Sr. Analyst

COMPANY OVERVIEW

Headquartered in Tokyo, SMBC is one of the largest Japanese banks by assets (with over 238,700 billion in total assets), with strong credit ratings across the globe. The bank offers personal, corporate and investment banking services to their customer network that extends across 39 countries and regions, 15 of which are in Asia. The Asia-Pacific regional headquarter, established in 2008, is based in Singapore. The bank’s presence in India was established in New Delhi in December 2012, in Mumbai in March 2017 and Chennai in November 2020. In India, SMBC concentrates on Wholesale Banking with a strong client base and coverage of global and local conglomerates and corporates. Its strong financials and worldwide operations provide clients with global solutions that makes SMBC the leading choice for businesses expanding around the globe, particularly in Asia.

OUR VALUES

Integrity | Customer First | Proactive & Innovative | Speed & Quality | Team“SMBC Group”

URL: www.smbc.co.jp/global/ and www.smbc.co.jp/asia/

JOB DESCRIPTION

Purpose of the position

The incumbent is responsible for various tax compliances and reporting for FAD team including routine tax compliances like WHT/ GST tax payments, returns etc, transfer pricing filings/ documentation, liasoning with tax office/ consultants, assisting in tax assessments etc.

Scope and Dimension

• Assist with Direct and Indirect tax compliances including WHT payments, GST payments, monthly/ annual returns, assessments etc.
• Ensure on reporting including HO reports, audits etc and other daily control activities
• Assist with preparation of Financial Statements and liaison with auditors for completion of Audits.
• Ensure on other activities like interaction with consultant, certifications etc

Job Responsibilities

• Maintain proper documentation and ensure all GST related compliances.
• Review of GST returns and ensure timely submissions
• Review and issuance of GST invoices on monthly basis
• Supervise and be responsible for Middleware & ASP functionalities for GST
• Handle compliances related to TDS including review of transactions for applicable rates, monthly payments and return filings.
• Co-ordinate internally, consultants and with Tax office for all tax related matters.
• Assist on preparation and analysis of JGAAP and Local GAAP financial statements on a periodic basis.
• To assist on IND-AS conversion and preparation of Financial Statements.
• To assist in ensuring timely and accurate preparation of HO reports and get reviewed to ensure timely submission of reports to HO.
• Assist team with other tax compliances including transfer pricing, handling tax assessments etc.
• Coordinating with Statutory auditors, arranging for requisite information and assisting in preparation of financial statements.
• Assist with other activities for the Financial Accounting team, including management of daily controls.
• Review existing processes and policies for betterment
• Maintaining strong risk management culture

Experience & Qualifications

(a) Knowledge –Indian tax laws and accounting principles

(b) Skills – Strong Communication and analytical skills

(c) Experience – Minimum 2-3 years post qualification experience, with good exposure to direct and Indirect tax. Experience of working with Bank would be preferred.

(d) Qualifications - CA and/or higher equivalent qualification in Accounting / Taxation.