Petrofac is a leading international service provider to the energy industry, with a diverse client portfolio including many of the world’s leading energy companies.
We design, build, manage and maintain infrastructure for our clients. We recruit, reward, and develop our people based on merit regardless of race, nationality, religion, gender, age, sexual orientation, marital status or disability. We value our people and treat everyone who works for or with Petrofac fairly and without discrimination.
The world is re-thinking its energy supply and energy security needs; planning for a phased transition to alternative energy sources. We are here to help our clients meet these evolving energy needs.
This is an exciting time to join us on this journey.
We support flexible working requests and have adopted a hybrid approach for most of our office-based roles. We ask employees to be present in the office at least three days per week.
JOB TITLE: SENIOR INTERNATIONAL TAX MANAGER
This role is based in Aberdeen.
KEY RESPONSIBILITIES:
1. Business partnering: Partner with business teams to deliver commercial, practical, and forward-looking tax advice for current and prospective international operations. This covers all taxes including direct, indirect and employment taxes and may also encapsulate new country entries, evaluation of permanent establishment risks, strategic initiatives, ongoing contracts, tax advice prior to submission of bids, cross border activities, corporate structuring and other ad-hoc tax advice.
2. Transactions: Review, assess, and challenge all material transactions from a tax perspective and ensure that tax risks and mitigations are effectively communicated to management and the relevant risk committee(s). Assist with post-sale integration and restructuring activities from a tax perspective.
3. Contracts: Review contractual documentation from a tax perspective and provide recommendations to stakeholders in order to mitigate risks. Support negotiation of tax clauses in contracts where required.
4. Transfer pricing: Take responsibility for oversight of the transfer pricing policy. Monitor intercompany transactions and pricing mechanisms and provide support to the transfer pricing accountant. Oversee preparation of transfer pricing documentation. Liaise with external advisors on benchmarking studies and documentation updates
5. Planning: Support tax planning activities e.g. recharging central costs, APA applications, new country entries, tax management of ongoing projects, etc. Proactively assess tax and transfer pricing risks and opportunities for the business and ensure these are effectively communicated to all stakeholders.
6. External advisors: Liaise with external advisors in multiple jurisdictions to obtain specialist advice where required
7. Legislation: Monitor and interpret international tax developments and assess their impact on the business.
8. TP: Ensure that TP policies are understood and are properly implemented in the underlying financials. Responsible for coordinating the preparation of local TP documentation, reports, and disclosures, ensuring consistency with the TP master documentation.
9. Accountable for spend on external tax advisers, manage the use of advisers so that their fees come in on or under plan.
10. Critically review the use of external advisers vs in-house resources to deliver optimised budgets without compromising the quality of deliverables and evaluate and implement appropriate engagement strategies and fee arrangements with external advisers.
11. Actively manage external advisers and their performance, resolve issues and make changes where required.
12. Tax planning – significant judgment is required to design and implement optimised structures which will stand up to scrutiny from tax authorities and other regulators.
13. Tax controversy matters - managing tax assessments, and settlements and disputes with tax authorities so that they are concluded on the most favourable terms possible.
14. Risk management - assessing complex tax risks in transactions and projects and making judgment calls as to how they are best dealt with.
ESSENTIAL QUALIFICATIONS AND SKILLS:
15. ATT/CTA/ACA/ICAS qualified
16. Possessing post-qualified, relevant experience
17. Commercially minded, experienced international tax expert
18. Strong technical capability, commercial judgement, and the confidence to engage with senior stakeholders across multiple jurisdictions
19. Practical experience and excellent understanding of UK and international tax legislation and working with advisers and tax authorities.
20. Strong understanding of transfer pricing and cross-border structuring, including practical experience
21. •Strong understanding of global tax regimes including in the UK, UAE, Africa, Australia and the US.
22. Demonstrates the Petrofac Values and Behaviours.
23. Willingness to work flexibly and respond to changing priorities.
24. Strong communication and stakeholder management skills with personnel at all levels and across functions, globally.
25. Strong written communication skills capable of simplifying complex tax concepts for clear understanding.
26. Leadership skills to drive performance, deliver on objectives and develop individuals and processes.
27. Strategic thinker with strong analytical capabilities.
28. Comfortable navigating ambiguity and driving change.
29. Ability to translate complex tax issues into actionable business insights
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Additional Information