Manager- Reporting and Compliance- Vat- Oracle - Dubai, United Arab Emirates - athGADLANG

athGADLANG
athGADLANG
Verified Company
Dubai, United Arab Emirates

1 week ago

Ahmed Al-Mansouri

Posted by:

Ahmed Al-Mansouri

beBee Recruiter
Description
aG Resources is looking to connect with Manager-Reporting & Compliance (
VAT)

  • Oracle Expert on an immediate basis.

Location:
Dubai


The job holder will manage and oversee financial accounting and reporting function and implement financial reporting/accounting,
VAT (Value Added Tax) and Corporate and control methodologies/initiatives and offer financial advice in line with the strategic objectives of the company to ensure financial control and profitability for the business.


Key Accountabilities:
Financial Objectives, Controls and reports

  • Support the department head in the implementation of financial plans related to Financial Accounting inorder to meet the departmental objectives and to ensure financial stability and cost benefits for the organization. Assess and measure control measures for Financial Reporting.
  • Maintain Chart of Accounts (COA) and General Ledger (GL) Hierarchies/Organization Structure which includes managing the process for COA and Hierarchy change requests from Entities while adhering to a control framework. Liaise with other enntities as needed to ensure compliance with structural requirements.
  • Responsible for issuance of consolidated and standalone statutory/ financial statements and reports, audit coordination and financial accounting and schedules in line with Company policies and procedures to ensure compliance with relevant financial reporting standards such as IFRS for all entities.
  • Generate Ad Hoc Reports as and when required by the business and external third parties by coordinating with the concerned departments for information required for consolidating the reports.
  • Provide quarterly/semi quarterly and consolidated regulatory and financial report(s) on noncompliance and governance with recommendation and corrective actions for decision making to senior management to make informed decisions.

VAT

  • Provide advice on general
    VAT liabilities and
    VAT implications of transactions to the wider business. Ensure adequate reflection of such transactions in the
    VAT return.
  • Manage monthly
    VAT refund submission process and document information as applicable.
  • Carry out adhoc projects to review selected business activities and processes to manage
    VAT risks.
  • Stay abreast with any new tax regulations, assess their implications and support in implementation of new tax regulations.
Corporate Tax

  • Ensure compliance as per applicable laws and requirement by reflecting correct accounting treatment.

Systems:

  • Provide input for the development and enhancements of systems in coordination with other concerned department to meet departmental business requirements and to be in line with best standards.
  • Provide inputs and suggestions for continuous improvement of Financial Reporting processes and practices taking into account 'International Best Practice' changes in International Standards and changes in the business environment which demand proactive action plans in line with company objectives.
GL activities

  • Review monthly financial accounts, balance sheet schedules, management reports and financial analysis within stipulated deadlines.

Audit:

  • Schedule Internal/External/Government/Third Party audit activities and prepare for the auditing of financial data and assist the auditors for completing audits as per the schedule.
  • Prepare action plans for audit findings and interact internally and externally to ensure all the audit findings are worked on and successfully dealt with facilitating subsequent audits. Maintain and manage audit clearance and external audit ICR (Internal control Review) documentation.

Policies, Processes, Procedures and Practices:

  • Provide inputs in developing financial policies, processes, procedures and practices for financial management that ensure adequate financial controls over all company operations thereby ensuring the cost advantage in all its resource utilization and financial activities.
  • Review and evaluate the financial information periodically/regularly to ensure compliance with company policies and procedures and effective control within the company.

Advisory and Leadership:


Conduct in-house trainings for the team members to keep them updated regarding the standards for financial accounting and ensure timely resolution of their queries.

Key Performance Indicators

  • Timely and accurate System enhancements and customized reports.
  • Number of recommendations approved and accepted.
  • Financial plans approved and implemented.
  • Financial Policies and procedures; forms and templates in place.
  • Timely and accurate submission of all monthly, quarterly and annual reporting.
  • Overall quality of the Financial Statements, GRPs and Reports.
  • All statutory financial statements are in line with policies and procedures and are IFRS compliant.
  • Control measures in place for Financial Reporting.
  • Latest Hierarchies in Financial Systems reflect the latest Organization structures as confirmed by legal team.
  • Follow up on Audit feedbacks.
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