Tax & Treasury Specialist

Job description

A mutually rewarding experience.

Work. Realize your ambitions. And realize there’s more to being in business than just making a profit. That’s the Mars philosophy. And the opportunity we offer every one of our Associates. An opportunity to take what you do and make it mean more for you, for those around you and for the planet.  What you get here is challenging, interesting work. You get the tools you need to do a great job and you get to have the best possible people on your side to help you do it. And at the same time as getting to find ways to do business better today than we did it yesterday and driving a great career, you also get to build a more enlightened business and drive sustainability.

Because it’s never just about a single person, a single project or a single brand. It’s about how you can grab everything that’s within your reach here and use it to pursue mutual, long-term gain. It’s about having ideas. And ideals. Being prepared to risk failure because the promise of success means we’ll all be a little better off. It’s that mix of integrity and ambition that makes Mars such a special place to work. And why working here is always about more than just a job.

Mars has net sales of more than $33 billion, operates six business segments including Petcare, Chocolate, Wrigley, Food, Drinks, Symbioscience, and more than 75,000 Associates worldwide that are putting its Principles into action to make a difference for people and the planet through its performance.

Mars brands include: Petcare – PEDIGREE®, ROYAL CANIN®, WHISKAS®, BANFIELD® Pet Hospital, CESAR®, SHEBA®, DREAMIES® and NUTRO®; Chocolate – M&M’S®, SNICKERS®, DOVE®, GALAXY®, MARS®, MILKY WAY® and TWIX®; Wrigley – DOUBLEMINT®, EXTRA®, ORBIT® and 5™ chewing gums, SKITTLES® and STARBURST® candies, and ALTOIDS® AND LIFESAVERS® mints. Food – UNCLE BEN’S®, DOLMIO®, EBLY®, MASTERFOODS®, SEEDS OF CHANGE® and ROYCO®; Drinks – ALTERRA COFFEE ROASTERS™, THE BRIGHT TEA COMPANY™, KLIX® and FLAVIA®; Symbioscience – COCOAVIA® and WISDOM PANEL®.

 

Job Purpose/Overview

Responsible for MCCA good governance, control and golden process related to Tax & Treasury activities for the Unit. The associate is responsible for maintaining up to date on all tax changes and implications for MCCA units, Corporate Tax provision and individual unit/country tax filings and compliance. Responsible for managing cash accounts, including changes in signatures, users, and contacts, daily cash reports and cash forecast. Monitor the cash flow of the unit on a daily basis, making periodic analysis, ensuring all transactions having to do with treasury are recorded correctly and in accordance with the Finance Manual.

 

Key Responsibilities

·  Analyze, quantify and inform all tax changes impacting MCCA operations, on a yearly basis. It is crucial to maintain Unit up to date on all tax changes, as these occurs.
·  Support Planning process by providing NCFO Tax payment forecast for the Operating plan, Re-plan and Year-end estimates.
·  Responsible for periodic NCFO analysis of main drivers and year estimates as well as for the development of the year end forecasting.
·  Ensure tax regulations are in compliance with established standard and filing with the relevant taxes authorities.
·  Ensure compliance with "Sales and Use Tax" requirements and implications for PR, including import taxes, bonds, and certifications from the PRTD.
·  Respond to related tax correspondence and research issues as they arise, assisted by our external service provider. Assist with IRS and state audits as they arise.
·  Ensure the coordination of the statutory audit, year in year out, and resolve all possible queries.
·  Ensure the efficient management of company’s bank accounts. Accountable for all timely reconciliation of Cash accounts for the Puerto Rico and International Market Reporting Entities. Responsible for reconciling of bank statements against the GL, and clearing accounts assigned.
·  Ensure no open items are carried period over period for Unreconciled Cash Items for Puerto Rico and International Markets Bank accounts.
·  Active participation on period balance sheet reviews.
·  Ascertains proper controls over the Cash are in place and are effective. Highlight any risks and provide process recommendation improvements.
·  Prepare NCFO Cash Forecast Submission for the assigned units, and ensure all other users report the forecast on a timely manner (W1D4).
·  Maintain updated information regarding bank accounts, contacts, signatures, and user profiles on CITI Direct tool.
·  Ensure periodic reconciliation of Intercompany Transactions and proper, timely submission in Helios Engine tool.
·  Ensure periodic submission of Reporting Unit(s) closing Profit & Loss and Balance Sheet in a timely manner.

 

Job Specifications/Qualifications

1. Education & Professional Qualification: Bachelors’ Degree in BA (Major: Accounting/Finance). Fully bilingual (English and Spanish). This position works a fixed shift, day, in an office environment with air conditioning, under normal conditions. May require travel to training sessions or visits other units within the region (mainly for trainings).

2. Knowledge/Experience: At least two (2) year experience in Accounting. Full accounting cycle, general knowledge of tax implications. Microsoft Office (Excel), SAP (Accounting and costs) and PowerPoint knowledgeable.

 

Labor relation- Key internal and external customers with which the incumbent is related in the day-to-day

Relations / Internal customers- Line Manager, Other S&F associates/contractors in all MCCA units.

 

Key Supporting Competencies

·   Integrity and trust
·   Priority setting
·   Drive for results
·   Planning
·   Personal Learning
·   Functional and technical skills

 

Key Functional Competencies & Technical Skills

Optimize our Financial Structure:

1. Tax Management: The knowledge and application of tax regulations, case law, Mars’ policies and business practices in order to support the business by establishing and Implementing tax policies and tax planning strategies that can be consistently applied and reported in compliance with requirements set by tax governing bodies.

2. Accounting-the knowledge and application of Mars’ accounting policies and principles, General Accepted Accounting Principles (GAAP), applicable local government regulations and Mars’ transaction processing system in order to meet business reporting requirements for providing timely and accurate reporting of financial results.

3. Financial Processes-the knowledge of and ability to design, implement, continually improve upon, and govern the standard financial processes in order to deliver efficient and effective financial operations with the right balance of cost, quality control and service.

Mars is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law. If you need assistance or an accommodation during the application process because of a disability, it is available upon request. The company is pleased to provide such assistance, and no applicant will be penalized as a result of such a request.