Company Info

Large organization

200 + Employees

PepsiCo is a global food and beverage leader with a product portfolio including 22 brands that generate more than $1 billion each in annual retail sales.

PepsiCo is a global food and beverage leader with a product portfolio including 22 brands that generate more than $1 billion each in annual retail sales. Our main businesses – Quaker, Tropicana, Gatorade, Frito-Lay, and Pepsi-Cola – make hundreds of enjoyable foods and beverages that are loved throughout the world.

Job Title: Tax & Treasury Manager

Location: Lagos

Overview

  • Centre of Excellence on all Tax & Treasury matters for Nigeria
  • Responsible for the application of policy and governance over Tax & Treasury process including but not limited to internal and external submissions as well as local statutory and regulatory requirements (Taxation Laws, Tax planning, Reporting and Tax return processes etc.)
  • Lead the Nigeria MU cash flow agenda including governance over the cash flow process, accurate balance sheet reporting, co-ordination of AOP / Forecast deliverables and timelines, supporting business teams with cash flow project definition as well as monitoring of implementation of actions to achieve cash flow deliverables
  • Control Lead for all Tax & Treasury aspects of business initiatives and projects to ensure control and governance deliverables are proactively incorporated and successfully delivered

Responsibilities

  • 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 data for Corporate Tax for Nigeria
  • Manage all tax returns, tax requests and tax audits from all tax authorities
  • Ensure Nigeria 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 Nigeria
  • 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 Nigeria
  • Drive productivity through understanding and exploring all potential tax savings available to Nigeria 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

Treasury Management:

  • Lead the Accounts Payable process for the MU
  • Ensure all vendor reconciliations are done as per the agreed frequency
  • Co-ordinate and consolidate Cash Flow AOP / Forecast deliverables and timelines
  • Ensure monthly cash flow forecasts and presentations are completed and are reviewed by MU leadership
  • Ensure all cash flow submissions deadlines to Sector/Corporate 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 equity injections
  • 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 MU 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 reviews

Qualifications

  • 5-8 years to include post articles experience
  • People management experience of 3-5 years
  • Chartered Accountant with excellence in accounting academically
  • 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

Deadline: Not Stated

How to Apply: Interested applicants should Click Here to apply online.

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