Smith & Nephew is a UK-headquartered FTSE 50 company, specialising in orthopaedic, sports medicine and wound management products, with subsidiaries in approximately 50 countries around the world, and generating global revenues of almost $5 billion per annum.
The Group wishes to design a more effective, efficient and agile tax function capable of adapting to an increasingly challenging, connected and digital environment.
This will be aligned to other process improvements and changes that are taking place across the worldwide group in Finance and other areas, including the establishment of a number of internal offshore support services centres, including in Costa Rica for the Americas.
Group Tax will continue to be led from the Group's UK headquarters, from both a strategy and compliance and reporting perspective.
Responsibility for tax returns and statutory accounts, which has previously been predominantly run on a de-centralised basis with local countries taking individual responsibility, will be centralised going forward.
This role will be responsible for this activity for the Americas, working with internal finance colleagues (mainly country finance controllers in the Costa Rica centre and the Colombian regional finance leadership team) and an external outsource provider.
The role will also require close working relationships with other stakeholders across the Group, including Group Tax, Group Finance, and other colleagues across the region.
The role will provide opportunities to ensure tax return and statutory accounts filings are up to date, improve the consistency of and control over our tax compliance processes and risks, and mitigate any potential tax compliance failures.
It will also be responsible for ensuring information and documentation is appropriately available if and when tax audits arise, and leading the defence of such audits.
The role will also need to have a focus on how the Group is responding to the digitisation’ of tax authorities, focusing on bolstering our tax data and analytics capabilities to ensure readiness for future audit challenges.
The role will also have opportunities to participate in and contribute to activities relevant to business and tax planning and structuring from a regional perspective, working under the guidance and supervision of the Group Tax department.
The role's principal and critical responsibility in its first year will be ensuring the timely and effective transition of the existing statutory accounts and tax return set-up to the new model.
Role Overview : The role will be responsible for : - Reviewing and ensuring the accuracy and on-time filing of the tax returns and statutory accounts, drafted by an external outsource provider, for the Group's subsidiaries in Colombia, Mexico, Canada, Puerto Rico, Costa Rica and Curacao.
and ensuring clear, effective and efficient allocations of responsibilities.- Ensuring records are kept in a sufficient, clear and coherent form in the event that they are required for the purposes of tax authorities, the external statutory auditors, internal audit, etc.