Tax Advisor, Dana Petroleum
Rutherford Cross
Published
February 24, 2023
Location
Aberdeen, United Kingdom
Category
Default  
Job Type
Region
- Aberdeen
Sector
Industry and Commerce
Specialism
Tax

Description

The Company

Founded in 1994 and headquartered in Aberdeen, Dana Petroleum Limited is an exploration and production company, and a wholly owned subsidiary of the Korea National Oil Corporation, having been acquired in 2010. Dana has 38 production assets, producing 40,416 barrels of oil and gas per day on average. 75% of the operations are currently in the North Sea.

At Dana, people are vital to how the business is run. Whether working onshore or offshore, the emphasis is on operating as one team. Dana’s people strive to deliver the best results using the company values to guide how they do business.

The Role

The Tax department at Dana Petroleum, which is accountable for compliance and advisory work across all taxes for the organization, is recruiting to bring it to a three-person strong team based in the Aberdeen office.

The team, led by Nicola Hyland, is currently looking for a Tax Advisor. This position presents an excellent opportunity for a first class, qualified or part-qualified, tax or finance professional from an accounting firm, or from another industry, with the desire to progress their career within tax.

On offer for professionals joining the business, are clear opportunities for professional development and the opportunity to work within a high achieving and supportive finance and tax team that promote a collaborative culture.

There are key differentiators at Dana. Due to the structure and size of the tax team, the level of autonomy available, and the opportunity for wide exposure to varied work within a challenging and fast paced environment is attractive.

Duties & Responsibilities

Reporting to the Tax Manager, the successful candidate will have the opportunity to be part of a small and busy team that has responsibility for the following:

 Strategic:

  • Implementation of the Group’s taxation strategy
  • Help establish and formalise taxation processes and controls
  • Monitor UK and overseas tax affairs
  • Manage the UK and overseas effective tax rates

Relationships:

  • Maintain relationships with auditors and professional advisors
  • Provide support to the Finance, Legal, Commercial and Business functions in relation to   material tax matters
  • Provide support to Dana shareholders, KNOC as required
  • Keep pace with legislative developments and assist in the representation of Dana’s views to Government bodies as appropriate
  • Maintain relationships with UK tax authorities as appropriate
  • Attend and Represent Dana at industry body meetings, for example UKOITC / OTAC

Tax Provisioning: 

  • Prepare/Review monthly CT Effective Tax Rate calculation
  • Prepare/Review tax monthly reforecasting
  • Prepare/Review of the UK PRT and CT quarterly true up provisions
  • Review monthly tax provision submissions from overseas
  • Prepare statutory accounts tax provisions
  • Prepare UK tax forecasting calculations for the Planning process
  • Liaise with the Group’s auditors on taxation matters
  • Assist with Group budgeting and forecasting from a tax perspective

Tax Compliance:

  • Complete UK corporate and PRT tax returns
  • Calculate UK tax payments / refunds and interest
  • Complete monthly UK VAT return and management of payments / repayments
  • Support in relation to the management of relevant tax authority enquiries
  • Prepare and submit the annual Schedule 23 return
  • Prepare and submit the annual EITI report
  • Prepare and file the EU Accounting Directive Extractive report

Tax Advisory: 

  • Tax optimisation of group financing and inter-company transactions
  • Provide advice in respect of commercial documents
  • Identify and implement UK tax planning strategies
  • Review and monitor underlying financial systems, and identify improvements required to ensure the integrity of tax returns
  • Identify and/or liaise with appropriate external advisors and agreement of appropriate fee arrangements
  • Provide support to business in relation to strategic projects (e.g., acquisitions and divestments, commercial structuring of transactions, etc)
  • Support economics, business and planning teams in relation to modelling of UK   taxes

Customs: 

  • Review the monthly bills of discharge and carrying out the monthly checks
  • Actively work with the external customs agent / freight forwarder and Supply Chain / inventory management teams to monitor goods imported under our end-use authorisation, ensuring that the relevant requirements are met
  • Support in relation to relevant tax authority enquiries

Everyone working for or on behalf of Dana Petroleum has the following responsibilities:

  • Familiarise with the Dana Policies, including the policies on HSE, Risk Management and Major Hazards
  • Familiarise with the One Dana Management System and its meaning for day- to-day work
  • Familiarise with the work and be aware of all associated risks for People, the   Environment, Assets and Reputation (PEAR)
  • Report any incident, near miss, hazards (unsafe acts/situations) and improvement suggestions
  • Know their roles and responsibilities
  • Actively participate in any job or HSEQ training or instruction by or on behalf of Dana Petroleum
  • Use all provided means as intended and according to their purpose

The Individual

Candidate Requirements:

The Tax Advisor role requires a strong finance professional, ideally with experience in corporate tax, who can work autonomously and with confidence to establish credibility from internal stakeholders. Experience in corporate tax is desirable but not essential for this role.

You will have:

  • Ideally a professional qualification (ICAS, ACCA or CIMA) or studying towards a professional qualification, or experience in a finance role
  • Ideally a strong corporate tax background, or the desire to work in a tax focused role within industry
  • Commercial aptitude
  • Ability to work both independently and in a team environment
  • Strong verbal and written communication skills
  • Some knowledge of indirect tax (customs and VAT) is preferable but not essential

Remuneration

Basic Salary: £Competitive and commensurate with experience

Company Pension: 10% base salary employer contribution per annum plus Company matching of additional personal pension contributions up to maximum of 5%

Holiday Entitlement: 25 days plus 8 public holidays (4 of which are fixed)

Bonus:  Eligibility for inclusion in the Company annual bonus scheme

Private Healthcare:  Aviva – family cover

Travel Allowance: £2,400 per annum

Sports membership Allowance: £500 per annum

Life Assurance: 4 x base salary

Income Protection Scheme: Offered as a separately insured benefit

Working Hours: 37.5 per week, Monday to Thursday 8.30am – 5.30pm with one hour for lunch, Friday 8.30am – 3.00pm.  Opportunity to opt into the half day Friday scheme, where individuals can request to increase their working time by 15 minutes Monday to Thursday to allow for a 1pm Friday finish

Flexible Working: Dana operate a hybrid working model, where individuals can choose to split their working time between the office and home on a 60%/40% basis respectively

Medicash Health Cash Plan: The health cash plan is an insurance policy that provides cash back for healthcare bills and a wide range of other wellbeing benefits.  Range of benefits provided include private healthcare excess cover, routine dental, complementary and alternative therapies, as well as a range of shopping discounts

The Recruitment Process

  • First round interviews will be carried out by our retained advisors at Rutherford Cross
  • Second stage interview will be with Nicola Hyland, Tax Manager and Fiona Vass, Senior HR Business Partner
  • Final stage will involve meeting with team members from Tax and the Corporate Accounting Team
  • Applications should be sent to [email protected]

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