The Global Tax Reporting Team is responsible for ensuring the Groupâ€™s income taxes are forecast and reported correctly internally and in externally reported financial statements of BP and ensuring a robust control environment exists across the Tax Function. The team is accountable for ensuring external tax reporting is prepared in accordance with IFRS and BP Group Accounting Policies and Procedures as set out in the Group Reporting Manual, and that the income tax effects of transactions and significant events are properly accounted for. The BP Group income statement tax charge and balance sheet tax provisions are material. In 2017, the full year tax charge was $3.7bn and the balance sheet reflected tax assets of $5.3bn and liabilities of $9.7bn.
The Tax Advisor is responsible for supporting the delivery of the above accountabilities specifically with regard to the group consolidation.
In addition to the key accountabilities, and in light of work underway to transform existing tax reporting processes to deliver efficiency and improved control, the Tax Advisor will support the improvement project and along with others in the Global Tax Reporting team, will play a part in delivery of the changes brought about by this project.
The Tax Advisor reports to the Senior Tax Manager, Global Tax Reporting Consolidation and also supports other Senior Tax Managers in the Global Tax Reporting team.
The successful applicant will be required to develop effective working relationships with their colleagues across the Tax function, with the Finance teams embedded within the businesses as well as with teams in Group Finance including Group Accounting and Reporting.
The role is global in nature and provides an excellent opportunity for the successful applicant to gain exposure to a wide range of tax and accounting issues and insight into the Groupâ€™s global reporting and forecasting processes and underlying business activities.
Quarter end tax reporting and forecasting
Review, challenge and consolidate the reported data from tax teams and work with segment and function contacts to provide rigour to the global reporting process.
Maintain tax master data in the Group accounting system
Submission of data for UK tax consolidation and global adjustments for the presentation of current tax payables and receivables and deferred tax assets and liabilities on the group balance sheet
Review and validation of the tax elements of the Groupâ€™s SEA, ARA and 20-F
Analysis of tax elements in the Group Financial Outlook (GFO)
Delivery and development of robust internal control processes
Ensure compliance with controls over the tax information included in external financial reporting, particularly with respect to the use of spread sheets
Maintenance of control documentation in respect of external tax reporting disclosures
Quarterly Balance Sheet Integrity reviews
Ad hoc project work, including:Support the application of tax accounting policy, identifying and resolving policy issues as they arise, working with the Accounting Policy Delivery Team
Support the modernisation and transformation project
Involvement in the design and delivery of tax accounting training
Degree qualified or equivalent experience/education.
Recognised accounting and/or tax qualification (ACA, ACCA, CPA, CTA etc).
Essential experience and job requirements
The candidate must have:
Strong analytical, financial control, reporting and accounting skills.
Excellent knowledge of accounting and internal control processes and systems and their application.
Strong impact, interpersonal and networking skills
Excellent verbal and written communication skills
Ability to interpret and communicate financial information with clarity.
Ability to work effectively with geographically distributed teams
Ability to manage priorities and meet tight deadlines with a strong track record of delivery
Highly proficient in Microsoft Excel
Fluency in Business English
Other Requirements (e.g. Travel, Location)
There are no additional requirements. Please respond with N/A below.
Desirable criteria & qualifications
The candidate should have:Familiarity with tax reporting
Knowledge of external regulations and standards associated with tax reporting (specifically IAS 12)
Experience of working with FBW and Power BI
Is this a part time position?
We are a global energy business involved in every aspect of the energy system. We have 75,000 employees in 80 countries, working towards delivering light, heat and mobility to millions of people, every day. We are one of the very few companies equipped to solve some of the big complex challenges that matter for the future. We have a real contribution to make to the world's ambition of a low carbon future. Join us, and be part of what we can accomplish together.
The BP Tax Function seeks to ensure that BP complies with all tax laws in the jurisdictions in which the Group operates, in a way that optimizes the Groupâ€™s tax position, acting responsibly towards both shareholders and Governments.
We do this by establishing close relationships with the BP Businesses and working collaboratively with other Functions, in particular Finance, Treasury, Legal, M&A, IT&S and HR.
Corporate & Functions