Taxation Manager المحترفين

Job description / Role

Employment: Full Time

Operating in the UAE for over 50 years, CBD manages the financial requirements of some of the largest corporates and businesses operating in the country, driving the UAE economy. Over the years, CBD has transformed into a progressive and modern banking institution winning multiple awards for its digital initiatives, credit cards, bank accounts, mobile app features and services.

CBD has been recognized as the number one bank in the UAE on the Forbes list of The World's Best Banks 2022.

As we continue to build upon our successes, we are looking for ambitious individuals who are passionate about the banking and finance industry and the markets in which CBD operates. Just as important to us is your ability to demonstrate a talent for dealing with people - your colleagues and our customers - and delivering service that really goes the extra mile.


Responsibilities include but are not limited to:

Tax and VAT Compliance

Responsible for managing the entire direct and indirect tax reporting including VAT, transfer pricing, ESR, CbCR reporting processes within the Group (including subsidiaries), and assure effective reporting and compliance with all regulations and legislations.
Modified business practices and enhancing record keeping practices.
Manage preparation and filing of tax and other returns including ESR, CbCR, Zakat returns ensuring complete, accurate and timely reporting with the necessary authorities.
Ensuring CBD's tax reporting is in accordance with the necessary authorities' regulations/ legislations and provide expert support as required.
Ownership of Tax Policies & Procedures
Take overall ownership for ensuring that Group policies and practices are tax compliant.
Contribute towards the development & implementation of Tax principles, policies, processes, Tax accounting to ensure completion and compilation of Tax mechanism across the business.
Involve in drafting and assessing Tax policies and procedures as needed to improve controls.
Tax Governance Framework


Governance and Transformation

Formulate and execute the Group tax strategy and manage the tax operating model including substantiation and attestation of tax related balances and general ledger set up.
Work with business to identify Tax savings opportunities.
Prepare report on the Tax activities with particular reference to the benefits generated.
Requires practical knowledge in leading and managing the execution of tax related processes and projects.
Continuously drive improvements and efficiencies in the tax reporting and controls functions.
Support the Finance Transformation initiatives
Leadership and People Management
Liaise with the department, business units, technology team on an ongoing basis for tax projects and ongoing responsibilities.
Typically has advanced knowledge and skills within a specific technical or professional discipline with understanding of the impact of work on other areas of the organization.
 

Requirements

Chartered Accountant or Bachelor/ Master Degree in Accounting, Finance, Tax or related field of study from an accredited college/ University.
6+ years' experience in tax including VAT functions preferably trained in a big 4 firm with subsequent in-house experience
Experience working in international financial services organization managing direct and indirect tax compliance, policies, procedures, control, reconciliation, substantiation and attestation practices preferred
Knowledge of finance, commercial and accounting concepts, processes and procedures.
Good command of English with additional language skills
Superior report writing and presentation skills
Strong stakeholder management and influencing skills
Strong technical knowledge of direct and indirect tax and transfer pricing
Experienced in leading regulatory and internal audits.
Highly computer literate.
Comprehensive knowledge of commercial business drivers.

About the Company

In 1969, when we at Commercial Bank of Dubai started out little did we know that sheer grit and determination would get us where we are today. An Emiri Decree issued by His Highness the Late Sheikh Rashid Bin Saeed Al Maktoum, the founder of modern Dubai, laid the cornerstone of Commercial Bank of Dubai. We started out as a joint venture of Commerzbank, Chase Manhattan Bank and Commercial Bank of Kuwait. A minority stake was held by a few UAE businessmen.

By 1982, little more than a decade later, we evolved into a National Public Shareholding company. A feat complimented by an exponential increase in the capital base and mammoth restructuring of our operations. The feather in the cap came when the Government of Dubai became a key shareholder.

Over the decades, we have transformed ourselves into a progressive and modern banking institution. We are supported by a sturdy financial base and reigned by a strong and stable management. The proof of which lies with our customers who have stood by us over the years.