Petrofac is a leading international service provider to the energy industry, with a diverse client portfolio including many of the world\xe2\x80\x99s 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: SENIOR TAX ACCOUNTANT
Manage Direct and Indirect Tax requirements for Asset Solutions Eastern hemisphere portfolio of legal entities and branches in various international jurisdictions in Middle East, Africa, Commonwealth of Independent States and Asia.
KEY RESPONSIBILITIES:
Tax Reporting
Manage all direct and indirect tax reporting/filings for the AS business unit eastern hemisphere.
Prepare, review and update project tax calculations for the AS business unit including estimates of tax at project completion, current tax vs deferred tax split, etc.
Preparation of tax packs for Management and Group Reporting purposes
Prepare tax movement schedules, and periodically analyse, true-up and validate tax balances
Maintain the tax risk register and ensure that all material provided and unprovided tax risks are identified, understood, and tracked
Ensure that all uncertain tax treatments (UTTs) are properly documented and supported
Track and understand the tax compliance cycle in each jurisdiction in order to ensure that tax impacts are correctly reflected in the Group\xe2\x80\x99s financial statements
Monthly review of tax balance sheet reconciliations and reporting tools to ensure the correctness of the reported tax numbers
Ensure that tax payments are correctly recorded in the accounts, and are allocated to the correct project
Compile and report tax payments made across jurisdictions and ensure that adequate documentation is maintained
Provide ad-hoc operations/business support,
Actively support Group Tax projects e.g. UAE Corporate Tax and Transfer Pricing,
Manage and resolve tax enquiries, audits and disputes
Manage and work with external auditors to ensure that the tax audit process is completed smoothly
Support the preparation of tax disclosures and schedules for legal entity financial statements
Deliver timely, accurate, meaningful, and right first-time periodic reports to update senior management on the tax position of the AS business unit
Financial Controls
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 optimise the financial controls framework
Process Improvement
Identify ESSA (elimination, standardisation, simplification, and automation) opportunities, and communicate to relevant stakeholders\xe2\x80\x99 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 Group Finance Systems Manager and the Information Technology (IT) function
Monitor legislative changes, assess the impact on the Group, and propose and implement responses as appropriate
Ensure full compliance with all tax laws and Petrofac Group policies, standards, and procedures
Address ad-hoc tax related queries from colleagues and support ad-hoc tax projects as required
Mentoring and developing junior members of staff.
Escalating issues to the AS Tax Lead when required and keeping them briefed on the teams activities.
Train and raise awareness within the AS Team of the Group\xe2\x80\x99s tax reporting requirements and processes
ESSENTIAL QUALIFICATIONS AND SKILLS:
Chartered Accountant
Tax reporting professional
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 analyse current work methods and suggest and rapidly implement successful change
Strong verbal and written communication in English
At least 4-5 years\xe2\x80\x99 tax reporting experience with a listed multinational company
Big 4 accounting firm trained, relevant work experience in an EPC contractor or other oilfield services preferred
Good working knowledge 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
Ability to self-manage and work autonomously
Diligent and dependable, works with a high degree of attention to detail