The job holder also plays a key role in controlling the day-to-day activities pertaining to financial accounting and reporting for ENOC Corporate and related SPVs including direct and indirect tax compliance and regulatory submissions. Providing a control conscious environment for appropriate governances HO and related entities. the job holder suppo1is the Head – Group External Reporting & Taxation in ensuring the safeguarding of all assets and identification liabilities and their valuations, reporting and presentation and disclosures. Working in for centre of excellence for financial reporting and taxes, the job holder will function so as to identify and promote practices which meet Group’s commercial objectives and values.
Principal Accountabilities
Financial Accounting For Corporate & Other SPVs
Manage applicable financial accounting deliverable by controlling the maintenance of books of accounts and review monthly accounts upon closure as per agreed timelines.
Oversees and ensures preparation of periodic and year end GL schedules for all balance sheet items and reviews movement in P&L accounts.
Responsible for producing accurate and timely financial information as required by the management, Group, banks/financial institutions and governing bodies.
Responsible for preparation of financial statements, finalization of annual accounts, in accordance with the applicable IFRS and IAS in line with external reporting timelines.
Single point of co-ordination with the Group Financial Services (GFS) section heads for activities under purview of GFS by providing accounting advise on daily basis, monthly review all reconciliations and schedules prepared by SSC and suggest corrective actions.
Manage financial accounting and reporting deliverables by controlling maintenance of books of accounts of joint ventures and associates with responsibility to ensure proper periodical closure of books as per agreed timelines for rep01iing to JV/Associate management.
Adopt, implement and maintain compliance to Enviromnent Sustainability and Governance standards and disclosures in financial reporting for the assigned entities.
Tax Compliance
Undertake domestic compliance to VAT return submission and Corporate Tax return for the entities managed at the Corporate level.
Manage Tax Audits, Enquiries and Reviews as conducted by the Tax Authorities.
Handle tax queries raised from the Group entities and address appropriately.
Group Tax Management and Compliance Reporting
Review and endorse or otherwise suggest amendments to countty level processes and key controls across global operations in order to bring tax compliance risk to an acceptable level in line with Group’s tax risk appetite.
Establish compliance and reporting as envisaged in the tax control framework and raise awareness to the relevant levels in the organisation.
Manage external consultants and ad hoc tax initiatives such as legal disputes, inquiry and submissions.
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