Tax Analyst at Puma Energy

Tax Analyst

Puma Energy

October, 2023

Main Purpose:

Assist the Finance Manager to effectively manage the taxes of the country in line with the tax framework (policies, procedures, etc.) defined by Group/Regional Tax.

KEY RESPONSIBILITIES

Tax Reporting and Compliance (direct and indirect taxes)

• Ensure accurate preparation of the monthly tax computations happens & ensure HFM validation as per agreed deadline in respect of monthly tax reporting of the Country operations.
• Ensure true up analysis post tax flings is done and reconciled in the next month’s tax reporting for each entity.
• Ensure correct monthly accounting of VAT & other taxes in local accounts (including tax provisions, WHT, petroleum tax levies, etc) in Country and provide feedback on the necessary reconciliations.
• File accurately and timely the CIT and TP returns/filings for the Company.
• File accurately and timely the VAT returns for the company
• File accurately and timely the other local tax returns for the company
• Explain the balances and movements in the tax accounts as well as tax issues and risks on a monthly basis to the regional tax team.
• Provide feedback on movements on tax issues and risks on a weekly basis to the regional tax team.
• Ensure all financial & tax information is saved in shared directory and available for reproduction if required by tax authorities or other stake holders.

Tax working capital – Cash flow and cost management

• Implement & integrate in tax control processes, tax cash flow system on all within tax scope receivables & payables.
• Work with & provide guidance to local finance team to achieve material reduction of mainly indirect & direct tax receivables.
• Pro-actively monitor and follow up with local tax authorities (and consultant) to push for full recovery or monetisation of all submitted tax refund claims.

Tax audits & legal tax proceedings

• Coordinate and follow up in consultation with local team/regional/group tax until the close of the current & planned tax audits and investigations with the tax authorities and provide monthly feedback to regional/group tax on the progress.
• Take accountability for any follow up with the tax authorities in order to clear any query prior or during the tax audit process – this includes monthly review of the statement of account for the entity with the authorities and reconciling their tax receivables/payable status with the entity’ books.
• Ensure all financial & tax information for the company is saved in the shared directory and tax risk register and available for reproduction if required by the tax authorities or other stake holders.
• Preparation of Defence File Memos for on-going audits/assessments/issues in the country.

Tax planning & Tax risk management

• Keep abreast with new tax developments in-country, particularly the direct/indirect tax changes impacting Puma downstream business in-country.
• Ensure professional & productive working relationship with the tax administration of the Country.
• Complete the on-line Puma tools (TPCC, PERIT, Petrus, Monday.com, TRR etc) relating to the tax filings, reconciliations, deadlines and monthly status review of the tax risk register for the company
• Identify and address any tax contingency issues – Raise awareness of global tax risk management policy with the local finance team

REQUIREMENTS

Education and Experience

• Degree in Tax/Accounting
• At least 5 years’ experience in Tax or tax accounting, preferably within a big “4” accounting firm or the tax audit division of the tax administration.
• Good knowledge of mid & downstream oil & gas’ indirect taxes in the Country would be an advantage

Skills & competencies:

• High potential profile and Self-motivated
• Team player with ability to deal effectively with non-tax people
• Good verbal and written communication skills with the ability to articulate complex information
• Having a good acumen for business
• Can work independently with strong organizational skills and excellent attention to detail.
• Ability to prioritize and schedule work and meet multiple deadlines. Able to work under pressure.

KEY RELATIONSHIPS

Internal – Regional/Global Tax Team, Regional/local FM, other departments

External – Auditors and tax/legal advisers

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