Statutory & Tax, Reporting and General Ledger

Job Title: Statutory & Tax Reporting Associate

Purpose of Role: The role mainly focuses on the Statutory & Tax Requirements, reporting, and General Ledger support.

Reports to: Assistant Director / Associate Director

Grade: Supervising Associate

Responsibilities:

• Support senior finance team members to manage and oversee operations of local and outsourced accounting processes which includes month-end and year-end processes, AP/AR, general ledger, and balance reconciliations, capital assets reconciliations.
• Review and assist in establishing and enforcing proper accounting standards, policies, and principles which should include regular review, analysis, and reconciliation of the general ledger; continuous systems review, provide recommendations, improve systems and procedures, and initiate corrective actions.
• Assist in the creation and maintenance of a compliance calendar ensuring timely submission of external financial reporting deliverables.
• Assist in the analysis of statutory reports and commentaries.
• Work collaboratively with regional and offshore shared services teams to achieve reporting deadlines with accuracy and integrity.
• Support seniors with liaising with internal and external auditors with respect to financial audits/LC audits and coordinating with other parts of Finance and Business to provide audit requirements.
• Actively participate in month-end close to identify and post statutory ledger adjustments.
• Assist in the preparation of statutory financial statements and related audit schedules.
• Assist in the preparation of information requested by regulatory authorities.
• Assist in the preparation and review and submission of monthly returns, including VAT, WHT, and other relevant returns.
• Regularly review Tax GL accounts and transactions and maintain accurate reconciliation for all tax GL accounts.
• Help facilitate and manage the preparation and review of company tax returns and the accurate, timely filing of all tax forms.
• Ensure accurate, timely filing of income tax returns and other business-related filings.
• Manage and facilitate income tax audits, preparing responses, creating schedules, etc.
• Monitor legislative and regulatory tax law developments, communicate the effects of these developments to management and the team, and create strategies to capitalize on changes to taxation legislation.
• Provide support with various internal audits and special tax-related projects.
• Provide support in reviewing tax returns and quarterly/yearly tax projections.
• Provide or arrange to provide advice from an Accounting, Statutory, Tax reporting perspective that may be required by engagement teams or other functions in carrying out their respective tasks.
• Support Adhoc requests from the Finance team and service line Leadership team.
• Have comprehensive knowledge of Double Tax Treaties.
• Have knowledge and work experience on head office accounting.
• Have knowledge of IFRS Standards and applications.

Qualifications and Skills:

• Relevant accounting certification (e.g., CA, CPA, CMA, ACCA) is mandatory.
• Knowledge of KSA tax laws, regulations, and compliance requirements.
• Experience in tax planning, compliance, and reporting for businesses operating within the KSA.
• Proficiency in relevant accounting software, preferably SAP.
• Strong knowledge of MS Office Packages, particularly Excel & Power BI.
• Strong analytical skills with the ability to interpret complex tax laws and regulations.
• Excellent attention to detail and organizational skills.
• Strong communication skills, both written and verbal.
• Self-motivated with leadership skills.
• Ability to work independently, manage multiple tasks, and meet deadlines.
• Prior experience in liaising with tax authorities and handling tax audits is a plus.