Job Title:Legal Entity Controller - South Africa
JOB ID 23128
LOCATION(S) South Africa
CITY/CITIES Johannesburg
SPECIFIC LOCATION ZA-GT-JOHANNESBURG-OFFICE
JOB TYPE
Full Time
TRAVEL REQUIRED
10%
RELOCATION PROVIDED
No
SHIFT
N/A
DESCRIPTION & REQUIREMENTS:
Position Overview:
The Legal Entity Controller is responsible for managing tax compliance of the
legal entities under his / her jurisdiction and working with the Business Unit
teams to proactively identify and mitigate strategic and transactional tax
risks. The LEC is also responsible for overseeing compliance with US GAAP,
IFRS and / or other local accounting regulations as well as company accounting
policies; and safeguarding the resources of the company by enforcing internal
controls & company policies, and continuously improving them to ensure smooth
operations of the business.
KEY DUTIES/RESPONSIBILITIES:
Briefly describe the primary duties/responsibilities of your job in 5-8 bullet points. Please list these duties in order of importance and include the percentage of time spent or required for each activity.
Strategic Tax Planning, Mitigation & Compliance – 40%
• Proactively work with the BU functions to mitigate all tax risks & support Commercial Finance and Franchise teams in resolving indirect tax issues (excise, customs) affecting the system
• Review significant contracts, agreements and business processes for compliance and tax efficiency
• Maintain tax tracker and engage the BU and Atlanta Corporate Tax department on all tax issues arising and progress in resolving them
• Review of the monthly VAT, Deferred Tax and Corporation Tax computations and related journal vouchers for posting into the ledger and prepare / review monthly tax returns and follow up for timely filing with, payment to & reconciliation with SARS
• Review and approval of monthly/quarterly GL tax account reconciliations
• Review PAYE reconciliations submitted vs. payroll processing vendor and reconcile to the G/L and to tax returns
• In liaison with RC, engage Senior Tax Counsel, external tax advisers and Tax Authorities and coordinate responses to all tax audits and queries within timelines agreed with or demanded by tax authorities
• Collaborate with Legal and company secretarial service providers (PwC) to ensure compliance with Companies’ Act and other local/ secretarial requirements.
• Monthly / periodic review of SARS statement of accounts for all taxes to ensure payments are correctly allocated and receipt of refunds are confirmed by treasury.
• Proactively manage work assigned to external adviser to ensure that agreed timelines are met, quality standards are adhered to within the approved budget.
Operational Control and Compliance – 30%
• Administer the Request for Authority (RFA )database, Coordinate with Group and Corporate Capital Management, review validity and appropriateness of justifications provided by BU associates and advise on documentary requirements of various business transactions requiring RFAs
• Coordinate the quarterly Securities Exchange Commission (SEC) certification process with BU FD, RC, BU Legal & BUP and follow-up with Group and Corporate
• Work with BU Finance to ensure proper documentation, communication and implementation of all relevant company policies and procedures and manage the implementation, compliance with and periodic review / amendment of the Local Chart of Authority and relevant policies
• Review weekly payment proposals and oversee timely clearance of payment block lists to ensure accuracy & compliance before approval / payment
• Monitor compliance with company’s segregation of duties (SOD) rules and perform other system access reviews
Accounting and Reporting – 30%
• Manage non-financial reporting to Atlanta including impairment surveys, third party guarantee reports, legal reserves, payments to government officials, carry-forward spend reporting etc
• Review monthly computation of service fees
• Prepare monthly legal entity P&Ls and narratives and quarterly legal entity balance sheets and narratives
• Co-ordinate the completion, review and sign-off of the Annual Financial Statements with RC, BUFD and external auditors
• Organize a legal entity board meeting with input from BUFD and BU legal director including the preparation of board packs and accompanying power point presentations
• Ensure items highlighted at monthly Balance Sheet Risk and Opportunities meetings are addressed and acted upon within agreed timelines
FINANCIAL/ JOB SCOPE:
Identify quantitative factors for your job, such as volume, annual budget, customer contacts (e.g., # of bottlers, customers, etc.), and other major indicators of the scope and complexity of your job.
Some Examples Include
• No of Reporting Units Managed : 3
• Numbers of team managed and direct reports : 1
• Number of ‘non-standard’ operations consolidated/covered (e.g. supply points, equity bottlers/canners) : 2
• Countries with operations: 1 (in top 10 of markets globally)
• Legal entities: 3
ORGANIZATION IMPACT/ INFLUENCE:
Indicate the nature and level of your contacts within and outside the Company, as well as the nature and purpose of the interaction.
• RFC Regional Controller – Supervision, allocation of work and problem solving
• Senior Tax Counsel / Accounting Research Manager / Treasury Services Managers– Problem solving & exchange of information
• ASM / Disbursements Manager / Treasury Supervisor / AP Supervisor – Liaison, Exchange of information
• BU Finance Management – strategic partnerships, problem solving, SLAs
• BU Operations (Legal) – problem solving
• Suppliers / Tax advisers / Auditors/SARS officials – exchange of information
• Bottler Investor Group Equity Investment contacts & Equity Investees Finance Managers – exchange of information
SUPERVISORY RESPONSIBILITIES:
List the number, if any, and type (full-time, part-time, contract) of your direct reports; indicate the extent of your involvement in supervision including hiring, conducting performance reviews, and terminations as well as team leadership, coordination of work assignments and other indirect supervision. Please attach a copy of your current organization chart, if available.
N/A
RELATED JOB REQUIREMENTS/
QUALIFICATIONS
: List the competencies needed to successfully perform your job, including the number of years and type of previous work experience. Please do not describe your own skills and experience, rather it should be the minimum amount required to perform the job.
Technical Skills:
Tax Planning and Compliance
Strategic Financial Consulting
Risk Management, Internal Controls (e.g. SOX, Segregation of Duties etc) and Auditing
US GAAP, IFRS and local GAAP
Advanced SAP and Excel
Treasury Appreciation
Analytical Skills
Systems Thinking
Company Specific Behavior Competencies
Balancing Immediate and Long-term Priorities
Delivering results
Driving Innovative business improvements
Importing and Exporting Good Ideas
Setting a Winning Example
Generic Competencies
Tolerating stress
Understanding the business
Acting with Integrity
Influencing senior managers
Planning and organizing
Required Experience:
5-10 years experience in Tax and Auditing or Accounting preferably with multinational or professional practice in South Africa.
EDUCATIONAL REQUIREMENTS:
Indicate the minimum education level required to perform the job.
Compulsory that candidate has a University degree preferably in Finance, Accounting or related and is a registered qualified professional accountant (CA, CPA, ACCA, CIMA, or equivalent).
CULTURAL DIVERSITY:
Please describe any language, ethnic or culture differences you face in your job. List any supervisory or Company spokesperson responsibilities you may have
Cross cultural exposure is required and an Ability to interact across functions and hierarchies. Ability to communicate with confidence and influence diverse publics is crucial.
ANALYSIS:
Describe the types of problems you must solve to successfully perform your job. Is the process well defined, or must you develop new approaches to solve these problems?
• Identifying root causes of non-compliance with procedures and policies, developing actions plans to mitigate and tracking progress
• Understanding queries coming from tax authorities, developing a response that takes care of greater company interest and obtaining alignment of all stakeholders (Legal, Corporate Tax etc)
• Developing new internal control procedures to match new business models and ensuring compliance with Tax, Legal, accounting regulations while avoiding undue complexity
• Processes are well defined but there is complexity in dealing and solving problems in a way that satisfies all stakeholders – also, the problems generally vary on a case by case basis
JUDGEMENT AND DECISION MAKING:
Describe the nature and impact of decisions required in your job. Distinguish between recommendations you make to someone else and decisions where you have final authority. Indicate your involvement (if any) with ABP and OBP development and execution.
• Full accountability for ensuring that the BU processes are compliant to company rules and all legal entities under area of responsibility are compliant to tax rules and us GAAP.
• Ensure Stakeholder / business unit requirements are met through effective management routines / processes / planning, partnering, prioritization and organizing
• Ensure escalation / communication of key issues / opportunities including Tax risks, BS and CF risks and opportunities – including recommendations for resolution
WORKING CONDITIONS:
Describe the risk of exposure to hazards in performing your job, and the types of hazards you face.
This position operates primarily in an office environment in Jo’burg.
• The spread of activities and operations is business divergent and presents a moderate level of complexity
• There is increasing pressure and scrutiny on business SARS continually trying to extract more revenues via tax penalties
• Vulnerable and complex business models with potential exposure to unethical practices
TRAVEL REQUIREMENTS:
Indicate the annual percent of time that your job requires overnight travel or day trips. Please include the nature and geographic scope of your travel requirements
• Minimal travel required: 10% of time mainly requiring overnight stays
ADDITIONAL INFORMATION:
Please provide any additional information that you did not include in any of the above sections that would aid in ensuring that this job description represents an accurate and complete picture of the job.
Location: Jo’burg
Grade: 11
At Coca-Cola Ltd. (Canada) you can cultivate your career in a challenging and dynamic environment. We are the largest manufacturer and distributor of nonalcoholic drinks in the world-selling more than 1 billion drinks a day. Unlock your full potential with a future-focused company that is known and respected throughout the world
How to Apply;
http://www.virtualvender.coca-cola.com/na_application.jsp
No comments:
Post a Comment