VP, Taxation – VAT

27 أكتوبر، 2022

0 34 2 دقائق

Job Description

Job Description
JOB PURPOSE:
The primary purpose of the job is to lead and manage the Group's VAT & GST in all the applicable countries where the Group operates. This includes oversight of all VAT and GST reporting and compliance as well as advisory. The jobholder has accountability for all VAT and GST input on any project, product, M&A, and business activity. The jobholder should instigate improvements to existing risk and processes, and introduce wherever applicable especially in new countries adopting VAT or GST.
KEY ACCOUNTABILITIES:
This section shall not be customised to reflect accountabilities which may be unique to one role. Please use Section 5 to capture any accountabilities specific to the role which are over and above those mentioned in this section.
Generic Accountability
. 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 including senior stakeholders
. Deals with external consultants wherever required
. Deals with Tax authority as required on a timely basis
Job Specific Accountabilities
. Develop and manage tools to oversee timely submission of all VAT & GST returns for FAB entities globally
. Develop and manage timely VAT payments and/or recoveries information for the consolidated Group
. Introduce data analytics and sensitivity tools / check on VAT impact to the Consolidated P&L
. Manage compliance activities in line with UAE VAT laws and regulations to mitigate group tax risk and minimize exposure
. Manage timely VAT payments and/or VAT recovery in the UAE for the Group
. Monitor the quality of the data/reports prepared internally
. Identify system issues and opportunities to continuously improve the VAT compliance processes
. Manage an end-to-end process for FTA reconciliation and audit requirements
. Provide training to responsible teams / stakeholders where necessary
. Act as the central point of contact for VAT & GST related queries from the business, international and support functions
. Follow-up and review the monthly VAT reconciliations for the VAT accounts
. Act as the central point of contact with external tax consultants for VAT compliance activities
. Lead and manage VAT audits, including gathering information and responding to FTA requests
. Lead VAT implementation for any new jurisdiction where VAT/GST is introduced
. Monitor and implement VAT & operational taxation legislative changes
Job Context
Specific Accountability
. Full responsibility of the VAT return process for the GCC countries from risk management, governance and control, to compliance.
. Oversight of non-GCC VAT & Operational taxes returns, compliance adherence and risk management
FRAMEWORKS, BOUNDARIES, & DECISION MAKING AUTHORITY:
. Delegation of Authority for Group Finance (Financial & People Activity)
. BIA & BCP for Group Finance
. Group Policy for VAT & Operational taxes
. Delegated authority for providing professional opinion (advice & recommendations) on VAT matters for FAB
Qualifications
QUALIFICATIONS & EXPERIENCE:
Minimum Qualification
. Bachelor's degree in Taxation, Finance or related discipline.
. A professional qualification is preferred
Minimum Experience
. 5 years relevant experience in VAT / GST, which includes 3 years in the FS field – the banking sector is preferred .
. EU / UK / South African or similar previous international VAT experience is preferred .
. Implementation and in-house experience advantageous