CKSA_ Tax Accounting Specialist Direct Ops_ Riyadh

Brief overview of the role and its importance.

Key benefits of recruiting this role.

• Responsible for all tax and government requirements for the 3 direct operations; will be under supervision of the regional tax specialist as well as liaising with local finance lead
• Optimized by centralizing/consolidating into 1 role for the 3 direct ops

• Critical to maintain full compliancy in the increased complex tax environment in Middle East region.

Over the last 12-18 months, Saudi Arabia has significantly intensified compliance enforcement across commercial, labor, tax, and immigration areas. Many companies operating in KSA report more frequent inspections, site visits, and investigations than in previous years.

MAIN OBJECTIVE OF THE ROLE

• Comprehensive tax compliance (CIT, VAT, WHT)
• Ensure timely filing of all declarations to the authorities.
• Liaise with stakeholders in the organization (Business, Finance, IT,

central tax in HQ).

• Provide advice to the Middle East and African business, parents

entity, subsidiaries, and representative offices

• Filing, review (in case of 3rd party) Recalculations and confirmation

of tax returns of all jurisdictions under CME

• Main point of contact for tax audit, and taxation requirements (tax

figures and disclosures) in financial audit

• Implementation of new tax rules and regulations.
• Manage relations internally and externally.

Responsibilities

KEY RESPONSIBILITIES

• Monthly Tax reviews of parent and subsidiaries tax registers and

reconciliations

• Monthly report to GFM and FD on tax health of parent and

subsidiaries including all tax submissions and declarations.

• Quarter internal audit and compliance checks of all tax ledgers of

parent and subsidiaries and gap analysis

• Regular updates on tax rules and regulations for all applicable

jurisdictions

• Manage tax audits (internal & external).
• Provide training to the business.
• Provide support to IT for Tax related setups (CIT, WHT, VAT, all other

applicable taxes).

Required Skills and Qualifications

• A proven track record of minimum 5 years' experience in tax

(advisory or multinational).

• Lead successful tax implementation in entities and organizations

(CIT/VAT implementation)

• Accounting knowledge (P/L, BS, CFF, Disclosures)
• Experience with Tax portals, tax systems, ERP system. Orion and/or

OneSource is a benefit.

• Finance or tax education at university level.

• AP

• In charge of A/P ensuring process accuracy, on time suppliers payments, accruals, prepaid, SGA and B/S accuracy.
• Maintain supplier statement of accounts and get formal balance confirmation from all suppliers

• Cash Management (Collections, Receipts and Petty Cash)

• Responsible for 100% cash / collections accuracy.
• Ensure that all petty cash transactions properly supported, with right approvals and in line with policies and procedures

• Accurate Bank Reconciliations

• 0 unjustified deltas in monthly bank reconciliations
• Reconciled monthly basis, 100% accuracy

• Accounting Accuracy / Month Close

• Properly handle all guarantees and leases + maintain proper records
• Proper month close + B/S recs for all accounts under direct responsibility, 100% accuracy

• Banks & Insurance

• Ensure to maintain adequate and valid insurance cover over the year
• Support the business with the timely issuance of new guarantees and bonds
• Effectively handle relationship with banks + insurance

Qualifications

Group consolidation processes and systems

• IFRS, US GAAP & SOX knowledge.
• SOCPA knowledge
• Experience working in a Oracle system infrastructure,
• Advanced Excel
• Experience in multinational companies or Big4 is

mandatory

• Qualified ACA/ACCA,