Senior Accountant – Finance & Tax

Job title: Senior Accountant – Finance & Tax

Company: Thungela

Job description: Company Description

As the Senior Accountant in Finance & Tax you will oversee the financial and management reporting process, encompassing the preparation of financial statements, delivery of tax calculations, and ensuring compliance with applicable tax laws and Thungela group tax reporting requirements for the Export Marketing function in the United Arab Emirates

Finances are Vital, you’ll help us see where we are going.

Thungela Resources [Thungela means “to ignite” in isiZulu] is a leading South African thermal coal business, focused exclusively on thermal coal production. It is one of the largest pure-play producers and exporters of thermal coal in South Africa based on aggregate coal reserves and marketable coal production. Thungela focuses on exporting its thermal coal portfolio mainly to the Indian, Asian, Southeast Asian, Middle East and North African markets.

Job Description

As the Senior Accountant in Finance & Tax you will ensure the month end processes are executed, with strict adherence to financial standards and regulations, while prioritizing the timely submission of financial reports while ensuring compliance with Thungela’s accounting policies and relevant accounting standards during month-end processes. You will also require Performing tax calculations, return preparation and filing, ensure tax payments are processed in line with relevant UAE Tax authority guidance as well as taking accountability for the accuracy of all tax related reports including transfer pricing.

More of your responsibilities will include:

• Submitting all financial reports accurately and promptly in the prescribed format into the designated financial reporting systems (SAP, HFM & Ramesys)
• Collaboration in the preparation of budget, forecast, and MOP information by prioritizing accuracy in financial reporting and ensuring the timely creation of budget and forecast documents.
• Preparing financial and management reports including subsidiary information and MOP data accurately and on schedule
• Conducting ad-hoc analyses on significant transactions and report trends or unusual movements promptly as required
• Ensuring meticulous accuracy in tax calculation and filing processes, while maintaining strict compliance with all relevant tax regulations related to registered companies and special purpose vehicles (SPVs) in the United Arab Emirates
• Maintaining required tax documentation and related paperwork in prescribed formats to meet both internal and statutory requirements.
• Assisting in the preparation of transfer pricing disclosure forms, local files, and master files ensuring accuracy
• Providing ongoing tax input into budgeting, forecasting, and reporting processes in compliance with Thungela Group Tax requirements
• Managing and coordinating year end and interim reporting deadlines with external auditors and internal auditors to ensure group reporting deadlines are met and a clean audit is achieved.
• Acting as a liaison between Group Finance and the Export Marketing Business Unit to provide finance and tax information as required by Thungela Finance for reporting purposes and other ad hoc purposes
• Monitoring the performance and accuracy of systems as well as analyzing problems and resolving where appropriate

Qualifications

• Bachelor’s Degree in Financial Management or related disciplines (NQF level 7) or international equivalent
• Applicable certification i.e.: CA/CIMA (Advantageous)

Experience & Knowledge

• Minimum 5 years’ financial management experience with in-depth experience of financial and management reporting and tax compliance within the UAE in a commodity trading or related industry
• Good experience in establishing and managing effective relationships with auditors & tax authorities

Additional Information

Proficient knowledge of relevant legislation applicable to Thungela incl:

• UAE Labour Law
• UAE Federal Tax Law
• Applicable financial legislation in the UAE
• Sarbanes-Oxley Act
• Proficient knowledge of various SAP products i.e. SAP S4 HANA, SAP IBP and SAP CTRM
• Proficient knowledge of tax requirements within the UAE
• Proficient knowledge of Corporate Governance and Risk Management

Who We Are

We’re a company that promotes an environment that inspires innovation and where people have a shared sense of purpose. Skills, experience, creativity, and agility underpin our ability to grow and thrive. This means building a diverse team of high-performing individuals who operate our sites safely, effectively and cost efficiently. Our people focus is centered on acquiring, developing, and retaining the talent we need to take our business forward, safely and sustainably.

What We Offer

When you join Thungela, you can expect to enjoy a competitive salary and benefits package. But people want more out of their jobs than financial benefit alone. Being able to work with thought leaders, opportunities for development, strong values and a sound organisational culture all contribute significantly to a compelling employee value proposition.

Inclusion and Diversity

True diversity is about more than being an equal opportunities employer. It is about bringing out the best in people for the good of our business, its partners, and especially our employees. We’re committed to promoting an inclusive and diverse workplace where people are valued and respected for who they are and know exactly what value they bring to the table.

How to apply

To apply for this role, please complete our online application form. You will have the opportunity to upload your CV and other relevant documentation as part of this process.

Closing Date:21/03/2024

Expected salary:

Location: Dubai

Job date: Sat, 16 Mar 2024 23:08:31 GMT

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