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Position Title | Manager-Finance & Account (Tax Process excellence and Control) |
Department | Finance & Accounts |
Level/ Band | Assistant Manager/Manager |
Role Summary:
The incumbent will assist Head of Taxation- Finance & Accounts to ensure robust processes and control around Direct/Indirect tax compliances applicable to the Company at the national level.
Organizational Relationships
Reports toDirect | Head- Taxation |
Matrix | |
Supervises | Executive/Outsourced support staff |
Job Dimensions
Geographic Area Covered | Pan India |
StakeholdersInternal | Policy servicing, Compliance, Agency Sales, Distribution Operations, Information Technology, Sales and Marketing |
Finance & Accounts i.e. Payable, Treasury. Ops Accounting, Operations etc | |
Legal and Compliance | |
External | Tax Consultants, Vendors |
Key Result Areas
Organization process | Key contribution area |
Business Process Re-engineering - Tax Compliance | -Assist in rollout of process excellence initiative with focus on Business process reengineering/Process transformation by developing process modeling (to-be state) and measurement system for various tax related compliances -Drive process standardization for the organization with an objective of optimizing Tax compliance process across organization -Understand business need with ground level issues - regulatory/productivity improvements etc. -Establishing of Tax compliance process workflow with the help of functional SMEs across organization -Capture process, procedure level deviations and ensure periodic reporting of gap in various tax compliances -Govern the new tax process rollouts/system implementation and its approval acrossOperations and Systems -Maintain effective metrics/KPIs to measure the effectiveness of the tax processes including their operational definitions and reporting frequency -Assist in various improvement projects for effective tax compliances and reporting |
Managing Financial Risk and Controls around tax compliance | -Assist in maintaining the Risk Management framework and supporting policies and procedures for various tax related process and compliances. -Maintain the repository of RCSA/IFC/tax notices tracker/tax refund receivables/tax control reports. -Maintain robust and effective documentations to support various tax compliances to eliminate risk of tax notices/demand/interest penalty due to short deduction of TDS/GST input loss/ Incorrect FATCA/PAN declaration by Policyholder/distributors/Vendors. -Monitor tax related information submitted by Policyholders/distributors/Vendors and publishing periodic MIS of non-compliant parties |
Internal Coordination | -Excellent in follow up/co-ordination with Sales, Finance, compliances, Operations for various tax related process and compliances. -Close coordination with IT to ensure filling gaps in tax related controls and driving tax automation |
Competency
Skills Required
Technical | -Knowledge of Direct/Indirect tax laws applicable from time to time -Proficiency in SAP, Power BI, Advance Excel and MS power point. |
Tax Process and Technology | -Should be able to understand various business process around tax and drive process excellence and tax technology in close coordination with business/IT. |
Behavioral . | Desired | Essential |
Interpersonal skills | ||
Communication skills | ||
Creative thinking skills | ||
Supervising/Leadership skills | ||
Teamwork Skills | ||
Influencing skills | ||
Relationship Building skills | ||
Decision making skills |
Incumbent Characteristics (Please review)
Essential | Desired | |
Qualification | CA/CFA/MBA | -Certification/degree in insurance/BFSI processes, Business workflow -Six Sigma Black / Green Belt certified -BFSI / BPO vertical -Risk Management |
Experience | 2 + years of work Experience in Tax Process and Technology | -Data Analytic -Knowledge of AI ( MS Co-pilot) |
ata AIA Life Insurance Company Limited (Tata AIA Life Insurance) is a joint venture company, formed by Tata Sons Pvt. Ltd. and AIA Group Ltd. (AIA). Tata AIA Life Insurance combines Tata’s preeminent leadership position in India and AIA’s presence as the largest, independent listed pan-Asian life insurance group in the world spanning 18 markets in the Asia Pacific region. Tata AIA Life Insurance is also one of the leading insurers in the Indian private sector.
Job ID: 142473243
