Specialiast- VAT & Financial Control
Specialiast- VAT & Financial Control
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Job Description
Job Purpose:
To provide support to Group Financial Control reporting into AVP VAT & Financial Control and help with the ongoing monitoring of the financial control activities across the Group. The role also involves supporting with the VAT related control activities.
Key Accountabilities:
Generic Accountability
Support with monitoring of the various control and governance activities (e.g. Account Ownership and Verification Internal Accounts Review etc.) across Group Finance.
Timely identification and escalation to line manager and followup on the resolution of issues related to the above activities.
Monitor the ongoing BAU activities and subprocesses involved with VAT.
Job Context:
Specific Accountability
Followup and escalate nonsubmissions / delays in the monthly Account Ownership and Verification (AOV) process as per the agreed escalation matrix.
Support with obtaining additional information such as corrective action plans action owners and target dates from the units for issues reported in the IAR.
Assist during consolidation and preparation of the monthly Account Ownership and Verification (AOV) dashboard.
Minute agreed action items when review meetings are conducted with stakeholders.
Liaise with account owners to obtain reconciliation files and supporting documents at the time of conformance testing. Review the reconciliations provided and make observations where deficiencies are noted or amounts are unreconciled. Communicate such observations to the line manager.
Review accounts against nature and those with static balances beyond 90 days. Engage with the concerned units and obtain clarifications / justifications.
Monitor the daily VAT exception reports. Coordinate and followup with stakeholders to obtain the necessary clarifications for those exceptions and communicate the same to the line manager.
Maintain an updated tracker of VAT issues and exceptions identified during the daily monitoring exercise and support with their resolution.
Support with the monthly Trial Balance and VAT Payable account reconciliations. Flag differences to IT support teams and followup for their resolution.
Assist with the daily PL review and identify anomalies with VAT collection. Seek guidance from the line manager on the required course of action.
Participate in sample testing activities and random validations that would help obtain assurance over the functioning of the VAT process.
Support the line manager with automation initiatives and opportunities to enhance manual VAT processes.
Support with any other adhoc tasks assigned to the control team.
Qualifications :
Minimum Qualification
Banking or Finance Degree
Minimum Experience
13 years of experience with accounting and controls.
Good analytical skills and good command of MS applications especially MS Excel.
Good interpersonal and communication skills both verbal and written. Willingness to learn new tasks
Remote Work :
No
Employment Type :
Fulltime
Employment Type
Full-time
