Tax Accountant

Job Description

Description InternalJoin our JourneyPetrofac is currently looking to recruit a Tax Accountant Reporting on a permanent basis based in Chennai.What we do 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 the energy industries. Our comprehensive and tailored service offering covers each stage of the project life cycle and a variety of commercial models, giving our clients the flexibility, they need.Equal Opportunities 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.Petrofac is striving to develop a diverse and inclusive culture where everyone can contribute. We encourage everyone to apply, especially those individuals who form part of underrepresented groups. Applications are also welcome from candidates who want to discuss flexible working or job-sharing requests.Key Responsibilities:Tax Reporting

• Deliver on time and right first time internal and external tax reporting for the E&C business unit
• Support the Group Tax team with internal and external tax reporting processes for the Group
• Prepare, review and update project tax calculations for the E&C business unit including estimates of tax at project completion, current tax vs deferred tax split, etc.
• 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 s financial statements
• Periodic review of tax ledgers 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
• Manage and work with the group s 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
• Review, analyse and explain tax positions, e.g. ETR and cash taxes, etc. for bi-annual external, and quarterly internal management reporting
• Deliver timely, accurate, meaningful, and right first-time periodic reports to update senior management on the tax position of the E&C 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 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
• Proactively support the implementation of Oracle Tax Reporting Cloud Services (TRCS) and ensure that it delivers the intended benefits

Essential Skills:

• Chartered Accountant or Part Qualified CA
• Tax reporting professional
• Oracle including TRCS
• Hyperion Financial Management
• 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 analyse current work methods and suggest and rapidly implement successful change
• Strong verbal and written communication in English
• At least 2-5 years 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

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Keyskills :
income taxservice taxaccountingaccountstaxright first timeproject life cycletax auditlife cycletax reportingtax compliancedata managementreporting toolscommercial modelsfinancial statements