Tax & Treasury Manager at Twining

• The Tax and Treasury Manager will be responsible for overseeing tax compliance, planning, and reporting, ensuring adherence to tax laws while optimizing strategies to minimize liabilities.
• Managing banking relationships, arranging financing, facilitating forex sourcing and investment decisions to align with the organization's long-term objectives.

Key Responsibilities

• Timely filing of all Tax Returns including transfer pricing. Supervising the preparation of all applicable tax computations and ensuring prompt payment of valid due tax obligations.
• Leading the business Tax Planning process to minimize tax liabilities and exposures.
• Managing Tax Audits and producing Performance Reports with action plans for full compliance.
• Supporting Finance Team (and other teams e.g., HR) in accounting for income taxes, including effective tax rate forecasts, current and deferred tax provisions, uncertain tax positions, and reconciliation of tax balance sheet accounts.
• Responding to and following up on tax queries from tax authorities and managing relationships with tax consultants and regulators.
• Keeping abreast of current industry tax practices and regulations and advising business and management accordingly.
• Reviewing all contracts/agreements and advising on tax implications before business sign-off.
• Overseeing FX exposures, hedging strategies, ISDA documentation, and reporting, including IFRS9 hedge accounting documentation and effectiveness testing.
• Preparation of cash forecasts to support cash management and longer-term liquidity planning, alongside tracking short-term project funding requirements.
• Daily cash management and monitoring. Ensuring adherence to counterparty limits by sweeping all cash from bank accounts.
• Collaboration with the FP&A team to produce and analyze monthly working capital and leverage reports.
• Oversight of all debt reporting, including principal, interest, and maturity schedules, and compliance with debt agreements and reporting requirements.
• Implementation of proper controls and governance processes for all Treasury operations.
• Leading initiatives to implement effective credit management strategies, aiming to reduce DSO, minimize credit risk exposure, and improve supplier credit terms.
• Cultivation and maintenance of strong banking relationships, collaborating closely with Group treasury.
• Regular communication with stakeholders, providing updates on liquidity status, risk exposures, and compliance matters.
• Collaboration with the group to develop and lead hedging programs to mitigate risk from currency and interest rate fluctuation.

Skills, Knowledge And Expertise

• Professional qualifications: ACA/CIMA/ACCA and certified tax advisor (ACTI)
• Minimum of 7 years' experience working in multinational Fast Moving Consumer Goods ("FMCG") Company.
• Detail-oriented, adept at spotting irregularities.
• Self-starter, takes initiative without needing direction.
• Skilled in building successful cross-cultural relationships.
• Excellent team player with strong interpersonal skills.
• Effective communicator and, quick learner.
• Highly organized and proactive in time management.
• Strong analytical and multitasking abilities.
• Curious and eager to learn beyond immediate responsibilities.
• Able to simplify technical concepts for different audiences.
• In-depth knowledge of tax laws and regulations, including international tax laws
• Ability to identify, assess, and mitigate financial risks
• Cash management, forecasting, and bank relationship management.
• Demonstrable technical ability both in finance and IT (Excel and MIS systems)
• Understanding of branded goods markets (desirable in international context)
• Commercial and manufacturing awareness
• Relationship building and management.
• Financial analysis and planning skills
• Strong organisational skills
• Good interpersonal, communication and influencing skills

Benefits

• Yearly bonus based on personal contribution and financial performance
• Annual Fuel Allowance
• Long Term Retention Plan
• Yearly Salary Review
• Housing Allowance
• 25 days annual leave
• Birthday day off
• Health & Medical Insurance
• Subsidized lunch
• Monthly Team Recognition Awards