Zakat & Tax Sr. Specialist
Bahri
مجموع سنوات الخبرة :14 years, 2 أشهر
• Review and filing of monthly Value Added Tax and Withholding Tax Returns according to ZATCA
• regulations and interpretations.
• Assisting Tax Advisors to prepare and review all responses to ZATCA queries for Audit inquiries and
• assessments.
• Coordination with Zakat/Tax advisors to prepare full analysis of ZATCA assessment and completion of
appeals documentation in a timely manner.
• Monitor legislative and regulatory tax law developments from ZATCA, communicate the effects of these
developments to management and the finance team and create strategies to capitalize on changes to
taxation legislation.
• Reviewing frequently the company practice and advise on ways to improve VAT regulatory compliance.
• Compiling and following VAT and WHT issues and advising concerned departments to take corrective and preventive measure to mitigate the current and future risks.
• Assessing potential risk factors related to receivables and recommending best preventive Credit practices, customer risk management strategies, collection methods, credit terms management and develop working relationships with commercial & local finance partners.
• Monitor and maintain financials of global high-risk customers utilizing third party service system
• Financial risk evaluations for new/existing Customers, working with Commercial teams to track assessments.
• Review receivable for collection efforts and make decisions on pending receivables, extending additional credit, placing accounts on hold status
• Monthly and Quarterly Consolidated Trade Receivable’s reporting
• Quarterly Provision calculation through ECL Model (IFRS 9)
• Identification and reporting of potential write-off based on Credit Terms and Customer analysis.
• Receivable Trend/Variance and performance analysis
• Resolves collections by examining customer payment plans, payment history, credit line, coordinating with business department
• Weekly and Monthly forecasted collection plans for Cash Management based on Credit Policy
• Perform root cause analysis on issues and participate actively in the resolution
Preparing monthly & yearly Financial Statements schedules
Review financial reports to identify and explain variances
Month-end, quarter-end year-end closing
Yearly Budget preparation and controlling cost accordingly
Reconciliation of Accruals, Fixed Assets, Prepayments, Bank Accounts, Suppliers & Customer Accounts
Supervising Accounts Receivable and Payable team to make sure period closing
Managing Fixed Assets, Depreciation and Prepayments schedule
Analyzing and maintaining General Ledger adjustments & Recurring Entries
Handling Int’l Settlement of transaction with UPS Dublin head office & follow-up with operations for Shipments related receivables & payables
Preparation & reconciliation of ISR report (UPS INT’L Settlement of Transactions Report) with UPS Dublin
Handling Int’l Settlement Transaction G.L entries
Check & review Supplier/Customer invoice entries in accounting system accompanying correct account codes and journal entries.
Check & review petty cash replenishment and ensure properly utilization of funds and on time replenishment of funds
Follow documentation retention policy to maintain accounting files
Maintains GL accounts Schedules for audit purposes
Assist various departments in accounting issues & queries
Assists internal & External Auditors during audit period
Development of overall risk based strategy and audit plan for the audits assigned.
Development of audit program to ensure effectiveness of audit.
To comply with the company’s internal audit policy, procedural manual and risk based audit methodology.
Performance of risk based financial and management audit of controlling offices of the company, branch audit, investigations, special audits and follow up audits to ensure existence and efficacy of system of internal controls and ascertain level of compliance with prior audit findings, recommendations and statutory/regulatory norms.
Review compliance with the standard operating procedures and internal controls.
Preparation of audit reports.
Monitor and ensure compliance of issues raised by external auditors and regulators.
Oversees the daily accounting activities required to maintain general ledger.
Preparation of monthly Accounts.
Supervises, directs, and reviews the work of the accounting staff
Reviews general ledger on a monthly basis to ensure accuracy of posting
Coordinates monthly, quarterly, and annual closing activities.
Produces quarterly and annual financial statements and ad hoc financial reports.
Makes and implements recommendations to improve accounting processes and procedures
Performs other duties as assigned or required.
Cash and Bank reconciliations, accounts receivable transactions, fixed asset activity, payroll, accounts payable transactions, recording of revenue and expenses
Purchase Order and Material requirement planning