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Home Saudi Arabia Tax & Finance Business Partner

Tax & Finance Business Partner

Full time at Inspire Selection | Recruitment Agency in Saudi Arabia
Posted on February 7, 2025

Job details

We are searching for a Tax and Finance Business Partner for our FMCG client. This role will play a critical role in partnering with the sales organisation to provide strategic financial and tax-related guidance. This role will be responsible for driving tax compliance , managing financial reporting for sales activities, and aligning business strategies to achieve optimal financial outcomes. The ideal candidate will have a strong background in both tax regulations and financial planning with the ability to influence cross-functional teams.

Responsibilities:

Business Partnership

  • Serve as the primary finance and tax advisor to the sales leadership team, providing insights to drive growth, profitability, and tax efficiency.
  • Collaborate with sales, legal, and operational teams to understand business strategies and provide guidance on financial implications, tax exposure, and opportunities.
  • Support the sales team in structuring complex deals to optimise tax outcomes.

Tax Planning & Compliance

  • Oversee tax planning for all sales-related transactions and ensure adherence to local, state, federal, and international tax laws.
  • Review and ensure compliance with indirect taxes (sales tax, VAT, etc.) associated with the company's sales activities.
  • Manage tax audits and inquiries related to sales revenue, providing documentation and support as needed.

Financial Reporting

  • Lead monthly, quarterly, and annual financial close processes for the sales division, ensuring accurate revenue recognition and compliance with accounting standards.
  • Prepare financial forecasts and budgets in collaboration with the sales team to ensure alignment with the company's overall financial objectives.
  • Analyse sales performance against budget, identifying key variances and working with leadership to address issues.

Cross-functional Collaboration

  • Work closely with the broader finance team to align on financial policies, tax strategies, and cash flow management related to sales activities.
  • Coordinate with the tax department to ensure accurate tax provisioning, deferred tax accounting, and adherence to tax reporting requirements.
  • Partner with legal and compliance teams to mitigate tax risks in new business initiatives and geographic expansion.

Leadership & Strategic Input

  • Provide strategic recommendations to senior management on optimising the financial and tax aspects of sales.
  • Mentor and guide junior team members, fostering a culture of continuous improvement and learning within the finance team.

Experience and Qualifications:

  • Qualified Chartered Accountant
  • Minimum of 10 years of post-qualification experience in Finance Business Partnering and Taxation in the manufacturing sector.
  • Qualification in CFA or a degree in Business Administration will be an added advantage.
  • Proven experience working with sales organisations and influencing non-finance stakeholders.
  • In-depth understanding of tax regulations (domestic and international) and experience in tax planning for sales transactions.
SALARY: SAR 30-35K Thank you for your application. Only suitable candidates will be contacted. #J-18808-Ljbffr

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