February 12th, 2022 at 02:38 am
BT has a key role in British society, fostering change and leading technology innovation. From delivering the Olympics, to supporting the emergency services, to investing more into research than any other UK technology company, we take pride in everything we do – and in the people who work here.
Our mission is to break down the barriers of today to release the potential of tomorrow. Join us today and release yours.
There are two things that we want to share with anyone considering joining us.
Firstly, we’ve got big ambitions for our colleagues and the future of the organisation. These include our vision that inclusion and accessibility drive every conversation we have and every decision we make. We want our workforce to fully represent the communities and customers we serve, because a diverse business is a better business. We value every colleague, their diversity and the contribution that they make. When we say you’re welcome at BT, we really mean it.
Secondly, the one thing the pandemic has taught us is that a lot of current and future colleagues, where and when possible, want to embrace hybrid working. Therefore, we are introducing smart working at BT. Smart working means having the flexibility to choose, as a team, how and where you work depending on your team’s deliverables and needs; when you are at your shared core location to connect with others and when not. It may not be for every role, and, as part of the recruitment process, you’ll have the chance to discuss smart working and how it might work for the job you are applying for.
POSITION: Finance Specialist Manager
Why this Job Matters?
Corporate Functions help deliver our strategy and plans for growth. We shape and steer the direction of the business by managing our people, finances, shared services and buildings. We also oversee our legal, regulatory and compliance obligations too.
Corporate Functions help deliver our strategy and plans for growth. We shape and steer the direction of the business by managing our people, finances, shared services and buildings. We also oversee our legal, regulatory and compliance obligations too.
Specific Job Requirements
- Manage direct tax compliance, tax payments, filing and tax accounting for the countries under the relevant sub-region.
- Manage country indirect tax compliance, tax payments, filing and tax accounting for the countries under the relevant sub-region
- Manage internal transactions, seeking to ensure that assets are owned in the correct entities, intercompany agreements are in place, and charges are raised in accordance with these
- Ensure proper and effective handling of all tax audits such that they are satisfactorily resolved, and that tax exposures are appropriately calculated and provisioned for.
- Minimise transfer pricing risks by working with colleagues in Group Tax and external advisers to ensure compliance with our internal transfer pricing processes, internal trading model and ensure preparation and maintenance of documentation wherever required
- Investigation, validation and payment of VAT assessments issued by tax authorities.
- Negotiation with the authorities for assessment reductions/withdrawals as necessary.
- Compilation and submission of Voluntary Disclosures to tax authorities wherever applicable.
- To provide expert direct/indirect tax advice to BT MEA business and BT partner organizations and make recommendations following negotiations with tax authorities on technical liability, compliance and operational tax matters across a wide range of subjects including product liability, property, international trading, mergers and acquisitions.
- Responding to day to day enquiries in respect of all aspects of tax both orally and in writing, and issuing accounting instructions and guidance where appropriate.
- Minimise MEA tax costs, both in terms of taxes paid and also external costs of compliance.
- Communication of tax ideas and concepts to the business community, and proactive involvement in the business to ensure that the business understand and complies with tax protocols.
- Providing tax support to sales/accounts teams on bids and new contracts, ensuring mitigation of taxes from cost/pricing perspectives, and that any internal tax costs that do arise are factored into our prices.
- Provide support and advice regarding the structuring of acquisitions and disposals, drafting of agreements and related matters, and eventual implementation.
- Assist with company rationalisations, including the business integration and elimination of surplus entities
- Customer contracts – Advice on structuring transactions to avoid Permanent Establishment issues and minimise the tax costs, particularly irrecoverable VAT and withholding taxes. Drafting of wording relating to tax matters and negotiating tax clauses with the customers.
- Provide advice on the indirect / GST / VAT requirements for new billing and accounting systems in conjunction with BT Revenue Assurance teams and BT Operate and Design.
- Acting as a point of contact in the relevant sub-region for other indirect taxes (.E.g. Stamp taxes, property taxes, environmental taxes etc.)
- Identify tax planning opportunities both in respect of direct and indirect taxes and assist in implementation of these within lines of business.
- Implementing local in-country tax control frameworks as part of the global tax control framework.
What I’ll be doing – your accountabilities?
- Execute Group / CFU / CU / unit accounting and financial control activities
- Implement changes to discrete Group / CFU / CU processes & policies
- Steward, lead and partner with the business, to ensure all business activities are carried out in accordance with, and in the spirit of, local legislative requirements, and enhance and protect BT for now and the future
- Lead preparation of key report to contribute to full Group / CFU / CU reporting
- Execute Group / CFU / CU transformation activities to implement changes in line with the Finance Transformation strategy
Capabilities required for the job
- Finance processes and systems – You anticipate and recognise obstacles in work processes between teams and make suggestions for ongoing productivity improvements. You facilitate collaboration and improvements between teams.
- Statutory and external financial reporting – You keep your knowledge up to date on emerging trends and changes in financial reporting principles and practices. You analyse and summarise financial data into concise financial reports to comply with standards and procedures.
- Financial controls, compliance and risk – You partner with related teams to provide audit and control testing for the business. You assess results and recommend adjustments to strengthen our compliance against standards and minimise risks.
- Forecasting, planning and budgeting – You identify, understand and challenge the risks, assumptions, drivers and interdependencies of the forecast and budget. You do this based on your understanding of market trends and macroeconomic factors.
- Use data analytics – You identify opportunities to use data analytics to make better decisions. You deliver process, systems or tool changes to improve our data analytics capability.
Experience you would be expected to have
- Managed headcount and departmental costs when cost was under pressure
- Taught your team how to do their roles more effectively
- Undertook a teambuilding exercise and measured your team’s motivation & feedback
- Managed a low performing team to a successful outcome
- Made decisions in ambiguous situations using incomplete information or differing opinions (eg divided team loyalties or unclear deliverables).
- Actively participated in strategy setting sessions
- Been a spokesperson for others on issues of integrity
- Aligned project plans and objectives with BT strategy and values
- To suit the needs of a customer, colleague or client; moved outside of expected process or practice
- Worked with people from other business locations or functions
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About BT
BT has a key role in British society, fostering change and leading technology innovation. From delivering the Olympics, to supporting the emergency services, to investing more into research than any other UK technology company, we take pride in everything we do – and in the people who work here.
We’re now a global company operating at the forefront of the information age, employing 90,000 people in 180 countries. And we’re on a mission. Guided by our core values of Personal, Simple and Brilliant our goal is to help customers, communities and businesses overcome barriers and release their potential.
So, if you’re interested in the power of potential, why not join us today and release yours? You can read more here about what it’s like to work at BT
How To Apply
Click here to read more and apply
Closing Date: 25th February 2022