Group Tax Manager Tax Agent (TAAN) 20022174
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Total years of experience :30 years, 11 Months
Managerial experience:
Laying down the principles and rules for tax policies in line with the Federal Tax Authority
Reviewing all invoices, purchases, expenditures, sales, import and export for a group of companies and to ensure that they comply with the tax standards
Establish a tax group
Submit tax returns and make refund requests
Supervising the companies' pages at the Federal Tax Authority
Full cooperation with the authority’s auditors and facilitate their work
Experience of managing numerous financial operations / subsidiaries.
Corporate governance experience
Ability to plan, co-ordinate motivate and control staff and activities in line with their duties.
Self-motivated and ability to achieve set goals.
Prepared to travel to each of subsidiaries.
Team player.
DUTIES:
Oversees the Finance & Accounting & TAX function of the Group.
Oversee Financial and Accounting system controls and standards used by the Group.
Ensures timely provision of Group financial and statistical reports for management.
Ensuring that all accounting functions are accurately and effectively fulfilled.
Working with Subsidiary heads and subsidiary Finance Managers to prepare budgets, forecasts and other financial plans.
Working with all Subsidiary heads to ensure that their individual budgets are managed for the most effective and efficient use of financial resources.
Liaison with the Subsidiaries to ensure that there is prudent financial management; that they maintain necessary facilities with the banks and that such facilities are competitively priced.
Liaison with external auditors to ensure that audits are properly planned, carried out and that financial reports are prepared within set timelines.
To collaborate and coordinate the activities of outside suppliers of financial services hired or contracted by the Group, including accountants, auditors, financial consultants etc.
To carry out any other duties as may be assigned from time to time by the Group Managing Director.
Responsible for all the Financial Management.
Prepare profit and loss statements at detailed level and monthly closing of financials.
Analyze and present financial reports in an accurate and timely manner.
Coordinate and lead the annual audit process.
Oversee and lead annual budgeting and planning process
Manage organizational cash flow and forecasting.
Implement a robust contracts management and financial management/ reporting system.
Update and implement all necessary business policies and accounting practices; improve the finance
department’s overall policy and procedure manual.
Effectively communicate and present the critical financial matters to the board of directors
Warehouse management- Property Management-
Management of rents and leasing- School accounts- construction companies-investment companies
Food and beverage companies-Industrial Companies Accounts
Wholesale and Sector Trade Companies-Retail companies
Sales, purchases, quotations and purchase order- Import and Export - Logistics Services
Manage 31 schools
• Ensure all transactions relating to AP, AR, GL, Bank Account, Cash and other are carried out on daily basis (asap), accurately (adopting a first time right approach) in line with the agreed SOPs.
• Develop and deliver an effective month end close (target 1 day) process with minimum level of accruals as possible.
• Ensure effective reconciliation on each GL account in balance sheet for each legal entity
• Ensure that financial elements of the payroll process are carried out effectively, and information is captured correctly.
• Effective management including but not limited to credit control, collections, petty cash and Accounts Payable.
• Develop, implement and review all financial results and reports to ensure delivery of accurate and timely financial information, to support business decision making.
• Develop and document business processes and accounting policies to maintain & strengthen internal controls.
• Prepare and publish timely and accurate statutory financial statements in line with IFRS for each legal entity
• Review the Financial Results jointly with the Management Accountant and compare against objectives and budget providing the CFO with detailed analysis.
• Develop and deliver effective Inventory management including management of physical stock takes, consignments, depots and accurate transactional data in the ERP system.
• Ensure that all company insurance needs with the exception of medical and life are met, that there is continuous cover that meets the requirements of the business.
• Daily cash monitoring and effective short term cash forecasting process
• Develop and maintain an effective filing system that ensures easy retrieval of Finance files Ensure that the ERP system is fit for purpose and ensure that it is fully utilized within Red.
• Develop effective relationships with banks and auditors.
Management
• Ensure that direct reports have the right skills necessary to perform their roles effectively by assessing the actual skill level against required and putting in place development plans to fill in any gaps.
• Establish performance goals with direct reports, ensure they are in line with the overall company strategy, and conduct regular one to one meetings, to check that objectives are being delivered and any development requirements are addressed.
• Coach and develop direct reports, operating an open door policy that encourages honest discussion, and discourages a blame culture.
• Develop a succession plan for the department, to ensure that there is no risk to the business in the event of illness or resignation of key employees.
• Ensure that all direct reports have an active Performance Appraisal Plan that delivers S.M.A.R.T. objectives and a development plan, and is completed within agreed timescales Personal Development
• Practice personal continuous improvement, by attending any relevant courses, reading and through coaching (internal or external), be aware of and stay informed about all the latest developments in financial best practice.
• Arrange an annual appraisal with your line manager in accordance with the company’s appraisal process.
Responsible to build the financial reporting and analysis capability within the company.
• Manage the financial reporting, accounting and collection departments of the company.
• Develop a set of business reporting tools and dashboards for senior management.
• Responsible for planning, forecasting and budgeting and involved actively in strategic management.
• Assess, communicate and manage all financial risks within the GCC.
• Ensure regular balance sheet, P&L and cash flow reviews as well as timely reconciliation of all cash, bank and intercompany balances.
• Lead all budgeting and planning processes that are aligned with the long term strategy and the business plans to deliver timely and accurate submissions of forecasts and budgets within the established corporate planning calendar.
• Ensure processes and capability to produce and deliver timely and accurate management accounts that reflect the financial position of the individual companies and the consolidated position.
• Responsible for providing business support and analysis to the senior management team and CEO.
• Responsible for creating financial models.
• Responsible to continuously evaluate and advice on the capital structure.
• Manage banking relationships and facility utilization.
• Responsible to produce periodic financial statements.
Warehouse management- Property Management-
Management of rents and leasing- School accounts- construction companies-investment companies
Food and beverage companies-Industrial Companies Accounts
Wholesale and Sector Trade Companies-Retail companies
Sales, purchases, quotations and purchase order- Import and Export - Logistics Services
Prepare calculations for projects with engineers
Configure the accounting system of the contracting company
Follow-up of various projects
Prepare profit and loss account of the projects at each stage of construction and different compared to achieve the target
Set up an account wages for workers and engineers
Prepare profit and loss account of the Company all
Prepare petty cash, Follow-up needs of the various sites and projects, Follow-up suppliers and customers -Follow-up receivables and payables
Prepare monthly trial balance, Prepare profit and loss account
Prepare the income statement, Prepare the balance sheet
Recording daily sales, Follow-up debtors, Follow-up suppliers
Follow-up Bank, Writing checks, Prepare petty cash, Prepare wages, Knowledge of tax law, Knowledge of labor law, Follow-up demand and limited inventory and purchase limit for each product.
PWC VAT Compliance Diploma Dubai - Group 22
Accounting