Assistant Manager - Tax and Financial Controls (Qatari & children of Qatari mother)
Commercial Bank of QatarLahore, Punjab, Pakistan
6 hours ago
Job description
Career Opportunities : Assistant Manager - Tax and Financial Controls (Qatari & children of Qatari mother) (7489)
Assist the Senior Manager in preparing for the CCT working committee and Exco meetings, by tracking all spend requests presented to the CCT mail box
Co-ordinate with Business / Spend requestee on structuring memos, providing relevant and accurate information, this includes understanding the nature of requests, budgetary and bank’s procurement requirements and polices in place
Drafting CCT working committee meeting minutes (weekly basis) and Exco minutes (by-weekly basis) and circulate via email with CCT action points.
Prepare dashboard with the summaries of the memos, for the EXCO and draft GCEO’s approval email for circulation
Prepare the final approval confirmation email on the business cases after obtaining the GCEO’s approval along with GCEO’s action points (if any)
Collate information / statistics on all business cases presented to CCT and prepare dashboard on the overall savings to the bank on a bi-annual basis and to be presented to the CFO.
Assist the ICOFR team in coordinating day to day activities, follow ups, documentation and testing of Internal Control Over Financial Reporting (ICOFR)Co-ordinate and follow up with control and process owners
Perform control testing on design effectiveness of internal controls on an annual basis
Perform control testing on operational effectiveness of internal controls across the bank on periodic basis – pertinent to controls on monthly, quarterly and yearly basis
Perform remediation of failed controls and identify with control owners mitigating controls and / or recommend new controls to ensure operational effectiveness
Assist the Senior Manager in preparation of monthly / quarterly dashboard for management review with controls tested : passed, failed, remediation.
Assist the Senior Manager other areas of testing and control review in the Financial Statement Close process
Assist the Senior Manager on co-ordination and submission of quarterly auditor requirements to external auditors
Withholding Tax (WHT)
Prepare the monthly WHT Return in line with the data submitted by the Accountsable team and submit the return on the Dhareeba portal within the specified timeline. (before 15th of next month)
Review the list of vendors alongside the invoice on a monthly basis to check whether the invoices are taxable based on a provision of service as per the regulations of General Tax Authority (GTA).
Provide WHT deduction certificates to the vendors
Arabic translation of the WHT returns and submission in the Tax Portal
Assisting the Senior Manager in correspondence and interaction with Tax regulators and Other regulatory reporting including QFMA / QSE correspondence
Assist the team for communication with Regulators – QFC, QFMA, General Tax authority (GTA), QSE etc including Arabic translation
Education
Bachelor’s degree in Business with preferably a specialization in Finance or Accounting
Skills
Ability to interact with internal and external stakeholders
Ability to work under pressure
Accounting Methods
Appropriations Planning
Awareness of local cultural and social factors, and labour law provisions