Tax Manager - Group Tax

Job Requisition ID: 168807 

Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United A”rab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world's most admired and innovative brands. Al-Futtaim Group’s entrepreneurship and relentless customer focus enables the organisation to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate. 

By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day.

We are currently seeking an experienced Tax professional to join our Group Tax team in the capacity of Tax Manager. 

Overview of the role

Responsible for ensuring that the taxes of the Group are properly accounted for in accordance with International Financial Reporting Standards (IFRS) and assisting in other Group Tax activities including tax provision reviews, tax accounting advisory and other relevant workstreams.

The successful candidate will work closely with businesses, service providers, and other tax professionals in carrying out the responsibilities.

What you will do

Pillar II

• Manage the tax accounting implications of Pillar 2, including Domestic Minimum Top-up Tax (DMTT), ensuring compliance with relevant accounting standards and regulations.
• Assess the impact of DMTT and Pillar 2 on tax liabilities, deferred tax assets/liabilities, and effective tax rate considerations, ensuring accurate reporting and alignment with IFRS.

Corporate Tax Compliance

• Manage Tax Compliance to ensure compliance with local Tax laws
• Successful adoption of the Al Futtaim Group’s Tax Operating Model across all Geographies

Tax Accounting Advisory

• Lead the preparation of the Al-Futtaim Group’s tax accounting position memos, especially on complex transactions, restructurings, and M&As, whilst taking into consideration both current and deferred tax implications arising therefrom.
• Provide tax accounting advice on a wide range of transactions and events, vis-à-vis the relevant accounting standards (i.e., IAS 12).

Tax accounting readiness vis-à-vis the adoption and/or introduction of new accounting standards

• Assist the Al-Futtaim Group Tax in determining the potential tax accounting implications of new accounting standards (i.e., IFRS) prior to their effectivity/adoption, and help the Al-Futtaim Group in identifying the tax accounting-related considerations which are relevant/necessary when preparing a proposed roadmap for the adoption of such new accounting standards.

Legislative developments

• Continuous monitoring of any tax and accounting developments globally could have an impact on tax accounting positions taken by the Al-Futtaim Group
• Provide technical assistance in relation to the review of the Group’s tax provisions (both current and deferred taxes).
• Assist in the review of tax-related disclosures required in the standalone and/or consolidated financial statements.

Automation

• Provide support with Tax Accounting-related system issues in close coordination with GTDP and assist in Tax Accounting automation initiatives.

Required skills to be successful

Accounting degree and qualification, such as ACCA or CPA

Tax compliance and/or tax advisory experience involving multiple jurisdictions

Fluent in English (written and verbal)

Tax Accounting, Tax Compliance and Tax Advisory

Project management skills

Ability to work on various on-going projects with good organizational and time management skills

Effective presentation skills

What equips you for the role

8 to 10 years of Tax Accounting experience and exposure to IFRS

5+ years of Tax compliance and/or Tax advisory experience

Preferably with Big 4 Accounting Firm experience

Industry experience is a plus

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.