AVP, Group Tax Manager

4 days ago Be among the first 25 applicants

Reporting to the Group Chief Financial Officer, the AVP Group Tax Manager is responsible for managing the tax compliance, planning and reporting activities of the Bank. The role is critical in ensuring that the Bank adheres to all applicable tax laws, minimizes tax liabilities and maintains proper documentation to support tax filings.

About the Team

The Finance team plays an important role in supporting Butterfield’s businesses by providing high-quality planning, reporting, regulatory and accounting services. It’s a fast-paced environment with a global remit. Working with colleagues across the Bank, the Finance team provides senior management with the expertise required to measure the Bank’s performance and shape Butterfield’s future plans.

Your responsibilities will include:

• Prepare, review and/or approve all correspondence and tax returns for the Group and, along with local tax colleagues, act as liaison to various jurisdiction and international Tax Authorities.
• Ensure compliance with applicable local and international tax regulations.
• Manage tax audits and reviews, and resolve any issues raised by tax authorities.
• Provide strategic and business advice relating to cross-border transactions, new rules and regulations, including around international transfer pricing rules.
• Provide ad-hoc tax input and analysis to other internal stakeholders (i.e., Board of Directors and Executive Management), minimizing tax liabilities while ensuring compliance.
• Manage Group and local tax reporting resources.
• Implement and document an effective tax risk management.
• Maintain integrity of Group Tax reporting System/Processes with consideration for data, processes, and reporting through automation, reconciliation, and documentation.
• Ensure accurate reporting of tax provisions in financial statements under relevant accounting standards.
• Monitor changes in tax legislation and update internal policies and communications accordingly.
• Handle transfer pricing documentation and compliance for international operations.
• Advise on issues like double taxation, foreign tax credits and BEPS compliance.
• Prepare periodic and ad hoc Executive Committee submissions for the Tax function.
• Maintain knowledge of the expanding range of cross-border tax reporting requirements in the relevant operating jurisdictions.
• Identify business and tax compliance risks of clients for business units and the Executive.
• Assist in educating business units in tax compliance and reporting obligations for the Bank’s subsidiaries and clients.
• Provide oversight to the monthly, quarterly, and annual reporting processes related to all tax compliance to ensure accuracy and efficiency.
• Direct the ongoing study of specific products and how their structure should be modeled in order to reflect how their profiles impact the tax reporting obligations.
• Respond promptly to ad hoc requests from Executive Management, tax, and regulatory authorities.
• Collaborate with regulators, external auditors, and tax consultants
• Coordinate with finance and legal teams to align on tax matters.
• Assist the Group CFO with other assignments as the need arises.

Your qualifications and skills include:

• Bachelor’s degree in accounting, finance, economics, law or a related discipline.
• Qualified accountant designation (CPA, CA or equivalent) is required. Tax professional qualification (CTA, ICAS, ITP or equivalent) or Master’s degree in taxation is considered an asset.
• Minimum of five years of recent, post qualification experience managing tax compliance and reporting for banks.
• Prior experience in corresponding with International Tax Authorities at a senior level.
• Full understanding of the current direct and indirect tax reporting regimes for banks and for the jurisdictions in which they operate.
• Expertise in banking-specific tax issues, such as withholding taxes on interest, financial transaction taxes, FATCA, CRS, QI.
• Strong analytical and problem-solving skills.
• Familiarity with accounting standards (US GAAP, IFRS).
• Ability to multi-task and prioritize.
• High ethical standards and the ability to build trusting relationships.
• Project and change management experience.
• Strong verbal and written communication skills, with ability to communicate with all levels of management, and liaise with various functions and jurisdictions.
• Self-starter, results oriented, and customer service focused.
• Proven ability to effectively work with and manage multi-disciplinary teams in diverse locations.
• Efficient time management skills and ability to meet tight deadlines, which may include working outside of normal hours, on weekends, and statutory holidays.
• Ability to handle sensitive situations and confidential information with absolute discretion.

Why Butterfield?

Butterfield is a leading, independent offshore bank and trust company. With more than 1,200 financial services professionals across ten international jurisdictions, the Butterfield experience is enhanced by robust learning and development opportunities and comprehensive benefits. Guided by our core values—approachable, collaborative, empowered and impactful—we provide a respectful environment where we value the diversity of our employees and the talents and experiences they bring. With a 160-year tradition of service excellence we empower individuals to achieve their potential and make a positive impact on our business, our clients and our communities.

Seniority level

• Director

Employment type

• Full-time

Job function

• Finance

Industries

• Banking

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