Job PurposeThe purpose of the job is to:
- Ensuring monthly VAT data collection, review, consolidation, preparation of FAB Group VAT returns, including collecting supporting and any documentation/responses as may be required.
- Monthly transactional review and reconciliation for AOV submissions.
- Support the tax team by working closely with supporting stakeholders of the business in identifying and implementing tax related system enhancements.
- Ensuring tax payments have been appropriately made to the tax authority, journal entries and reconciled in accordance with internal group policies and procedures
- Assist in collecting and observing Indirect tax data of international branches and subsidiary in order to identify potential revelations.
- Assist the tax team coordinator in all the IT related projects, reconciliations and project UAT’s.
- Assist with other tax admin matters and ad hoc requirements.
Key Accountabilities
- * A self-starter and motivated individual
- Shows good drive and initiative with strong interpersonal skills
- Ability to work under pressure and within tight deadlines
- Ability to interact with multiple stakeholders across the bank
- Deals with external consultants wherever required
Deals with Tax authority as required on a timely basis
Job Context
Specific Accountability
- Prepare VAT / GST return filing documents as required under Group Tax Policies i.e. procedures manuals, SOPs etc.
- Support the Group Tax team in the representation on all Finance / IT systems projects concerning VAT / GST data requirements.
- Identify VAT / GST requirements in systems that need to automate and highlight to the Tax manager.
- Collect and follow up Indirect tax compliance submissions from international sites.
- Support Tax manager in arranging audit data to close out audit points raised and ensure minimization of new audit points.
- Keep up to date with relevant Tax technical developments.
- Ensure timely AOV submissions by performing transactional review and account reconciliation.
- Support Tax manager in VAT / GST internal projects as and when required.
Frameworks, Boundaries, & Decision-making Authority
- * Delegation of Authority for Taxation as required
- Key support for tax information for Group Finance
- Group Tax Policy adherence
- Group Governance Policy for Taxation
- Delegated authority on administration for Corporate Tax as well as Tax Transfer Pricing matters internally
Qualifications & ExperienceMinimum Qualification
- Relevant academic qualifications (Accounting/Tax preferred)
- First or Second-degree qualification
- Professional Tax qualification.
Minimum Experience
- * 3+ years of experience in banking industry and 2+ years’ experience in Indirect Tax (VAT/GST) compliance.
- Experience of indirect tax processes and a good understanding of different technologies applied in a tax environment.
- Good knowledge of IT systems and use of tax accounting system.
- Strong communication and interpersonal skills.
- Attention to detail.
- Quick learner and self-motivated.
- Able to record issues and propose solutions.
- Ability to handle pressure and tight timeframes.
