Senior Financial Operations Specialist

Job Objective:

Implement and follow up on all tasks related to tax compliance, including preparing tax returns (such as VAT and Zakat), analysing taxable transactions, ensuring compliance with regulations and instructions issued by regulatory authorities, while supporting tax audits and contributing to the development of tax policies and procedures.

Responsibilities:

1- Tax Returns and Compliance:

• Preparing and submitting monthly and annual tax returns (such as VAT, Zakat, or other taxes).

• Reviewing financial transactions to ensure they are subject to or exempt from taxes according to the system.

• Ensuring timely filing of returns in accordance with the requirements of the General Authority of Zakat, Tax, and Customs (or the relevant authority).

2- Analyzing and Documenting Tax Transactions:

• Reviewing contracts and invoices from a tax perspective to determine the financial impact and ensure accurate processing.

• Verifying the accuracy of entering tax-related data into the ERP system.

• Preparing supporting tables and documents for tax returns and maintaining them in an organized manner.

3- Follow-up with tax authorities and consultants:

• Responding to inquiries from the tax authority and following up on objections or settlements.

• Coordinating with external tax consultants when necessary and reviewing their reports and recommendations.

4- Tax Audit Support:

• Preparing the required documents and reports in the event of an audit by the authority or relevant authorities.

• Addressing observations and recommendations resulting from tax audits in coordination with internal entities.

5- Updating Policies and Legislation:

• Monitoring updates to tax laws and regulations and assessing their impact on the organization's operations.

• Participating in the development of internal policies and procedures to ensure ongoing tax compliance

6- Reporting and Analysis:

• Preparing periodic reports on current and projected tax liabilities.

• Analyzing discrepancies between calculated and paid taxes and providing necessary recommendations.

Required Education:

• A bachelor's degree in accounting, finance, or a related field.
• Strong knowledge of local tax laws and regulations (e.g., value-added tax, zakat, withholding tax).

A professional certification such as a VAT specialist is preferred.

Required Years of Experience:

3 - 4 Years, at least two years of practical experience in the field of taxation or accounting, including at least one year in a position directly related to preparing tax returns.