| Job Location | UAE - United Arab Emirates |
| Education | Chartered Accountant(Chartered Accountant). |
| Salary | Not Mentioned |
| Industry | Banking / Financial Services / Broking |
| Functional Area | Not Mentioned |
Job Purpose:Contributes effectively to the robustness of the Finance function and the bank?s overall controls framework by being responsible for VAT reporting & development and implementation of VAT policies, principles, processes and procedures in the bank.Key Responsibilities:1.Ensure Bank?s compliance with VAT laws and regulations & Preparation of VAT returns and other VAT reports for submission to the FTA 2. Identify the VAT risks, plan remediation action and manage the implementation of the remediation plan and resolution of the risks 3. Responsible to develop VAT MI elucidating the impact on Income & Expenses at a Product, Segment and Cost line level of granularity 4. Identify & track all changes in the VAT legislations, determine the VAT consequences for the Bank and provide remediation plan and solutions 5. Assist in providing advice to the Bank on VAT implications of transactions6. Review terms and conditions in contracts and agreements to determine VAT implications & provide inputs from a VAT perspective into company strategies, policies and procedures 7. Manage VAT audits (External & Internal), prepare and coordinate appeals to support the tax position taken, and propose and implement appropriate settlement schemes 8. Validation of VAT system for new IT configurations due to new changes in VAT law, rules and regulations and ensuring minimal manual overlays to adhere to VAT requirements 9. On-going Improvements ? Continuously review current processes to find better ways of working. Focus on automation to increase time spent on review and analytics.
Keyskills :
Assistant Vice President VAT FTA
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