Group Tax and Treasury Executive

Our client, a global engineering business are currently looking to recruit a "Group Tax & Treasury Executive" to join their Head Office Function" in Manchester.

Before reading the specification in detail it is important that you have international accounting knowledge not just UK based knowledge. Approximately 60% of your time will be allocated to supporting the Group Chief Accountant in Treasury. Approximately 40% of your time will be allocated to supporting the Group Chief Accountant in Tax, to take ownership of UK tax, corporate tax compliance and work closely with the Group Chief Accountant to ensure fulfilment of the Group Tax Strategy

Key Responsibilities in relation to the Group Treasury activities include but are not limited to:-

• Liquidity management: review and monitoring of UK / Plc cash position with recommendations for loan draw downs and repayments
• Liquidity review of Group companies to support delivery of reduced interest costs
• Fortnightly group cash flow forecasting to ensure Group cash targets are met
• Preparation of foreign currency cash flows at Group (based on submissions from units) to recommend FX trades in line with mandated Group policy
• Prepare new hedge documents for each derivative requiring a hedge and keep document up to date. Ensure compliance with IAS39 and IAS21.
• Day to day interaction with the Group's core banking group (Lloyds and Handelsbanken)
• Preparation of the relevant disclosures in the half year and full year published results
• Preparation of monthly Treasury report for Group FD - summarising liquidity, hedging, interest costs and banking performance

In relation to the Group Tax activities:

• Production of the UK corporate tax returns (x6) and correspond with UK HMRC
• Monitor and manage overseas Group sites to ensure that the local tax compliance is maintained up to date
• Maintain and update Group-wide transfer pricing documentation including calculation of some Group recharges
• Involvement on any tax projects both UK and overseas.
• Assist the Group Chief Accountant on any tax audit or enquiries within the Group (possible overseas travel)
• Preparation of tax forecasting for the Group
• Assist the Group Chief Accountant in the preparation of the tax disclosures in the financial statements for the Group and UK financial statements.

Person Specification - To apply for this role please consider the following information carefully:-

• Knowledge of UK corporation tax (Alphatax software desirable but not essential)
• Excellent communication skills, both verbal and written
• Ability to operate at all levels of the organisation
• Up to date knowledge of IFRS and UK GAAP
• Knowledgeable or willingness and aptitude to learn Cognos reporting system (an XL based reporting system). Microsoft Excel skills (e.g .-V Lookups, pivot tables etc)
• A professional approach which generates credibility and confidence from others
• Confident and assertive with a self-motivated approach and flexible attitude
• The ability to work in partnership and across boundaries to achieve results
• Ability to successfully present challenging messages
• Driven to support continuous improvement
• Comfortable in different international cultures and in dealing with sometimes sensitive issues
• Proactive and enthusiastic self-starter
• Comfortable working in a changing / evolving environment

If you are genuinely considering this exciting opportunity then you need to be aware that the purpose of this role is in managing and mitigating treasury and tax risks within the Group.

Whilst this role holds no direct reports, you will work in collaboration with regional FD's for all treasury and tax related matters.

You will report directly to the Group Chief Accountant with a dotted line into the Group Finance Director. You will have daily liaison with the Group Finance Team and work closely with the Regional Finance Directors and their reports. Externally you will deal with a couple of the Big"4" practices and Banks in relation to the Group Tax Advisors and Auditors and Group lending Banks.

Still interested?

Then please send a full and up to date copy of your cv with a short covering letter explaining your suitability for the role and why this role is of interest to you. Please apply today!!!