AVP- Taxation

  • Full-time
  • Sub Division: Group Finance - Reporting, Controls & Taxation
  • Division: Group Finance

Company Description

Join the UAE’s largest bank and one of the world’s largest and safest financial institutions. Our focus is to create value for our employees, customers, shareholders and communities to grow through differentiation, agility and innovation. 

We are looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark a top company, in an exciting and dynamic industry.  

Job Description

The purpose of the job is to:

  1. Primarily responsible for reviewing and assisting with all Group VAT/GST periodic returns, as well as all related reporting and compliance tasks.
  2. To serve as the VAT subject matter expert, offering tax advice to Business Finance and system functions, ensuring the smooth transition of their data and information for the accurate calculation of VAT/GST returns.
  3. To be the main VAT co-ordinator / representative on projects implementing and upgrading finance / IT data systems.
  4. Deliver or manage assigned projects, completing BAU tasks, and all sensitivity analysis for VAT.
  5. Preparing VAT returns charts, templates, and calendars etc as required.
  6. Liaise with FAB International sites as required and co-ordinate for Group level VAT data requirements.
  7. Automate and leverage technology to meet VAT / GST compliance and reporting needs.

KEY ACCOUNTABILITIES:

  • A self-starter and motivated individual
  • Shows good drive and initiative with strong interpersonal skills
  • Ability to work under pressure and within tight deadlines
  • Ability to interact with multiple stakeholders across the bank
  • Deals with external consultants wherever required
  • Deals with Tax authority as required on a timely basis

Specific Accountability

  • Prepare all VAT / GST governance documents as required under Group Governance and Tax Policies i.e. procedures manuals, SOPs etc.
  • Ensure representation on all Finance / IT systems projects concerning VAT / GST data requirements.
  • Identify all VAT / GST requirements in systems and support to automate as far as possible.
  • Review Finance / IT systems upgrades and changes for VAT / GST impact.
  •  Follow up and monitor all documentation requirements and submissions from International sites.
  • Monitor timely responses to tax authority or tax audits enquiries and progress with relevant stakeholders.
  • Work with GIA to close out historic audit points raised and ensure minimization of new audit points.
  • Keep up to date with relevant Tax technical developments.
  • Provide input and support on Tax provisioning and reporting.
  • Support local countries on any VAT / GST issues arising (e.g., tax office enquiries, tax return processes, advice around systems and data etc).
  • See end-to-end VAT return preparation processes.
  • Represent VAT / GST on internal projects as and when required.

FRAMEWORKS, BOUNDARIES, & DECISION MAKING AUTHORITY:

  • Delegation of Authority for Taxation as required
  • Key support for tax information for Group Finance
  • Group Tax Policy adherence
  • Group Governance Policy for Taxation
  • Delegated authority on administration for Corporate Tax as well as Tax Transfer Pricing matters internally

#LI-MA3

Qualifications

Minimum Qualification

  • Relevant academic qualifications (Accounting/Tax preferred)
  • First or Second degree qualification
  • Professional Tax qualification.

Minimum Experience

  • 8 years of experience and on which minimum 3 years in banking industry and experience in Indirect Tax (VAT/GST) compliance.
  • Experience of indirect tax processes and a good understanding of different technologies applied in a tax environment.
  • Experience of tax governance and audit management.
  • Good knowledge of Bank IT systems and use of tax accounting system.
  • Work experience in a cross-functional and international environment.
  • Strong communication and interpersonal skills.
  • Attention to detail.
  • Quick learner and self-motivated.
  • Able to record issues and propose solutions.
  • Ability to handle pressure and tight timeframes.
  • Ability to work on project-based tasks in an unstructured environment.
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