FINANCE ANALYST- CNTG

Job Title

Finance Analyst

Business

CIS

Job Purpose

UAE Value Added Tax and Economic Substance Regulation Compliance

Principal Accountabilities

VAT and Economic Substance Regulation Compliance

•    Review of VAT return every quarter/month with the regulatory authorities. finalisation and filing of VAT returns.
•    Track and monitor the correctness of VAT liability being captured in the system for all AP and AR invoices.
•    Filing Voluntary Disclosures and Re-consideration requests with FTA and Objections before TDRC.
•    Managing VAT compliance and obtaining VAT registration.
•    Communication of VAT positions from AR and AP perspective with the Business team. 
•    Keep apprised of the VAT Public clarifications from FTA and execute changes in system/Filed returns
•    Obtaining VAT clarifications with FTA.
•    Address to the VAT queries of Business and Finance departments
•    ERP / System Development – Providing feedback to the IT team for VAT related system developments.
•    Coordinating with Lawyers on filing of statement of claim with the Court.
•    Coordination with Group Finance on VAT related work/issues
•    Coordinating with VAT consultants for seeking Tax opinions.
•    Coordinating with Internal and External Auditors for concluding Tax Audits.
•    Managing Economic Substance Regulation Compliance.
•    Coordinating with Internal concerned parties and Consultants for submitting the ESR reports within the set timeframe.
•    Perform/controls accounting and tax due diligence exercise with respect to potential mergers and acquisitions and /or proposed restructuring scenarios.

Knowledge about other Financial & Accounting Control tasks
•    Review monthly accounts upon closure as per agreed timelines; ensure that all month end cost accrual, expense amortisation and revenue recognition journal entries are passed timely and accurately. 
•    Review of periodic and year end GL schedules for balance sheet items and reviews movement in P&L accounts.
•    Responsible for producing accurate and timely financial information as required by the management, Group, banks/financial institutions and governing bodies.
•    Responsible for finalization of annual accounts, as per local standards (where applicable) and international standards like IFRS in line with external reporting timelines
•    Supervises the day to day functioning of the account payable section to ensure timely and accurate booking and payment to vendors.
•    Checks all invoice payment before sending them to authorized signatory to ensure no double payment.
•    Ensure for a timely & accurate preparation of bank reconciliation for all banks & make sure that all pending items are cleared on a timely basis.
•    Reviews all the reconciliations and schedules and identifies corrective actions.
•    Identify system requirements for all concerned areas of the respective BU for system development.
•    Participates in projects that require input and advice from Finance.
•    Perform User Acceptance Testing for the system developed.
•    prepares and ensures that all regulatory submissions are submitted on a timely basis.
•    Assist the Manager Financial Accounting & Control with ad hoc projects and special assignments.
•    Provide backup support for team members during their leaves
•    Other projects like review of agreements, DOA, policies and procedures etc. as and when arises.

Experience

• Educational Qualification: A university graduate in Finance/Accounting.
• Experience: 2 to 4 years.
• System Skills: ERP system exposure, MS Office
• Inter Personal Skills: Good
• Communication Skills: Good
• Presentation Skills: Good