About the job
Job Purpose:
The primary objective of this role is to support the preparation of the Group’s UAE Corporate Tax computations and analyses in compliance with UAE regulations. Responsibilities include:
- Assisting the Assistant Vice President (AVP) in compiling the corporation tax schedules and analyses as directed.
- Coordinating with the Financial Reporting team on Oracle/SumX balances and ensuring reconciliation.
- Managing the setup and submission of tax information via the AmaraTax portal.
- Ensuring that all necessary tax documentation is maintained to withstand scrutiny from tax authorities for the relevant periods.
- Timely addressing any queries raised by the Regulator or UAE Ministry of Finance.
- Providing support to the Group Head of Tax and the Tax team with ongoing direct tax issues as they arise.
- Collaborating with the Tax team to provide support during absences and periods of increased demand.
Key Accountabilities:
- Ability to engage with multiple stakeholders across the bank effectively.
- Capacity to perform under pressure and meet tight deadlines.
- Interfacing with external consultants as needed.
- Timely interactions with the UAE Federal Tax Authority.
- Demonstrating perseverance to ensure task completion.
- Exhibiting strong interpersonal skills.
Specific Accountabilities:
- Monitoring compliance with FAB’s Direct Tax policy regarding UAE taxation.
- Identifying and documenting any tax discrepancies and contributing to the risk register.
- Assisting in the development, updating, and enhancement of tax policies across all business lines as applicable.
- Ensuring compliance with UAE regulations.
- Maintaining tax documentation to support reporting positions.
- Assisting in resolving any inquiries or audits conducted by tax authorities.
- Working to close current and historical General Internal Audit points related to taxation.
- Participating in new product discussions and approval sign-offs as needed.
- Staying informed on relevant tax technical regulations.
- Supporting Finance and Business teams with tax analyses and inquiries.
- Ensuring documentation is organized and stored for future challenges from tax authorities.
- Logging ongoing tax queries and issues for the Group Head of Tax to manage.
- Assisting with ad-hoc projects as required.
