Finance Analyst - Tax

ENOC LUBRICANTS AND GREASE MANUFACTURING PLANT LLC

Job Title: VAT Accountant

Job Purpose:
The job holder under the supervision of Finance Controller Reconciliation and Tax and direction of 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 policies and procedures as agreed.

Principal Accountabilities:

1. Tax Codes:
   Provide guidance to users on the usage of tax codes after reviewing the nature of transactions and origin. Collaborate with the business and GFS for proper VAT accounting treatment on sales and purchases. Support the Controller to pursue a data quality culture of capturing the right VAT information at source and minimal corrections.
2. Data for VAT Calculation:
   Identify data required to support VAT calculation. Coordinate with IT to obtain transaction details. Analyze VAT transactions for accuracy.
3. VAT Compliance:
   Analyze transactions for compliance with VAT regulation. Review coding structure in Financial Accounts for VAT accounting. Highlight instances of non-conformities to control framework and potential control issues on day-to-day transactions for resolution. Keep updated on recent VAT amendments and clarifications, highlighting implications of VAT amendments.
4. VAT Return:
   Compile and compute VAT returns. Prepare VAT return as per FTA guidelines. Prepare VAT returns and arrange timely submission.
5. VAT Reconciliation:
   Prepare monthly VAT Balance Sheet reconciliations for VAT liability accounts. Analyze and notify the supervisor on observations of issues in VAT return for corrective action. Prepare refund claims and/or voluntary disclosures within prescribed time as per VAT regulation. Assist the financial accounting section in areas of GL reconciliation to improve VAT reporting.
6. VAT Reporting:
   Prepare quarterly VAT return to ENOC Group. Prepare and gather information to respond to information requests from FTA. Prepare, extract, analyze, and produce timely and accurate financial and statistical reports on VAT returns as required. Provide input to the development of VAT compliant systems.
7. Audit & Professional Consultancy:
   Prepare information on VAT for internal, external, and government audits. Prepare detailed VAT issue scenarios for consultants to review and obtain professional opinions for management to comply with FTA regulations.
8. Special Assignments:
   Assist the Finance Controller Reconciliation and Tax with ad-hoc projects and special assignments.

Minimum Requirements:
Professional Qualification in finance (CA, ACCA, CPA, MBA) or Finance graduate subject to below experience.
Experience: 3 to 5 years of professional experience in handling VAT Tax return in UAE or in other countries. Strong communication skills and computer literacy. Experience in accounting and financial software and Microsoft programs.