Job description
Role Overview
Specialist, Taxation (Emiratized) at First Abu Dhabi Bank (FAB), Abu Dhabi.
Company Overview
First Abu Dhabi Bank (FAB) is the largest bank in the UAE and one of the world's largest and safest financial institutions. FAB offers a comprehensive range of personal and private banking services, including credit cards, Islamic banking, investments, loans, and mortgages. The organization is committed to excellence and innovation in providing top-tier financial solutions to clients globally.
Role Purpose
The role exists to ensure accurate and timely VAT data collection, consolidation, and preparation of FAB Group VAT returns; to support monthly transactional review and reconciliation for all offshore (AOV) submissions; to work with business stakeholders to identify and implement tax system enhancements; to verify tax payments have been appropriately made and reconciled; and to assist the tax team in collecting indirect tax data from international branches and subsidiaries while supporting all IT-related tax projects and ad hoc tax administration requirements.
Key Responsibilities
Indirect Tax Compliance
- Ensure monthly VAT data collection, review, and consolidation for FAB Group VAT return preparation.
- Collect supporting documentation and any responses required for VAT submissions.
- Prepare VAT / GST return filing documents in accordance with Group Tax Policies, procedures manuals, and standard operating procedures.
- Ensure timely AOV (all offshore) submissions by performing transactional review and account reconciliation.
- Keep up to date with relevant tax technical developments.
Tax Payments & Reconciliation
- Ensure tax payments have been appropriately made to the tax authority.
- Reconcile journal entries in accordance with internal group policies and procedures.
Systems & Process Enhancement
- Support the tax team by working closely with business stakeholders to identify and implement tax-related system enhancements.
- Support the Group Tax team in representation on all Finance and IT systems projects concerning VAT / GST data requirements.
- Identify VAT / GST requirements in systems that need automation and highlight to the Tax manager.
- Assist the tax team coordinator in all IT-related projects, reconciliations, and project UATs.
International Indirect Tax Compliance
- Assist in collecting indirect tax data from international branches and subsidiaries.
- Collect and follow up on indirect tax compliance submissions from international sites.
- Identify potential revelations from international indirect tax data.
Audit & Administration Support
- Support Tax manager in arranging audit data to close out audit points raised and ensure minimization of new audit points.
- Support Tax manager in VAT / GST internal projects as required.
- Assist with other tax administration matters and ad hoc requirements.
- Deal with external consultants and Tax authority as required on a timely basis.
Qualifications & Experience
Education
- Relevant academic qualifications with preference for Accounting or Tax.
- First or Second-degree qualification.
- Professional Tax qualification.
Experience
- Minimum 3+ years of experience in banking industry.
- Minimum 2+ years' experience in Indirect Tax (VAT / GST) compliance.
- Experience of indirect tax processes and good understanding of different technologies applied in a tax environment.
- Good knowledge of IT systems and use of tax accounting systems.
Skills & Competencies
- Strong communication and interpersonal skills.
- Ability to interact with multiple stakeholders across the bank.
- Attention to detail.
- Quick learner and self-motivated.
- Able to record issues and propose solutions.
- Ability to handle pressure and tight timeframes.
- Self-starter with good drive and initiative.
Additional Information
FAB offers career development through unique career choices, learning and development initiatives, training, and skill development programs for all employees. FAB has structured plans for the recruitment and career progression of Emirati talent to enable them to make a mark in the financial and banking sector both regionally and globally. The organization operates on a performance-based culture with a commitment to customer focus and employee empowerment.