Transguard Group was established in 2001 and has diversified significantly, we lead in the fields of Cash Services, Security Services, Manpower Services, Facilities Management & Aviation. Transguard Group is the UAE\xe2\x80\x99s most trusted business support and outsourcing provider and has a large, dynamic and culturally diverse workforce with 50,000 employees! We are currently recruiting for a Finance Analyst - VAT for our trusted client to be based out of their office in Dubai.

Purpose-

UAE Value Added Tax and Economic Substance Regulation Compliance VAT and Economic Substance Regulation Compliance

Responsibilities-

• Review of VAT return every quarter/month with the regulatory authorities. finalisation and filing of VAT returns.
• Track and monitor the correctness of VAT liability being captured in the system for all AP and AR invoices.
• Filing Voluntary Disclosures and Re-consideration requests with FTA and Objections before TDRC.
• Managing VAT compliance and obtaining VAT registration.

Communication of VAT positions from AR and AP perspective with the Business team. * Keep apprised of the VAT Public clarifications from FTA and execute changes in system/Filed returns.

• Obtaining VAT clarifications with FTA.
• Address to the VAT queries of Business and Finance departments.
• ERP / System Development \xe2\x80\x93 Providing feedback to the IT team for VAT related system developments.
• Coordinating with Lawyers on filing of statement of claim with the Court.
• Coordination with Group Finance on VAT related work/issues.
• Coordinating with VAT consultants for seeking Tax opinions.
• Coordinating with Internal and External Auditors for concluding Tax Audits.
• Managing Economic Substance Regulation Compliance.
• Coordinating with Internal concerned parties and Consultants for submitting the ESR reports within the set timeframe.
• Perform/controls accounting and tax due diligence exercise with respect to potential mergers and acquisitions and /or proposed restructuring scenarios.
• Knowledge about other Financial & Accounting Control tasks.
• Review monthly accounts upon closure as per agreed timelines; ensure that all month end cost accrual, expense amortisation and revenue recognition journal entries are passed timely and accurately.
• Review of periodic and year end GL schedules for balance sheet items and reviews movement in P&L accounts.
• Responsible for producing accurate and timely financial information as required by the management, Group, banks/financial institutions and governing bodies.
• Responsible for finalization of annual accounts, as per local standards (where applicable) and international standards like IFRS in line with external reporting timelines.
• Supervises the day to day functioning of the account payable section to ensure timely and accurate booking and payment to vendors.
• Checks all invoice payment before sending them to authorized signatory to ensure no double payment.
• Ensure for a timely & accurate preparation of bank reconciliation for all banks & make sure that all pending items are cleared on a timely basis.
• Reviews all the reconciliations and schedules and identifies corrective actions.
• Identify system requirements for all concerned areas of the respective BU for system development.
• Participates in projects that require input and advice from Finance.
• Perform User Acceptance Testing for the system developed.
• Prepares and ensures that all regulatory submissions are submitted on a timely basis.
• Assist the Manager Financial Accounting & Control with ad hoc projects and special assignments.
• Provide backup support for team members during their leaves.
• Other projects like review of agreements, DOA, policies and procedures etc. as and when arises.

Skills

• Educational Qualification: A university graduate in
• Finance/Accounting
• Experience: 2 to 4 years
• System Skills: ERP system exposure, MS Office
• Inter Personal Skills
• Communication Skills
• Presentation Skills

This position profile indicates in general the nature and levels of work, knowledge, skills, abilities, and other essential functions expected of an employee. An employee may be asked to perform other duties as required which are within the scope, spirit, and purpose of the position profile. The employee shall also adhere to TRANSGUARD\xe2\x80\x99S information security policies and procedures and the policies and procedures applicable to their area of responsibility.

Transguard Group