Tax Accountant

SUMMARY OF FUNCTIONS:

The Tax Accountant plays a key role in the efficient processing of day-to-day tax-related tasks, including reviewing vendor and customer invoices for tax compliance and support in maintaining accurate records for FTA compliance. This position supports tax return filings, monthly and year-end reconciliation processes, and ensures compliance with tax regulations. The Junior Tax Accountant will also assist in identifying areas for improvement and provide guidance on basic taxation procedures.

ESSENTIAL DUTIES & RESPONSIBILITIES: 

• Review and record vendor tax invoices, student invoices, ensuring adherence to tax regulations, university policies and procedures.
• Process accurate recording of all tax-related transactions, updating systems as needed to maintain full compliance to tax regulations.
• Prepare calculations, documentation, and filing of tax returns.
• Maintain well-organized and accurate records of all tax-related transactions and coordinate with AP & Tax accountant, to provide necessary documentation and reports to tax auditors, and consultants.
• Coordinate with tax consultants and external auditors in order to provide information related to AP, Taxation, inventory, and fixed assets related matters.
• Monitor daily bank transactions and investigate and resolve discrepancies between bank statements and accounting records on time.
• Prepare the monthly bank reconciliation process to ensure the accuracy and completeness of financial records.
• Generate reports on reconciliation activities, cash flows, and suggest areas for improvement.
• Participate in quarterly and year-end closing activities, including reconciling tax, bank, asset,s and clearing account related balances.
• Assist in implementing controls and procedures to enhance the efficiency of tax and reconciliation processes.
• Contribute to process improvements, and assist in the policy development, and digitalization initiatives.
• Provide support and training to office and college staff on taxation policies, procedures, and other compliance requirements.

QUALIFICATIONS & EXPERIENCE:

• Bachelor’s degree in Accounting\ Finance, or related field, with at least 2 years of experience directly related to the Taxation and reconciliation duties and responsibilities specified.
• A UAE VAT Diploma is highly preferable.

KNOWLEDGE & SKILLS:

• Knowledge of FTA regulations, policies and procedures.
• Knowledge of IFRS (International Financial Reporting Standards).
• Familiarity with financial policies and procedures in a university or similar environment.
• Good communication skills, both oral and written.
• Account balancing and reconciling skills & ability to set up and maintain financial accounts and ledgers.
• Ability to analyze and interpret financial data and prepare financial reports, statements, and/or projections.
• Knowledge of Finance, accounting, budgeting, auditing, and cost control procedures.
• Knowledge of computerized information systems such as Microsoft Dynamics AX/365, online banking portal,s and shared drives for documentation.
• Working knowledge of MS Excel spreadsheet software to quantify and illustrate routine financial reports, statements, and/or projections.

WORKING CONDITIONS:

• Work is normally performed in a typical interior/office work environment.
• No or very limited physical effort is required.
• No or very limited exposure to physical risk.

SUPERVISION:

Report to: Finance Manager

Subordinates: N/A