Analyst, VAT and Tax - German Market
- Recruiter
- GlaxoSmithKline
- Location
- Uxbridge
- Salary
- Competitive and Based upon Experience
- Posted
- 09 Sep 2014
- Closes
- 07 Oct 2014
- Ref
- 103217
- Job Title
- Finance Analyst
- Category
- Consumer products / FMCG, Health
- Experience Levels
- Qualified Accountant
- Contract Type
- Temporary
- Hours
- Full Time
Role overview
This role provides legal, regulatory and tax compliance for the German, Austrian and Swiss markets and focuses particularly on VAT preparation. To be successful in this role you will need a thorough knowledge of Corporate Tax and Indirect Taxes. The role reports to the Tax & Stats Analyst - Germany - VAT.
Basic qualifications:
- Fluency in German and English essential.
- Qualified/Part Qualified (CTA/ACA/ACCA/CIMA) overseas equivalents such as Steuerberater or Steuerfachwirt / Bilanzbuchhalter
- A expert knowledge of Indirect Taxes and an understanding of the wider principles of Statutory Reporting, Corporate Tax, Transfer Pricing, Direct Taxes, with specific knowledge of the German reality, would be considered essential;
- Numeracy, accuracy, attention to detail and displays initiative in solving problems;
- Disciplined, excellent organisation, empathy & resilience towards shared service centre set ups, with capacity of working under pressure and working with tight deadlines;
- Ability to work independently and as part of a team and show initiative;
- Ability to communicate at all levels and manage multiple stakeholders;
- Ability to work with dispersed teams and multicultural and multifunctional teams;
- Willingness to travel
- Relevant Post Qualification Experience.
Not Indicated Preferred Qualifications:
- Professional background: Big 4 firm or audit/ tax consultancy, Shared Services Centre Environment (especially in Knowledge Transfer Projects), Outsourcing, International work experience, Healthcare Sector and Manufacturing & Distribution business desirable.
- Financial modelling skills/high level of competence using Excel and SAP preferred.
Due to the nature of the role flexibility regarding travel is required but is unlikely to be more than 10%.
Details:
Core Responsibilities:
- Manage the end to end migration of tax and statutory reporting activities from the local market(s) to the shared service centre; Statutory Reporting, Corporate Tax, Direct and Indirect Taxes, Transfer Pricing, and Statistical reporting
- Ensure target migrations dates are managed effectively including operation of business as usual on target and achieve stabilisation
- Manage the Monthly/Quarterly/Annual deliveries in terms of Statutory Reporting, Corporate Tax, Direct and Indirect Taxes, Transfer Pricing, Statistical and Healthcare Regulatory Reporting, between the fulfilling of other local Requirements and Taxes;
- Manage corporate tax compliance processes on behalf of GSK’s European markets including:
- Overseeing the ownership of tax sensitive account codes to determine tax treatment (to be reviewed by KPMG) Source data required for the tax return not derived from the General Ledger or Fixed Asset register (e.g. information required to calculate R&D tax credit);
- Resolve queries raised by KPMG during tax return process and perform review of draft tax return;
- Estimate forecast profitability for the purposes of estimating interim tax payments; • Monitor the tax accounts and reconcile balances back to tax authority records and submitted tax returns;
- Prepare withholding tax clearances and other ad hoc tax filings required;
- Monitor tax risks and review quarterly risk questionnaire (prepared by KPMG);
- Prepare and review of draft Indirect Tax and statistical returns on behalf of GSK’s European markets including
- Sales, purchase and miscellaneous transaction review including invoice sampling;
- Resolution of exception items;
- Correction of errors found, including any consequent GL postings;
- Trend analysis;
- Clear and complete documentation of the above;
- Managing the process of gathering relevant financial information to calculate relevant intra group pricing of products and services;
- Carry out historical review of legal entity profitability to ensure compliance with GSK Transfer pricing policies, liaising with Global Tax on exceptions and material markets;
- Prepare and review monthly Balance Sheet reconciliations;
- Manage the outsource providers to ensure activities are carried out correctly and assist in resolving queries or issues with the local market (LOC);
- Work and build good relationships with in country shared services, outsourcing providers, auditors, tax consultants and external authorities where relevant;
- Manage and support with annual audit and special audit requirements;
- Manage financial information to support business unit needs/external reporting requirements;
- Ensure reports, schedules, and summaries for internal & external customers are accurate and timely;
- Ad-hoc Analysis and Projects and perform tasks for other Countries.
- Co-ordination of tax and TP audits, liaising with FD in market and Global Tax to provide support in responding to queries and resolving tax disputes; Ensuring Market specific document retention requirements relating to statutory reports, taxes and TP are met;
- Manage escalations from customers, senior stakeholders and external authorities; Departmental Responsibilities:
- Provide first line financial leadership and ensure legal, regulatory and tax compliance for specific financial reporting team, working closely with Market (LOC) and BPO to achieve objectives;
- Ensure the provision of accurate and compliant financial and tax reporting services to GSK and external authorities on behalf of GSK's markets;
- Other support and analysis activities as required to support the needs of Global Tax and/or Market Finance Partners/FDs;
- Work closely with the risk management function to ensure services provided are complaint and risks are managed and moreover that the BSC controls framework is firmly embedded within day to processes and operated accordingly;
- To continually review processes and seek to communicate and implement changes to improve efficiency, particularly given the scale of the work being taken on and the fact that much of the business contact will be with individuals not based in the UK.
- Actively participate in the optimisation and streamlining of processes across the EMEA tax and stats function
Details:
GlaxoSmithKline is one of the world's leading research based healthcare companies, with operations in over 100 countries and 96,500 employees worldwide. We discover, develop, manufacture and distribute a huge range of healthcare products, from lifesaving prescription medicines and vaccines to popular consumer healthcare products like Horlicks, Sensodyne, Aquafresh and Panadol.
Delivering more than 1,400 brands to over 160 markets across the globe, with an annual turnover in excess of £28 billion. In 2010 alone we delivered 1.4 billion vaccine doses to 179 countries. We're dedicated to helping millions of people around the world to do more, feel better and live longer. We're revolutionizing our business, and pioneering change across our entire industry, to meet changing healthcare needs in both the developed and developing world.
The depth, breadth and influence of our business and the scale and scope of our bold plans for the future mean that we'll offer you the chance to answer some of the biggest questions facing everyone on the planet. Questions about future healthcare needs and questions about building a responsive, innovative, global business to meet them. In 2012, GSK took on the exciting mission of adopting a new business model, translating all service offerings into a multi-functional Business Service Centre (BSC) to provide Global IT, regional Finance and HR & Procurement support services – this role sits within the BSC focussing on excellent productivity and efficiency.