At a Glance
- Tasks: Manage tax compliance and relationships with HMRC while mentoring junior staff.
- Company: Ithaca Energy is a dynamic leader in the North Sea oil and gas sector, committed to energy transition.
- Benefits: Enjoy a collaborative culture, diverse workplace, and opportunities for professional growth.
- Why this job: Join a rapidly growing company focused on innovation and responsible energy production.
- Qualifications: Degree in finance or related field; professional accounting/tax qualification required.
- Other info: We value diversity and encourage applicants from all backgrounds.
The predicted salary is between 43200 - 72000 £ per year.
Ithaca Energy is a leading full cycle exploration and production company headquartered in Aberdeen, Scotland. The business has built a diverse and high value portfolio of operated and non-operated assets across the Northern & Central North Sea and West of Shetland. We are a dynamic and ambitious business on a rapid growth journey, recognising that the energy industry is entering a new era. As we move towards energy transition, our commitment to the North Sea is unwavering.
As a leading North Sea Operator, we are an agile and driven business, taking a pragmatic approach to oil & gas production through innovative thinking and advanced technologies. Our goal is to maximise value through the safe, efficient and responsible production of our assets. Success is dependent on our talent, and, with bold and inspired people, we will create a workplace that is diverse and equitable, building a culture of collaboration and inclusion.
Position Overview: Ithaca Energy is accepting applications for the position of Senior Tax Advisor, located in our Aberdeen Office. Reporting into the Head of Tax, with responsibility for taxes as well as managing the relationship with HMRC, the successful candidate will have a good knowledge of ring fence taxation as applicable to a group of upstream oil and gas companies and be either a qualified accountant and/or a member of the Institute of Taxation. The group is dynamic and growing so there is an expectation that the Senior Tax Advisor can apply him/herself where required by the business.
Responsibilities may include but are not limited to:
- Responsibility for filing of the UK Corporate Tax returns of the group.
- Responsibility for filing of PRT returns for the group.
- Assistance with tax governance within the group including publication of the Tax Strategy, Senior Accounting Officer, and the Corporate Criminal Offence, and maintaining relevant documentation to demonstrate and test compliance.
- Assistance with other compliance including, for example, EITI Filings, EU Directive, Country by Country Reporting and Schedule 23 Data Holder return.
- Preparation/review of the quarterly tax provisions of the group and prepare/review tax disclosures.
- Preparation/review of the statutory tax disclosures and provisions of the UK group companies.
- Manage the tax relationship with the auditors.
- Keep abreast of technical developments and advise the business accordingly.
- Attend and contribute towards industry wide bodies, for example, O&GUK and UKOITC.
- Mentor the Graduate Tax Associate.
- As required, support with structuring of M&A opportunities in relation to corporate and asset transactions.
- Support advice on tax planning to ensure optimum utilisation of tax attributes across the group.
- Support advice on financing.
- Assist with other ad hoc tax advice for example, for contracts, decommissioning, finance and economics departments.
Qualifications & Experience:
- Degree in finance or a related discipline.
- Professional qualification in accounting and/or taxation is required.
- Strong team ethic with experience of developing effective working relationships with internal & external stakeholder groups to ensure successful delivery.
- Extensive experience in a tax technical role with experience of application in practice.
- Ideally, also experience in upstream oil and gas industry.
- Leading strong teams.
We are committed to building a diverse organisation with a variety of backgrounds, skills and views. The more inclusive we are, the better we are. We recognise you may not fulfil every criteria but if you meet most of them, please apply.
Senior Tax Advisor employer: Ithaca Energy Inc.
Contact Detail:
Ithaca Energy Inc. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Tax Advisor
✨Tip Number 1
Familiarise yourself with the specific tax regulations and compliance requirements in the oil and gas sector, particularly ring fence taxation. This knowledge will not only help you stand out but also demonstrate your commitment to understanding the nuances of the industry.
✨Tip Number 2
Network with professionals in the oil and gas industry, especially those involved in tax advisory roles. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends and challenges in tax management within this sector.
✨Tip Number 3
Showcase your ability to work collaboratively by highlighting any past experiences where you've successfully managed relationships with stakeholders, such as HMRC or auditors. This will illustrate your capability to navigate complex interactions effectively.
✨Tip Number 4
Prepare to discuss your mentoring experience, particularly if you've guided junior staff or graduates in tax-related matters. This aligns with Ithaca Energy's emphasis on building strong teams and fostering a collaborative workplace culture.
We think you need these skills to ace Senior Tax Advisor
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in tax advisory roles, particularly in the oil and gas sector. Emphasise your qualifications and any specific knowledge of ring fence taxation.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of Ithaca Energy's commitment to the North Sea and energy transition. Mention how your skills align with their goals and how you can contribute to their dynamic team.
Highlight Relevant Experience: In your application, focus on your experience with UK Corporate Tax returns, PRT returns, and any compliance work you've done. Provide examples of how you've successfully managed relationships with HMRC or similar stakeholders.
Showcase Your Teamwork Skills: Since the role involves mentoring and collaboration, include examples of how you've worked effectively in teams and developed relationships with both internal and external stakeholders in your previous roles.
How to prepare for a job interview at Ithaca Energy Inc.
✨Know Your Tax Regulations
Familiarise yourself with the latest UK tax regulations, especially those related to ring fence taxation in the oil and gas sector. Being able to discuss recent changes or challenges in tax compliance will demonstrate your expertise and commitment to the role.
✨Showcase Your Technical Skills
Prepare to discuss your technical experience in tax roles, particularly any relevant projects you've worked on. Highlight your ability to manage relationships with HMRC and auditors, as well as your experience with tax governance and compliance.
✨Emphasise Team Collaboration
Ithaca Energy values a strong team ethic, so be ready to share examples of how you've successfully collaborated with internal and external stakeholders. Discuss how you’ve mentored others or contributed to team success in previous roles.
✨Demonstrate Industry Knowledge
Stay updated on industry trends and developments in the oil and gas sector. Be prepared to discuss how these trends might impact tax strategies and compliance, showing that you can think critically about the business's future.