Tax Specialist

JOB SUMMARY / INTRODUCTION

The primary purpose of the job is to assist in preparing the Group’s UAE Corporate Tax computations and analysis in accordance with the UAE Regulations. The job involves assisting the AVP in preparing the corporation tax schedules of analysis as guided and instructed, coordinating and working with the financial reporting team on Oracle / SumX balances and reconciliation, dealing with setting up and submitting tax information on the AmaraTax portal, being responsible for ensuring all sufficient tax documentation is in place to withstand Tax authority scrutiny for the required periods, dealing with any queries raised the Regulator or UAE MoF on a timely basis, assisting the Group Head of Tax and Group Tax team with on-going direct tax issues arising for the Group as needed, and working with the Tax team to support absentees or assisting during time of need.

KEY RESPONSIBILITIES

• Assisting the AVP in preparing the corporation tax schedules of analysis as guided and instructed.
• Co-ordinating and working with the financial reporting team on Oracle / SumX balances and reconciliation
• Dealing with setting up and submitting tax information on the AmaraTax portal
• Being responsible for ensuring all sufficient tax documentation is in place to withstand Tax authority scrutiny for the required periods.
• Dealing with any queries raised the Regulator or UAE MoF on a timely basis.
• Assisting the Group Head of Tax and Group Tax team with on-going direct tax issues arising for the Group as needed.
• Working with the Tax team to support absentees or assisting during time of need.
• Monitor adherence to FAB’s Direct tax policy for UAE taxation
• Identify and log any Tax gaps providing input to risk register
• Assist to develop, update, and improve Tax policies across all business lines as relevant
• Ensure compliance is in accordance with UAE Regulations
• Ensure tax documentation is in place to support Tax positions taken in reporting
• Assist in closing any tax authority or regulatory enquiries / audits on tax issues
• Assist in working with closing current and historic GIA points raised on Tax
• Participate in New product calls and sign-off approvals as required
• Keep up to date with relevant Tax technical regulations
• Support Finance and Business teams on any tax analysis and issues arising (e.g., tax office enquiries)
• Ensure documentation retained succinctly and stored appropriately for future tax authority challenges
• Log all on-going tax calls and issues for Group Head of Tax to address
• Assist on ad-hoc projects as needed
• Ability to interact with multiple stakeholders across the bank
• Ability to work under pressure and within tight deadlines
• Dealing with external consultants wherever required
• Dealing with UAE FTA as required on a timely basis
• Character to persevere and ensure completion of required tasks
• Showing strong interpersonal skills

REQUIREMENTS / QUALIFICATIONS

• Relevant academic qualifications (Accounting/Tax preferred) e.g. ACCA, AAT, UAE CIT etc
• Minimum First-degree qualification required
• General financial accounting experience required
• Good communication and interpersonal skills
• Attention to detail
• Quick learner
• Ability to use own initiative
• Able to record issues
• Ability to handle pressure and tight timeframes

• Ability to work on project-based tasks in an unstructured environment

Preferred / Beneficial

• Some specific corporate tax experience preferable

• Banking industry experience preferred

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