12 Oct
|
Mashreq Bank
|
Bengaluru
12 Oct
Mashreq Bank
Bengaluru
Description
Job Purpose
- Lead VAT compliance, advisory, restructuring, technology and governance and indirect tax projects across Mashreq Group entities and applicable jurisdictions, ensuring full compliance with local tax laws and regulatory requirements.
- Act as a trusted VAT advisor to Business, Finance, Operations, Product, Technology and other stakeholders on new products, process changes, accounting flows and customer charging models.
- Lead and support UAE E-Invoicing implementation, including requirement gathering, solution review, UAT coordination, go-live readiness and post-implementation governance.
- Drive VAT automation, digital transformation and process improvement initiatives to strengthen reporting accuracy, reduce manual dependency and improve tax control effectiveness.
- Oversee review activities relating to monthly VAT compliance, reconciliations, input VAT recovery, tax engine uploads, voluntary disclosures filings to the tax authority and management reporting.
Key Result Areas
VAT Compliance & Governance
- Lead the review and submission of periodic VAT returns, VAT reconciliations, and other indirect tax compliance obligations across multiple jurisdictions.
- Review monthly VAT workings prepared by team members and ensure accuracy, completeness, and compliance with local tax regulations.
- Oversee preparation and review of VAT account reconciliations, tax reporting schedules, and supporting documentation.
- Ensure timely identification, assessment, and remediation of VAT compliance gaps and reporting exceptions.
- Manage voluntary disclosures, tax corrections, and interactions with tax authorities where required.
- Establish and monitor VAT controls, governance frameworks, and compliance procedures across the organization.
VAT Advisory & Business Support
- Provide technical VAT advisory support to business units, finance, operations, treasury, trade finance, digital banking, and product teams.
- Review and approve VAT implications for new products, process changes, and strategic business initiatives through NPPA and governance frameworks.
- Interpret new tax regulations and assess their impact on business operations, recommending appropriate actions.
- Support senior management in tax decision-making through technical opinions, position papers, and impact assessments.
UAE E-Invoicing Program Leadership
- Support the end-to-end UAE E-Invoicing implementation program across Mashreq Group entities.
- Collaborate with business, IT, finance, operations, and external vendors to ensure successful implementation of e-invoicing requirements.
- Define tax requirements, review solution design, review UAT testing results, and validate reporting accuracy.
- Establish governance, controls, and monitoring mechanisms for ongoing e-invoicing compliance.
- Support with stakeholder communication and trainings.
- Act as the primary tax point of contact for regulatory developments related to UAE E-Invoicing and other digital tax initiatives.
Tax Technology & Automation
- Drive automation and digital transformation of VAT reporting, reconciliation, and other compliance processes.
- Identify opportunities to improve process efficiency, reduce manual intervention, and strengthen tax controls through automation.
Audit & Regulatory Management
- Coordinate with internal and external stakeholders to ensure timely and accurate responses to tax authorities.
- Support internal audit, external audit, and regulatory reviews relating to indirect taxes.
- Maintain robust tax documentation, audit trails, and supporting records in compliance with statutory requirements.
Stakeholder Management & Leadership
- Build robust relationships with business, finance, operations, technology, legal, and compliance teams across the organization.
- Provide guidance, mentoring, and technical support to team members to enhance tax capability and knowledge sharing.
Knowledge, Skills and Experience
- Chartered Accountant or equivalent professional qualification with 7+ years of experience in VAT / indirect tax, preferably within banking or financial services.
- Strong working knowledge of UAE VAT law, GCC VAT frameworks, financial services VAT treatment, input tax recovery, exemptions, reverse charge and tax reporting requirements.
- Experience in VAT return review, reconciliations, voluntary disclosures, tax audits, tax engine reporting and multi-jurisdiction compliance management.
- Hands-on experience in tax technology including e-invoicing implementation and VAT automation projects covering system design, system configuration review, and UAT testing activities.
- Strong advisory, stakeholder management, analytical, documentation and communication skills with ability to manage competing priorities and guide team members.
📌 Manager-VAT (Bengaluru)
🏢 Mashreq Bank
📍 Bengaluru