Péter Nagy
Experienced Finance And Tax Professional
Budapest
Summary
Diversified and wide range experience of more than 10 years with the Hungarian National Tax- and Customs Administration, business leader multinational companies, and with the KPMG. Increasingly responsible roles in taxation and controlling, analysis and reporting, mentoring and people management. Capable of handling stressful situations, ensure timely manner, and able to handle multiple tasks with solving complex business problems.
Overview
11
11
years of professional experience
3
3
Languages
Work History
Tax Supervisor
Flowserve
07.2023 - Current
- Review and approve corporate VAT returns in EMA region, review of EC sales/purchase listings, identification of potential VAT related errors, prepare and check BS reconciliations, monitoring different reports, focusing on tax regulation changes, supporting team members in the daily compliance work, invoice and document review, participation in work allocation, liaison with different stakeholders within the company (for example AP, AR, IT, local finance teams and developers), supporting tax audits and refunds, working and supporting on projects such as SAP S4 implementation and procurement project, working on process improvements and standardization, preparing scorecard regarding ongoing projects
Assistant Manager
KPMG
01.2022 - 07.2023
- Review (and prepare VAT returns) for clients from the UK and Ireland, review of EC sales/purchase listings and INTRASTAT reports, identification of potential VAT errors, focusing on tax regulation changes, supporting and managing team members (5-10 assistants and seniors) in the daily work and compliance, reviewing their tasks to be completed on the highest standards and timely manner, invoice review, participation in work allocation, liaison with different stakeholders within the company (for example accounting team), supporting tax audits and refunds, ad hoc tasks
Lead VAT Analyst
General Electric
05.2020 - 01.2022
- Review and approve: UK/Ireland/Netherland/Nordics entities and tax registrations prepared by local or country team or by external partner (PwC), EC sales/purchase listings and INTRASTAT reports Identification of potential VAT accounting/invoicing/system errors impacting the BS or P&L and propose/work on corrective actions including accounting entries, lead and mentoring team members, supporting ERP transformations from Oracle to SAP, participating in business transformation (from SSC to business), participation in period closings, review/approve and preparation of VAT return to BS and GL reconciliations, participating in period closings, reviewing/approving and preparation of journal postings and accruals affecting BS and P&L and valuation of, tracking and clarifying open items and variances, submitting or approving VAT liabilities and ad-hoc payments, coordinate and work on different projects focusing on tax regulation changes or process/system improvements (standardization, simplification, templates, testing), participating in migrations and transformations, liaison with different stakeholders within the company, supporting tax and statutory audits (external/internal)
Senior Finance and Tax Analyst
Coca-Cola HBC
03.2018 - 03.2020
- Preparation and submission of different corporate related tax returns (direct and indirect), completion and submission of EC sales/purchase listings, participating in INTRASTAT report preparation, identification of potential VAT errors and propose/work on corrective actions, preparation of corporate and regional tax reports, participation in transfer price report preparation, leading the company's accounting team (SSC) to ensure compliance with EU and Hungarian regulations and corporate policies, coordination and monitoring SSC team members work, KPI's and SOX testing tasks and scorecard items control, supervision of SAP master data (vendor/customer, material) and tax coding, supporting opening/closing of GL accounts (major/minor, subledgers), checking customer and vendor accounts, financial and tax impact analysis and management with FP&A, participation in period closings, journal postings and accruals, preparation and planning of cash/cost allocations (P&L), tracking and clarifying open items and variances, invoice tracking/validation/payment status check with AR, validation and or issuing AP invoices in several cases to external contractors, tax return to BS and GL reconciliations, supporting monthly/quarterly/yearly financial management and reporting processes, creation and maintenance of invoice aging reports in SAP, participation in the Balance Sheet and Income Statement preparation and submission, submitting various contributions (agricultural fares, food chain fees, environmental fees, water resource contribution, etc.), processing ad-hoc payments, coordinate and work on projects focusing on tax process and system improvements (standardization, simplification, templates, testing), project management, liaison with different departments, EKAER administration, liaison with the company's account-keeping bank, supporting tax and statutory audits (external/internal)
VAT Accountant
IBM
10.2016 - 03.2018
- Data collection and validation/supervision, movement and ledger balance analysis, financial reporting and report consolidation, BT/CIT/WHT/VAT report preparation, BS to GL reconciliations (US GAAP/local GAAP) and VAT return to BS reconciliation, sales/purchase and other GL account reconciliations (VAT, BT, CIT, WHT, DIVIDENDS, ROYALTY, etc.), revenue analysis and reconciliation for financial year closing, open item and payment follow up (Scorecard), reporting KPI's, clearing of GL accounts (open items, content, variance, threshold) and VAT netting, period end closing activities (journal postings, accruals, provisions, allocations, etc.), supervising of the team reports (to ensure the accurate and timely completion), supporting opening GL accounts (major/minor, subledgers), process improvements (standardization, simplification, templates, testing), supporting tax and statutory audits (external/internal)
Tax Analyst
Huawei Technologies
04.2016 - 10.2016
- Preparation and submission of Hungarian and EU VAT returns and tax payments of the Hungarian and foreign entities, preparation and submission of INTRASTAT report, preparation of price statistics (ELEKTRA) report, completion and submission of EC sales/purchase listings, financial and tax (VAT, domestic and intercompany) reporting, subsidiary report analysis, VAT reconciliation, reporting KPI's, cooperation with different departments, tax compliance supervision for Dutch legal entity, Master Data coordination, managing material and product master analysis, cash planning and forecasting of the Hungarian company and different tax registrations, EKAER administration, supporting tax and statutory audits (external/internal)
Business Controller
Bunge
09.2015 - 04.2016
- Managing SAP master data (vendor/customer, material, GL accounts, cost and profit centers, invoicing, payment terms, tax coding, etc.), supervision of vendor/customer MD compliance, managing material and product MD with SAP Support coordination, intercompany reporting, assistance and support of other departments, follow up/monitoring 'received not yet invoiced' items, procession of transit expenses and items, participating in the period closings, recording inventories, intercompany and non-core invoicing, preparation of INTRASTAT report and environmental fee tax statements, supporting tax and statutory audits (external/internal)
Tax Auditor
National Tax- and Customs Administration
04.2013 - 09.2015
- Data collection and review/supervision of different tax returns (mainly VAT) and ESL/EPL, Intrastat, and other declarations, Review of cross-border transactions (triangulations, chain transactions, export/import), tax audit (Corporate Income Tax, Payroll Tax, VAT, etc.) reviewing invoices, handling tax accounts and balances (reconciliation with tax returns), supervision of claims for VAT refunds, analysis and reporting for decision-makers, inventory control/review, investigation on businesses, liaison with clients and companies under audit, tax advisory, liaison with other authorities and with foreign tax authorities
Banking Associate
FHB Bank
12.2012 - 04.2013
- Bank account operations, managing savings for clients, handling customer master data in SAP, credit rating, problem solving, sales services and advisory
Education
Bachelor of Science - Chartered Economist
College of Nyíregyháza
04.2001 -
Master of Science - Accounting And Finance
Budapest Business School (BGE)
04.2001 -
Public Administration - Exam of Public Administration
National Tax- And Customs Administration
VAT Control Competency Exam - VAT Control Competency Exam
National Tax- And Customs Administration
Skills
Tax operations
Analytical skills
Compliance
Closing processes
General ledger accounting and reconciliation expertise
Process improvement and standardization
Leadership and mentoring
Financial reporting
Project management
Blackline
CRM
Excel
OWM
SAP
Websites
Timeline
Tax Supervisor
Flowserve
07.2023 - Current
Assistant Manager
KPMG
01.2022 - 07.2023
Lead VAT Analyst
General Electric
05.2020 - 01.2022
Senior Finance and Tax Analyst
Coca-Cola HBC
03.2018 - 03.2020
VAT Accountant
IBM
10.2016 - 03.2018
Tax Analyst
Huawei Technologies
04.2016 - 10.2016
Business Controller
Bunge
09.2015 - 04.2016
Tax Auditor
National Tax- and Customs Administration
04.2013 - 09.2015
Banking Associate
FHB Bank
12.2012 - 04.2013
Bachelor of Science - Chartered Economist
College of Nyíregyháza
04.2001 -
Master of Science - Accounting And Finance
Budapest Business School (BGE)
04.2001 -
Public Administration - Exam of Public Administration
National Tax- And Customs Administration
VAT Control Competency Exam - VAT Control Competency Exam
National Tax- And Customs Administration
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