tax controller | budapest

orsolya szilágyi, randstad hungary
job type
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job details

job category
accountancy / finance
job type
reference number
973 / 52
orsolya szilágyi, randstad hungary
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Tungsram returns to the market as an innovative global brand, headquartered in Hungary, Budapest. ”Innovation is our heritage” – is the core belief of the new management of Tungsram Group, continuing and reinvigorating a 120 year old proud tradition of Hungarian creativity and innovation. The Tungsram Group will invest into future-safe technologies and dynamically growing global markets, while still strengthening the Lighting core of its business. Tungsram offers on the world market a comprehensive range of premium European brand light sources with design, development and manufacturing in Europe.

We are looking for Tax Controller!

Join and be part of our heritage!

Pozíció leírása / Job description

Main tasks & responsibilities:
1. Manage tax accounting of all Tungsram affiliates
a) In line with international rules as well as the Tungsram accounting policies, design, develop and implement a standard tax accounting processes for all Tungsram entities, including the following:
- calculate and book tax provisions/deferred taxes at month end (monthly closing)
- calculate and book YE tax estimates/deferred taxes
- book adjustments to the final tax liability declared in tax return
- record advance payments
- annual settlement/offset of advance payments and tax liability
- lead tax loss settlement within the group
- calculate and book deferred taxes on temporary differences
- analyze risks, create reserves where it is required

b) Establish a process to calculate deferred taxes according to international accounting standards (including preparation of utilization studies to decide if valuation allowances/reserves are required or not)

2. Prepare corporate income tax budgets, cash flow plans, analyze variances, provide periodic projections, summaries
a) design, develop and implement a tax and Funds Flow planning and analysis process for the group companies, including the following:
- prepare Tax and Funds Flow annual plans, projections in line with group planning cycles for all the entities
- prepare and update mid-year plans (tax & Funds Flow):
- calculate and analyze ETR.
- prepare NOL utilization studies, monitor the profitability of entities, establish reserves where loss utilization becomes uncertain
b) participate in monthly/quarterly closing process
c) analyze tax risks and prepare disclosures in line with FIN48 requirements
3. Support external and internal tax audits at the European Lighting affiliates
Provide data for both internal and external tax audits. Co-ordinate the collection of required information. Review the findings of the audits, identify the financial implications. Communicate the potential financial consequences of the audit to FP&A and the leadership team.
4. Responsible for Corporate Income Tax computations and submissions
Actively participates in the calculation of the corporate income tax (as well as local business tax where applicable) advance payments and annual tax obligations. Co-ordinates and manage the preparation and the submission of tax declarations for the group companies. Establishes efficient processes to collect required inputs from different functions.
5. Manage transfer pricing issues
a) review and re-calculate commission rates for the Tungsram affiliates annually
b) calculate commission adjustments to guarantee the expected profit level to the commissionaires
c) calculate/maintain transfer prices for goods traded outside the commissioner structure
d) calculate HQ charges, other intercompany service charges within the group,
e) implement a process of and co-ordinates the collection of the documentation supporting the HQ charges
f) manage / supervises other service charges, rebilling of the business affiliates to make sure these transactions are at arms-length, and meet the local transfer pricing requirements
g) responsible for the preparation / collection of the transfer pricing documentation required by local legislations

6. Support tax planning, group reorganization initiatives

Provide support for the EMEA Tax Leader as well as for the global Tax Director of the business to identify and implement tax planning opportunities, analyze tax implications of internal reorganization plans, participate in developing alternative solutions.
7. Ad hoc request and analyses

Elvárások / Requirements

• Graduated in School of Economics or School of Finance and Accounting
• Certified Tax Advisor/Expert in a EU Member State
• Has at least 4 years of experience in a significant multinational enterprise
• Good English communication skills, both verbal and written form
• Good user level knowledge of Excel and Power Point is required, knowledge of systems like SAP, Oracle etc. and financial processes is an advantage
• Experience with international tax structures, the concept of deferred taxation is necessary
• Ambitious, ready to new challenges

Amit kínálunk / Offer

- competitive compensation package
- manufacturing environment in Budapest (4th district)
- professional improvement in the area of taxation in the working practice of a globally leading global firm
- long-term career opportunities
- changes in the company provide new projects

Kapcsolattartó / Applications

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