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Finance Manager- Tax Operations | Auto Finance Shared Services | Dubai, UAE

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Date: 03-May-2019

Location: Dubai, AE

Company: Al Futtaim Private Company LLC

Job Requisition ID: 33992 

No two days are the same at Al-Futtaim, no matter what role you have. Our work is driven by the desire to make a difference and to have a meaningful impact with the goal of enriching everyday lives. Take our engaging and supportive work environment and couple it with a company culture that recognises and rewards quality performance, and what do you get? The chance to push the limits every single day.

 

As a humble family business that started on the banks of the Dubai Creek in the 1930s, Al-Futtaim has expanded to a presence in 31 countries, a portfolio of over 200 companies, and 42,000 employees. You’ll find us in industries ranging from automotive and retail, to finance and real estate, and connecting people with international names like Lexus, Ikea, Robinsons, and Adidas. Our team is proudly multicultural and multinational because that kind of diverse representation gives us the global mindset to grow and impact the people, markets, and trends around us.

 

Come join us to live well, work better, and be the best.

Job Description:

  • As a member of AFSS – to support the Sr. Finance Manager, GM AFSS to ensure compliance with company policies and procedures with major emphasis on VAT for entities managed under AFSS.
  • The job holder is responsible to ensure successful launch, implementation of changes in VAT law and regulations and govern process around VAT Reconciliations of Input tax, Output tax and preparing Monthly/ Quarterly returns & submit approved returns to tax authorities.

 

Job Description:

Tax Policies & Procedures-

  • Preparation, review and roll out of tax policies and associated procedures within the automotive business units.
  • Preparation of tax positions charter, liaise with Group Tax and update on any ongoing developments / changes in tax law and regulations.
  • Prepare checklist for compliance on tax.
  • Support continuous update of process and procedures documentation based on emerging business scenarios
  • Continuous update transaction register and approved tax position.
  • Continuous review and update of VAT training documentation.

VAT Return Finalization-

  • Ensure the validation and reconciliation process on tax return is completed on a monthly / quarterly basis in line with the deadline on tax return.
  • Review the tax return and prepare commentary for approval purposes.
  • Ensure tax GLs reflect accurate results and match to the tax return being filed.
  • Providing analysis and reports related to VAT transactions trends and highlight any exceptions.
  • Coordinate with other shared service functions on various Tax touch points and ensure overall governance framework.

 

Tax Reporting-

  • Generate Auto group level VAT reporting and submit for internal approval.
  • Validate tax reports agreement with underlying books of accounts.
  • Ensure timely submission of Tax return to tax authorities.

 

VAT Documentation-

  • Maintain permanent VAT files for registration documents, tax certificates, official communications etc in line with the guidance provided by group tax.
  • Maintain Permanent file for VAT filing including monthly tax returns along with necessary supporting documents and payments receipts.
  • Maintain records of training and other related documents such as samples of invoices verification, tax assumptions, queries etc.

 

Tax Assessments-

  • Co-ordinate on any tax queries and assessments from authorities and ensure to provide necessary information on a timely basis with adequate supporting documents.
  • Liaise with authorities and coordinate between various stakeholders in business, group accordingly.
  • Support and co-ordinate during any internal and external consultants review and audits.

 

Compliance-

  • Prepare plans for periodic review of finance SOPs and assess compliance.
  • Participate in system upgrade/IT projects and ensure to provide requirements and successful completion of test cycles.
  • Focus on identification, assessment on areas of exceptions in changing business environment.

 

Others-

  • Ensure compliance requirement for other taxes such as corporate tax and withholding tax.
  • Support continuous review of SAP/ Frontend system process for VAT compliance and recommend corrective process changes based on requirements around tax compliance.
  • Ensure to maintain master data records on pricing, tax trigger factors and build warning signals.

 

Minimum Qualifications and Knowledge:

  • Degree in Accounting with Experience / Professional accounting qualification preferred.
  • Excellent written and verbal communication and interpersonal skills. Ability to communicate and interact well

Minimum Experience:

  • 8 to 10 years of relevant experience, with a good knowledge of ERP systems.

 

Job-Specific Skills:

  • Good in Accounting and expert knowledge in Taxation line like VAT etc. Should possess a good knowledge of excel and have prior experience in working with large databases.

 

 

 

KGM

We’re here to provide excellent service but a little help from you can ensure a five-star candidate experience from start to finish.

 

Before you click “apply”: Please read the job description carefully to ensure you can confidently demonstrate why this opportunity is right for you and take the time to put together a well-crafted and personalised CV to further boost your visibility. Our global Talent Acquisition team members are all assigned to specific businesses to ensure that we make the best matches between talent and opportunities. We not only consider the requisite compatibility of skills and behaviours, but also how candidates align with our Values of Respect, Integrity, Collaboration, and Excellence.

 

As part of our candidate experience promise, we also want to make ourselves available to you throughout the application process. We make every effort to review and respond to every application.