Specialist, Taxation (Emiratized)

JOB PURPOSE

The purpose of the job is to

• Ensuring monthly VAT data collection, review, consolidation, preparation of FAB Group VAT returns, including collecting supporting and any documentation/responses as may be required.
• Monthly transactional review and reconciliation for AOV submissions.
• Support the tax team by working closely with supporting stakeholders of the business in identifying and implementing tax related system enhancements.
• Ensuring tax payments have been appropriately made to the tax authority, journal entries and reconciled in accordance with internal group policies and procedures
• Assist in collecting and observing Indirect tax data of international branches and subsidiary in order to identify potential revelations.
• Assist the tax team coordinator in all the IT related projects, reconciliations and project UAT’s.
• Assist with other tax admin matters and ad hoc requirements.

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

Job Context

Specific Accountability

• Prepare VAT / GST return filing documents as required under Group Tax Policies i.e. procedures manuals, SOPs etc.
• Support the Group Tax team in the representation on all Finance / IT systems projects concerning VAT / GST data requirements.
• Identify VAT / GST requirements in systems that need to automate and highlight to the Tax manager.
• Collect and follow up Indirect tax compliance submissions from international sites.
• Support Tax manager in arranging audit data to close out audit points raised and ensure minimization of new audit points.
• Keep up to date with relevant Tax technical developments.
• Ensure timely AOV submissions by performing transactional review and account reconciliation.
• Support Tax manager in VAT / GST 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

QUALIFICATIONS & EXPERIENCE

Minimum Qualification

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

Minimum Experience

• 3+ years of experience in banking industry and 2+ years’ experience in Indirect Tax (VAT/GST) compliance.
• Experience of indirect tax processes and a good understanding of different technologies applied in a tax environment.
• Good knowledge of IT systems and use of tax accounting system.
• 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.