Tax Adviser

Team: Operations

Location: London, UK

Employment Type: Permanent

Salary: Competitive

Closing Date: 23 February 2018

Tax Adviser

Our Mission

  • Our mission is to support the building of businesses throughout Africa and South Asia, to create jobs and make a lasting difference to people’s lives in some of the world’s poorest places.
  • We aim to invest in countries where we can have the greatest impact. In countries where the private sector is weak and jobs are scarce.
  • We invest in sectors where growth leads to jobs – both directly and indirectly. In sectors such as manufacturing, agribusiness, infrastructure, financial institutions, construction, health and education. Last year, the businesses we invest in created more than a million jobs. 
  • We are successful because we are a high quality investment organisation, using the best commercial skills and judgement to make investments in great companies and support them to grow over the long term.  We therefore want to attract people with these skills but who are motivated to use them to dramatically improve the private sector in Africa and South Asia
  • For further information, please visit our website cdcgroup.com

Our Mission

  • Our mission is to support the building of businesses throughout Africa and South Asia, to create jobs and make a lasting difference to people’s lives in some of the world’s poorest places.
  • We aim to invest in countries where we can have the greatest impact. In countries where the private sector is weak and jobs are scarce.
  • We invest in sectors where growth leads to jobs – both directly and indirectly. In sectors such as manufacturing, agribusiness, infrastructure, financial institutions, construction, health and education. Last year, the businesses we invest in created more than a million jobs. 
  • We are successful because we are a high quality investment organisation, using the best commercial skills and judgement to make investments in great companies and support them to grow over the long term.  We therefore want to attract people with these skills but who are motivated to use them to dramatically improve the private sector in Africa and South Asia
  • For further information, please visit our website cdcgroup.com

  

The Role

  • With UK government’s continuing support of CDC as a conduit for achieving DFID’s long term developmental goals, significant funding will be made available to CDC in the short to medium term to deploy in the most difficult places. CDC is looking to build its team and, in particular, attract high quality professionals who are motivated to use their skills to develop the private sector in Africa and South Asia.
  • Reporting to the Executive Tax Adviser, an opportunity has arisen to appoint a Tax Adviser at CDC as a consequence of CDC’s evolving investment programme with its increased emphasis on direct debt and equity investments and a growing investment pipeline. The role is within CDC’s Legal team. Whilst the successful candidate will report to CDC’s Executive Tax Adviser, he or she will, however, work closely with CDC’s lawyers and investment teams.

 

Responsibilities

Transaction support

  • Providing tax advice and support to CDC’s legal and investment teams in a manner which ensures that CDC manages tax efficiently and responsibly with respect to:
  • equity investments and divestments;
  • corporate lending;
  • project finance transactions; and
  • structuring investment funds and other collective investment vehicles
  • Liaising with investment teams to ensure that tax and tax risks are appropriately reflected in transaction models and investment proposals.
  • Working with legal teams to provide tax input into legal drafting of transaction documents
  • Providing support to CDC’s investment teams on tax matters arising from its investment portfolio, e.g. restructurings and refinancings, and assisting with divestments and divestment preparation.
  • Managing CDC’s external tax advisers, such as accounting firms and tax counsel, on transactions.
  • Liaising with external or internal tax advisers acting for counterparties such as co-investors and prospective portfolio companies.

 

Tax Policy

  • Supporting the Executive Tax Adviser in developing CDC’s policies on tax including:
  • The use of offshore financial centres are fit for purpose and CDC’s transactions comply with those policies.
  • Tracking international tax initiatives, including implementation of the OECD Base Erosion and Profit Shifting (“BEPS”) package and their impact on CDC and its investee companies;
  • Engaging in discussions with government departments, tax authorities and non-governmental organisations on tax and regulatory policy and how regulatory environments might be improved in CDC’s target countries.
  • Interfacing with other development institutions to discuss best practices regarding tax policies and procedures;
  • Developing standards and tools for CDC to efficiently monitor tax practices of portfolio companies and to encourage best practices;

Tax Operations and Compliance

  • Ensuring compliance with UK and overseas tax filing obligations and tax-related legislation
  • Advising on CDC’s tax position generally, including:
  • monitoring changes in tax law that may apply to CDC and its subsidiaries;
  • monitoring developments in international tax transparency benchmarks;
  • Liaising with governments, government departments and tax authorities (in the UK and in CDC’s target countries) on specific transactions and on CDC’s general tax position with respect to particular countries.
  • Working with CDC’s operations teams to ensure compliance with advice received on CDC’s tax structure in countries where it has a physical presence, particularly India.
  • Providing tax support to operations teams as required, including to CDC’s Human Resources department on employee tax matters.

 

The Candidate

Values

  • Candidates must be strongly motivated by CDC’s mission.
  • This requires:
  • an awareness of and appreciation for CDC’s objectives;
  • some evidence of these values is useful (volunteering, career changes due to changing motivations etc.);
  • an appreciation of what CDC is doing and a real desire and passion to be part of CDC’s development;
  • flexibility and willingness to travel to the countries where CDC invests; and
  • an understanding of the remuneration and its structure, with the trade-offs it requires and a level-headed degree of long-term comfort with it.

 

Background and experience

  • A qualified accountant or chartered taxation adviser with 3 - 5 years’ post-qualification experience in an international tax practice at a major accountancy or tax advisory firm.
  • Experience of advising on and structuring private equity or mergers and acquisitions transactions in emerging markets, preferably including Africa and South Asia.
  • Tax knowledge with proven reviewing, negotiating and drafting skills.
  • Commercial mindset and a proven ability to explain tax issues and risks clearly and concisely to legal and investment professionals, recommend appropriate courses of action and resolve problems.
  • Ability to assess risks and make well-reasoned, independent and transparent decisions with quick turnaround expectations.
  • A self-starter – able to work without the back-up traditionally associated with large accounting/law firms. Therefore, a willingness to “muck in” and get involved in all areas of the business where required.
  • An effective team player with strong communication, organisational and interpersonal skills.
  • Cultural sensitivity and a proven ability to work across cultures.

 

CDC Identities

  • We look for candidates who share our culture and reflect our identity, the CDC identities are described as follows:
  • Compassion is central to everything we do
  • We owe our clients and prospective clients a fast and thoughtful process
  • We accept the tough challenges inherent in our mission
  • We are quick and non-defensive when things go wrong
  • We oppose bureaucracy
  • We never forget that we are investing and spending tax payers’ money
  • We promote a fulfilling work environment

 

Please submit a cover note with your application.

Posted on 24 January 2018

Closing on 23 February 2018

Salary: competitive

Apply now