Senior Manager, Tax Compliance & Reporting

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About the Role

The position is responsible for owning and leading the end-to-end day-to-day (BAU) tax function across the AIA Philippines Group, with full accountability for the execution, control, and delivery of all tax matters. This includes ensuring timely and accurate tax compliance, reporting, and operational tax support for the group's life insurance and real estate businesses, including AIA Philippines Life and General Insurance Company (AIA PH), BPI AIA Life Assurance Corporation (BPI AIA), Philam Properties Corporation (PPC), PERF Realty Corporation (PRC), Kapatiran Realty Corporation (KRC), Philam Tower Management Corporation (PTMC), and AIA Tower Condominium Corporation (collectively referred to as the Covered Entities).

The role acts as the primary owner of tax operations, ensuring strong governance, robust controls, and consistent execution in line with Philippines tax rules and regulations and AIA Group Tax Policy. It is accountable for managing tax compliance cycles, overseeing tax reporting integrity, handling audits and regulatory engagements, and embedding tax considerations into business processes.

In addition to BAU ownership, the role drives tax planning, supports strategic initiatives, and ensures readiness for regulatory and accounting developments, including IFRS 17. As a key member of the Controllership team, the position provides leadership in managing tax risks, optimizing tax outcomes, and maintaining effective relationships with tax regulators and AIA Group Tax in Hongkong.

Tax Compliance and Reporting

• Own and manage the end-to-end tax compliance lifecycle across all the Covered Entities, ensuring timely, accurate, and complete filings.
• Accountable for review and sign-off of all tax returns, computations, and supporting schedules.
• Ensure integrity and alignment between tax reporting, statutory accounts, and financial reporting.
• Drive continuous improvement in compliance processes, controls, and documentation standards.

IFRS 17 Tax Support

• Analyse tax implications arising from IFRS 17 implementation.
• Evaluate tax treatment of key IFRS 17 components (CSM, revenue recognition, discounting).
• Work with Finance, Actuarial, and IT teams to ensure tax considerations are reflected in reporting processes.
• Prepare supporting documentation and technical analysis for IFRS 17 tax positions.

Tax Audits and Controversy Management

• Manage tax audits and reviews by Bureau of Internal Revenue (BIR) and Local Government Units (LGUs). Accountable for audit outcomes, including risk mitigation, provision assessment and closure.
• Own the preparation and review of audit schedules, reconciliations, and supporting documentation.
• Handle drafting responses to audit queries and supporting audit defence positions.
• Coordinate with external advisors and legal counsel, when needed
• Track audit issues and support implementation of agreed remediation actions.

Tax Planning and Advisory Support

• Support execution of tax optimization initiatives in line with AIA Group Tax Policy.
• Provide technical analysis on tax implications of business initiatives, including new products, distribution channels, and investments.
• Evaluate tax impacts of digital transformation and structural changes across insurance and real estate entities.
• Prepare tax analysis for capital management, dividend flows, and funding arrangements.
• Monitor and analyze effective tax rates

Industry Issues Monitoring and Policy Support

• Monitor and analyze industry tax issues affecting life insurance and real estate sectors (e.g., VAT on fee income from Variable Unit-Linked (VUL) products, Documentary Stamp Tax (DST) on group policies.
• Prepare technical analyses and draft position papers.
• Participate in industry working groups (e.g., Insurance Commission (IC) Philippine Life Insurance Association Inc. (PLIA)).
• Track emerging tax risks and provide updates to the Financial Controller.

Regulatory Coordination

• Lead all day-to-day engagements with regulators - BIR, IC, and LGUs, and act as primary point of contact for operational tax matters.
• Own the preparation of documentation and supporting analysis for tax rulings, clarifications, and consultations.
• Respond to routine regulatory inquiries and assist in information requests.
• Maintain working-level relationships with regulatory counterparts

Business Partnering

• Provide tax advisory support to business units on operational matters and special projects.
• Support tax analysis for product development, pricing, and structuring discussions.
• Ensure tax considerations are incorporated into business cases/ project proposals

Group Tax Coordination and Reporting

• Act as key point of contact for AIA Group Tax in Hong Kong.
• Oversee the preparation of tax reports, schedules, and supporting analysis for Group Tax submissions.
• Lead the implementation of Group Tax initiatives and compliance with Group Tax requirements, including Base Erosion and Profit Shifting (BEPS) - related requirements.
• Provide updates on local tax developments, risks, and audit matters.
• Handle responding to Group Tax queries and information requests.

Risk Management and Controls

• Own the tax control environment, ensuring effectiveness of controls, audit readiness, and compliance with internal policies.
• Proactively identify, assess and resolve tax risks arising from BAU tax operations.
• Ensure compliance with internal control requirements and audit readiness.
• Implement improvements in tax processes, tools, and documentation standards.

Team Support and Stakeholder Management

• Lead the day-to-day operations of the tax team, including workload management, prioritization, and performance oversight.
• Serve as the central tax point of contact for all internal stakeholders on operational matters.
• Provide regular updates and insights to the Financial Controller on tax matters.

Minimum Requirements

• Must possess Bachelor of Science in Accountancy degree

• At least ten (10) years progressive tax experience in tax accounting, compliance and reporting with any of the top 10 life insurance companies in the Philippines having total gross premiums of at least Php 20B or total assets of at least Php 250B with at least five (5) years in supervisory/ managerial level

OR

At least five (5) years tax experience with any of the big 4 audit firms (Navarro Amper & Co., Isla Lipana & Co., Sycip Gorres Velayo & Co. and Manabat San Agustin & Co) with insurance industry exposure and at least five (5) years experience in tax accounting, compliance and reporting with any of the top 10 life insurance companies in the Philippines having at total gross premiums of at least Php 20B or total assets of at least Php 250B in supervisory/ managerial level

• Must be a Certified Public Accountant

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