Accountant: VAT– Aspen TESS

On-site - Dubai- UAE

Company Description

Aspen TESS is Aspen's technology enabled shared services business, established to be a partner in unlocking business value through digital innovation and process efficiency. Aspen TESS will eliminate repetitive effort and use technology to optimise standardised processes, by delivering cost-effective services and innovative solutions to Aspen business units globally.

OBJECTIVE

The Accountant: VAT will play a critical role in ensuring compliance with VAT regulations, optimizing VAT processes, and supporting the organization's financial objectives. This position requires a detail-oriented professional with strong analytical skills and in-depth knowledge of VAT laws and regulations.

Key Responsibilities

VAT Compliance:

• Prepare and submit accurate VAT returns across multiple regions primarily Europe in accordance with deadlines.
• Ensure compliance with local VAT laws and regulations.
• Monitor changes in VAT legislation across European jurisdictions and implement necessary adjustments.
  
  

VAT Reconciliation:

• Reconcile VAT accounts and resolve discrepancies.
• Maintain accurate VAT records and audit trails.
  
  

Advisory and Support:

• Provide advice on VAT implications for business transactions.
• Collaborate with departments, especially the Group Tax team, to optimize VAT recovery.
  
  

Audit and Reporting:

• Liaise with tax authorities, auditors & group tax during VAT audits.
• Provide supporting documentation to auditors for VAT-related matters.
• Prepare VAT reports for management and external stakeholders.
• Budgeting and forecasting activities for VAT-related matters.
  
  

Training and Awareness:

• Conduct training sessions to improve VAT compliance within the organization.
• Stay updated on best practices and industry trends in VAT.
  
  

Statutory Accounting Support:

• Assist with preparation of statutory financial statements in compliance with local accounting standards (e.g., GAAP, IFRS).
• Provide information and support with respect to the filings for VAT, Corporate income tax, and other statutory taxes.
  
  

Qualifications and Experience:

Educational Background:

• Bachelor’s degree in Accounting, Finance, or a related field.
• Professional qualification (e.g., CA, ACCA, CPA) preferred.
  
  

Experience:

• Minimum 3 years of experience in VAT accounting or indirect taxation.
• Experience in handling VAT for Europe is mandatory.
  
  

Technical Skills:

• Proficiency in accounting software (e.g., SAP-S4HANA, Oracle, QuickBooks).
• Proficiency in Business Intelligence tools such as Power BI.
• Advanced knowledge of Microsoft Excel.
  
  

Soft Skills:

• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• Ability to work under pressure and meet deadlines.
  
  

Key Competencies:

• In-depth knowledge of European VAT regulations and compliance requirements.
• Attention to detail and a high level of accuracy.
• Strong organizational and time-management skills.
  
  

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