Senior Associate - Tax

At Lilly, we unite caring with discovery to make life better for people around the world. We are a global healthcare leader headquartered in Indianapolis, Indiana. Our employees around the world work to discover and bring life-changing medicines to those who need them, improve the understanding and management of disease, and give back to our communities through philanthropy and volunteerism. We give our best effort to our work, and we put people first. We’re looking for people who are determined to make life better for people around the world.

Lilly has a legacy spanning over 140 years and is steadfast in its commitment to create high-quality medicines for patients. Grounded in our values of Integrity, Excellence, and Respect for People, we infuse these principles into every facet of our daily work. With a rich history of pioneering research and development, Lilly stands at the forefront of groundbreaking opportunities.

Here in the Middle East region, we are on the brink of an era of remarkable growth, one that aligns with our primary mission to unite caring with discovery to make life better for people around the world. As we embark on this exciting journey, the dedicated individuals at Lilly are positioned at the heart of our mission, driving us forward to realize our commitments to customers and patients. Recently, we were honored with the prestigious Great Place to Work award. This accolade is not just a testament to our organization’s achievements, but it also shines a spotlight on our steadfast commitment to our employees.

The Senior Associate - Tax will play a crucial role in overseeing the financial operations of the organization. The role will be responsible for ensuring accurate and timely financial reporting and implementing effective internal controls.

Key Responsibilities

Accounting Manager responsibilities and tasks:

• Ensure sensitive financial documents secured and available at any time.

• Ensure implementation of new Companies Ordinance to prepare financial.

• Assure compliance according to SOx requirement and ensure timely reviews.

• Sign off SOx documents along with the finance manager.

• Handle affiliate ICO requests to ensure accurately and timely transfer of ICO OPEX in/out of the affiliate.

• Support in the affiliate monthly closing process.

• Fixed assets Management:

  • Ensure affiliate fixed assets list is properly maintained and timely reviewed.

  • Support SSC on Fixed Assets Physical Count.

  • Create a capitalization form (CAP form) to add new fixed assets items.

  • Initiate the FA disposal process and managing the fixed asset sales transaction (if Any).

  • Fill the Disposal Form and send it to SSC to remove retired assets from the affiliate fixed assets list.

• External and Internal Audit:

  • Manage external relationship with Local External Audit firms.

  • Prepare draft financials for auditors along with relevant schedules.

  • Ensure to complete external audit on time.

  • Meetings with Audit Manager and finalize the FS for sign off.

  • Build relationship with Audit Partner for getting suggestion or opinion about accounting treatments

  • Share the external audit findings with affiliate CFO and financial controller along with a clear action plan to close any control gaps.

  • Ensure timely submission of Internal Audit requirements and reply queries.

• Responsible for managing VAT:

  • Preparation of VAT returns and other VAT reports for submission to government bodies
    Overall compliance with the VAT laws and regulations

  • Timely Submission of the reporting requirements related to VAT audits to external auditors and government bodies.

  • Collation of VAT registration number of all vendors.

  • Manage VAT audits by government bodies, prepare and coordinate appeals to support the tax position taken, and propose and implement appropriate settlement schemes.

  • Identify the VAT risks, plan remediation action and manage the implementation of the remediation plan and resolution of the risks.

  • Identify all changes in the VAT legislations, determine the VAT consequences for the affiliate and provide remediation plan and solutions. This will include liaising with external advisors.

  • Review terms and conditions in contracts and agreements to determine VAT implications.

• Withholding Income Tax:

  • Ensure the accurate deduction of withholding of Income Tax from payments of vendors and to deposit to Government Treasury.

  • Ensure filing of withholding statement to tax authorities on monthly and annual basis.

  • Ensure to provide tax certificates / tax challans to each individual vendor.

• Corporate tax:

  • Accountable for the completion of accurate tax returns in timely manner.

  • Negotiate with Income Tax Authority at times of Tax Audits to minimize the tax obligations.

  • Responsible for quantification and documentation of uncertain tax positions.

  • Conduct analysis and Assessments for the best case / worst case scenarios of the controversies with Tax Authority and report the most likely settlements to the management.

  • Keep business partners updated by all new tax regulations and changes in laws that have an impact on their scopes and roles either in office or the site.

  • Responsible for Preparation and submissions of Lilly’s GYEC Tax Reports.

• Transfer Pricing:

  • Prepare and submit transfer pricing worksheets

  • Review transfer prices and update local value-added cost on annual bases.

  • Coordinate with Transfer pricing team for approval of new products transfer price.

• Cashflow and Banking relationship:

  • Timely preparation and submission of Cash flow to region, review quarterly cash position to ensure liquidity and prepare and secure approval for needed intercompany loan.

  • Coordinate with Bank to resolve day to day issues.

  • Build relationship with bankers, which helps to understand the new laws etc.

• Admin responsibilities:

• Ensure to complete Minutes of Meeting of Board meeting, Annual General Meeting or Extra Ordinary General Meeting.

• Follow-up and lead on secretarial work such as but not limited to licenses’ requirements and renewals.

Basic Requirements:

Qualification/ Education:

• Bachelor’s degree in accounting or finance

Skills/Abilities:

• Demonstrated strong interpersonal skills

• Excellent communication skills (Spoken and Written)

• People Management Skills

Knowledge/ Language:

• Proficiency in English (Spoken and Written)

• Proficiency in Microsoft Office software (Excel, Word and Power Point)

Work Experience

• At least (5) years of relevant work experience.

• Demonstrated experience with performance measurement systems, metrics and service levels.

• Strong knowledge and experience of SAP.

Others:

• Works well under pressure.

• Accuracy and attention to detail.

• Develop and deliver accounting presentations and training.

• Capable of problem solving and conflict resolution whilst maintaining a positive group dynamic.

• Self-motivated professional with excellent customer service and strong working/team building relationship skills.

• Independent forward thinker on process improvements.

• Ability to exercise effective judgment, sensitivity and creativity to changing needs and situations.

Lilly is dedicated to helping individuals with disabilities to actively engage in the workforce, ensuring equal opportunities when vying for positions. If you require accommodation to submit a resume for a position at Lilly, please complete the accommodation request form (https://careers.lilly.com/us/en/workplace-accommodation) for further assistance. Please note this is for individuals to request an accommodation as part of the application process and any other correspondence will not receive a response.

Lilly does not discriminate on the basis of age, race, color, religion, gender, sexual orientation, gender identity, gender expression, national origin, protected veteran status, disability or any other legally protected status.

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