Company Overview Mubadala is an investment and development company supporting the diversification of the Abu Dhabi economy through active global operations and capital deployment in multiple sectors. Wholly owned by the Government of Abu Dhabi, Mubadala was created in 2002 to generate sustainable financial returns for its shareholder and deliver socioeconomic benefits to the emirate. It has a portfolio valued at AED 246.4 billion (US 67.1 billion), and assets in more than 20 countries.
The company works in partnership with world-class organizations to build integrated global businesses and establish investment platforms, strengthening Abu Dhabi’s competitive position in sectors such as aerospace, semiconductors, metals & mining, oil & gas, renewables, information & communications technology, healthcare, real estate & infrastructure, utilities, and defense services.
About Taxation
Taxation is involved in the full life cycle of all Mubadala’s overseas assets (whether public, private or fund investments) including cross-border acquisitions, disposals, financings and structural reorganizations. The unit works alongside all of Mubadala’s business units and most of its corporate units, most frequently the Mergers & Acquisition, Legal and Structured Finance and Capital Market teams.
The Challenge To support the monitoring of tax compliance in the assigned Mubadala Group business function(s), and to provide advice and support on transactional and operational tax compliance and reporting issues in order to ensure full compliance so that the Group’s global tax position is effectively managed and protected
Key Responsibilities Tax Compliance
Monitor tax compliance policies and process in the assigned business function(s) in order to support the enforcement of compliance with internal policies, global taxation obligations and reporting requirements.
Identify and report on potential tax compliance breaches or errors within the assigned business function(s), and conduct research to understand the issue and associated risk so that appropriate corrective actions can be taken.
Tax Analysis
Conduct analysis on tax structuring alternatives to assist in the provision of support and advice on the assigned business function(s) taxation needs and requirements.
Review and assess the tax implications and risks associated with global transactions, financing/ re-financing, mergers, operational changes and expansions, etc., in order to support decision-making.
Tax Rate Monitoring
Monitor and report tax rates and optimise cash flow.
Tax Support
Liaise with assigned business function(s) to provide support and guidance relating to operational tax compliance and reporting in order to support operational excellence in the planning and delivery of tax return reporting.
Conduct necessary research in order to support senior colleagues in providing advice on transactional tax matters based on sound analysis, and to support the decision-making of global transactions, financing/ re-financing, mergers, operational changes and expansions, etc.
Tax Reporting
Provide support to the external service providers to ensure they have all required information to conduct timely and accurate tax computations, and liaise with them to obtain advice and services for the business.
Conduct first level reviews of tax computations prepared by external advisors in order to review accuracy and completeness, and submit queries to address any identified errors and/or misunderstandings.
Assist in preparing taxation reports to ensure accurate and timely monthly, quarterly and annual reports are submitted to the required internal stakeholders and external third parties.
Tax Audit and Assurance
Assist in working with internal and external auditors to ensure all information is provided to support timely and complete tax auditing and reporting across the assigned business function(s).
Support the implementation of audit findings and recommendations relating to taxation in a timely and accurate manner to ensure compliance with internal and external policy.
Policies, Systems, Processes and Procedures
Contribute to the identification of opportunities for the continuous improvement of functional systems, processes and practices taking into account ‘international leading practice’ in order to improve business processes, productivity and operational efficiency.
Implement all relevant functional policies, processes, procedures and instructions so that work is carried out in a controlled and consistent manner.
Reporting
Contribute to the preparation of timely and accurate functional reports to meet Mubadala’s requirements, and the functional requirements, policies and standards.
Qualifications Qualifications:
- Bachelor degree in finance, accounting, taxation or equivalent.
Experience: Minimum 2 years of experience.
Experience gained through internships in similar roles in a UAE based organisation or a top-tier taxation advisory firm is an advantage.
Knowledge: Basic knowledge of taxation, accounting and IFRS standards, and the implications of these fields on Mubadala Group’s global operations.
Good verbal and written communication and presentation skills, demonstrating the ability to communicate information and ideas clearly and confidently.
Ability to work effectively with others, and to demonstrate a proactive approach and initiative in delivering work.
Good analytical skills and the ability to quickly and accurately assimilate financial information
Ability to analyse and report the repercussions to the appropriate audiences.
