Tax & Treasury Manager at PepsiCo Nigeria

PepsiCo - In 1965, Donald Kendall, the CEO of Pepsi-Cola, and Herman Lay, the CEO of Frito-Lay, recognized what they called “a marriage made in heaven,” a single company delivering perfectly-salty snacks served alongside the best cola on earth. Their vision led to what quickly became one of the world's leading food and beverage companies: PepsiCo. Our company is made up of seven divisions: PepsiCo Beverages North America; Frito-Lay North America; Quaker Foods North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia/New Zealand and China. Each of these divisions has its own unique history and way of doing business.

The AMESA sector consists of the Africa, Middle East and South Asia regions, and features many leading global and local snack brands including Lay’s, Cheetos, and Doritos, along with local favorites such as Chipsy (Egypt), Simba (South Africa) and Kurkure (India and Pakistan), as well as various beverage brands including 7UP, Pepsi, Aquafina, Mtn Dew, Mirinda, and Sting. The AMESA sector covers a wide span of developing and emerging markets, including the key countries of Egypt, India, Saudi Arabia, Pakistan and South Africa. PepsiCo AMESA is headquartered in Dubai, UAE and led by Eugene Willemsen, Chief Executive Officer, Africa, Middle East, and South Asia. PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world.

We are recruiting to fill the position below:

Job Title: Tax & Treasury Manager

Requisition ID: 267331BR
Location: Lagos

Job Description

• 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 US Tax Data Collection Package for Corporate Tax for SSA Snacks and Beverage legal entities
• Manage all tax returns, tax requests and tax audits from all tax authorities, including SSA countries and SSA Beverages
• Ensure SSABU 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 the SSABU
• 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 the SSABU
• Drive productivity through understanding and exploring all potential tax savings available to SSABU 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
• Support AFC Reporting with Tax Treatment for all major CAPEX requests.

Treasury Management:

• Lead the BU cash flow process
• Co-ordinate and consolidate Cash Flow AOP / Forecast deliverables and timelines
• Ensure monthly cash flow forecasts and presentations are completed and are reviewed by BU leadership
• Ensure all cash flow submissions deadlines to Sector 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 dividend payments to the shareholders
• 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 BU 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 reviewsEnsure effective backup and succession planning.

Requirements

• CA (SA)
• 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
• 5 - 8 years to include post articles experience
• People management experience of 3-5 years
• Excellent collaboration, verbal and communication skills
• Ability to interact with senior management
• Advanced analytical, organisational and interpersonal skills
• General knowledge of IFRS and US GAAP regulations for tax and financial instruments
• Excellent computer skills
• Interest in process improvements
• Attentive to detail and accuracy Results and deadline driven

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online