QNB3864 - Assistant Vice President Reporting and Taxation

QNB Group; Doha; On-site; QAR 335,000 - 670,000; Full time

Job summary

QNB Group is seeking a seasoned AVP for Reporting and Taxation to oversee tax processing, financial reporting and audit-related inquiries. The role focuses on maintaining accurate asset management records and coordinating between funds, investment managers and internal departments.

You will supervise tax reporting processes, ensure timely data delivery to auditors and compliance teams, and drive process improvements to optimize costs and efficiency within the bank.

Qualifications

• Bachelor’s degree in Tax, Banking, Finance, Accounting, Economics, Business Administration or IT (related field).
• Masters degree preferred.
• At least 10 years of relevant experience, preferably within a highly rated international bank.
• Familiar with Tax Regulation and Legality, Financial Statements and Cost accounting.

Responsibilities

• Develop budgets, control operation costs and contribute to QNB sales income by providing accounting and administration services.
• Ensure the information disclosed to the stakeholders is complete, accurate and timely.
• Implements KPI’s and best practices for Assistant Vice President Reporting and Taxation role.
• Promote cost consciousness and efficiency and enhance productivity, to minimize cost, avoid waste, and optimize benefits for the bank.
• Act within the limits of the powers delegated to the incumbent and delegate authority to staff and monitor exercise of the same.
• Demonstrate clear understanding of the bank's financial & non-financial performance.
• Handle/resolve queries/problems of fund managers, brokers, security markets and bank’s internal departments.

Education

Bachelor’s degree in Tax, Banking, Finance, Accounting, Economics, Business Administration or Information Technology (related field)

Masters preferred

Job description

About QNB

Established in 1964 as the country’s first Qatari-owned commercial bank, QNB Group has steadily grown to become the largest bank in the Middle East and Africa (MEA) region.

QNB Group’s presence through its subsidiaries and associate companies extends to more than 31 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is more than 28,000 serving up to 20 million customers operating through 1,000 locations, with an ATM network of 4,300 machines.

QNB has maintained its position as one of the highest rated regional banks from leading credit rating agencies including Standard & Poor’s (A), Moody’s (Aa3) and Fitch (A+). The Bank has also been the recipient of many awards from leading international specialised financial publications.

Based on the Group’s consistent strong financial performance and its expanding international presence, QNB currently ranks as the most valuable bank brand in the Middle East and Africa, according to Brand Finance Magazine.

QNB Group has an active community support program and sponsors various social, educational and sporting events.

Job Purpose Summary

To manage tax processing and tax department inquiries related to Asset Management, Financial Statement report and external and internal audit. The incumbent is charged with maintenance of adequate records pertaining to Asset Management and Investment Services activities such as portfolio fund management and Investment.

Essential Duties & Responsibilities By Dimensions

• Shareholder & Financial:
• Develop business budgets, control operation costs and contribute to QNB sales income by providing accounting and administration services.
• Ensure the information disclosed to the stakeholders is complete, accurate and timely.
• Implements KPI’s and best practices for Assistant Vice President Reporting and Taxation role.
• Promote cost consciousness and efficiency and enhance productivity, to minimize cost, avoid waste, and optimize benefits for the bank.
• Act within the limits of the powers delegated to the incumbent and delegate authority to the respective staff and monitor exercise of the same.
• Demonstrate clear understanding of the important factors behind the bank's financial & non-financial performance.
• Customer (Internal & External):
• Ensure the efficient operations of Reporting and Taxation
• Supervise the delivery of Reports (tax or otherwise) as per the required frequency always in line with the local procedures, client and tax authority requirements and laws.
• Handle/resolve queries/problems of fund managers, brokers, security markets and bank’s internal departments and Investors to the highest quality, speed and efficiency.
• To assist customers in all their queries on Bank’s product and seek solution to their requests.
• Maintain activities in accordance with Service Level Agreements (SLAs) with internal departments/units to achieve improvements in turn-around time.
• Build and maintain strong/effective relationships with related departments/units to achieve the Group’s objectives.
• Provide timely/accurate data to external/internal Auditors, Compliance, Financial Control and Risk when required.
• Internal (Processes, Products, Regulatory):
• Documentation
• Ensure the adequate maintenance of asset management documents (e.g. licenses, prospectus, articles of association, reports, records, etc.).
• Transfer Agency
• Manage the profiles to ensure timely delivery of reports/data required to perform the tasks.
• Fund Administration / Accounting
• Coordinate between funds and investment managers, brokers/ banks and founders to ensure timely capture of data and transactions in the system required to produce the necessary reports.
• Manage asset management profiles in the system in line with the required reports that must be generated challenging business if there is any incorrect or conflicting information.
• Manage direct and indirect tax provision calculations, tax structures and their impact in business
• Management - Question processes and procedures to ensure they are always up to date, the most efficient and robust enough to prevent errors and losses
• Ensure that the staff members follow asset management work flows and procedures in order to ensure high level of productivity, greater efficiency and smoother operations.
• Audit / Reporting / Reconciliation - Ensure account reports / financial statements, audit reports are printed and dispatched on-time to the relevant internal and external stakeholders.
• Address any audit findings and ensure they are closed within the defined deadlines
• Produce weekly/monthly MIS to manager
• Query Management
• Ensure inbound queries are answered within 24h from receipt
• Ensure no urgent emails are left unaddressed at the end of each day
• Escalate emails as needed with your supervisor.
• Communication
• Escalate all urgent matters requiring attention to department head
• Promote an healthy and open team spirit - Continuous Improvement:
• Set examples by leading improvement initiatives through cross-functional teams ensuring successes.
• Identify and encourage people to adopt practices better than the industry standard.
• Continuously encourage and recognise the importance of thinking out-of-the-box within the team.
• Encourage, solicit and reward inn

Education/Experience Requirements

• Bachelor’s graduate preferably with a Major in Tax, Banking, Finance, Accounting, Economics, Business Administration or Information Technology (related field of study) Masters preferred.
• Familiar with Tax Regulation and Legality, Financial Statements and Cost accounting
• At least 10 years of relevant experience, preferably within a highly rated international bank.

Note: you will be required to attach the following:

• Resume/CV
• QID (Front & Back)
• Passport
• Education Certificate
• Birth Certificate