At a Glance
- Tasks: Prepare tax balances and reports while collaborating with senior stakeholders globally.
- Company: Join GSK, a leading company in the Banking and Financial Services sector.
- Benefits: Enjoy flexible working options and opportunities for professional growth.
- Why this job: Be part of a dynamic team driving process improvements and automation in tax reporting.
- Qualifications: Strong accounting background; CIMA/ACA or equivalent preferred.
- Other info: Mentorship opportunities available for junior staff to thrive.
The predicted salary is between 36000 - 60000 £ per year.
This role is critical in terms of ensuring that GSK can report tax balances in a timely and accurate manner which feed into the overall Group Financial Statements. It has a considerable level of interaction directly with the Group Head of Tax and other senior stakeholders as well as interactions with various finance colleagues around the world.
Key Responsibilities
- Group Reporting: Preparation of the monthly, quarterly and annual tax balances under IFRS which are disclosed in the annual report. In addition, preparation of consolidated tax balances and US GAAP translation for our joint venture, ViiV, for the purposes of reporting to Minority Interest shareholders.
- Entity Reporting: GSK has numerous legal entities that need coordinating and overseeing in order that the year end tax balances can be delivered smoothly. This role not only has responsibility for maintaining the tools used by entities to complete this process, but also for driving forward process improvements and increased automation through use of technology (e.g. Alteryx and Power BI).
- Forecasting ETR and cash tax of the group: This requires considerable insight into the understanding of the business and how the changing product mix and tax landscape will combine across the world to result in the overall blended group effective tax rate.
- Tax Risk Reporting: Management of the Group tax risk reporting process including extensive interaction with both senior internal stakeholders and external service providers.
- Country by Country Reporting (CbCR): Preparation of the public CbCR report and appropriate engagement with stakeholders to ensure accuracy of balances.
- Process improvement and change management: Driving forward changes to the tax reporting process to leverage the common ERP system and working with outsource service providers to ensure efficient delivery of tax reporting entity balances.
- Mentoring junior staff: Aiding the development and career progression of junior team members and contributing to an environment where everyone can thrive.
- Ad-hoc project work.
Qualifications & Skills:
- Strong accounting and tax background (partly or fully qualified CIMA/ACA or equivalent).
- Foundation level understanding of international tax principles.
- Ability to understand and utilize accounting platforms.
- Ability to work with large amounts of data and leverage tools to interpret and present the data effectively (experience with Alteryx and Power BI is beneficial but not essential).
Preferred Qualifications & Skills:
- Strong communication skills (oral and written) to be able to deal with senior stakeholders and finance contacts globally.
- Ability to challenge current thinking and implement process improvement.
Group Tax Reporting Analyst employer: ENGINEERINGUK
Contact Detail:
ENGINEERINGUK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Group Tax Reporting Analyst
✨Tip Number 1
Familiarise yourself with IFRS and US GAAP standards, as these are crucial for the role. Understanding these frameworks will not only help you in interviews but also demonstrate your commitment to the position.
✨Tip Number 2
Network with professionals in the banking and financial services sector, especially those who work in tax reporting. Engaging with them can provide insights into the role and may even lead to referrals.
✨Tip Number 3
Brush up on your data analysis skills, particularly with tools like Alteryx and Power BI. Even if you don't have extensive experience, showing a willingness to learn these technologies can set you apart.
✨Tip Number 4
Prepare to discuss your experience with process improvements and change management. Highlighting specific examples of how you've driven efficiency in previous roles will resonate well with the hiring team.
We think you need these skills to ace Group Tax Reporting Analyst
Some tips for your application 🫡
Understand the Role: Before applying, make sure you thoroughly understand the responsibilities and qualifications required for the Group Tax Reporting Analyst position. Tailor your application to highlight how your skills and experiences align with these requirements.
Craft a Compelling Cover Letter: Use the cover letter section of the online application to clearly articulate how you meet the competencies outlined in the job description. Be specific about your accounting and tax background, and mention any relevant experience with tools like Alteryx and Power BI.
Highlight Relevant Experience: In your CV, emphasise your experience with tax reporting, process improvements, and working with large data sets. Include any examples of mentoring junior staff or driving change within a team, as these are key aspects of the role.
Proofread Your Application: Before submitting, carefully proofread your application materials for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for a role that involves financial reporting.
How to prepare for a job interview at ENGINEERINGUK
✨Understand the Tax Landscape
Familiarise yourself with international tax principles and current trends in tax reporting. This knowledge will help you engage in meaningful discussions during the interview, showcasing your expertise and understanding of the role.
✨Showcase Your Analytical Skills
Be prepared to discuss your experience with data analysis tools like Alteryx and Power BI. Highlight specific examples where you've used these tools to interpret large datasets and improve reporting processes.
✨Communicate Effectively
Strong communication skills are essential for this role. Practice articulating complex tax concepts clearly and concisely, as you'll need to interact with senior stakeholders and finance colleagues globally.
✨Demonstrate Process Improvement Mindset
Think about past experiences where you've successfully implemented process improvements or automation. Be ready to share these examples, as the role requires a proactive approach to enhancing tax reporting processes.