Finance Analyst - Tax

Job Purpose

The job holder, under the supervision of the Finance Controller – Reconciliation and Tax and the direction of the Manager – Reporting and Business Support, performs highly professional accounting tasks within the area of assignment. The job holder is responsible for handling VAT accounting, compliance, reconciliation, and submitting tax returns to ENOC Group for an individual company or a group of companies in line with the agreed policies and procedures.

Principal Accountabilities

Tax Codes

1. Provide guidance to users on the usage of tax codes after reviewing the nature of transactions and origin.
2. Collaborate with the business and GFS for proper VAT accounting treatment on sales and purchases.
3. Support the Controller to pursue a data quality culture of capturing the right VAT information at the source and minimal corrections.

Data for VAT Calculation

1. Identify data required to support VAT calculation.
2. Coordinate with IT to obtain transaction details.
3. Analyse VAT transactions for accuracy.

VAT Compliance

1. Analyse transactions for compliance with VAT regulations.
2. Review the coding structure in Financial Accounts for VAT accounting.
3. Highlight instances of non-conformities to the control framework and potential control issues on day-to-day transactions for resolution.
4. Keep updating on recent VAT amendments and clarifications.
5. Highlight the implications of VAT amendments.

Additional Principal Accountabilities

VAT Return

1. Compile and compute VAT returns.
2. Prepare VAT returns as per FTA guidelines.
3. Arrange timely submission of VAT returns.
4. Prepare monthly VAT Balance Sheet reconciliations for VAT liability accounts.
5. Analyse and notify the supervisor of observations of issues in VAT returns for corrective action.
6. Prepare refund claims and/or voluntary disclosures within the prescribed time as per VAT regulation.
7. Assist the financial accounting section in areas of GL reconciliation to improve VAT reporting.

VAT Reporting

1. Prepare quarterly VAT returns to ENOC Group.
2. Gather information to respond to information requests from FTA.
3. Extract, analyse, and produce timely and accurate financial and statistical reports on VAT returns as required.
4. Provide input to the development of VAT compliant systems.

Audit & Professional Consultancy

1. Prepare information on VAT for internal, external, and government audits.
2. Prepare detailed VAT issue scenarios for consultants to review and obtain professional opinions for management to comply with FTA regulations.

Qualifications and Experience

1. Professional Qualification in finance (CA, ACCA, CPA, MBA) or Finance graduate subject to below experience.
2. 3 to 5 years of professional experience.
3. Experience in handling VAT Tax returns in UAE or in other countries.
4. Strong communication skills and computer literacy.
5. Experience in Accounting and Financial software and Microsoft programs.