ROLE PROFILE

Job Title: Statutory and Tax Accountant

Level: L5C
Reports To: Statutory Reporting Manager
Department: Statutory Reporting
Context/Scope: The GDBS is a multi-functional shared service Center that will handle DIAGEO -
wide transactions across 4 regions (Europe, North America, South America and
Australia). The processes in scope are:
 Cash cycles - Order to Cash and Purchase to pay
 Financial Planning & Reporting
 Treasury
 Financial Control
GDBS is developing and growing rapidly effecting massive change to working
practices for brand owning and in-market companies in the 4 regions, therefore
will play a key role in ensuring that this change is managed effectively with
minimum disruption to the core business of DIAGEO.
GDBS is a multicultural, multi-language environment.

The Statutory Compliance is focusing on improving compliance with regulatory

requirements.

On the other hand Diageo runs its business with a complex legal entity

structure coupled with complex mapping of management entities into statutory

accounts.

This creates a challenge for making sure that whilst focusing on business
performance statutory compliance requirements are also met.
Dimensions
Financial: Currently the UK Statutory Compliance team is responsible for the statutory

account preparation and corporate tax computation of approx. 65 entities under

IFRS. It is also the team’s responsibility to quarterly review 40 BFC entities.

Market Complexity: UK – the headquarters of Diageo with entities of a wide range of activities

including demand, supply, corporate, treasury

Leadership The Statutory Accountant is one of a team of approximately

Responsibilities: 10 team members who report to a Statutory Reporting Manager.
Purpose of Role: To ensure that statutory reporting is completed accurately and on time and
that the surrounding internal control procedures are strictly adhered to.
To respond to ad hoc queries and contribute to projects.
To contribute ideas, energy, enthusiasm and support to the continuous
improvement of the Statutory Compliance process.
Contribute to the quarterly review, sign off and follow up process of BFC
entities, which are signed by the relevant BFC FDs, coordinate the process with
RtR.

Top 3-5 Under the leadership and support of the Statutory Reporting Manager
Accountabilities:
Statutory reporting
 To produce statutory entity accounts under IFRS for each financial year in
line with timetable. Also produce analytical review of statutory accounts to
provide meaningful explanation of the entity’s activities and performance
during the financial year
 To ensure that the year end financial statements are audit compliant and to
ensure that the served markets fully meet external and Diageo internal
statutory reporting requirements.
• To supervise and review the work done by fellow colleagues in relation to the
financial statement preparation process.

Group reporting
 Contribute to the improvement of the ongoing legal entity review of
management numbers in terms of accuracy and completeness
 Quarterly review of in scope BFC submissions in terms of accuracy and
completeness (Group Accounting Policy, Data quality, etc)
 Controlling tasks in relation to BFC entities in scope of review – Journal
approves, B/S and P/L analysis, ad-hoc tasks.
 Active participation in Tax Planning Projects, preparation of step plans, etc.
work out accounting treatments, etc.

General
 Seek to participate in continuous improvement ethic and support the
Statutory Compliance team in projects and work initiatives as required

The jobholder may be instructed by his/her immediate superior to perform all

tasks directly or indirectly related, additional or supplementary to the scope of
duties defined in this role profile.
Qualifications and Must have:
Experience Required: Qualified Accountant with a minimum 4-6 year post qualification experience
Strong communication and influencing skills (written & verbal)
Experience of working within international / multicultural environment
Experience in IFRS and other local GAAPs
Experience in working with integrated software system (SAP knowledge is an
advantage)
Attention to detail / Overview of the business: able to operate at the detailed
level when necessary, but always focuses on the big picture
Results orientated and capable of working in a deadline driven environment
Fluent in English
Self-starter – ability to work through problems to resolution
Strong analytical and questioning skills
Advantage:
Audit background is an advantage
International qualification (IAS, ACCA) is an advantage