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Associate Manager, Tax

Date: 16-Sep-2022

Location: Dubai, AE

Company: Majid Al Futtaim

Majid Al Futtaim Properties invites you to join us in our quest to create great moments for everyone, everyday! We are the leading shopping mall, and residential communities pioneer across the Middle East, serving over 560 million visitors a year. For the past two decades, we have shaped the consumer landscape across the region, transforming the way people shop, live and play, while maintaining a strong sustainability track record and the largest mall in the world to attain LEED Gold EBOM Certification. We have over 40,000 team members in 15 international markets representing over 100 nationalities – all keeping the customer at the heart of everything we do. If you enjoy being BOLD, PASSIONATE and TOGETHER, then Majid Al Futtaim is the destination for you.

 

Job Purpose:

 

The Candidate’s main objective shall be to support the Group Corporate Tax Team in meeting the tax operational needs in the KSA and Kuwait.

The successful candidate shall work closely with the corporate team, businesses teams and service providers. The successful candidate shall take full ownership of all the tax compliances accounting and documentation. Further, he should support various teams in advisory and compliance matters for the Majid Al-Futtaim Group in the KSA.

 

Job Details – Key Responsibilities and Accountabilities:

 

•    Support the Group tax team to undertake all the below: 
–    Being tax compliant in the KSA and Kuwait
–    Undertake all the applicable periodical compliances which include VAT, WHT, Corporate tax/ Zakat, or any other applicable tax
–    Prepare all the back-up data i.e. schedules, working papers in relations to all taxes compliances as per the Group tax guidelines 
–    Review documentation which includes contracts, invoices etc. to determine the correct tax treatments
–    Make all the companies Tax Audit ready
–    Work closely with the consultants for review, finalization and filing of the tax compliances
–    Coordinate with internal teams to undertake the required process changes as suggested by the consultants in order to rectify the periodical tax compliances 
–    Coordinate with the other internal teams to perform tasks from reporting to payment submission.
–    Provide updates on any tax developments in the region and highlight their impact on the Company
–    Undertake ad-hoc tax projects such as sale, merger etc. by preparing and providing adequate information 
–    Liaise with the tax authorities for all the ongoing litigations and other tax compliance
–    Interact with business and finance teams to understand the tax needs and provide any tax support 
–    Managing the tax data on eDMS by ensuring relevant tax data is updated and retained in line with the Group Retention Policy.
–    Implement any changes in the IT/ ERP systems to align to tax requirements
–    Develop internal controls from an AR, AP, accounting standpoint to ensure that there is proper tax compliances
–    Assist the Corporate team to implement any tax automation projects 
–    Align on any new accounting treatment from tax compliance point of view, with tax consultant as needed


Measure of Success – Illustrative KPIs:

 

•    Timely and accurate submissions and tax compliance
•    Assistance in tax matters to business and finance teams
•    Ensure that the company is tax audit ready
•    Timely follow up on tax regulations update and ensure implementation as per published law guidelines,
•    Visit tax authority from time to time as required for work need
•    Maintain proper archiving for all tax submissions working files, including but not limited to income tax return, VAT return, WHT forms,
•    Align on any new accounting treatment from tax compliance point of view, with tax consultant as needed

 

Personal Characteristics and Required Background:

 

Skillset (job specific technical skills and behavioral competencies needed)


•    Good practical Tax knowledge 
•    Good written and oral communication skills - Fluent English
•    Good accounting and ERP knowledge 
•    Advanced MS Word, Excel and PowerPoint skills
•    Able to meet short deadlines
•    Able to deliver quality work under pressure
•    Analytical and numerical skills. Attention to detail 
•    Strong customer service skills
•    Team building perspective
•    Make it happen attitude 
•    Process improvement mindset

 

Minimum experience

 

•    Minimum 4-5 years’ of similar experience, having worked in a Tax environment in a large organization, managing tax operational matters.
•    Having work in a Big 4 tax firm or any other tax consultancy is recommended
•    Having knowledge of real estate sector is recommended

 

Minimum education

 

•    Bachelor’s degree in Finance/Accounting is a must.
•    Must be a qualified Chartered Accountant (CA/ ACCA/ CPA/ ICAEW).