Finance Analyst Full Time

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’s 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 – 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.

• 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.