Saudi Tax Manager

Posted:
10/21/2024, 4:22:15 AM

Location(s):
Jeddah, Makkah Region, Saudi Arabia ⋅ Makkah Region, Saudi Arabia

Experience Level(s):
Senior

Field(s):
Accounting

Job Location

Jeddah

Job Description

OVERVIEW OF THE JOB


The Tax Manager is responsible for overseeing compliance and stewardship matters related to Saudi legal entities. This includes reviewing financial statements, managing direct and indirect tax filings, conducting the tax forecast process, leading tax audits, collaborating with tax advisors, and supporting the business team on tax-related issues, business models, and stewardship matters.

YOUR TEAM
This role reports to the Middle East Tax Director and involves leadership in the Saudi Tax area.

MAIN RESPONSIBILITIES OF THE ROLE

  • Review direct and indirect tax filings, financial statements, and other statutory reports.

  • Lead the local tax forecast process, contributing to quarterly and year-end financial closures.

  • Manage the tax audit and refund processes.

  • Ensure that processes and controls are effective, while also finding opportunities for operational improvements.

  • Provide updates on new applicable tax laws and regulations.

SUCCESS CRITERIA

COMPLIANCE AND EXTERNAL REPORTING

  • Be responsible for monthly, quarterly, and annual compliance for Income Tax, WHT, VAT, and TP, including the review of computations, preparation, filing of tax returns, and management of tax payments. Strive for process improvement to ensure accuracy and timeliness in filings.

  • Manage the closure of open tax audits, including communication with tax authorities and tax advisors, and review reports prepared by the Service Center.

  • Supervise the VAT/WHT refund process, if applicable.

  • Stay informed about updates in tax legislation in Saudi Arabia and supervise legislative developments.

  • Prepare audited financial statements and other statutory reports.

  • Build and maintain relationships with external parties, such as financial auditors and tax advisors.

INTERNAL REPORTING

  • Prepare monthly income tax forecasts for all Saudi legal entities.

  • Generate monthly and quarterly reports for the Regional Comptroller and Tax team.

  • Supervise fiscal developments in the country and recommend improvements to local procedures to ensure compliance and optimize tax incentives.

  • Review the budget for tax advisors and financial auditors to maintain cost efficiency.

ACCOUNTING AND FINANCIAL REPORTING

  • Supervise the monthly reconciliation of P&L and balance sheet tax accounts, collaborating with the Service Center to maintain accurate accounting records.

  • Review calculations and provisions for quarterly tax entries to address tax liabilities and contingencies.

  • Ensure compliance with local regulations.

SUPPORT FOR BUSINESS TEAM AND LOCAL LEAD TEAM

  • Review business operating processes to assess local implications and revise as necessary to ensure compliance with business models and local regulations.

  • Provide support and mentorship to the business team as needed.

  • Participate in global and regional projects as required.

Job Qualifications

  • Bachelor’s degree in Accounting.

  • 3-5 years of experience in a tax firm, focusing on tax compliance and audits across various tax types, including transfer pricing.

  • Familiarity with tax accounting, compliance, and relevant tax laws.

  • Strong critical thinking and problem-solving abilities.

  • Leadership and interpersonal skills.

  • Ability to collaborate effectively with diverse teams.

  • Attention to detail and capability to work with minimal direction.

  • Knowledge of SAP is advantageous.

  • Proficiency in Arabic.

About us

We produce globally recognized brands and we grow the best business leaders in the industry. With a portfolio of trusted brands as diverse as ours, it is paramount our leaders are able to lead with courage the vast array of brands, categories and functions. We serve consumers around the world with one of the strongest portfolios of trusted, quality, leadership brands, including Always®, Ariel®, Gillette®, Head & Shoulders®, Herbal Essences®, Oral-B®, Pampers®, Pantene®, Tampax® and more. Our community includes operations in approximately 70 countries worldwide.

Visit http://www.pg.com to know more.

We are an equal opportunity employer and value diversity at our company. We do not discriminate against individuals on the basis of race, color, gender, age, national origin, religion, sexual orientation, gender identity or expression, marital status, citizenship, disability, HIV/AIDS status, or any other legally protected factor.

Job Schedule

Full time

Job Number

R000117892

Job Segmentation

Experienced Professionals (Job Segmentation)