VP Lead of Tax Operations

Recruiter
RiverForest Connections Private Limited
Location
Mumbai, IN
Salary
Competitive
Posted
17 Oct 2019
Closes
20 Oct 2019
Ref
1299471034
Job Role
Tax Manager
Contract Type
Permanent
Hours
Full-time
Level of qualification
Qualified
Job Summary Tax Operations is part of the Finance division and the person would head Tax compliance team and few of the subsidiaries operating in India This role has the complete responsibility to ensure timely accurate tax compliances under direct indirect taxations tax transferpricing audits GST audit and headoffice tax reporting process The primary function of the role is to ensure heading a team of tax specialists for accurate and timely local and global tax reporting compliances manage associated risks handling internal external stakeholder Responsibilities Tasks Role includes leading a team of tax reporting specialists to carry entire gamut of tax compliances The list below is illustrative Team Management Leadership Stakeholder Management Control the overall governance aspects of the processes and have a complete and thorough understanding of the control environment identifying gaps in control environment and executing remediation plans to mitigate such gaps Ensuring validations control process are strengthened and all tax filings are duly validated for accurate submissions Drive process changes in the team to be more efficient and ensure we operate in a controlled manner Managing and developing team create back up and resiliency ensuring its optimal utilization knowledge management through regular updates of SOPs and attrition risk management Managing the daytoday relationship with all key stakeholders across various functions to ensure efficient working partnership and build up a collaborative model Participate in Finance system or process enhancement initiatives Lead Participate and Execute Finance India strategic initiatives with respect to Tax Compliance Local Head office Tax Reporting Preparation Review of various reports documents required for internal tax reporting tax ETR workings current deferred tax provisions for local GAAP and applicable Group GAAP Maintain and review workings for Contingent Liability back up of refunds etc Balancesheet substantiation of Tax related assets and liabilities Generating reviewing various MIS required for review of tax compliance variances in tax reporting Advance tax compliance Ensure computations are based on relevant inputs related to PnL BS from Finance LECs team and other relevant teams Ensure required review is conducted by Group tax and others before tax payment Tax audit Planning tax audits across entities and ensuring timely closure with appropriate coordination with Tax auditors Ensure timely and accurate compilation of tax audit report in Form 3CD Transfer Pricing Country by Country Reporting CbyC Planning transfer pricing audits across entities and ensuring timely closure with appropriate coordination with auditors Ensure timely and accurate compilation of tax audit report in Form 3CD Return of Income ROI Preparation and review of computation of tax Liaising with group tax and other relevant functions for review and submissions of returns Upload the eforms Assessments appeals enquiries by IRS Incometax TP Service Tax GST Ability to understand and guide the team regarding information required as intimated by relevant authorities Prepare review the draft submissions Liaising with group tax Finance and other relevant functions for review of the submissions and facilitate closure Dividend distribution tax DDT Preparing review of computation of DDT based on board resolution approving the dividend payment and other approvals etc Liaise with group tax and others as required for review Ensure timely and correct payments into government treasury GST Service tax Ensuring that all GST compliances are timely accurate and submissions validated Preparing GST monthly and annual returns leading GST audit Liaising with auditors group tax and tax consultants for GST compliances Facilitation of Registering new additional services with the GST authorities Collating details from all concerned calculating monthly GST liability at entity level liaising with group tax and others as required for review Preparing challans for tax payment and timely payments Preparing refund claims wherever applicable Liaising with group tax and tax consultants for review of refund claims and preparing files set for filing the required documents with the revenue authorities Computing GST liability on FCY payments on a monthly basis Preparing first cut appeals getting the details reviewed from Group Tax and other relevant functions Experience Exposure The candidate must be a highlymotivated and high performing individual He She must be able to handle all levels of complexity in the functional area under control be able to shift focus of task with relative ease and be flexible enough in shifting workload in accordance with changing priorities and be comfortable dealing with a sometimes stressful and fastpaced dynamic tax environment 12 years working experience of leading a tax compliance team preferably in Taxation teams of banks investment banks or professional accounting audit firms or in a similar capacity in a BPO KPO centre Thorough Knowledge on Direct and Indirect Taxation Compliance requirements Specific knowledge on Income Tax computation for Banks NBFC business GST Service Tax regulations Knowledge of STP regulations is preferable Experience in managing and collating information for Tax Audit Transfer Pricing Audit Understanding on requirements of MAT Advance Tax computation TDS requirements Demonstrated experience of managing the change related to function Soft Skills Communication Ability to communicate effectively oral written with senior stakeholders tax authorities and auditors Focused on providing quality output Leadership Analytical abilities Can lead a team of experienced tax professionals in a challenging tax environment Displays a high degree of control awareness with focus on Validations Controls Has a natural intellectual curiosity Strong analytical business problemsolving skills Time management skills Well organized able to logically present results of work Ability to work under pressure and to deadlines Ability to manage own time and time of team Drive and Motivation Passion for change and confidence in own abilities Be comfortable willing to drive process improvement and motivate the team Diligent thorough shows initiative and is proactive Personal Qualities Proactive attention to detail quality of work able to cope with pressure and deal effectively with demanding clients Ability to challenge status quo Education Certification Qualified Accountant Chartered Accountant