Job title: Direct Tax Senior Analyst
Location: Budapest
Contract term: Permanent
About us
Diageo is the world's leading premium drinks company with an outstanding collection of brands, such as Johnnie Walker, Smirnoff, Baileys, Captain Morgan, Tanqueray and Guinness. With over 200 brands in 180 countries and a global network of ambitious individuals, our teams blend a diverse range of experience, knowledge and skills. We connect customers and consumers to our iconic products and build innovative experiences that bring people together to celebrate life.
About the role
The purpose of this role is to ensure that the UK and ROI markets' direct tax processes (including CIT, and other supplementary returns) are undertaken accurately, efficiently (utilising automation and outsourcing where applicable) and on time and the surrounding internal control procedures, legislative requirements are rigorously adhered to.
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The role will implement and ensure ongoing operation of the Global Direct Tax, controls and automation tools under the new Tax Operating model.
Scope of role covers preparing, reviewing CIT, WHT and connected returns. This requires interaction with the Corporate Tax Analysts, a number of functions including both markets and central functions with a special focus on statutory compliance and financial controlling teams.
Accountabilities
- Preparing, (or supporting the preparation of - depending on the level of outsourcing), and in some cases reviewing, CIT returns and connected supplementary returns. In accordance with global standard process and controls, utilising automation tools where applicable.
- Support the annual transfer pricing processes, ensuring Diageo's transfer pricing principles are reflected in the CIT returns Proving information for routine CIT, WHT and other direct tax related audit enquiries and projects for your markets under the supervisory of the Direct Tax Lead.
- WHT calculation, return preparation and data gathering Ensuring compliance with market specific regulatory requirements and legislative changes working closely with Direct Tax Lead, Tax Business Partner and Outsourced service provider.
- Preparing (and in some cases reviewing) balance sheet reconciliations and ensuring these are done on time and in an internal and external control compliant way. Actively leading and coordinating tax document retention for your markets.
- Working with the Global Outsource Provider on Tax reporting processes including Classification and input of permanent and temporary differences into Tax Provision Tool (OTP) for P10 reporting Prior year adjustment calculations Review and reconciliation of tax payments in OTP Tax Provision calculation roll forward Supplying to continuous process improvement- through establishing a LEAN approach to drive effectiveness and efficiency- of direct tax compliance.
- Supporting the new controls and KPI report implementation, monitoring the implemented KPI-s, supporting investigation of the root-cause or errors and working with end-to-end processes to improve KPIs.
- Promptly responding to market queries in respect of markets in their responsibility and supporting direct tax leaders, business partners, SME-s in non-routine questions, projects, and during tax audits in their proficiency
What you'll bring
- Experience at an operational level in direct tax, with 2-3 years of experience in direct tax environment
- ATT exam or ongoing training is an advantage
- Experience with transitions and project management is an advantage
- Experience in working with coordinated software system (SAP) is an advantage
- Experience of Tax Reporting, Statutory Compliance and IFRS
- Qualified accountant, tax advisor degree is an advantage
- Strong Financial process understanding at an operational level in direct tax and tax reporting
- Good numerical skills and confident excel usage
- Able to work with tight deadlines
- Flexibility for adopting to change with positive attitude. Excellent communication skills able to build positive relationships with operational staff and partners
- Strong communication and influencing skills
- Strong risk leadership skills, ability to follow-up/flag potential issues
- Fluent English spoken and written
- Willing for the capability building
Benefits
- Unique Family Leave opportunity
- We work without border - you will work with people from all over the world
- You will deal with extraordinary brand portfolio
- Wide variety of thematic events, after work activities organized by employee communities
- Product Allowance to purchase company products from the staff shop
- We won the Fittest Workplace Award, of course we have a Gym
- Urban legend is true, we do have a Rooftop Bar!
Flexibility
This is key to success in our business and many of our staff work flexibly in many different ways, including part-time and compressed hours. Please talk to us about what flexibility means to you and don't let anything stop you from applying!
Diversity statement
Celebrating our inclusive and diverse culture is core to Diageo's purpose of "celebrating life every day everywhere". This purpose is, in itself, inclusive in nature, as it values everybody irrespective of background, disability, religion, gender identity, sexuality or ethnicity.
We know that for our business to thrive and for Diageo to realize its ambition, we depend on having diverse talent with a range of backgrounds, skills and capabilities in each of the 180 countries in which we operate and to reflect our broad consumer base. We view diversity as one of the key enablers that helps our business to grow and our values, purpose and standards set the conditions for us to respect the outstanding contribution each person brings!