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Read More »Hiring for Manager – Indirect Tax for Mumbai Location for a Fund and Fiduciary company
Designation: Manager Indirect TaxLocation: MumbaiSalary: 6 to 11 LPAGender: AnyExperience: CA (4 to 5 yrs exp) Qualification: CA must
An Indirect Tax team Manager, is responsible for ensuring indirect tax compliance processes are being
followed correctly in order for indirect tax returns which company is responsible for preparing and
submitting for its clients are filed on time and accurately and in accordance with local legislation. The
role requires the direct management of the India based indirect team as a whole, and also liaison with
other stakeholders in the VAT compliance process including other teams within company , the affiliate
network and technical managers within the indirect tax team. The role also requires support and
training to be provided to direct reports as well as ensuring their standards of work are high and that
they are also following the processes which cover the tax compliance work they are undertaking. The
role also requires direct involvement in the preparation and submission of larger, more complicated
returns.
To support all other activities of the Indirect Tax team and help deliver company indirect tax
compliance services to both their external and internal clients.
Key accountabilities
Indirect tax compliance services
1. Be aware of all service deliverables for the assigned clients and manage workload using company tools
and processes available.
2. Ensure the indirect tax team is allocated work effectively so all individuals are meeting their utilization
targets.
3. Assist in the review and reconciliation of indirect tax accounts, liaising with other teams as
required.
4. Help in gathering relevant information, review data and provide advice to other teams on any
adjustments in relation to client’s indirect taxes particularly from directly from clients themselves
5. Assist in the development of advisory opportunities which arise from the compliance management work
Indirect tax compliance processes
1. Responsibility and accountability for the delivery of the compliance process tasks by the team in
India for the complete allocation of returns under company’s responsibility.
2. Assisting in the review of key documents (e.g. client supplier invoices) to ensure documents meet
specific indirect tax compliance standards and to make decisions as to the correct way that certain
transactions should be reported.
3. Maintain own files and all documents required to support indirect tax returns filed with Tax Authorities,
in accordance with team policies and procedures and to support client in any subsequent Tax Authority
audit that may arise and also ensure direct reports are maintaining the same standards in this regard.
4. Provide assistance as required to support client response to any Tax Authority audit of client’s indirect
tax returns as and when they arise.
General
1. Ensure all required training and development programs are attended and also to assist in the training of
new and junior colleagues.
2. Awareness of and adherence to agreed quality standards and team policies and procedure and helping
to develop new processes which are more efficient and/or effective.
3. Strictly maintain and adhere to the Data Protection Act and client data confidentiality requirements.
4. Keep up-to-date with general accounting practice.
5. Take responsibility for personal development, including attendance at relevant training courses
attended by non-tax team members on matters that impact indirect tax reporting and compliance (eg
S1 training for Management Accounts Team members).
6. Be flexible regarding working hours during busy periods in order to meet client/internal deadlines.
7. Flexible to take responsibility for other work to support team delivery and client satisfaction as required.
8. Assist in identifying and, once approved, implementing process and service improvements.
Skills, Knowledge & Experience
1. Have a a strong understanding of double entry bookkeeping,
including debits, credits, accruals, prepayments, assets and liabilities.
2. Complete understanding of trial balances, individual accounts, gross and net values, profit &
loss accounts, balance sheets, accounting periods, transaction and posting dates.
3. Experience in indirect tax compliance management and delivery in India and internationally
4. Navigation and use of accounting systems for the purpose of production of reports required for
indirect tax purposes.
5. An understanding of the processes surrounding supplier invoices including scanning, checking,
VAT, analysis, approval, posting, payment & filing.
6. An understanding of indirect tax place of supply rules for services and for goods and how those rules
can impact whether or not tax is chargeable on a supply and if so in which jurisdiction.
7. Experience of managing a busy workload with conflicting deadlines and milestones to be delivered at
specific times.
8. Experience of managing a developing team across multiple geographical locations and ensuring the
development of each individual in the team.
9. Maintain awareness of changes in compliance processes in key jurisdictions to ensure company is aware
of how these changes impact the indirect tax reporting for its clients, and to incorporate any
necessary new processes to reflect these changes in local legislation.
General
1. A good level of understanding in the use of MS Word, Excel and Outlook is essential.
2. Good English communication skills (written & spoken) to the required standard (as defined by
HeroMindMine).
3. Knowledge of all relevant in-house administration systems (RTMS, HR.net, SEEK and Intranet).
4. Good organisational skills with a systematic approach to all work.
5. Able to plan workload and maintain flexibility within that plan individually and for the team.
Interested Candidates are requested to send us their resume on hr5@tasolutions.in or call us on 9779649490 . Also, you may please refer to your friends/colleagues. Wish you all the best