ADNOC Group Jobs Employment in Dubai, United Arab Emirate
We are one of the world's leading energy producers, and a primary catalyst for Abu Dhabi’s growth and diversification.
We operate across the entire hydrocarbon value chain, through a network of fully-integrated businesses, with interests that range from exploration, production, storage, refining and distribution, to the development of a wide-range of petrochemical products.
Since 1971, we have created thousands of jobs, driven the growth of a diverse knowledge-based economy, and played a key role in Abu Dhabi’s global emergence.
Today, we continue to look for new and innovative ways to maximize the value of our resources, pioneering those approaches and technologies that will ensure we are able to meet the demands of an ever-changing energy market, and continue to have a positive impact on the Abu Dhabi economy for generations to come.
ADNOC Group Senior Specialist, Trading Contracts (AGT AUH) Jobs in Dubai, United Arab Emirate
Job Purpose
Senior Specialist Trading Contracts provides pre and post deal commercial advice to the business, reviews and approve all draft sales confirmations & amendments, responses to 3rd party contracts and counters, ensuring that all such agreements fully comply with the company’s policy and control framework.
COMMUNICATION & WORKING RELATIONSHIPS
External 3rd party clients
Internal Operations, Trading, Legal
Duties & Responsibilities
- Provide pre- and post-deal commercial advice to Front Office (“FO”) on deal construction and the commercial, contractual and financial risks/exposures associated with (proposed) transactions and identify areas of opportunities for value creation as well as value leakage
- Review and approve draft sales and purchase Confirmations, responses, amendments, and counters, ensuring that all contract correspondence is fit for purposes, consistent with the deal capture system and accurately reflects the terms agreed by the parties
- Ensure that all agreements comply with company’s policies including (but not limited to) compliance language, law and jurisdiction, confidentiality, and sovereign immunity
- Highlight and report any identified deviations or breaches of company’s policy in the Incident Management system
- Provide support to FO and other functions related to negotiating, drafting, and reviewing complex agreements including term deals, tenders, storage agreements, and master/side letter agreements with an emphasis on negotiating terms and conditions that maximize value, mitigate contractual exposures, and minimize profit leakage.
- Provide support and guidance to FO and other functions in resolving contractual disputes with counterparties, liaising with company’s legal department when required
- Review 3rd Party terms and conditions and negotiate amendments as required to minimize contractual exposure and ensure compliance with company’s policy and standards.
- Act as the gatekeeper for setting up and managing contract clauses and contract templates in the system
- Maintain accurate records of all confirmations, contracts, and other records, ensuring that they are stored in accordance with the company’s policy
- Support Department Manager in onboarding and delivery of training on trading contracts to company new joiners
- Support Department Manager to ensure that all company codes of conduct are adhered and operation risks are minimized
- Assist with contract and policy compliance initiatives
- Assist trading team in interpreting contract terms & conditions
- Support establishment and implementation of counterparty physical contract workflow policies and processes
- Carry out any other reasonable and lawful request directed by the Management
- Maintain and ensure confidentiality at all times
- Represent the company in a positive and professional manner
- Adhere to the company’s rules, regulations, procedures and policies at all times
Job Specifications (knowledge, Skills, Abilities, Behaviours)
Education
- Bachelor's Degree in Business, Contract Law, Legal, Commerce or related field
- Master’s degree or professional qualification in the relevant field is an advantage
Experience
- 5+ years with trading, operations or legal functions of a trading company
- 2+ years of trading contracts management preferably with experience in the same role
Knowledge
- Advanced in Legal & Contracts (Law, Incoterms, Tax, Regulation)
- Practical in Trading Operations
- Basic in Trading
- Basic in Finance
Abilities
- Analytical
- Attention to details
- Communication (oral and written)
- Collaboration
- Work under pressure
- Negotiation
- Teamwork
- Meet deadlines
- Manage multiple priorities
- Problem solving
WORKING CONDITIONS
- Physical Effort: Minimal
- Work Environment: Office
- Working schedule: As per the company’s policy
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ADNOC Group Senior Analyst, Taxation (International Tax)Jobs in Dubai, United Arab Emirat
About the Company:
ADNOC Distribution is on a journey to change the retail landscape, delivering tangible actions to facilitate progress in providing sustainable mobility solutions for our customers. We are taking bold and transformative steps to grow our domestic and international footprint for our customers. We are customer-centric, offering digitally enabled journeys and providing innovative products and services to drive accelerated and sustainable development for the future of mobility.
ADNOC Distribution markets, sells, and distributes transportation fuel to both retail and commercial customers. We also run non-fuel services at our service stations.
About the Job:
Provide specialist subject matter services to ensure transfer pricing & international tax compliance, optimize tax strategies and support international tax planning. Collaborate with cross-functional teams and external advisors to ensure ADNOC Distribution and its subsidiaries are in compliance with transfer pricing & international tax regulations.
Job Specific Accountabilities
International Tax & Transfer Pricing Advisory
- Work with advisors to assess tax implications of foreign expansion plans including but not limited to tax structuring, permanent establishment risk assessments and withholding tax.
- Work with advisors on tax due diligence and relevant tax aspects of post-merger integration pertaining to foreign merger and acquisition (M&A) activities.
- Support to address the relevant Organization for Economic Co-operation and Development (OECD) Base Erosion Profit Shifting (BEPS) requirements, including but not limited to Country-by-Country reporting (CbCR) and BEPS Pillar Two.
- Handle operational day-to-day activities with International Tax and transfer pricing impact; provide tax advice and support to the various business units to ensure full compliance with the relevant Tax laws.
- Responsible for the development and implementation of the relevant International Tax policies and procedures.
International Tax Compliance
- Monitor and stay up to date with international tax laws, treaties, and regulations in relevant tax jurisdictions where ADD operates in.
- Responsible for the International tax compliance process, including liaising with local tax teams to ensure all required international tax returns, including corporate income tax, withholding tax, value-added tax (VAT), and other country-specific taxes returns, payments and supporting documentation are complete and accurate, up to date, on file, and where required, submitted on time in collaboration with the local tax accountants.
- Ensure compliance with various country-specific tax reporting requirements, including Transfer Pricing Documentation (Transfer Pricing Disclosure form, Master File and Local File) and Country-by-Country Reporting (CbCR).
- Manage process to apply for preferential WHT rates and refunds as per the applicable tax treaty.
- Track and monitor foreign taxes paid and mitigate impact of double taxation as applicable.
Transfer Pricing compliance and Documentation
Develop and implement transfer pricing policies that align with arm's length principles and meet the requirements of various tax jurisdictions.
Prepare and maintain UAE transfer pricing return & documentation (Disclosure form, Master File and Local File) to support intercompany pricing and comply with local transfer pricing regulations.
Monitor intercompany transactions to ensure consistency with transfer pricing policies.
Handle transfer pricing policy reviews with relevant business functions and external advisors to ensure timely updates to the transfer pricing policy and intercompany agreements as necessary depending on business developments.
Support the operational transfer pricing review of intercompany recharge cross-border recharges.
Support Advance Pricing Agreement application with support of external advisor where applicable.
Support Transfer Price Benchmarking as and when required.
International Tax Planning and Optimization:
Collaborate with cross-functional teams to develop international tax strategies that align with the company's global business objectives and minimize tax liabilities.
Analyze the tax implications of international business activities, mergers, acquisitions, and restructurings to optimize tax efficiency.
Identify tax planning opportunities such as tax credits, incentives, and tax-efficient repatriation.
Tax Treaty Analysis And Benefits
Analyze tax treaties between the relevant countries to determine the most advantageous tax treatments for cross-border transactions and activities.
Ensure that the company maximizes the benefits available under tax treaties to prevent double taxation and minimize tax costs.
Optimize foreign tax credits to avoid double taxation on foreign income and ensure compliance with foreign tax credit rules and limitations.
International Tax Risk Management and Internal Control
Establish and maintain robust internal controls to manage international tax risks and ensure compliance with tax laws.
Monitor potential international tax exposures and develop strategies to mitigate risks effectively.
Monitoring Local & International Tax Developments and Ensure Compliance
- Monitor international tax and transfer pricing developments and provide relevant updates to relevant stakeholders in a timely manner.
- Implement measures to ensure compliance with the OECD BEPS initiatives and country-specific anti-BEPS regulations.
Audits and Dispute Resolution
- Support the team during transfer pricing audits conducted by Tax Authorities in the relevant tax jurisdictions.
- Respond to transfer pricing inquiries and information requests from tax authorities promptly and accurately.
- Engage in transfer pricing dispute resolution processes and defend the company's transfer pricing policies during audits and appeals.
- Support local tax team with any information and documentation requests received from the Tax Authority conducting the Tax Audit on foreign jurisdiction tax compliance.
- Ensure the implementation of remediation measures required to address applicable outcomes of Tax Authority audits or queries on foreign jurisdiction WHT, foreign jurisdiction Transfer Pricing and foreign jurisdiction direct tax.
Relationship Management
Develop and maintain effective business relationships with all relevant external/internal entities such as tax authorities, external tax advisors, financial regulators and government authorities etc with highest standards of business ethics, whilst promptly attending to all critical issues in-order to ensure the services required by the organization are delivered in the most effective manner.
Identify improvements in internal processes against best practices in pursuit of greater efficiency in line with ISO standards to define intelligent solutions for issues confronting the function.
Health, Safety, Environment (HSE) and Sustainability
- Comply with relevant HSE policies, procedures & controls and applicable legislation and sustainability guidelines in line with international standards, best practices and ADNOC Code of Practices
Reports
- Provide inputs to prepare Section MIS and progress reports for Company Management
Minimum Requirements:
- Bachelor’s degree in finance, law or relevant discipline
Minimum Experience & Knowledge & Skills
- 8 years of relevant experience
- Experience in Big4 is preferred.
- Solid understanding of international tax laws, regulations, and transfer pricing concepts
- Excellent communication and interpersonal skills to work effectively within cross-functional teams and external partners.
- Ability to adapt to evolving international tax laws and regulations.
- Familiarity with global tax implications and tax treaties
- Practical understanding of tax touchpoints risk areas affecting general business workflows, processes, and operations processes.
- Strong analytical and problem-solving skills.
- Demonstrate good research skills.
- Good project management skills
"Official Job Source: [ADNOC Group Senior Analyst, Taxation (International Tax)Jobs in Dubai, United Arab Emirat ]"
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