Vice President of Tax
Company: Ferguson Enterprises, Inc.
Location: Newport News
Posted on: September 17, 2020
Vice President Tax Management Jobs in Newport News, VA.
Ferguson’s Tax Strategy is to maintain the highest standards of tax
compliance. We support the execution of the Ferguson business
strategy by managing our tax affairs in full compliance with local
law and international guidelines while seeking to maximize
shareholder value and serving the interests of all our
stakeholders. The Company’s tax strategy is published on our
website at the following link..
The VP of Tax is a key member of the senior finance team and an
ambassador and advocate for tax across the business and externally.
This is a very visible role within the business and interacts with
the Executive Committee, CEO and Board on a regular basis, to be
successful it will require someone who can operate at the highest
level and gain respect through influence and reputation.. The VP of
Tax will be a strong and trusted leader for the Global Tax team,
which comprises approximately 20 professionals, based mainly in the
US and also in the UK and Canada. The role is responsible for the
setting and delivery of the Company’s tax strategy, management of
the effective tax and cash tax rates, delivery of timely and
accurate tax compliance worldwide, and the provision of tax
disclosures in the consolidated financial statements. The role
holder will be expected to optimize the Company’s financing and
operating structure and provide advice to the Company, delivering
value and high standards of risk governance.. Responsibilities:.
Set the Global Tax Strategy to maintain an optimal effective tax
rate and cash tax rate, create value and mitigate risk.. Ensure the
global tax position is accurately reflected in the Group’s
financial statements. Ensure compliance with SEC group reporting
requirements including annual and quarterly tax statements and
liaise with the external auditors.. Provide forecasts and guidance
regarding effective tax rates and cash taxes.. Present Board and
Audit Committee reports on the Group’s tax position and strategy..
Manage the UK tax residence position of the parent company and
ensure good corporate governance across all legal entities.. Manage
and optimize the international holding company and financing
structure. In particular ensuring that the Company’s Swiss and UK
financing entities are resourced and performing appropriate
significant people functions, in line with local laws and OECD
guidelines.. Optimize the supply chain ensuring commerciality with
robust transfer pricing while maximizing value.. Ensure the
Company’s tax returns are accurate and submitted on a timely basis
and manage the external Global Compliance & Reporting provider..
Ensure tax risk management operates effectively across the Company.
Review and improve controls, systems and processes, ensuring use of
appropriate technology. In particular, implementation of a robust
and effective SOX control framework.. Pro-actively manage audits
across all taxes and geographies and maintain positive and
transparent relationships with Tax Authorities.. Pro-active
business partnering with cross-functional stakeholders and active
participation in global business development discussions, providing
tax advice and identifying opportunities including ensuring
optimization of credits and incentives.. Optimize the financing and
operating structures for new businesses, acquisitions, divestments
and other group developments and implement appropriate arrangements
within approved risk framework.. Ensure that the Company’s
international transfer pricing requirements are met, such as
ensuring inter-company transactions are appropriately priced,
maintaining OECD compliant Master-Local file transfer pricing
documentation and managing the Country by Country Reporting
process.. Manage, coach and develop the team to provide an
effective, business focused tax function that adds value across the
Company. Take an active role in the team’s personal and technical
development.. Work with the wider Finance Leadership Team to
influence and develop the Finance agenda for the business..
Actively participate as a member of the Treasury Committee,
considering treasury policy, including financial structures and
investments, tax and treasury strategy, policies and certain
transactions on behalf of the Company.. Represent Ferguson plc on
external industry committees as appropriate and raise the profile
of Ferguson’s tax department.. Manage the relationship with tax
advisors.. Follow the Ferguson Code of Conduct, always acting with
integrity.. Qualifications:. Significant experience of building and
leading a tax function in a large, international, public company
are essential.. 15+ years of corporate tax experience, with the
ideal candidate having a mix of both private/Big 4 experience with
at least five years in a tax leadership capacity.. Experience of
presenting tax strategy and results to Board and Audit Committee..
Evidence of managing international tax disputes and maintaining
positive relationships with global tax authorities.. In-depth
knowledge of complex international taxation and transfer pricing
issues in a complex business.. Qualified as a CPA, a Master’s in
Taxation is a plus, with relevant business experience.. Strong
knowledge of US GAAP and ASC 740 (FAS 109/FIN 48).. A strong track
record of managing and building relationships with tax authorities
and other external stakeholders.. Experience of managing through
change.. Demonstrable experience in leading and managing a team of
tax professionals, strong people and team management skills.. -.
The Company is an equal opportunity employer as well as a
government contractor that shall abide by the requirements of 41
CFR 60-300.5(a), which prohibits discrimination against qualified
protected Veterans and the requirements of 41 CFR 60-741.5(A),
which prohibits discrimination against qualified individuals on the
basis of disability.. Get alerts to jobs like this, to your
Keywords: Ferguson Enterprises, Inc., Newport News , Vice President of Tax, Other , Newport News, Virginia
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