JOB PURPOSE:

The purpose of the job is to:

1. Coordinate and report on taxation deliverables across given country cohort
2. Review country finance calculations and determination of tax outcomes prior to submission – work with country finance teams to amendments if required
3. Provide insight and “know how” into key elements of tax framework, such as tax transfer pricing, with-holding tax & VAT (including opportunities for enhancement)
4. Liaise with Tax team in Head Office as required

 Finance Governance & Other Controls

1. Provide oversight and coordination (where necessary) of regulatory reporting deliverables across given country cohort
2. Ensure any non-standard or customised approaches to financial management within a given GCCE country are adequately disclosed and discussed with International CFO 
3. Review approaches adopted across countries to test integrity and accuracy of returns and compliance with obligations
4. Provide insight and “know how” to ensure best practice with regards to efficiency, integrity of returns, system configuration and use
5. Country Finance Coverage - Have sufficient and knowledge to cover a range of country finance responsibilities in the event of deployment to a specific team is required
6. Act as a key Point of Contact for HO Financial Control and Financial Reporting teams for ubiquitous requirements across countries – some examples being AOV, Internal Audit points, and Financial Statement lodgement
7. Build effective relationships with country finance stakeholders by de-risking key processes carried out by small FTE teams

Operational Deployment

1. Be ready and able to act as a Country CFO/HoF on an interim basis if circumstances require
2. Provide additional “hands on” finance expertise to countries when required by strategic initiatives and/or executive management decisions

KEY ACCOUNTABILITIES:

1. Shows good drive and initiative with strong interpersonal skills
2. Ability to work under pressure and within tight deadlines
3. Ability to interact with multiple stakeholders across the bank
4. Deals with internal / external auditors and external consultants wherever required
5. Deals with Tax authority as directed

Specific Accountability

1. Maintain and update a consistent Tax Calendar to highlight important tax events and deadlines for taxation deliverables across given country cohort. This includes tax filings and payments covering corporate income tax, tax incentive schemes review and renewal, indirect taxes, and Tax Transfer Pricing (TTP) documentation requirements.
2. Connect with local external tax advisors to ensure local tax events and deadlines are relevant to FAB to ensure the Tax Calendar accuracy and integrity.
3. Using the Tax calendar, coordinate and report on taxation deliverables across given country cohort
4. Tax queries from local tax authorities (if any) should be included in the Tax Calendar and monitored to ensure timely response and closure.
5. Engage Group Tax, local Finance teams, and local external tax advisors to monitor their progress and drive actions to meet the deadlines stipulated in the Tax Calendar.
6. Provide regular updates on the Tax Calendar progress to regional / HO stakeholders.

2. Local Tax Return & Tax Documents Preparation

• Provide insight and “know how” to local Finance teams in preparing all tax return documents and tax queries as required across all locations in the region.
• Provide guidance for consistent procedure controls on the P&L data preparation by local Finance teams (to be given to local external tax advisors for tax computation purposes).
• Work with local Finance teams to extract P&L data and financial information and other ledgers / systems (required for local external tax advisors’ template) on a timely manner
• Support local teams for TTP, WHT & VAT documentation requirements as per FAB Group policy and local tax regulations.
• Review calculations & workings by local Finance teams and/or by local external tax advisors and determination of tax outcomes prior to submission – work with the local teams to amendments if required
• Coordinate with local FAB Finance, Group Tax, and local external tax advisor to review and finalise tax computation / TPD preparation and review for final submission to local tax authorities.

3.      FAB Group Tax Reporting & Certification: Quarterly & Annually

• Provide guidance to local Finance teams to ensure quarterly Form 7 and annual certifications are submitted to Group Tax on timely basis
• Review the quarterly Form 7 prepared by local Finance teams to ensure reasonable effective tax rate and sufficient local tax expense provision has been accrued YTD according to the quarterly Form 7 computation.
• Review local tax provisioning including DTA/DTL for quarterly and annual reporting and align with stakeholders (Local Finance / HO Finance / Group Tax) for all locations within the region.

B. Finance Governance & Other Controls

4.      Local Regulatory Reporting Control Framework

• Provide oversight and guidance to local Finance team to implement proper controls framework for local regulatory reporting for locations across the region (for example, list & ownership of local regulatory returns, SOPs documentation, issues management, change management, local escalation, and approval forums)
• Review approaches adopted across countries to test integrity and accuracy of returns and compliance with obligations
• Provide insight and “know how” to ensure best practice with regards to efficiency, integrity of returns, system configuration and use

5.      Finance Process Control & Improvement

• Provide guidance to local Finance teams to develop and improve procedures and controls on local statutory reporting, regulatory reporting, tax reporting, and filing / submission process.
• Develop a work model to monitor timely responses (by local Finance teams) to information request from internal / external auditors, external tax advisors, Group Tax, tax authority or regulators’ enquiries and other relevant stakeholders
• Provide guidance to local Finance teams on relevant updates on Tax technical and accounting standards relevant to the local Branch’s business profile for locations within the region.
• Provide oversight to local Finance teams to maintain and update local Finance SOPs (with a local Finance SOPs inventory) in line with Group Finance and Tax policies and procedures

6.      Finance Governance

• Provide guidance to local Finance teams when preparing responses to internal / external auditors, tax advisors, Group Tax, tax authority or regulators’ enquiries
• Represent country finance (including operational tax) viewpoints on internal projects (as and when required) and liaise with HO Finance / Group Tax for financial accounting policies and Group Tax policies
• Act as a key Point of Contact for HO Financial Control and Financial Reporting teams for ubiquitous requirements across countries – some examples being AOV, Internal Audit points, and Financial Statement lodgement, Financial DOAs.
• Build effective relationships with country finance stakeholders by de-risking key processes carried out by small FTE teams

 Operational Deployment

• Country Finance Coverage - Have sufficient and knowledge to cover a range of country finance responsibilities in the event of deployment to a specific team is required (including as C-CFO/HoF)
• Be ready and able to provide “hands on” FTE capacity to country finance teams when necessitated by heavy workloads, staff absence, cross training and contingency planning
• When requested or necessary, provide thought leadership to country finance teams in subject matters that cover the full spectrum of Group Finance activity (FPA, Business Partnering, Treasury, Financial Reporting, Tax and Control)

 FRAMEWORKS, BOUNDARIES, & DECISION MAKING AUTHORITY:

Key support for tax information for the region

• Group Tax Policy adherence
• Group Governance Policy for Taxation
• Delegated authority on administration for Corporate Tax in region
• Group FPA policies
• Delegated Authorities determined by operational deployment as and when they occur

QUALIFICATIONS & EXPERIENCE:

Minimum Qualification

• First or Second degree qualification required
• Relevant Accounting or Tax qualification preferred

 Minimum Experience

• Good accounting principles knowledge
• General corporate tax and Transfer pricing experience preferred
• Some knowledge of IT systems and use of tax accounting system
• Banking / Financial services industry experience required
• Work experience across number of countries preferred
• Strong communication and interpersonal skills
• Attention to detail
• Quick learner and self-motivated
• Able to record issues and propose solutions with good documents management skills
• Ability to handle pressure and tight timeframes
• Ability to work on project-based tasks in an unstructured environment