit, reward, and develop our people based on merit regardless of race, nationality, religion, gender, age, sexual orientation, marital status, or disability. We value our people and treat everyone who works for or with Petrofac fairly and without discrimination.
The world is re-thinking its energy supply and energy security needs, planning for a phased transition to alternative energy sources. We are here to help our clients meet these evolving energy needs.
This is an exciting time to join us on this journey.
We support flexible working requests and have adopted a hybrid approach for most of our office-based roles. We ask employees to be present in the office at least three days per week.
Are you ready to bring the right energy to Petrofac and help us deliver a better future for everyone?
JOB TITLE: TAX ACCOUNTANT – INTERNATIONAL
KEY RESPONSIBILITIES:
- Responsible for direct and indirect tax compliance and reporting for a portfolio of legal entities and branches in various international jurisdictions in Middle East & Africa, Commonwealth of Independent States and Asia for Asset Solutions East.
- Regional focus on Near Middle East, Africa, Commonwealth of Independent States and Asia
- Prepare and file corporate tax returns accurately and on time and arrange for tax payments to be made.
- Prepare and file other periodic direct and indirect tax returns, e.g., VAT in Middle East/ GST in India, WHT, etc. and ensure that all payments are made accurately and on time
- Review and ensure that all positions taken in filed tax returns are adequately supported and documented so that all tax submissions are “audit ready.”
- Assist with the preparation of local transfer pricing documentation and reports.
- Support the tax assessment / audit process and other tax controversy matters, e.g., prepare analyses and reports, compile documentation, etc.
- Analyze and understand tax risks, ensure these are clearly communicated to management, and recommend and implement mitigations.
- Identify and implement solutions to improve the effectiveness and efficiency of tax compliance and reporting processes.
- Understand and keep up to date with all tax laws and regulations in so far as they impact the Tax Accountant’s portfolio.
- Ensure full compliance with all tax laws and Petrofac Group policies, standards, and procedures, and ensure that any deviations are corrected promptly and adverse consequences to the organization are mitigated.
- Address ad-hoc tax related queries from colleagues and support ad-hoc tax projects as required.
- Prepare and post accounting entries in relation to tax.
- Prepare the monthly tax balance sheet reconciliations.
- Actively manage external tax advisers, their fees and performance, supporting the delivery of the tax fees budget of the business unit
- Preparation of tax disclosures and schedules for legal entity financial statements, supporting the AS finance team reporting requirements
- Deliver timely, accurate, meaningful and “right first time” support for periodic tax reporting for the AS business unit, e.g., cash tax forecasting, tax compliance tracker, etc.
- Operate a continuously effective financial controls framework to ensure the integrity of the books of account of the AS business unit.
- Monitor the financial statements risks associated with tax and respond by ensuring the appropriate financial controls are designed, implemented, and operated effectively to provide reasonable assurance on the integrity of the financial statements.
- Assess opportunities to optimize the financial controls framework.
- Identify ESSA (elimination, standardization, simplification, and automation) opportunities, and communicate to relevant stakeholders’ inefficiencies including suboptimal processes in transactional accounting processes.
- Build and sustain a network of key stakeholders to deliver process improvements.
- Improve data management and report automation through close collaboration with the finance systems team and the Information Technology (IT) function.
ESSENTIAL QUALIFICATIONS AND SKILLS:
- Degree level education
- Professional qualification in accounting or tax, ICAS/ACCA/CTA/ATT
- Tax professional with good working knowledge of direct and indirect taxes, and relevant in-house experience
- Oracle including TRCS
- Excel
- Reporting writing and analytical skills
- Ability to work effectively with all areas of the business and to communicate with colleagues and build effective relationships.
- Ability to critically analyze current work methods and suggest and rapidly implement successful changes.
- Strong verbal and written communication in English
- Relevant years of experience within taxation with a listed multinational company
- Accounting Firm trained, relevant work experience in an EPC contractor or other oilfield services preferred.
- Oracle ERP
- Good working knowledge of, and experience of application of, IFRS.
- Ability to work effectively as part of a global virtual team.
- Deadline focused, thrives in a high-pressure environment.
- Resilient, ability to self-manage and work autonomously.
- Diligent and dependable, works with a high degree of attention to detail.
- Strong interpersonal skills
- Willingness to do all requested ad-hoc work.
