Senior Manager - Tax & Financial Controls

About Commercial Bank Of Qatar

Job Summary

Tax Controls And Management

• Ensure that monthly Withholding Tax statements are correctly prepared and submitted to Tax Office in a timely manner
• Review the Withholding Tax deduction process and recommend changes if any
• Work with the Project Management team on the VAT implementation and:
• + Implement controls to ensure accurate calculation and reporting of VAT
• + Ensure that VAT statements are correctly prepared and submitted to the Tax Office in a timely manner
• Preparation of Corporate yearly tax returns for CB and Qatar subsidiaries – liaison with Tax advisors and translating their recommendations and changes into processes
• Complete the CBCR filling in coordination with external advisors
• Complete Transfer Pricing Master / Secondary file filing in coordination with external advisors for the Bank and with Alternatif Bank and their tax advisors for their filing requirements
• Provide tax advice and solutions on CBQ entities and new structures being set up as part of the CBQ Group
• Responsible for managing the Group’s information on the General Tax Authority (GTA) / QFC tax portals
• Represent the bank on Tax forums managed by Big 4 and Tax authorities
• Calculation of tax provisions for the quarterly/annual financials
• Preparation of OECD Pillar 2 returns for CB and Qatar subsidiaries.

Financial Control (Icofr)

• Implement controls around the consolidation process and the financial statements close process
• QFMA - ICOFR Lead for bank wide reviews of Process and entity-level controls – bank wide scope
• QFMA- ICOFR review and update of scope and testing.
• The ICOFR review includes testing and documentation of results as per industry standards for external auditor reviews and regulatory inspections as applicable.
• Liaison for External Audit on ICOFR and IT controls

Accounting & Reporting Controls

• Act as backup for the Manager GL controls & Projects
• Preparation of Cash flow statement, IFRS 16 note, Staff Costs, IFRS 9-ECL note for stand-alone CB and Consolidated CB Financial Statements
• Co-ordinate with Alternatif Bank on the above notes and perform a review for consolidation.

Cost Control Tower (Cct)

• Lead the CCT working committee, EXCO and GCEO approval process
• Co-ordinate with Businesses/other teams on structuring memos, providing relevant and accurate information, this includes understanding the nature of requests, budgetary and Bank’s procurement requirements
• Prepare a dashboard with memo summaries for the EXCO and GCEO approval
• Collate information / statistics on all cases put to CCT and business for the bi-annual CCT performance review

Qualifications

Required Experience

• 8 - 10 years’ relevant experience in Finance in the banking sector
• This is a senior technical role and involves working independently with minimum supervision
• Leadership skills – managing a team of direct reports
• Specialised knowledge and experience in Tax implementation and compliance, ICOFR Controls, Cost control and Project Management etc.
• Hands-on experience in Accounting and Banking
• English language proficiency – Oral and written.
• Proficiency in MS Office – Word, Excel & PowerPoint Presentations.
• Interpersonal skills – Able to interact with other functions in the department.
• Analytical and logical thinking – Able to demonstrate a strong reasoning capability.
• Pro-active with strong work ethic – Understand clear outcomes within general role objective.
• Teamwork – Able to work effectively within own team and with other stakeholders.
• ****Why Commercial Bank?****
• Best Digital Bank in the Middle East 2024 by World Finance and Best Mobile Banking App in the Middle East 2024 by Global Finance.
• An Innovation-Driven, Digital-First Environment where employees work with the latest tools and technologies to redefine banking
• Opportunities for Global Partnerships & International Exposure, connecting employees with global networks and perspectives.
• A focus on Employee Well-being & Work-Life Balance, ensuring a healthy and supportive environment for all team members
• Competitive Compensation & Benefits that ensure our employees are rewarded for their dedication and performance
• A strong Commitment to Diversity, Equity & Inclusion, fostering a culture that values every individual’s unique perspective.
• At Commercial Bank, we don’t just offer careers, We shape futures by pioneering
• digital transformation
• in Qatar’s banking sector, blending
• digital-first
• approach to redefine banking through
• innovative
• solutions.

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