Tax Associate Manager - Majid Al Futtaim

About the job

Majid Al Futtaim invites you to join us in our quest to create great moments for everyone, everyday! We are the leading shopping mall, residential communities, retail and leisure pioneer across the Middle East, Africa and Asia, serving over 560 million visitors a year. For the past two decades, we have shaped the consumer landscape across the region, transforming the way people shop, live and play, while maintaining a strong sustainability track record and the largest mall in the world to attain LEED Gold EBOM Certification. We have over 40,000 team members in 15 international markets representing over 100 nationalities – all keeping the customer at the heart of everything we do. If you enjoy being BOLD, PASSIONATE and TOGETHER, then Majid Al Futtaim is the destination for you.

Job Purpose

The job holder should be a tax and accounting expert who will be primarily responsible for the accurate and timely preparation and filing of tax returns. In addition to monitoring current and impending changes to the tax regulations, developing tax strategies and policies that help the business maintain compliance with local tax laws and regulations, perform estimations, analysis, planning, and research and oversee audits. Will be acting as a tax advisor/expert and the main focal point for operations and business in the countries under scope.

Job Details – Key Responsibilities And Accountabilities

The Below responsibilities will cover Egypt and Kenya (till liquidated)

• Ensure compliance with the tax laws.
• Will be responsible for the preparation and successful completion of tax audits.
• Will be required to prepare/review and timely file the below tax returns or provide the necessary documents to the tax advisors to prepare the tax returns based on the laws and regulations:
• Income Tax yearly
• Withholding tax - quarterly
• VAT - monthly
• Social Security - monthly
• Salary tax - monthly
• Stamp duty – monthly (if required)
• Entertainment tax – advance payment
• Any other taxes (capital gain, real estate….)
• Will be required to prepare the tax reconciliations for the returns submitted and maintain the files for each of the returns submitted for audit and reference purposes.
• Will ensure that accounting records, trial balance are matching with the government statutory records such as tax refunds and will ensure all tax accruals in the books are reconciled and paid.
• Ensure withholding tax liabilities are optimized by taking advantage of the existing double tax treaties with foreign countries and across all jurisdictions.
• Will be responsible for Tax audit readiness by ensuring all supporting documents and all tax filings for the previous years are kept and maintained as per the statutory period limitation and are readily available in the event of a tax audit
• Monitor and review when necessary documentation at operational level to ensure tax compliance. This will include contract reviews / amendments, invoice documents, supporting and recharges from intercompany etc.
• Analyze company expenses from tax perspective.
• Maintain company legal documents and contracts.
• Maintain and follow up on company operation licenses and provide all documents needed to issue/renew company licenses
• Report directly to Tax & Government Relations Manager

Measure Of Success – Illustrative KPIs

• Successfully deliver all the above tasks

Personal Characteristics And Required Background

• The ideal candidate is a team player, works closely with finance shared service and operation teams to ensure compliance with tax laws and regulations
• Extensive knowledge in all types of taxes (corporate income tax, vat, withholding….)
• Strong accounting, analytical, and research skills.
• Strong knowledge of Microsoft Dynamics AX accounting system
• 5+ years of experience in tax and accounting.
• Excellent written and oral communication skills (Both Arabic and English).
• Bachelor's degree in accounting or finance.