Role Summary
The Statutory Reporting and Compliance Staff is responsible for managing statutory audits, financial statement preparation, and tax compliance across assigned entities. The role ensures adherence to local GAAP/IFRS, tax regulations, and corporate policies while supporting audit processes, internal controls, and stakeholder reporting. This position plays a critical role in maintaining compliance, improving financial processes, and enabling effective financial governance.
Key Responsibilities
Statutory Reporting & Compliance
- Prepare, review, and lodge statutory financial statements in accordance with local GAAP and IFRS requirements.
- Ensure timely filing of statutory financial statements and tax returns (direct and indirect taxes).
- Maintain up-to-date knowledge of local regulatory and legislative requirements.
- Support statutory audits and financial reviews conducted by external auditors and tax authorities.
- Ensure all regulatory filings are completed within approved timeframes.
Tax Compliance & Reporting
- Prepare and reconcile tax accounts (CIT, VAT, and other applicable taxes).
- Forecast tax payments and coordinate with cashflow/accounting teams.
- Ensure accurate, timely filing of tax returns and compliance obligations.
- Support tax audits and inquiries from local authorities.
Financial Control & Processes
- Ensure compliance with corporate accounting policies and internal control frameworks.
- Monitor internal controls, identify gaps, and support remediation efforts.
- Perform reconciliation from source ledger (US GAAP) to local GAAP.
- Maintain financial statements and supporting documentation in a centralized repository.
- Continuously improve processes to increase efficiency, reduce cycle time, and enhance compliance.
Stakeholder Management & Collaboration
- Act as a primary interface with internal and external stakeholders including:
- Accounting teams
- Corporate Tax
- Auditors and regulatory agencies
- Subsidiary management
- Collaborate cross-functionally to support finance initiatives and business objectives.
- Support business transitions, reorganizations, and strategic initiatives.
- Prepare board-level presentations on financial performance for subsidiaries and branches.
Operational Support & Continuous Improvement
- Complete internal processes and compliance checklists.
- Proactively identify cost-saving opportunities and process improvements.
- Support achievement of organizational goals and long-term objectives.
- Promote and embody organizational culture and values.
- Perform additional duties as required.
Qualifications & Experience (Essential)
- CPA, CA, or equivalent professional qualification.
- 8–10 years post-qualification experience, including:
- Minimum 5 years in a Big 4 external audit firm (Middle East experience required).
- Strong knowledge of IFRS and local GAAP.
- Experience handling complex statutory audits and tax compliance.
- Solid background in internal controls and auditing practices.
- Experience within a large multinational corporate environment.
- Proficiency in ERP systems (e.g., SAP, PeopleSoft).
- Strong capability in managing multiple priorities across different time zones.
- Advanced MS Office skills and familiarity with financial systems/tools.
- Fluency in English and Arabic (written and spoken).
Skills & Competencies
- Excellent communication and presentation skills (verbal and written).
- Strong analytical and problem-solving abilities with attention to detail.
- Ability to simplify complex financial and regulatory topics.
- Strong stakeholder management and influencing skills.
- Ability to work effectively in a matrix and global environment.
- Strategic thinker with execution focus.
- High level of adaptability, resilience, and teamwork.
- Ability to manage multiple tasks, priorities, and deadlines.
- Proactive approach to identifying risks and improvement opportunities.
- Strong business acumen and decision-making capability.
