PepsiCo – In 1965, Donald Kendall, the CEO of Pepsi-Cola, and Herman Lay, the CEO of Frito-Lay, recognized what they called “a marriage made in heaven,” a single company delivering perfectly-salty snacks served alongside the best cola on earth. Their vision led to what quickly became one of the world’s leading food and beverage companies: PepsiCo. Our company is made up of seven divisions: PepsiCo Beverages North America; Frito-Lay North America; Quaker Foods North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia/New Zealand and China. Each of these divisions has its own unique history and way of doing business.
We are recruiting to fill the position below:
Job Title: Tax & Treasury Manager
Req ID: 356885
Location: Lagos
Employment Type: Full Time
Job Overview
- Centre of Excellence on all Tax & Treasury matters for Nigeria
- Responsible for the application of policy and governance over Tax & Treasury process including but not limited to internal and external submissions as well as local statutory and regulatory requirements (Taxation Laws, Tax planning, Reporting and Tax return processes etc.)
- Lead the Nigeria MU cash flow agenda including governance over the cash flow process, accurate balance sheet reporting, co-ordination of AOP / Forecast deliverables and timelines, supporting business teams with cash flow project definition as well as monitoring of implementation of actions to achieve cash flow deliverables
- Control Lead for all Tax & Treasury aspects of business initiatives and projects to ensure control and governance deliverables are proactively incorporated and successfully delivered
Responsibilities
- Provide on-going leadership, governance, monitoring, reconciling and administering of the Tax & Treasury process to achieve all targets set (AOP and other non-financial targets) within the financial control mandate. Specific focus:
Taxation Management:
- Consolidate and deliver timely, accurate and reliable tax calculations / data including monthly FAS109 disclosures, quarterly and annual tax submissions to the Region
- Preparation of data for Corporate Tax for Nigeria
- Manage all tax returns, tax requests and tax audits from all tax authorities
- Ensure Nigeria Tax Returns and coordinate the review by an external audit firm before submissions
- Develop networks and initiate discussions / meetings with external consultants and government departments to obtain insights and alignment on potential savings for the company
- Partner with PepsiCo Corporate Tax and external Tax consultants in relation to emerging Tax laws, identify and implement optimum tax planning arrangements for Nigeria
- Drive productivity through understanding and exploring all potential tax savings available to Nigeria including project definition and leadership to deliver Tax savings
- Manage the tax audit for purposes of Annual Financial Statements and ensure accurate presentation and disclosure of taxation in the Annual Financial Statements year on year
- Manage tax risks and exposures arising from existing and new operations for Nigeria
- Review all drafts to legislation, ensuring compliance to the Tax Laws
- Understand, document and communicate potential tax risks including but not limited to uncertain tax positions and provisions under FIN 48 to key stakeholders
Treasury Management:
- Lead the Accounts Payable process for the MU
- Ensure all vendor reconciliations are done as per the agreed frequency
- Co-ordinate and consolidate Cash Flow AOP / Forecast deliverables and timelines
- Ensure monthly cash flow forecasts and presentations are completed and are reviewed by MU leadership
- Liaise with Corporate Treasury regarding planning and execution of equity injections
- Manage relationships with banks and serve as point of contact and co-ordination between business teams and banks
- Drive banking projects including upgrades and migrations to ensure business process optimization and productivity is achieved
- Ensure that all company banking platform users have correct access to banking platforms and all queries with the banks are resolved
- Ensure all cash flow submissions deadlines to Sector/Corporate are met
- Forecast weekly / monthly cash requirements to identify and execute weekly / monthly financing and investment decisions
- Support business teams with cash flow project definitions as well as monitoring of implementation of actions to achieve cash flow deliverables
- Manage all the treasury activities and coordinate with corporate treasury to ensure that all submissions are done in compliance with corporate treasury requirements
Financial Reporting:
- Ensure timely execution of monthly Tax & Treasury deliverables as part MU Financial Reporting process including HFM submissions and required reconciliations
- Review and sign-off other bank account reconciliations owned by other sub functions (e.g. cash collections departments)
- Consolidate and present Tax & Treasury inputs / performance in Balance Sheet Review
- Manage the accounting and recording of financial transactions in accordance with US GAAP and IFRS which have impact on taxation calculations for both US and local statutory submissions
- Provide a Tax & Treasury lenses on the implementation of new accounting policies and advise the relevant stakeholders of changes
Projects & Ad Hoc Tasks:
- Perform projects and participate in business initiatives as directed by the Control & Reporting Director
- Ad hoc analysis of tax treatment of aspects in line with relevant accounting and PepsiCo Policies
- Key role player in supporting internal cash flow initiatives as well as Sector wide projects
- Develop and Maintain relevant Tax & Treasury models, check files and presentations
- Lead Tax & Treasury aspects of business initiatives and projects to ensure control and governance deliverables are proactively incorporated and successfully delivered
People Management:
- Motivate, coach and lead direct report(s) within the Tax & Treasury team to achieve highest standards of excellence
- Responsible for managing and developing the Tax & Treasury team and monitoring performance through regular performance reviews
Qualifications
- 5-8 years to include post articles experience
- People management experience of 3-5 years
- Knowledge of IFRS and US GAAP regulations
- Knowledge of exchange control regulations
- Knowledge of Operating Cash Flow.
- Chartered Accountant with excellence in accounting academically
- Knowledge of Income Tax Act, Transfer Pricing, VAT Act and Companies Act
How to Apply
Interested and qualified candidates should:
Click here to apply
Closing date: Not specified