Job Details

Job Title: Tax Provision Manager
Location:  Houston


ABOUT SEADRILL
Seadrill is one of the world’s most modern offshore Deepwater drilling companies. Using ground-breaking technology, we operate in 15 countries across 5 continents, employing some 5,000 people representing 65 nationalities. Our vision is to Set the Standard in Drilling. It’s an ambitious goal. And every single one of us has a part to play. Help us to keep innovating, improving and maintaining the highest safety standards, and we’ll give you what you need to be your best too.

Diversity and inclusion are more than words for us. Everyone is welcome—as an inclusive workplace, our people are comfortable bringing their authentic whole selves to work. We continue to build an inclusive culture that encourages, supports, and celebrates the diverse voices of our people. It fuels our innovation and connects us closer to our customers and the communities we operate in.


JOB SUMMARY

• Reporting directly to the Head of Global Tax, the individual will serve as the in-house expert on tax accounting and financial reporting matters, navigating complex and judgmental tax accounting issues. The role involves end-to-end ownership of the tax financial reporting process under US GAAP. This includes providing guidance to in-house and outsourced teams, reviewing tax calculations, interacting with external auditors on tax-related accounting and financial reporting matters, and preparing the tax forecast for the group. An integral part of the role is also supporting the implementing and maintaining robust SOX controls relevant to this area, ensuring the highest level of governance and compliance.
• The role-holder will also be instrumental in the organization's compliant to the 'Pillar 2' international tax framework. As a key stakeholder, the individual will work closely with the Group Tax team to ensure tax reporting requirements are met. This position will influence Seadrill's strategic approach and will play a pivotal role in adjusting our existing systems and processes to meet these new requirements, demonstrating the ability to drive efficiency in a complex regulatory environment.
• The role is geared towards driving efficiency and accuracy across all aspects of the tax accounting and financial reporting. It demands exceptional technical tax and accounting knowledge, strong leadership skills, effective communication skills, and the ability to work autonomously to deliver under tight reporting deadlines in a competing priorities environment

JOB SPECIFIC RESPONSIBILITIES
Specific responsibilities of the role include the following:

• Subject matter expert: As the Tax Provision Manager, you will be the go-to person for all complex tax-related accounting and financial reporting matters. This means maintaining an in-depth knowledge base, staying abreast of changes in tax law and accounting practices, and providing insightful guidance to the wider team.
• Overseeing end-to-end tax accounting process: You will define, manage, and oversee the tax accounting process within our complex multinational group structure. This includes the accurate computation, timely preparation, and review of tax provisions for financial reporting purposes.
• Directing and instructing Tax Managers and SSC Accountants: You will set the direction for local tax managers within the framework of the tax financial reporting process. Your interactions will extend to establishing timelines, setting clear policies and procedures, offering expert guidance around tax provisions, return to provision adjustments, and deferred tax, and conducting high-level reviews of their submissions. Additionally, you will instruct our shared service center accountants to manage tax-related postings and reconciliations. While you won't directly manage these roles, your oversight is essential, ensuring robust accounting controls are consistently upheld.
• Researching and documenting technical accounting positions: You will be responsible for identifying, researching, and documenting technical accounting positions over complex or judgmental tax matters such as uncertain tax positions, deferred tax, and valuation allowances. This involves the preparation of clear, concise, and comprehensive position papers and communication of these positions effectively to Senior Management and external auditors.
• Consolidation and review: You will consolidate tax reporting across Seadrill, reviewing the group's effective tax rate, making necessary adjustments, and preparing tax disclosures for the quarterly financial statements. You will provide guidance to the Group Reporting team ensuring that all tax balances are accurately reflected in the accounting system and appropriately disclosed in financial statements.
• Tax forecast and reporting:You will prepare and report tax expenses and cash tax forecasts for the company’s forecast cycles during the year.
• SOX owner for tax accounting and financial reporting: As the designated SOX owner for tax accounting and financial reporting, you will ensure that robust controls are in place, function effectively, and that any identified deficiencies are addressed. Additionally, you will maintain the Company's tax risk register to ensure a systematic approach to identifying, assessing, and managing potential tax risks across the organization.
• Key stakeholder for external auditors: You will be the key contact for external auditors on all financial reporting tax-related matters, explaining, defending, and documenting the company's tax positions.
• Innovative process improvement: You will continuously seek ways to drive efficiency within the tax accounting and reporting process, looking for opportunities to streamline procedures and implement new solutions where appropriate.
• Strategic guidance and support for Group Tax team: Working closely with the Group Tax team, you will provide guidance on tax accounting and reporting matters and will play a pivotal role in adapting our existing systems and processes to meet the requirements of the newly introduced international tax framework, 'Pillar 2'.
• Training and knowledge sharing: You will coordinate and provide regular training and update sessions to the wider accounting teams on tax-related matters, enhancing the collective knowledge and skill set of the team.

SAFETY AT SEADRILL
Our goal is to ensure that ‘nobody gets hurt’ whilst performing their job. Everyone at Seadrill has a part to play in meeting our safety commitment.

Through strong leadership and personal responsibility from all employees, we take a systematic approach to identifying, managing and preventing the hazards involved in our day-to-day operations. Nothing is more important to us than the health, safety and security of our workforce and the communities in which we operate and behave responsibly towards our shared environment. We are vigilant, disciplined and always looking out for one another. We have developed and embedded a strong safety culture onshore and offshore, fostered by all employees, who each have a personal responsibility and the authority to put an immediate stop to the job if they believe it to be unsafe. Everyone at Seadrill is accountable for helping to build this culture of care.

KNOWLEDGE, SKILLS AND EXPERIENCE
Essential

• Minimum 10 years of post-qualification experience (PQE), ideally including both public accounting and hands-on experience in an in-house role within a multinational company.
• Exceptional knowledge of US GAAP accounting and strong technical tax knowledge, particularly around listed groups.
• Knowledge of other local territories’ accounting and tax rules.
• Proven experience managing an end-to-end tax accounting and reporting process, ideally including the implementation of process and system improvements.
• Excellent communication, writing, presentation, interpersonal and influencing skills.

Desired

• Prior experience of working in the offshore drilling sector or a related industry, with the ability to apply this industry-knowledge to tax-related accounting and financial reporting matters.

• Prior hands-on experience with ONESOURCE Tax Provision, Oracle and Hyperion, along with advanced Microsoft Excel skills.

• Experience of adapting to fast-changing environments and effective management of ambiguity.
  
  

EDUCATION AND QUALIFICATIONS
Minimum Requirements

Bachelors or Master's degree in Accounting, Tax, Finance or related field.

Preferred

Professional qualification in accounting, such as Certified Public Accounting (CPA) or being a Chartered Accountant (ACA), or equivalent qualification recognized globally, or eligible to sit for CPA Exam.

JOIN SEADRILL
We value our people and want to retain them. So, we offer a competitive package built around an attractive base salary and a range of benefits tailored to your location.
Join Seadrill. Own the Opportunity.