Job description / Role
MAIN PURPOSE OF JOB:
The Finance & Tax Accountant will be primarily responsible for the delivery of tax reporting and compliance requirements in the assigned region. When required, the Finance & Tax Accountant will also provide support with general finance and accountancy functions.
Reporting into the Regional Compliance & Statutory Manager, the primary objective of the Finance & Tax Accountant is to assist with the local tax accounting and tax compliance requirements for Rapid Access.
Key duties will include preparing tax calculations, payments and returns for the assigned region as well as maintaining and reporting accurate accounting records for audit purposes.
The role holder will have in-depth technical tax knowledge and will be able to demonstrate a proven ability to identify and manage tax risks. They will also have an in-depth understanding of financial accounting principles - especially the management of receivables and payables.
Prepare, record and submit tax entries in the assigned region to the Senior Tax accountant and the Regional Compliance and Statutory Manager
Prepare tax payments, estimates and track tax returns. Prepare corresponding accounting entries
Review and analyse financial statements for necessary tax adjustments and prepare quarterly tax reports
Prepare appropriate documentation to support uncertain tax positions and tax provisions
Perform year-end accrual review and prepare the tax provision
Liaise with auditors (internal and external) and VAT consultants
Ensure the organisation is up to date all local tax legislation. Identify and ensure any non-compliance is reported and properly addressed
Tax Forecasting and Reporting:
Prepare and review other various annual and quarterly tax reports
Forecast tax predictions to senior managers
Assist with regular reporting of tax provisions
Compile data and perform inquiries relative to the tax provision and tax return processes
Tax Compliance and Audit Management:
Assist with both external and internal tax audits, including collating and preparing the necessary documentation. Prepare and review responses, and where applicable liaise with external advisors and the tax authority
Help with improvements regarding the tax accounting and compliance process
Accumulate, analyse, and process financial accounting data to prepare tax returns, estimated tax payments, forecasts and financial accounting estimates of tax
Ensure adherence to compliance-related deadlines such as extensions, tax estimate requirements, tax return filings and other tax related services
Process and Administrative Tasks:
Ensure proper archiving of tax related documents as per the relevant statute of limitations
Support with ad hoc questions that arise and dealing with tax authority enquiries
Maintain and update the tax database with information such as supplier and customer details
Assist with other general accounting such as the processing and recording and processing of accounts payable transactions, invoices and staff expenses;
When necessary, assist in the preparation of financial reports such as financial statements, budget performance, and interim grant financial reporting as well as accounts analysis and reconciliations
The chosen candidate will meet ALL the essential criteria below:
Accountancy or finance related qualification
Experience and knowledge in accounting concepts and tax regulations, laws and standards
Extensive exposure and strong understanding of the implications of VAT from an accounting, compliance and reporting aspect
Experience of using ERP systems
Strong MS Office skills including Excel, Outlook, Word & Power point
Ability to communicate tax concepts in ways that are meaningful and useful to non-tax professionals
Fluent written and verbal English and Arabic language skills
Industry tax certifications e.g. Certified Management Accountant (CMA), Certified Public Accountant (CPA), Association of Chartered Accountants (ACA) and Chartered Tax Adviser (CTA)
Extensive exposure to Indirect Tax such as VAT, GST sales or service tax from an accounting, compliance and reporting aspect
Powered access, heavy machinery, construction or related industry experience
About the Company
Established in 1996, Rapid is the Middle East leader in powered access equipment rental & sale, and part of Europe’s largest powered access rental company, Lavendon Group plc.
At Rapid, we offer wide range of MEWP’s (Mobile Elevating Work Platforms), which offer a number of features making them particularly suitable for different types of applications.
- Steel Erection and construction
- Lighting and electromechanical maintenance
- Industrial and building maintenance
- Signage and Events
- Outside Broadcasting
- Telecommunications maintenance
- Facilities Management
- Airport, Ship and Highway Maintenance
As members of the team committed to providing strength on the ground and performance in the air we work with a simple business philosophy ’’Your success is ours’’.