The incumbent will have responsibility for coordinating the Reporting and Taxation activities within asset management accounting/custodian services. The incumbent is charged with managing the withholding tax in terms of calculation, accruals, payments and submission and liaison with local tax authorities.
A. Shareholder & Financial:
Promote cost consciousness and efficiency and enhance productivity, to minimise cost, avoid waste, and optimise benefits for the bank.
Act within the limits of the powers delegated to the incumbent.
Implement KPI's and best practices for Senior Associate Reporting and Taxation role.
B. Customer (Internal & External):
Provide timely asset management accounting and custodianship services to various stakeholders.
To assist customers in all their queries on Bank's product and seek solution to their requests.
Maintain activities in accordance with Service Level Agreements (SLAs) with internal departments/units to achieve improvements in turn-around time.
Build and maintain strong/effective relationships with related departments/units to achieve the Group's objectives.
Provide timely/accurate data to external/internal Auditors, Compliance, Financial Control and Risk when required.
C. Internal (Processes, Products, Regulatory):
Documentation
Maintain asset management documents (e.g. licenses, prospectus, articles of association, reports, records, etc.), ensure they are up to date and update them on the system accordingly.
Transfer Agency
Disseminate capital stock reports to shareholders and other stakeholders accurately and timely.
Fund Administration - Financial Reporting
Produce the necessary financial statements / MIS and disseminate them timely and accurately to the relevant stakeholders on a monthly, quarterly, annual or ad-hoc basis.
Fund Administration - Tax
Calculate imposable and other taxable activity in line with local law and different account profiles in regards to both investment tax and shareholder tax.
Assist in preparation of tax filings
Liaise with the relevant tax authorities.
Audit / Reporting / Reconciliation
Perform account/transaction reconciliations - capital stock, holdings, cash, expense, income, etc. - investigating any discrepancy and working to address the break by posting the required entry, rectifying the incorrect one or liaising with the respective team that needs to take action.
Reporting - Assist the team in producing any financial statements or other required reports.
Audit - help produce the required audit documentation so it is delivered within the agreed deadlines
Query Management
Ensure inbound queries are answered within 24h from receipt
Do a diligent follow up on emails sent to external or internal parties as to obtain the information required to address the reason the query was sent.
Escalate emails as needed with your supervisor.
Communication
Escalate all urgent matters requiring attention to supervisor
Assist more junior staff in the completion of their tasks
D. Learning & Knowledge:
Maintain utmost confidentiality.
Comply with operational policies and procedures, document retention requirements and set security procedures.
Proactively identify areas for professional development of self and undertake development activities.
Seek out opportunities to remain current with all developments in professional field.
Bachelor degree University Graduate/preferred with a Major in Marketing, Banking, Finance, Accounting, Economics, Business Administration or Information Technology (related field of study)
Excellent oral and written communication skills (including report writing) in English and Arabic.Good interpersonal and presentation skills.
Understanding of the relevant laws, regulations, and practices.
Ability to make decisions and follow through with initiatives.
Personal integrity and self-management.
Planning, organising, and analytical ability.
Results oriented.
Strong analytical skills and the ability to communicate both verbally and in writing with all levels of management.
