Taxes and Reporting Section Head at Elsewedy Electric
Job title: Taxes and Reporting Section Head
Department: Finance
Job Purpose:
The Taxes and Reporting Section Head is responsible for overseeing the organization’s tax compliance and reporting functions. This role ensures adherence to local and international tax regulations, optimizes tax strategies, and provides accurate financial reporting. The Section Head will lead a team in preparing tax returns, managing audits, and developing tax policies that align with the company’s financial objectives. By collaborating with internal and external stakeholders, this position aims to mitigate tax risks, enhance operational efficiency, and support informed decision making.
Key Accountabilities
- Tax Compliance: Ensure timely and accurate preparation and filing of all local, state, and federal tax returns in accordance with applicable laws and regulations.
- Tax Strategy Development: Develop and implement effective tax strategies that minimize tax liabilities while ensuring compliance with legal requirements.
- Financial Reporting: Oversee the preparation and accuracy of tax-related financial statements and disclosures in alignment with accounting standards.
- Team Leadership: Manage and mentor a team of tax professionals, providing guidance on complex tax issues and fostering a culture of continuous improvement.
- Audit Management: Coordinate and manage tax audits, working closely with external auditors and tax authorities to address inquiries and resolve issues.
- Risk Management: Identify and assess tax risks and develop strategies to mitigate these risks effectively.
- Policy Development: Establish and maintain tax policies and procedures to ensure consistent and compliant practices across the organization.
- Stakeholder Collaboration: Collaborate with finance, accounting, and legal teams to provide insights and recommendations on tax implications of business decisions.
- Research and Analysis: Stay updated on tax laws and regulations, conducting thorough research and analysis to inform tax planning and compliance efforts.
- Training and Development: Provide training and support to internal stakeholders on tax-related matters to enhance understanding and compliance.
Desired Outcomes
- Timely Compliance: Achieve 100% compliance with tax filing deadlines, reducing the risk of penalties and interest due to late submissions.
- Accurate Financial Reporting: Ensure that all tax-related financial statements and disclosures are accurate, complete, and in accordance with applicable accounting standards.
- Minimized Tax Liabilities: Successfully implement tax strategies that result in measurable reductions in overall tax liabilities, contributing to the organization’s bottom line.
- Effective Audit Management: Manage tax audits efficiently, with a goal of resolving issues with minimal disruptions and achieving favorable outcomes.
- Reduced Tax Risks: Identify and mitigate potential tax risks, resulting in a more robust tax compliance framework that protects the organization.
- Team Development: Foster a highly skilled and knowledgeable tax team, resulting in improved performance and employee engagement scores.
- Stakeholder Satisfaction: Enhance collaboration with internal stakeholders, leading to increased satisfaction regarding tax advisory support and insights.
- Policy Implementation: Develop and implement clear tax policies and procedures that are adhered to across the organization, ensuring consistency and compliance.
- Up-to-date Knowledge Base: Maintain a comprehensive understanding of current tax laws and regulations, leading to proactive adjustments in tax strategies as needed.
- Continuous Improvement: Establish a culture of continuous improvement within the tax function, resulting in streamlined processes and increased efficiency in tax compliance and reporting activities.
- Strong Financial Controls: Implementation of effective internal controls to safeguard the organization’s assets and ensure accurate financial data
Personal Skills
- Analytical Thinking: Strong analytical skills to interpret complex tax laws, financial data, and reports, enabling informed decision-making.
- Attention to Detail: A meticulous approach to ensure accuracy in tax filings and financial reporting, reducing the risk of errors and compliance issues.
- Leadership and Management: Ability to lead and mentor a team, fostering collaboration and driving performance to achieve departmental goals.
- Communication Skills: Excellent verbal and written communication skills to effectively convey tax-related concepts and strategies to stakeholders at all levels.
- Problem-Solving: Strong problem-solving abilities to identify issues, analyze alternatives, and develop effective solutions in a timely manner.
- Time Management: Effective prioritization and time management skills to meet tight deadlines, especially during peak filing periods or audits.
- Adaptability: Flexibility to navigate changing tax regulations and business environments, adjusting strategies as necessary.
- Interpersonal Skills: Ability to build and maintain relationships with internal stakeholders, external auditors, and tax authorities to facilitate smooth interactions.
- Ethical Judgment: Strong sense of ethics and integrity to ensure compliance and make decisions that align with the organization’s values and legal standards.
- Strategic Thinking: Capacity to think strategically about tax implications in business decisions and long-term financial planning.
Qualification & Education:
- Bachelor’s degree Finance/commerce/Accounting in or a relevant discipline.
- From 7 to 10 years of experience in a business field
- CPA, ACCA or CTA
- Work with one from the “Big Four” audit firms. (KPMG, PWC, EY, Deloitte)
- Good in Microsoft Office suite.
- Highly skilled and proficient in Excel and PowerPoint, with extensive experience in creating impactful monthly presentations.
- Business fluency in English.
Apply Through: d.offen@elsewedy.com
Deadline : 29th October 2024.
