Reporting To: Tax Reporting Manager
Location: Shared Service Centre in Liverpool
ABOUT SEADRILL
Seadrill is one of the world’s most modern offshore Deepwater drilling companies. Using ground-breaking technology we operate in 15 countries across 5 continents, employing some 5,000 people representing 65 nationalities. Our vision is to Set the Standard in Drilling. It’s an ambitious goal. And every single one of us has a part to play. Help us to keep innovating, improving and maintaining the highest safety standards, and we’ll give you what you need to be your best too.
Diversity and inclusion are more than words for us. Everyone is welcome—as an inclusive workplace, our people are comfortable bringing their authentic whole selves to work. We continue to build an inclusive culture that encourages, supports, and celebrates the diverse voices of our people. It fuels our innovation and connects us closer to our customers and the communities we operate in.
JOB SUMMARY
As part of our plan to insource the majority of the Group’s tax accounting and reporting activities – switching from a heavily outsourced approach to it being managed and delivered internally, a new role has been created to support the Group Tax Reporting Manager. Located within the Shared Service Centre in Liverpool, the candidate will primarily support the coordination of the tax reporting process for Seadrill, SeaMex and Sonadrill, while performing a number of routine tasks along with other best practice tasks. This will involve liaison internally with the Shared Service Centre, Regional Tax, and Internal Controls teams, along with coordination with the outsourced provider and external auditors.
JOB SPECIFIC RESPONSIBILITIES
* Support the Group Tax Reporting Manager in planning each tax reporting cycle’s timetable, approach, and deliverables, followed by leading the associated testing of the internal templates prior to distribution to the relevant teams.
* Preparation and provision of various tax and accounting information to internal teams (SSC, Regional Tax, Corporate Planning and External Reporting), external partners (KPMG) and auditors (PwC) to ensure all stakeholders can carry out the assigned tasks as per the agreed timetable.
* Review of monthly balance sheet reconciliations of tax accounts, as prepared by the SSC team, identification and associated resolution of issues to ensure that all tax payments and charges are properly recorded in the ledgers.
* Identification and resolution of issues within local tax provisions and tax status reports, as prepared by the Regional Tax team.
* Support the calculation of various group/discrete tax elements including the identification of any late PBT changes, roll-forward of uncertain tax positions calculation to capture standard movements in penalties, interest and FX, and calculation of discrete tax on unremitted earnings, FreshStart adjustments and cancellation of debt income.
* Act as key liaison point with SSC and External Reporting teams to ensure that tax journals both at local (Oracle) and group (HFM) levels are appropriately entered into the system.
* First level preparation/update of the rolling tax summary and associated tax memos ensuring all key tax positions, events and issues are accurately included. With the support of the Group Tax Reporting Manager, liaising with the group reporting team and external auditors to deal with any queries regarding Seadrill and Sonadrill group accounts.
* Act as the main coordinator regarding the currently outsourced tax provisioning process for Seamex, and support the Group Tax Reporting Manager in dealing with queries from the group reporting team and auditors to ensure tax disclosures presented in the financial statements are appropriate under US GAAP.
* Act as control operator in reviewing and documenting the review of the tax reporting process for SOX internal controls purposes.
* Other ad hoc duties as assigned by the Tax Reporting Manager, including but not limited to the coordination of the pre-YE trial run, incorporation of relevant updates of the tax reporting process into the accounting manual and associated training sessions to be finalized and presented by the Group Tax Reporting Manager, and annual revision of the tax treatment of undistributed reserves to be reviewed by the Group Tax Reporting Manager.
SAFETY AT SEADRILL
Our goal is to ensure that ‘nobody gets hurt’ whilst performing their job. Everyone at Seadrill has a part to play in meeting our safety commitment. Through strong leadership and personal responsibility from all employees, we take a systematic approach to identifying, managing and preventing the hazards involved in our day-to-day operations. Nothing is more important to us than the health, safety and security of our workforce and the communities in which we operate and behaving responsibly towards our shared environment. We are vigilant, disciplined and always looking out for one another. We have developed and embedded a strong safety culture onshore and offshore, fostered by all employees, who each have a personal responsibility and the authority to put an immediate stop to the job if they believe it to be unsafe. Everyone at Seadrill is accountable for helping to build this culture of care.
SEADRILL BEHAVIORAL FRAMEWORK
In Seadrill, setting the standard is not just about what we deliver, but how we deliver it. We co-created our Behavioural Framework with our employees, where we identified four key competencies that define our culture and help us to live our values. Our behaviours are embedded in the way we work and support and guide us day to day:
* Drive & Ownership
* Change & Forward Thinking
* Communication & Collaboration
* Service Delivery
KNOWLEDGE, SKILLS AND EXPERIENCE
Essential
* To ensure that accurate data is available for tax reporting of transactions and ongoing tax provisions, an awareness of US GAAP accounting is essential as well as a working knowledge of the main features of IFRS and other local territories’ accounting rules (including UK GAAP), to ensure any adjustments are correctly treated for tax reporting purposes.
* Advanced Excel skills
* Strong analytical skills
* Ability to work in a fast-changing environment and in situations of ambiguity
* Excellent communication, presentation, interpersonal and influencing skills
Desired
* Experience in UK tax compliance (primarily corporation tax) helpful although will consider non-tax specialists with a strong accounting background keen to develop and learn about tax.
* Familiarity with Oracle/HFM/Smartview systems
EDUCATION AND QUALIFICATIONS
Minimum Requirements
Qualified chartered accountant
Preferred
* Desirable to have some PQE
* Background in tax accounting and reporting
JOIN SEADRILL
We value our people and want to retain them. So, we offer a competitive package built around an attractive base salary and a range of benefits tailored to your location.
Join Seadrill. Own the Opportunity.
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