Tax and Statutory Compliance Assistant Manager

Tax and Statutory Compliance Assistant Manager

Role Profile: Assistant Manager, Tax and Statutory Compliance

Position Overview:

The Assistant Manager, Tax and Statutory Compliance, within the Finance Department, plays a crucial role in ensuring compliance for the firm relating to accounting, reporting, tax laws & regulations. This role involves assisting in the development, implementation, and monitoring of tax strategies to minimize tax liabilities while maintaining compliance. The Assistant Manager collaborates closely with senior management, authorities, and other stakeholders to ensure accurate and timely reporting.

The Assistant Manager, Tax and Statutory Compliance, is a pivotal role within the Finance Department, responsible for ensuring the organization's adherence to laws and regulations. By providing expertise in IFRS, tax compliance, planning, and analysis, the Assistant Manager contributes to the overall financial health and strategic objectives of the organization.

Key Responsibilities:

Financial Accounts Oversight:

• Ensure accuracy, completeness, and timeliness of account reconciliations, financial statements, and reporting processes.

Financial Statements: IFRS and OS

• Key preparer role in the preparation of annual financial statements under IFRS and OS (KPMG reporting standards). In addition to several sets of financial statements for each trade license.

In Country Value Add:

• Take the lead in preparing the firm's annual ICV calculation, manage the external audit thereof and ensure timely renewal of ICV certification.

Compliance and Audit Leadership:

• Ensure compliance with financial regulations, accounting standards, and internal control policies, overseeing the implementation and maintenance of robust internal controls and procedures.
• Coordinate and facilitate internal and external audits, provide support and guidance to auditors and ensuring timely resolution of audit findings and recommendations.
• Develop and maintain documentation of accounting policies, procedures, and controls to ensure adherence to regulatory requirements and industry best practices.

Tax Compliance Management:

• Assist in preparing and filing tax returns, ensuring compliance with local, state, federal, and international tax regulations.
• Monitor changes in tax laws and regulations, assessing their impact on the organization, and implementing necessary adjustments.
• Address queries from the business relating to indirect taxes incurred on cross border transactions.
• Maintain accurate tax records and documentation for audits and compliance purposes.

Tax Planning and Strategy:

• Support the development of tax planning strategies to optimize the organization's tax position.
• Assist in evaluating the tax implications of business decisions, transactions, and investments.
• Collaborate with internal stakeholders to identify tax-saving opportunities and implement tax-efficient structures.

Reporting and Analysis:

• Prepare and analyze tax provisions for financial reporting purposes, ensuring accuracy and compliance with accounting standards.
• Assist in preparing financial statements and disclosures related to taxes for internal and external reporting.
• Provide insights and recommendations based on tax data analysis to support strategic decision-making.
• Identify potential tax risks and exposures, developing mitigation strategies to minimize tax-related risks.
• Conduct regular reviews and assessments of tax processes and controls to ensure effectiveness and compliance.
• Assist in responding to tax inquiries, notices, and audits from tax authorities, providing necessary documentation and support.
• Work closely with cross-functional teams, including finance, legal, and operations, to ensure alignment on accounting and tax-related matters.
• Collaborate with external tax advisors, auditors, and consultants as necessary to support tax compliance and planning initiatives.

Deliverables include but not limited to the following:

• VAT for UAE and Oman
• Withholding Tax - Oman
• Group IFRS accounts
• Trade License - Financials required for each trade License in the UAE.
• ICV financials and scoring for Dubai and Abu Dhabi

Qualifications:

Educational Qualifications:

• Bachelor's degree in; Accounting, Finance, or related field.
• CPA or equivalent professional certification required.

Work Experience:

• Minimum of 3 years proven experience in tax compliance and reporting within a corporate or public accounting environment.

Technical Skills:

• Strong analytical skills with the ability to interpret complex tax regulations and implications.
• Detail-oriented with strong organizational and time management skills.
• Proficiency in tax software and MS Office applications, particularly Excel.
• Solid understanding of tax laws, regulations, and compliance requirements.

Interpersonal Skills:

• Excellent communication and interpersonal skills, with the ability to effectively collaborate with internal and external stakeholders.
• Ability to work well under pressure and make sound decisions.

Seniority level: Mid-Senior level

Employment type: Full-time

Job function: Accounting/Auditing and Finance

Industries: Accounting

KPMG is an equal opportunities employer and welcomes applications from all sections of the community.