Financial Compliance Tax Manager

4 weeks ago

Al Khobar, Saudi Arabia Talent Pal Full time
Aramco one of the worldsleading integrated energy and chemicals companies and internationalcontract logistics provider DHL Supply Chain have announced thesigning of a shareholders agreement for a to establish a NewCompany for Procurement and Logistics Hub in Saudi Arabia toenhance supply chain efficiency and sustainability. It would be theregions first such hub catering to customers in the industrialenergy chemical and petrochemical sectors. The joint venture aimsto be operational in 2025 and provide reliable endtoend integratedprocurement and supply chain services for companies across theindustrial energy chemical and petrochemical sectors. Our focuscustomers in the short term will be Saudi Aramco and its ownAffiliates. And in the long term would be all the industrialsectors within Saudi Arabia and the ultimate goal is to reach theMENA region in future.
Currently we are seeking a dynamic person totake on the role of Financial Compliance/Tax Manager to be hiredfor this JV based in Al Khobar.
RolePurpose:
  • The role holder is responsible for maintaining compliance of thenew companys financial affairs with both internal and externalstakeholders and managing taxrelated affairs by providingrecommendations acting on mandates and implementing appropriateinternal policies and procedures. The role holder is alsoresponsible ensuring the adherence to the new companys taxstrategies and directing Zakat related affairs and overallfinancial integrity.
Key Responsibilities:
  • Contribute to the development andexecution of the Department short to midterm strategic plan toensure alignment with the Departments strategic priorities and thecorporate goals.
  • Contribute to thedevelopment of annual business plans for the assigned areas ofresponsibility to support the achievement of financial andstrategic objectives.
  • Monitor control andreport key performance indicators related to the Department totrack performance and recommend corrective actions.
  • Implement and execute Internal Compliance Systemprocedures by Financial Compliance / Tax department through aregulatory lens.
  • Oversee establishment andmaintenance of effective internal controls to prevent financialirregularities and fraud.
  • Collaborate withTechnology function to provide training and guidance to finance andprocurement teams to ensure awareness and adherence to financialcompliance requirements.
  • Conductselfassessment of executed internal controls.
  • Provide remediation to failed controls.
  • Report to management and shareholders governance bodies the resultsof selfassessments.
  • Ensure compliance toregulatory requirements to all statutory bodies with regards toregulatory reporting and tax matters.
  • Ensureaccurate identification of new / modified tax notices / circularsand handles queries related to taxation matters.
  • Identify and assess financial and taxrelated riskswithin procurement and logistics operations implementing strategiesto mitigate these risks. Ensure compliance to tax related mattersregarding joint ventures that operate within KSA.
  • Oversee and manage VAT Tax and Zakat reporting includingTransfer Pricing requirements.
  • Manage VAT/TaxConsultancy Contracts.
  • Oversee the design ofprepares and implements best practice controls and policies andreviews processes for Tax/Zakat accounting and reporting systemsunder KSA Zakat Law.
  • Conduct financial duediligence on vendors suppliers and partners to assess theirfinancial stability and compliance with tax regulations.
  • Manage the activities of direct reports to ensure thatall work is carried out in an efficient manner in line with theannual business plans policies and procedures.
  • Manage the performance management process by settingannual objectives and developing staff through mentoring coachingand constructive feedback.
  • Identify employeestraining and developmental needs and in conjunction with HumanResources Department bridge the knowledge gaps to ensure continuousprogression and highlevel of competence within the team.
  • Contribute in defining an optimum structure for theDepartment to ensure smooth workflow of operational processes andoptimal utilization of resources.
  • Provideinput into the preparation and consolidation of the Departmentsbudget monitor financial performance during the year and identifyareas of unsatisfactory performance (if any) and recommendmitigating actions.
  • Identify and manageimplementation of change initiatives on systems processes andpractices considering international leading practices and/or otherchanges in the business environment.
  • Recommend improvements to departmental procedures and ensureimplementation of policies procedures systems and controls coveringthe assigned areas of responsibility so that all activities meetthe new companys standards compliance and regulatory requirementsalign to business requirements and increase operationalefficiency.
  • Identify opportunities for thecontinuous improvement of systems processes and practicesconsidering international leading practices in order to increaseoperational effectiveness.
  • Ensure that allrelative reports are prepared timely and accurately and meet theDepartments requirements policies and standards.
Knowledge &Experience:
  • Bachelors degree in finance Accounting Economics orequivalent from a recognized and accredited university isrequired.
  • Masters degree in financeAccounting Economics or equivalent from a recognized and accrediteduniversity is preferred.
  • CFA / CISI / ACCApreferred.
  • Demonstrated proficiency in oraland written English.
  • 710 years in a similarrole out of which 4 years at a Supervisor / MidManagementlevel.
  • At least 4 years experience inhandling Finance with a focus on taxation preferably in theprocurement and logistics sectors
Competencies:
  • Proficiency incompliance and risk management systems and processes.
  • Strong knowledge in risk identification andassessment.
  • Proficiency in problemsolving.
  • Strong and clear communicationskills.
  • Proficiency in accounting.
  • High knowledge of company laws regulatory requirementsand Tax/Zakat requirements.
  • Strategicfocus.

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