Taxes and Reporting Section Head at Elsewedy Electric

Taxes and Reporting Section Head at Elsewedy Electric

Job title: Taxes and Reporting Section Head 

Department: Finance 

Job Purpose: 

The Taxes and Reporting Section Head is responsible for overseeing the organization’s tax compliance and reporting  functions. This role ensures adherence to local and international tax regulations, optimizes tax strategies, and provides  accurate financial reporting. The Section Head will lead a team in preparing tax returns, managing audits, and  developing tax policies that align with the company’s financial objectives. By collaborating with internal and external  stakeholders, this position aims to mitigate tax risks, enhance operational efficiency, and support informed decision making. 

Key Accountabilities 

• Tax Compliance: Ensure timely and accurate preparation and filing of all local, state, and federal tax returns in  accordance with applicable laws and regulations. 
• Tax Strategy Development: Develop and implement effective tax strategies that minimize tax liabilities while  ensuring compliance with legal requirements. 
• Financial Reporting: Oversee the preparation and accuracy of tax-related financial statements and disclosures in  alignment with accounting standards. 
• Team Leadership: Manage and mentor a team of tax professionals, providing guidance on complex tax issues  and fostering a culture of continuous improvement. 
• Audit Management: Coordinate and manage tax audits, working closely with external auditors and tax  authorities to address inquiries and resolve issues. 
• Risk Management: Identify and assess tax risks and develop strategies to mitigate these risks effectively.
• Policy Development: Establish and maintain tax policies and procedures to ensure consistent and compliant  practices across the organization. 
• Stakeholder Collaboration: Collaborate with finance, accounting, and legal teams to provide insights and  recommendations on tax implications of business decisions. 
• Research and Analysis: Stay updated on tax laws and regulations, conducting thorough research and analysis to  inform tax planning and compliance efforts. 
• Training and Development: Provide training and support to internal stakeholders on tax-related matters to  enhance understanding and compliance. 

Desired Outcomes 

• Timely Compliance: Achieve 100% compliance with tax filing deadlines, reducing the risk of penalties and  interest due to late submissions. 
• Accurate Financial Reporting: Ensure that all tax-related financial statements and disclosures are accurate,  complete, and in accordance with applicable accounting standards. 
• Minimized Tax Liabilities: Successfully implement tax strategies that result in measurable reductions in overall  tax liabilities, contributing to the organization’s bottom line. 
• Effective Audit Management: Manage tax audits efficiently, with a goal of resolving issues with minimal  disruptions and achieving favorable outcomes. 
• Reduced Tax Risks: Identify and mitigate potential tax risks, resulting in a more robust tax compliance  framework that protects the organization.
• Team Development: Foster a highly skilled and knowledgeable tax team, resulting in improved performance and  employee engagement scores. 
• Stakeholder Satisfaction: Enhance collaboration with internal stakeholders, leading to increased satisfaction  regarding tax advisory support and insights. 
• Policy Implementation: Develop and implement clear tax policies and procedures that are adhered to across the  organization, ensuring consistency and compliance. 
• Up-to-date Knowledge Base: Maintain a comprehensive understanding of current tax laws and regulations,  leading to proactive adjustments in tax strategies as needed. 
• Continuous Improvement: Establish a culture of continuous improvement within the tax function, resulting in  streamlined processes and increased efficiency in tax compliance and reporting activities. 
• Strong Financial Controls: Implementation of effective internal controls to safeguard the organization’s assets  and ensure accurate financial data 

Personal Skills 

• Analytical Thinking: Strong analytical skills to interpret complex tax laws, financial data, and reports, enabling  informed decision-making. 
• Attention to Detail: A meticulous approach to ensure accuracy in tax filings and financial reporting, reducing the  risk of errors and compliance issues. 
• Leadership and Management: Ability to lead and mentor a team, fostering collaboration and driving  performance to achieve departmental goals. 
• Communication Skills: Excellent verbal and written communication skills to effectively convey tax-related  concepts and strategies to stakeholders at all levels. 
• Problem-Solving: Strong problem-solving abilities to identify issues, analyze alternatives, and develop effective  solutions in a timely manner. 
• Time Management: Effective prioritization and time management skills to meet tight deadlines, especially  during peak filing periods or audits. 
• Adaptability: Flexibility to navigate changing tax regulations and business environments, adjusting strategies as  necessary. 
• Interpersonal Skills: Ability to build and maintain relationships with internal stakeholders, external auditors, and  tax authorities to facilitate smooth interactions. 
• Ethical Judgment: Strong sense of ethics and integrity to ensure compliance and make decisions that align with  the organization’s values and legal standards. 
• Strategic Thinking: Capacity to think strategically about tax implications in business decisions and long-term  financial planning. 

Qualification & Education: 

• Bachelor’s degree Finance/commerce/Accounting in or a relevant discipline. 
• From 7 to 10 years of experience in a business field  
• CPA, ACCA or CTA 
• Work with one from the “Big Four” audit firms. (KPMG, PWC, EY, Deloitte) 
• Good in Microsoft Office suite. 
• Highly skilled and proficient in Excel and PowerPoint, with extensive experience in creating impactful monthly  presentations. 
• Business fluency in English. 

Apply Through: [email protected] 

Deadline : 29th October 2024.