Statutory Reporting & Tax Manager

Job Description

Job Description :
One of the local leaders in Oil & Gas services located in Khobar is looking to hire a Finance Manager to join their team with a focus on Statutory Reporting and Tax. The successful candidate must be based in KSA and fully qualified with one of the following (ACCA, CPA, SOCPA, etc.)
Responsibilities:

• Developing the financial strategy, including risk minimization plans and opportunity forecasting
• Reporting and Presenting to the CFO the consolidated management reporting and financial analytics for all group companies.
• Liaise with external auditors and local banks within the Kingdom
• Have a robust knowledge of banking
• Prepare timely monthly and quarterly financial reporting planning and analysis, and variances and share it with management on a monthly and quarterly basis
• Preparation of Annual business plans for holding company and its subsidiaries
• Provide accounting and tax advice to business units when required
• Preparing cash flow forecast & managing the same closely with the various department stakeholders
• Supervise account receivable and payable processes and the related system enhancement initiatives
• Perform an assessment on the accounting treatment for current / new products and business lines, including but not limited to the booking logic, reporting treatment, and the financial and regulatory reporting impact
• Review and implement new accounting standards and ensure it is properly implemented
• Ensure the tax filings/returns are adequately prepared and submitted
• Facilitate and manage the preparation and review of company Monthly VAT & WHT, coupled with annual zakat tax returns and the accurate, timely filing of all tax forms.
• Find and implement opportunities for process improvement in company tax procedures.
• Ensure accurate, timely filing of consolidated federal, state, and local corporate tax returns and other business-related filings.
• Develop and implement strategic tax planning for all necessary Saudi-based taxes such as PE Tax, WHT Tax, Annual Zakat / Corporate Tax, VAT, etc.
• Monitor legislative and regulatory tax law developments, communicate the effects of these developments to management and the tax team, and create strategies to capitalize on changes to taxation legislation.
• Implement control measures and financial processes with group companies in alignment with corporate policies and procedures
• Improving efficiencies and reducing costs across the business
• Ensuring compliance with statutory law and financial regulations
• Preparation of IKTVA reports on a quarterly basis

Skills & Experience

• Fully Qualified CPA / ACCA / ICAI / ICAP candidates only (No CMA candidates) (Only full qualified candidates will be interviewed)
• Minimum 7 years of experience in Finance Manager role (Big 4 experience is a plus)
• Strong Knowledge and experience in IKTVA
• Strong knowledge on corporate banking products and the related treatments in IFRS
• Strong analytical skills, detail/accuracy oriented
• Minimum of 8 years of relevant working experience such in Audit and Financial Accounting
• Good command of both spoken and written English a must
• Strong communication, interpersonal, problem solving, and supervisory skills
• Excellent analytical and problem-solving skills, strong interpersonal and communication skills, and ability to work under pressure
• A good team player, highly analytical, independent and self-driven
• Immediate available is preferred

Job Details

Employment Types:

Full time

Industry:

Recruitment / Staffing / RPO

Function:

Finance & Accounts

Roles:

Accountant

Skills:

Statutory Reporting & Tax Manager

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