Tax Reporting and Compliance Senior Analyst

Job Title: Tax Reporting and Compliance Senior Analyst

Location: Budapest

Contract: permanent

About the role

This role sits in the Direct Tax Reporting and Compliance team, focusing on Rest of the World entities. It is critical in delivering the group tax external reporting requirements including our obligations under SOX.   

This role is also focusing on ensuring that European, African, APAC markets’ direct tax processes (including Corporate income tax, suffered withholding tax and other supplementary returns) are undertaken accurately, efficiently (utilising automation and outsourcing where applicable) and on time and the surrounding internal control procedures, legislative requirements are strictly adhered to. 

The scope for this role includes 2 major parts: 

Direct tax reporting: 

• including reporting and reconciliation of return to group report differences, maintaining and managing deferred tax schedules and reconciliation, filling OTP tax provision and deferred tax schedules for non-complex Diageo entities. (OTP- Diageo’s tax reporting system) Additional to the annual reporting, tasks include the Prior Year Adjustment (PYA) and P09 reporting processes for non-complex or medium-complex RoW reporting entities. 

Direct tax compliance: 

• activities such as corporate tax returns, GL reconciliation and supporting of the local tax manager based on the global agreement.  

To perform quality reporting of the entities in scope for this role, both the external and internal reporting will need to be monitored by this role. It will be required to interpret the impact of the changes in the business, taxation and reporting environment to tax reporting. 

There is a wide scope for exposure to key stakeholders within the Finance function. This role will need to effectively build up and manage relationship with GBO FC teams, with the compliance teams and local tax teams. 

You will be responsible for

 - Timely and accurate production of the group prior year tax adjustments and the P09 reporting for non-complex RoW entities in line with the IFRS standards and the group reporting instructions. Without material misstatements or auditor findings. 

- Monitoring of changes to external environment with respect to reporting and taxation and assessment of impact to Diageo including understanding Group auditors’ position and managing to reach alignment on interpretations.

- Understanding the business changes and developments and proactively interpreting and managing the tax reporting implications of those, with special focus on allocated reporting entities. 

- Compliance activities (including Corporate income tax, suffered withholding tax and other supplementary returns).  

Experience / skills required

• Diploma on finance or accounting, 2-5 years of finance experience 

• Interest and motivation to develop strong technical accounting skills with an excellent understanding of IFRS 

• Good communication and influencing skills that facilitate effective networking and relationship building with senior stakeholders 

• Ability to work to deadlines and under pressure 

• Good judgement 

• Imaginative thinker of capable of devising solutions to complex issues  
• Self-motivated and well organised approach to work

Working with Us

Flexibility is key to our success. Talk to us about what flexibility means to you so that you’re supported to manage your wellbeing and balance your priorities from day one.

We recognise and value performance, offering our people a highly competitive Rewards and Benefits package including: 

Our purpose is crafting iconic drinks chosen for life’s moments. And it’s our people, with their different experiences, perspectives and talents, who make that possible.

We value diversity in its broadest sense and want everyone to feel they can belong, contribute and strive for their personal best. You’ll work alongside people with different backgrounds, experiences and perspectives — challenging, supporting and learning from one another as one outstanding team.

Together, we’re constantly learning and improving, combining the strength of our people, capabilities and iconic brands to raise the bar, grow and win.

Wherever you join us, you’ll have the opportunity to contribute, make an impact and play your part in making life’s moments mean a little more.

Ready to bring your best? This could be your opportunity.

If you require a reasonable adjustment, please ensure that you capture this information when you submit your application.