Tax Manager | Group Tax | Corporate Services

Job Summary

Responsible for ensuring that the taxes of the Group are properly accounted for in accordance with International Financial Reporting Standards (IFRS) and assisting in other Group Tax activities including tax provision reviews, tax accounting advisory and other relevant workstreams. The successful candidate will work closely with businesses, service providers, and other tax professionals in carrying out the responsibilities.

What you will do

Pillar II

• Manage the tax accounting implications of Pillar 2, including Domestic Minimum Top-up Tax (DMTT), ensuring compliance with relevant accounting standards and regulations.
• Assess the impact of DMTT and Pillar 2 on tax liabilities, deferred tax assets/liabilities, and effective tax rate considerations, ensuring accurate reporting and alignment with IFRS.

Corporate Tax Compliance

• Manage Tax Compliance to ensure compliance with local Tax laws
• Successful adoption of the Al Futtaim Group’s Tax Operating Model across all Geographies

Tax Accounting Advisory

• Lead the preparation of the Al-Futtaim Group’s tax accounting position memos, especially on complex transactions, restructurings, and M&As, whilst taking into consideration both current and deferred tax implications arising therefrom.
• Provide tax accounting advice on a wide range of transactions and events, vis-à-vis the relevant accounting standards (i.e., IAS 12).

Tax accounting readiness vis-à-vis the adoption and/or introduction of new accounting standards

• Assist the Al-Futtaim Group Tax in determining the potential tax accounting implications of new accounting standards (i.e., IFRS) prior to their effectivity/adoption, and help the Al-Futtaim Group in identifying the tax accounting-related considerations which are relevant/necessary when preparing a proposed roadmap for the adoption of such new accounting standards.

Legislative developments

• Continuous monitoring of any tax and accounting developments globally could have an impact on tax accounting positions taken by the Al-Futtaim Group
• Provide technical assistance in relation to the review of the Group’s tax provisions (both current and deferred taxes).
• Assist in the review of tax-related disclosures required in the standalone and/or consolidated financial statements.

Automation

• Provide support with Tax Accounting-related system issues in close coordination with GTDP and assist in Tax Accounting automation initiatives.

Required skills to be successful

• Accounting degree and qualification, such as ACCA or CPA
• Tax compliance and/or tax advisory experience involving multiple jurisdictions
• Fluent in English (written and verbal)
• Tax Accounting, Tax Compliance and Tax Advisory
• Project management skills
• Ability to work on various on-going projects with good organizational and time management skills
• Effective presentation skills

What equips you for the role

• 8 to 10 years of Tax Accounting experience and exposure to IFRS
• 5+ years of Tax compliance and/or Tax advisory experience
• Preferably with Big 4 Accounting Firm experience
• Industry experience is a plus