Job Description
Job Description
Job Level
Lead of Tax Operations – Deutsche India
Cost Center Description
Deutsche India – Regional Finance
Sub-Process
Tax Operations
Location
Mumbai
Type of Job
RTB
Shift Timing
India
Role Description – Summary
Job Summary
Tax Operations is part of the Finance division and the person would lead Tax compliance of Deutsche India (one of the entity of DB group in India) and would also support compliances for other DB entities in India whenever required. This role has the complete responsibility to ensure timely & accurate tax compliances under direct & indirect taxations, tax & transfer-pricing audits, GST audit and head-office tax reporting process. The primary function of the role is to ensure 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 & innovations 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 day-to-day 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.
• Balance-sheet 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 payments
• Tax audit :
• Planning tax audit of Deutsche India 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 audit of Deutsche India and ensuring timely closure with appropriate coordination with auditors along with Master File and CbCR intimations.
• Ensure timely and accurate compilation of transfer pricing audit report in Form 3CEB
• 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 e-forms
• Assessments / appeals / enquiries by IRS (Income-tax, 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.
• GST / Service tax: The responsibilities in this connection will include:
• 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;
• Appearance before tax authorities as and when required
• 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 highly-motivated 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 fast-paced 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
• Experience in financial accounting & reporting, financial statements and legal entity control function is preferred
• Experience in dealing with taxation matter on merger and amalgamation is preferred
• Experience of managing the change related to function
Soft Skills
Communication
• Ability to communicate effectively (oral & written) with senior stakeholders including Board of Directors, tax authorities and auditors
• Focused on providing quality output and speed of delivery
Leadership & Analytical abilities
• Displays a high degree of control awareness with focus on Validations & Controls
• Has a natural intellectual curiosity
• Strong analytical / business problem-solving 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
Our values define the working environment we strive to create – diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.
We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, ****** orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation
Job Level
Lead of Tax Operations – Deutsche India
Cost Center Description
Deutsche India – Regional Finance
Sub-Process
Tax Operations
Location
Mumbai
Type of Job
RTB
Shift Timing
India
Role Description – Summary
Job Summary
Tax Operations is part of the Finance division and the person would lead Tax compliance of Deutsche India (one of the entity of DB group in India) and would also support compliances for other DB entities in India whenever required. This role has the complete responsibility to ensure timely & accurate tax compliances under direct & indirect taxations, tax & transfer-pricing audits, GST audit and head-office tax reporting process. The primary function of the role is to ensure 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 & innovations 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 day-to-day 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.
• Balance-sheet 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 payments
• Tax audit :
• Planning tax audit of Deutsche India 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 audit of Deutsche India and ensuring timely closure with appropriate coordination with auditors along with Master File and CbCR intimations.
• Ensure timely and accurate compilation of transfer pricing audit report in Form 3CEB
• 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 e-forms
• Assessments / appeals / enquiries by IRS (Income-tax, 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.
• GST / Service tax: The responsibilities in this connection will include:
• 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;
• Appearance before tax authorities as and when required
• 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 highly-motivated 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 fast-paced 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
• Experience in financial accounting & reporting, financial statements and legal entity control function is preferred
• Experience in dealing with taxation matter on merger and amalgamation is preferred
• Experience of managing the change related to function
Soft Skills
Communication
• Ability to communicate effectively (oral & written) with senior stakeholders including Board of Directors, tax authorities and auditors
• Focused on providing quality output and speed of delivery
Leadership & Analytical abilities
• Displays a high degree of control awareness with focus on Validations & Controls
• Has a natural intellectual curiosity
• Strong analytical / business problem-solving 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
Our values define the working environment we strive to create – diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.
We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, ****** orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation
💡 Quick Summary
Seeking a career-building opportunity? The FINREG Manager position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai, offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
