Skip to main content

This job has expired

Head of Tax and Treasury

Employer
Centrica
Location
Belfast, UK
Salary
Competitive
Closing date
Oct 21, 2019

View more

Job Role
Tax Compliance
Sector
Finance
Contract Type
Permanent
Hours
Full Time
About the CompanyCentrica PLC is UK headquartered £30bn revenue FTSE100 energy group with annual EBITDA of £2bn which is transforming itself into a world class Energy Services and Solutions provider working with its customers to a lower carbon future during a period of accelerating global change.The Group Headquarters are in Windsor, West of London.It is the leading UK energy service and supply business through its British Gas brand and in North America through its Direct Energy brand. 35% of the Group's revenue comes from the US and Canada. It is also active in Continental Europe with operations in Norway, Denmark and Ireland.The Group has over £5bn of debt primarily from public bonds from a $10bn EMTN program and benefits from credit ratings of BBB/Baa1 from S&P and Moody's. The importance of risk management and strong investment grade ratings for the Group's energy and related trading businesses and the need for significant and secure financing arrangements places treasury risk management at the very heart of decision making by the CFO and the Board.For further information;Purpose StatementThe Head of Tax and Treasury will lead and motivate the newly combined treasury and tax teams located in the UK and the US, will complete their transformation agenda, deliver a secure financing platform and provide strategic advice and insight to the CFO and Board.AccountabilitiesTo ensure the effective implementation of Group treasury and tax strategy and governance protocolsTo provide leadership to the teams and encourage training and talent development To act as a Business Partner to the CFO, Board and wider commercial teams, to identify financial risks and opportunities in both treasury and tax and provide value creating advice and insight to the business.To manage bank relationships and the debt portfolio and related risks including outstanding bonds from the EMTN programme, paper issuance from the $3bn ECP programme and borrowings or LC's from the £3bn of Revolving Credit Facilities.To lead the management of rating agency relationships, gain their trust, intimately understand their assessments/methodologies and communicate internally and externally changes to theses assessments over time.To work with the commercial teams to identify, measure, manage and hedge where appropriate significant currency risks within the group's energy and trading operations and understand and report commodity and rating stress impacts.To act as a key advisor on the financing and structuring of M&A activity.To ensure timely and effective statutory direct and indirect tax compliance reporting working with the tax team and outsourced compliance partners including in Bangalore, India.To manage tax risks and related judgements and report positions to the CFO.To ensure timely and effective financial and management reporting and forecasting of the treasury and tax positions to Group Finance, the CFO and the Board.To manage and make effective the treasury and tax outsourcing and offshoring business model, keep the functions leading edge and always seek improvement in process or systems to further minimize costs and increase efficiencyCompetencies and QualificationsCompetenciesA strategic player with the ability to understand business risk, build credibility at the highest level and become a trusted lieutenant of the CFO.An ability to see the bigger picture and capable of identifying, evaluating and promoting value-adding treasury and tax opportunities to the CFO and senior management at both Group and the Business UnitsA strong communicator with a demonstrable ability to work outside their functional comfort zone with commercial teams and secure engagement at all levels of the organisationAn organised, effective and motivational team leaderAn ability to manage multiple priorities and deadlinesEducationQualified Accountant or equivalentA good degreeA professional treasury qualification is a distinct advantageWork ExperienceAt least 5 years at a leadership level in a large corporate treasury environment with extensive working experience of;the debt capital markets, pricing and management of new issuesdealing with the rating agencies with a detailed understanding of their processes and methodologiesan efficient global cash management worldM&A and financing/tax planning considerationsExposure to corporate tax management and related considerations in a UK or multinational tax environmentExposure to an outsourced functional business model and a commodity trading/hedging environment would be an advantage but is not essential.PLEASE APPLY ONLINE by hitting the 'Apply' button.Applications will ONLY be accepted via the 'Apply' button.This role is being handled by the Centrica recruitment team and NO agency contact is required. Full time

Get job alerts

Create a job alert and receive personalized job recommendations straight to your inbox.

Create alert