Tax Manager - Group Tax - Dubai
Job description / Role
Employment: Full Time
About the company
Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world's most admired and innovative brands.Al-Futtaim Group's entrepreneurship and relentless customer focus enables the organisation to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.
By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day.
Overview of the role
We are currently seeking an experienced tax professional to join our Group Tax team in the capacity of Tax Manager.
Responsible for ensuring that the taxes of the Group are properly accounted for in accordance with International Financial Reporting Standards (IFRS) and assisting in other Group Tax activities including tax provision reviews, tax accounting advisory and other relevant workstreams.
The successful candidate will work closely with businesses, service providers, and other tax professionals in carrying out the responsibilities.
What you will do
Pillar II- Manage the tax accounting implications of Pillar 2, including Domestic Minimum Top-up Tax (DMTT), ensuring compliance with relevant accounting standards and regulations.
- Assess the impact of DMTT and Pillar 2 on tax liabilities, deferred tax assets/liabilities, and effective tax rate considerations, ensuring accurate reporting and alignment with IFRS.
- Manage tax compliance to ensure compliance with local tax laws.
- Successful adoption of the Al-Futtaim Group's Tax Operating Model across all geographies.
- Lead the preparation of the Al-Futtaim Group's tax accounting position memos, especially on complex transactions, restructurings, and M&As, whilst taking into consideration both current and deferred tax implications arising therefrom.
- Provide tax accounting advice on a wide range of transactions and events, vis-à-vis the relevant accounting standards (i.e., IAS 12).
- Assist the Al-Futtaim Group Tax in determining the potential tax accounting implications of new accounting standards (i.e., IFRS) prior to their effectivity/adoption, and help the Al-Futtaim Group in identifying the tax accounting-related considerations which are relevant/necessary when preparing a proposed roadmap for the adoption of such new accounting standards.
- Continuous monitoring of any tax and accounting developments globally that could have an impact on tax accounting positions taken by the Al-Futtaim Group.
- Provide technical assistance in relation to the review of the Group's tax provisions (both current and deferred taxes).
- Assist in the review of tax-related disclosures required in the standalone and/or consolidated financial statements.
- Provide support with tax accounting-related system issues in close coordination with GTDP and assist in tax accounting automation initiatives.
- Accounting degree and qualification, such as ACCA or CPA.
- Tax compliance and/or tax advisory experience involving multiple jurisdictions.
- Fluent in English (written and verbal).
- Tax accounting, tax compliance and tax advisory expertise.
- Project management skills.
- Ability to work on various ongoing projects with good organizational and time management skills.
- Effective presentation skills.
- 8 to 10 years of tax accounting experience and exposure to IFRS.
- 5+ years of tax compliance and/or tax advisory experience.
- Preferably with Big 4 accounting firm experience.
- Industry experience is a plus.
We're here to provide excellent service but a little help from you can ensure a five-star candidate experience from start to finish.
Before you click "apply": please read the job description carefully to ensure you can confidently demonstrate why this opportunity is right for you and take the time to put together a well-crafted and personalised CV to further boost your visibility.Our global Talent Acquisition team members are all assigned to specific businesses to ensure that we make the best matches between talent and opportunities. We not only consider the requisite compatibility of skills and behaviours, but also how candidates align with our values of respect, integrity, collaboration, and excellence.
As part of our candidate experience promise, we also want to make ourselves available to you throughout the application process. We make every effort to review and respond to every application.
About the Company
Established in the 1930's, the Al-Futtaim Group initially operated as a trading enterprise. Rapid development throughout the 1940's and 50's saw it establish itself regionally as an integrated commercial, industrial and services organisation, positioning itself one of the leading business houses in the lower Gulf region.Today, it operates collectively over 40 companies bearing the Al-Futtaim name, dominates many market segments in the UAE, and has expanded its sphere of operation to include Bahrain, Kuwait, Qatar, Oman and Egypt.
The Group comprises a diverse range of strategically positioned operating subsidiaries and associate companies, structured to give the Al-Futtaim Group the flexibility and versatility to keep ahead of local competition while keeping pace with the ever-evolving global business scenario.The Groups continued investment in world-class systems technology is clear evidence of its commitment to maintain leading edge performance and service delivery.
The success of the Al-Futtaim Group can be attributed to a business approach that combines the ability to change with the traditional values of integrity, service and social responsibility that define its core business philosophy. This, linked with the Groups belief in decentralisation, gives the heads of the operating companies a high degree of functional autonomy and authority, providing the Group with essential flexibility, and individual employees a clearly defined work culture and sense of responsibility.
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