About the Role:
To direct, lead and manage all Riyad Bank Zakat & Tax matters, planning and compliance activities, ensuring effective relationships with the Bank’s management and third parties.
Responsibilities:
- Implements approved departmental policies, processes, procedures and provides instructions to subordinates and monitor their adherence.
- Implements the day-to-day operations assigned for the department to ensure compliance with the established policies and procedures.
- Supports in preparing, reviewing and monitoring of the annual operating budget and the annual financial budget of the different functions within the Bank.
- Makes decisions on complex and technical tax matters, ensuring auditable documentation is maintained.
- Monitors all critical details such as timely collection and analysis of data to ensure tax and Zakat calculations and documentations are carried out correctly.
- Follows up regulatory changes on a regular basis to maintain full and correct information on tax and Zakat related legislations.
- Reviews and manages staff deliverables including tax returns, extensions, and tax planning calculations.
- Prepares and reviews complex tax planning projections for individual and corporate estimated tax liability.
- Conducts complex tax research and prepares memorandum outlining findings and conclusions.
- Responds and communicates with Zakat & Tax authority and clients in connection with audits, inquiries, and tax notices.
- Delegates projects to staff that can handle them most efficiently and provides accounting and tax assistance to staff as needed.
- Assists with business development efforts and provides internal tax advisory services and support to high management.
- Ensures the accuracy of the tax figures and estimates included within planning, financial reporting, analysis and financial models.
- Manages external/internal audit requirements ensuring relevant information is provided in order to complete the audit process on time.
- Organizes and supervises the activities and work of a team of subordinates to ensure that all work is carried out efficiently.
- Contributes to the identification of opportunities for continuous improvement of systems, processes and practices.
- Participates in the implementation of SMART Stream latest versions and upgrades.
- Reports Tax & Zakat Compliance requirements within the statutory deadline.
- Ensures all staff have clear objectives, regular performance feedback sessions, and individual development plans.
- Coordinates and facilitates the employment, training and development of Saudi nationals within the organization.
- Complies with all relevant safety, quality and environmental management policies, procedures and controls.
- Performs other related duties or assignments as directed.
Qualifications:
- Bachelor’s degree in Business with preferably a specialization in Finance or Accounting.
- 6-8 years of relevant experience in banking including at least 2 years in positions of progressively increasing managerial responsibilities.
- Language: English: Advanced.
Required Skills:
- Knowledge of Tax & Zakat Regulation.
- Knowledge of international and local accounting standards and application.
- Knowledge of tax and Zakat concepts in the region.
Preferred Skills:
- Communication Excellence.
- Digital Orientation.
- Service Excellence.
- Risk Orientation.
- Stakeholder Management.
- Building High-Performance.