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DWS Group

Financial and Regulatory Reporting Specialist

Early Applicant
  • a month ago
  • Be among the first 50 applicants

Job Description

  • Preparation 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 advance tax, tax provisions & contingent Liability.
  • Supporting local GAAP audits w.r.t. tax provisions & assets/liabilities
  • Balance-sheet substantiation of Tax related assets and liabilities,
  • Generating various MIS required for review of tax compliance / variances in tax reporting.
Advance tax compliance:
  • Compute Advance Tax payable based on relevant inputs related to P&L / BS from Finance LECs team and other relevant teams,
  • Walk through of such workings with Group tax and others before tax payments.
Tax audit (TAR):
  • Preparation of Tax Audit Report in Form 3CA-3CD and ensuring timely closure with appropriate coordination with Tax auditors,
  • Ensure timely and accurate compilation of tax audit report in Form 3CA-3CD for all entities under charge.
Transfer Pricing (TP) & Country by Country Reporting (CbCR):
  • Transfer pricing audit 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 for all entities under charge.
Return of Income (ROI):
  • Preparation of computation of tax,
  • Liaising with Group Tax and other relevant functions for review and submissions of returns,
  • Upload the e-forms on Income Tax portal.
Assessments / appeals / enquiries by IRS (Income-tax, TP, Service Tax / GST):
  • Preparation of data / details / documents for filing with Tax Authorities in time bounded manner and post internal reviews as and when the proceedings are initiated by Corporate Tax, Transfer Pricing, GST, Service Tax authorities,
  • Prepare the draft submissions and run pass the same through Group Tax,
  • Liaising with Group Tax / Finance and other relevant functions for review of the submissions and facilitate closure.
GST:
  • All GST compliances and submissions in timely & accurate manner,
  • Computation of GST payable under Reverse Charge mechanism for group accruals including application of valuation rules,
  • Collating details from all concerned, calculating monthly GST liability at entity level & getting it reviewed before final payment,
  • Preparing challans for tax payment and timely payments,
  • Monthly GST payments and coordinating with various stakeholders for final GSTR1 and GSTR3B to be filed,
  • Preparing GST annual returns & coordinating for GST audit. Liaising with auditors, group tax and tax consultants for GST compliances,
  • Registering new/ additional services with the GST authorities, updating change in Board members of GST portal and ensuring all details on GST portal are updated from time to time,
  • Appearance before tax authorities as and when required,
  • Preparing first cut appeals, getting the details reviewed from Group Tax and other relevant functions.
Controls & 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 prepared for accurate submissions,
  • Drive process changes & innovations to be more efficient, coordinating with internal TSG teams to provide walkthrough and eventually automating the manual processes,
  • Preparation of KOPs/SOPs and ensuring that they are updated from time to time,
  • 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.
Your skills and experience
  • 8+ years working experience of handling tax compliances, both Direct and Indirect Tax (preferably in Taxation teams of banks, investment banks or professional accounting / audit firms or in a similar capacity in a BPO / KPO center),
  • Thorough Knowledge on Direct and Indirect Taxation Compliance requirements,
  • Specific knowledge on Income Tax computation for Banks, NBFC business, GST / Service Tax regulations,
  • Experience in handling and collating information for Tax Audit, Transfer Pricing Audit and GST 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.
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,
  • Diligent, thorough, shows initiative and is proactive.

More Info

Industry:Other

Job Type:Permanent Job

Skills Required

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Date Posted: 09/10/2024

Job ID: 95706145

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