A. Purpose of the job: describe in 1 phrase what contribution the job is expected to make to the organisation's objectives
Support the Head of Finance, Asia in driving the tax and treasury optimisation and planning agenda for Ineos entities and joint-ventures in Asia and be the expert in advising optimised tax and investing structures in BD projects.
B. Environment/Context: describe the most important internal and external factors influencing the job
Internal factors:
• Well-verse in various tax regimes and treasury regulations in Asian countries
• Liaison with INEOS Group’s Tax and Treasury teams
External factors:
• Manage shareholders relationship in tax and treasury space
• Focal point with stakeholders i.e INEOS Group, JV partners’ tax and treasury teams, local tax authorities, consultants, bankers, regulators, etc. relationship management
C. Accountabilities of the job: describe the main results expected from the job
Tax
• Support joint ventures across Asia in transfer price and other tax audits, including working with tax agents to strategise and defend JVs positions to minimize tax exposures
• Devise, implement and oversee the tax plans of the Asian businesses
• Be advisor on INEOS entities’ buy and sell activities to ensure tax opimisation and exposure mitigation
• Optimise tax and deferred tax liabilities for trading entities and businesses in Shanghai, Japan and Kuala Lumpur
• Lead tax and transfer pricing audits discussions and negotiations for Asian joint-ventures and trading entities with tax advisors and tax bureaus respectively
• Ensure compliance to local tax regulations across Asia businesses
• Review tax return and filing for the Asian JVs, trading entities and China businesses
• Be the liaison with tax agents and local tax authorities
• Responsible for tax and VAT returns for trading entities and China businesses
Treasury
• Manage day-to-day activities in treasury functions to meet the financial obligations, including proactively manage and optimize the cash balances at operated sites. optimise interest expenses and incomes and drive return optimisations (eg. dividends) at JVs
• Ensure JVs financing plans are robust and effective, including reviewing and be involved in their loan renewals exercise
• Effectively manage cross-border transactions remittances whilst ensuring compliance with local regularities
• Work with Asian sites and provide an accurate weekly 13 week rolling cash flow forecast, including variances from previous week to enable the Acetyls Board to monitor and report the cash position to Ineos Capital
• Deal with and propose ways to minimise forex exposures
• Responsible all intercompany balances (including operating balances, loan and interest) at each month end ensuring that all transactions are accurately posted
• Responsible for inter-company and shareholder loans
• Manage account receivables and monitor customer receipts on a timely basis, create all new customers in SAP as directed by Credit Control Officer or Sales / Logistics team and issue all miscellaneous Debit or Credit notes as directed. Also set up any standing orders or direct debits as required.
• Work with Credit Control Officer on credit management activities to mitigate Ineos exposures
• Build rapport with bankers and relevant stakeholders
Projects
• Support the Asia Finance Director to participate in new business development projects across Asia as Tax and Treasury advisor
• Review JVs’ new growth/expansion and other projects in respect of Tax treatments and treasury/funding requirements
D. Main contacts: what are the internal en external contacts you have, necessary for reaching your results?
|
Who |
Frequency of contacts |
My role in those contacts |
Purpose of contacts |
|
FMs across Asia |
As and when necessary |
· Accountable
|
Discussion, engagement, issues trouble-shoot |
|
JV partners’ tax and treasury teams |
As and when necessary |
· Consulted
|
Consultation, strategizing, instructions |
|
JV teams |
As and when necessary |
· Consulted
|
Consultation, strategizing, instructions |
|
Tax agents |
As and when necessary |
· Responsible
|
Consultation, strategizing, instructions |
|
Tax authorities |
As and when necessary |
· Responsible
|
Relationship building, discussion, negotiation |
|
Banks |
As and when necessary |
· Responsible
|
Relationship building, treasury management, fund optimisation |
|
BU |
As and when necessary |
Accountable Informed |
Report |
E. Required profile:
Level of education & Experience in general
• Degree in Taxation, Treasury and/or relevant international accreditation
• Over 10 years of experience in related fields
• Experience in tax firms will be an added advantage
Technical skills
• Tax planning and optimisation
• Excellent Microsoft applications skills, esp. Excel
• Strong tax and treasury knowledge
• Excellent communication and negotiation skills
Behavioral skills
• Technical and entrepreneurial
• Well developed Leadership skills
• Excellent interpersonal and networking skills
• A team player
• Personal impact
• Able to identify and quickly assess potential opportunities
• Well-developed strategic and analytical thinking skills