Tax & Treasury Manager at PepsiCo, Inc.

Overview

• Centre of Excellence on all Tax & Treasury matters for Nigeria. Role holder is 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
• 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
• 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.

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
• 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
• 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.

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
• Lead Tax & Treasury aspects of business initiatives and projects to ensure control and governance deliverables are proactively incorporated and successfully delivered
• 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.

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

• Chartered Accountant with excellence in accounting academically
• People management experience of 3-5 years.
• Knowledge of Income Tax Act, Transfer Pricing, VAT Act and Companies Act
• Knowledge of IFRS and US GAAP regulations
• Knowledge of exchange control regulations
• Knowledge of Operating Cash Flow.