Group Tax Manager (Hybrid)

Fastmarkets is an industry-leading price-reporting agency (PRA) and information provider for global commodities, providing price data, news, analytics and events for the agriculture, forest products, metals and mining and new-generation energy markets.

Fastmarkets' data is critical for customers seeking to understand and predict dynamic, sometimes opaque markets, enabling trading and risk management. Fastmarkets is a global business with a history dating back to 1865 and is built on trust and deep market knowledge. It has more than 600 employees spread across global locations in the UK, US, China, India, Singapore, Brazil, Belgium, Finland and beyond. 

The Role

• Following separation from a FTSE 250 Group, Fastmarkets is looking to recruit the first permanent member of its in-house tax function to develop and enhance its tax strategy, policies and processes during a period of exciting and ambitious growth. Key to the success of this role will be determining the right balance of work performed in-house and via outsource providers to ensure the most efficient and effective management of the Group’s tax affairs.

Principal Accountabilities

Compliance

• Working with the Group’s external advisors, being responsible for the day-to-day control and administration of all taxation activities of the Group including VAT, sales taxes and corporation tax in the UK, US and other territories
• Responsible for leading the relationships with external advisors to ensure all corporation tax returns are submitted accurately and on-time.
• To ensure all tax related matters are dealt with in a professional and cost-effective manner.
• To manage the Group’s relationship with tax authorities and ensure all correspondence is dealt with in a timely manner.
• To keep up to date with all current tax legislation that affects the Group and together with the Head of Group Reporting and Tax, appraise the CFO and GFC of relevant changes.

Management of Tax Accounting

• To manage all areas of the Group’s tax accounting including corporation and deferred taxation charges and all balance sheet tax accounts.
• To prepare the tax figures for the year end Group and UK subsidiary statutory accounts and to liaise with the Group’s auditors (PwC) regarding all aspects of those figures.
• To work with the Group finance team in preparation of the tax figures for budgets and all reforecast exercises.

VAT and sales taxes

• Build processes and develop systems to bring the preparation of the quarterly UK VAT return in-house
• Ensure there are appropriate processes in place to ensure all non-UK VAT and sales tax returns are filed on time with in-house or via outsource providers
• Ensure that the Group’s financial systems (Avalara, Salesforce and NetSuite) are configured appropriately to ensure the VAT and sales taxes are charged and accounted for correctly.

Transfer pricing

• Ensure the Group’s transfer pricing policy is adhered to and monitored to ensure it remains relevant as the Group grows.
• Work with advisors to ensure all transfer pricing documentation and benchmarking is prepared and kept up to date.

Other

• Create and manage a global tax compliance calendar to monitor all filing and payment deadlines.
• Build an in-house tax function which is commensurate with the size and complexity of the Group
• Ensure the Group’s financial systems are configured in a way to maximise efficiency of all tax compliance and reporting with a focus on automation of manual and recurring tasks.
• Ensure all tax payments (direct and indirect) are accurately forecast
• Design and implement a Group Tax Strategy
• Ensure all tax risks are documented and appropriately mitigated by controls
• Provide advice on tax matters as and when required
• To maintain, update and write tax manuals as applicable to the Group.
• To provide timely and accurate responses to tax related questions from the business.

KEY INTERFACES

• Finance Leadership Team
• The outsourced tax team at PwC
• Finance Teams
• External VAT advisors
• Tax authorities

We recruit talented, dynamic people with diverse backgrounds and experiences, all united by a belief in our mission to provide the world’s leading and most trusted price reporting, events, and intelligence service for the markets we serve. We’re proud to be an equal opportunities employer and are committed to creating a fully inclusive workplace, where everyone feels able to participate and contribute meaningfully.

If you are open-minded, curious, resilient, solutions-oriented and committed to promoting equality, then read on...

KNOWLEDGE, EXPERIENCE AND SKILLS

We are looking for an individual who is highly motivated, driven, and have a passion to be part of a fast-paced, successful team. Being a strong team player is also important as well as someone who is happy to work flexibly.

• The successful candidate will be a qualified accountant or tax advisor, with at least 5 years post-qualified experience working in an in-house tax team of a global group covering direct and indirect taxes.

  The successful candidate will have experience of designing and implementing tax policies, processes and systems and working in a fast-paced environment.

If you're excited about the role but your experience, skills or qualifications don't perfectly align, we encourage you to apply anyway.

Our Values

Fastmarkets people come from all different walks of life. It’s this mix of brilliant personalities, experiences and insights that gives us that warm, open, and friendly culture you can feel as soon as you meet us. But however wonderfully different we all are, there are six things we all have in common – and they form our Fastmarkets values.

Created by our own employees to reflect some of the personal traits that Fastmarkets people have, our values are key to what makes our culture unique. They reflect who each of us are and they're embedded in everything we do. Our values are:

• METRICS DRIVEN. We use insights to improve our customers’ experience and our business performance
   
• ACCOUNTABLE. We are accountable to ourselves and those we work with: we keep our promises and get things done
   
• GROWTH MINDSET. This value enables us to be nimble to the changing realities and operate with a sense of urgency
   
• INCLUSIVE. We are inclusive and respectful, celebrating each of us and giving everyone a deep sense of belonging with the desire to bring their best self to work every day.
   
• CUSTOMER CENTRIC. We are customer-centric in all that we do
   
• COLLABORATIVE. We are collaborative, able to work across teams and capitalise on the diversity of intellect, perspectives, and experiences.

You’ve read a little about us – now it’s over to you!

If you like what you’ve read so far and think you can see yourself as a Fastmarkets person, it’s time to fill in your application form. This form is an important part of the selection process: it’s used to determine whether or not you’ll be chosen to have an interview and acts as a basis for the questions we’ll ask you on the day.

It’s vital that you try to capture all the relevant information we have asked for on the form so we can get a good feel for who you are and why you’re great.