Tax & Treasury Manager at Interswitch

Job description

•     Manage all 'heads of tax' for the group, optimizing the group effective tax rates for both direct and indirect taxes while ensuring compliance in all territories operated in.
•     Manage Treasury operations across the group ensuring that:
•     Working capital requirements are clearly understood and effectively managed
•     Optimal investment of excess cash (excess to working capital)
•     All foreign exchange exposure are identified and managed
•     The group's current and projected cashflow is regularly and accurately reported and explained.
•     Provision of timely and accurate decision support to the business with respect to Tax and Treasury input as applicable to commercial transactions, intra-group activities, acquisitions, business start-ups etc.

Operational responsibilities:
Tax:

•     Timely and accurate delivery/payment of all monthly tax returns/payments (PAYE, VAT, WHT and Income Tax etc.)
•     Monthly reconciliation of all balance sheet tax accounts
•     Ensure timely collection of withholding tax certificates
•     Document and maintain appropriate policies for operating & managing all 'heads of tax'
•     Manage transfer pricing across the group
•     Prepare and file (working with external tax advisors) annual tax returns
•     Manage all tax audits
•     Continuously review developments/changes in tax policies ensuring that such information is effectively communicated and with appropriate actions taken
•     Monthly review of the group's financial results from a tax perspective and sign off that all tax matters are in order
•     Maintain and circulate a monthly log of all open tax issues (with actions and timelines for closure)
•     Maintain the group legal entity structure ensuring it is structured in an optimal manner (in conjunction with the group legal department)
•     Advisor on dividend payments, banking arrangements, intra-group activities, CSR foundation, ePayments managed fund and other business matters.
•     Manage relationship with all relevant external advisors and regulators

Treasury:  

•     Day to day management of working capital
•     Review of all bank reconciliations (at least monthly)
•     Manage all banking relationships
•     Preparation of detailed monthly cashflow report (with commentary), including both the current and projected positions
•     Lead cashflow planning from a forecasting, budgeting and medium term planning perspective
•     Regular review and oversight of the group's capital structure and dividend policy
•     Working across the financial group to understand all matters relating to treasury management, including receivables, payables, fx, business performance, capex etc.
•     Manage FX exposures across the group
•     Optimal investment of excess cash (excess to working capital)
•     Working with the settlement team, manage the set-up, overview and operations of all settlement accounts (both domestic and international)
•     Working with supply chain to manage the importation of goods and services (Letters of credit etc.)
•     Production of data for completion of risk management disclosures in the annual financial statements as it relates to FX risk, credit around receivables etc.
•     Managing all bank charges, cost of financial instruments and interest rates in an optimal manner
•     Ensure that group is fully complaint with all country regulations with regard to the flow of cross border funds
•     Manage/optimize all intra-group funding, loan agreements etc.
•     Advisor to the business on structuring commercial agreements, new products and services, business set-ups, M&A activity etc.
•     Document and maintain appropriate policies for operating & managing all treasury related activities.
•     Prepare and present a monthly treasury report

Strategic Responsibilities:

•     Key contributor to business strategy, proactively advising from tax and treasury perspective.
•     key contributor to continuous process improvement across the group, identifying, advising and implementing systems and process improvements.
•     Proactive participation in initiatives such as roll-out of ERP and business intelligence tools, M&A activities etc.

Key Performance Indicators:

•     Timely completion of tax returns
•     Timely completion of relevant balance sheet reconciliations
•     Reduction in outstanding WHT certificates of X.
•     Tax compliance
•     Delivery of budgeted effective tax rates
•     Internal customer feedback
•     External customer feedback
•     Full and effective implementation of transfer pricing across the group
•     Effective implementation of ERP from a tax perspective
•     Design and delivery of agreed internal training programmes (tax and treasury matters).
•     Delivery of budgeted cashflow and interest
•     Timely and accurate cashflow, tax and treasury reporting
•     Optimal FX management
•     Delivery of agreed systems and process improvements

Education and Experience

•     Bachelor’s Degree in Finance, Accounting, Business Administration or
•     related field
•     Relevant accounting qualification, Tax and treasury qualifications
•     Minimum of 6 years relevant experience

Functional:

•     All aspects of tax to a detailed level
•     Detailed understanding of treasury
•     Detailed understanding of accounting and business
•     Strong appreciation of accounting, tax and treasury systems
•     Very competent in financial modeling, analysis and reporting

Managerial:

•     Manage and prioritize time
•     Plan and organize and schedule work
•     Team work and collaboration
•     Innovation and creativity
•     Integrity
•     Problem analysis
•     Performance management
•     Strategic Perspective

Behavioral:

•     Excellent oral communication
•     Excellent written communication
•     Leadership
•     Organizational awareness
•     Customer orientation
•     Industry knowledge
•     Work planning
•     Confident
•     Highly attentive to detail
•     Ability to multi-task
•     Ability to work well under pressure
•     Adaptive to change
•     Friendly and approachable