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Insurance & Tax Section Head

  • Location:

    Basrah

  • Sector:

    Oil & Gas

  • Contact:

    Steve Al-Bazy

  • Job ref:

    3013

  • Published:

    about 1 year ago

  • Expiry date:

    2022-10-29

mselect is looking to hire an Insurance & Tax Section Head for an international oil and gas operator in Basrah. Candidates must have a minimum of 8 years of accounting experience in the Oil and Gas industry. Fluency in English is a must.

JOB OBJECTIVE
To support Finance Manager in managing Insurance & tax exposure for operations and maintaining sound relationship with Insurance companies & Tax Authorities in accordance to companyโ€™s policies and procedures.

KEY ACCOUNTABILITIES
People Management

  • Supervise the activities and work performed by direct reports to ensure that it is carried out in an efficient and effective manner, in line with sections policies and procedures & Assetโ€™s expectations.
  • Recommend training and development interventions for team members to build their capabilities.

Insurance

  • Arrange optimal insurance policy for Asset.
  • Ensure cost-effective coverage, terms and conditions across insurance policies.
  • Manage Asset wide insurance matters including reviewing operations, identifying gaps, and recommending new coverages as & when needed.
  • Coordination of all insurance and risk related requests from internal stakeholders, including Legal, Finance, Human Resources, Operations, Internal Audit and Head Office.
  • Management of external partner relationships, including insurance brokers, third-party administrators and insurance companies.
  • Reviews contracts and agreements for insurance provisions to ensure compliance with local law and best practices and identify risk management concerns.
  • Manage Assetโ€™s risk exposure and arrange periodical review / risk assessment to ensure they are consistent with best practices.
  • Coordinate with Insurance broker on the settlement of insurance claims with insurers.
  • Arranging training sessions through Insurance Broker to educate the Companyโ€™s staff about insurance and risk related matters.
  • Arrange necessary approvals from within Asset and from external regulatory authorities for Insurance related activities, where applicable.

Taxation

  • Actively identifying tax risks and opportunities in existing or new business transactions.
  • Reviewing all corporate tax filings.
  • Lead all indirect tax activities including implementation and maintenance of indirect tax best practices with the assistance of internal staff and external resources.
  • Manage internal and external resources to complete timely filing of all returns.
  • Maintain tax calendars.
  • Provide timely, comprehensive indirect tax advice, support & training for internal business units.
  • Complying with the requirements of local tax laws.
  • Liaison with Tax Consultants for all tax related issues.
  • Ensure accurate and timely data preparation for all reporting obligations and submission of all relevant reports to tax authorities.
  • Collaborate and coordinate with tax authorities and external tax advisors.
  • Independently extracting and collating information from Financial systems for filing various returns under CGT.
  • Independently ensuring that the taxes are paid, and returns are filed within the Statutory due dates.
  • Keeping abreast of the recent developments in law and updating the team on amendments which will impact business.
  • Act as the key point of contact and support for indirect compliance tax matters and input for specific projects.

Other Tasks

  • Review quarterly cost recovery invoices and ensure completeness, accuracy and compliance with related contractual & legal requirements.
  • Follow-up for quarterly cost recovery invoices from regulatory authorities.
  • Support Audit team in local BOC cost recovery Audits.

Policies, Systems, Processes and Procedures

  • Contribute to the identification of opportunities for the continuous improvement of systems, processes and practices to increase productivity and operational efficiency.
  • Implement all relevant policies, processes, procedures and instructions so that work is carried out in a controlled and consistent manner.

Health, Security, Safety and Environment

  • Follow all relevant companyโ€™s health, security, safety and environmental policies, processes, procedures and instructions to ensure Health and Safety compliance in all aspects of work by applying them on self, others and corporate assets.


COMMUNICATIONS & WORKING RELATIONSHIPS
Internal

  • Asset President / Financial Division Head
  • Asset teams
  • Legal
  • Internal Auditors
  • CPL

External

  • BOC
  • Government Agencies
  • Tax Authorities
  • Tax Consultant
  • External Auditors
  • Insurance brokers


QUALIFICATIONS, EXPERIENCE & SKILLS
Minimum Qualifications

  • A masterโ€™s degree in Accounts/finance/management or CA/CPA qualification or equivalent.

Minimum Experience

  • 8 years of accounting experience in the Oil and Gas industry

Job-Specific Skills

  • Advanced financial analysis skills
  • Knowledge and understanding of Asset and Groupโ€™s financial policies and regulations
  • Knowledge and understanding of local regulatory policies
  • Excellent communication skills
  • Coaching and mentoring skills
  • Good attention to detail
  • Excellent analytical capabilities and problem-solving abilities


*Only applicants meeting the strict criteria outlined above will be contacted as part of the shortlisting process.