Associate, Taxation, Finance

2 weeks ago


Mumbai Maharashtra, India DBS Bank Full time

Business Function
Finance aims to deliver world-class standards in reporting, financial planning and finance processes. We provide insights and analyses that help the bank make sound business decisions - whether in the areas of product development or customer profitability. We also provide capital management, business planning, forecasting, and tax and accounting advisory services.
Job Purpose
- This position will take responsibility assisting AVP Tax in managing Direct tax compliance, assessment, litigation and similar areas

Key Accountabilities
- Timely filing of Tax Audit reports/ Transfer Pricing Audit reports, Return of Income and other annual tax filing compliances
- Prepare tax computation of Bank and provide support in preparing computation of other group entities and related notes documentation.
- Monitor and Calculate Advance Tax for Bank and other group entities
- Manage the tax deliverables in the Statutory Audit of Bank
- Be responsible for data compilation for tax assessment, transfer pricing assessments etc
- Liaise with Business units / support units (Ops/HR/AP/Finance etc.) for Tax Audit/TP Audit related data
- Attend tax hearings and/or suitably represent Bank before the Tax authorities
- Respond to Tax authorities on different direct tax notices received by Bank
- Work on expeditiously getting tax refunds from tax departments
- Lead the Transfer Pricing Documentation process and guide Business Units in maintain the documentation,
- Advise Business Units on domestic and international tax implications of the new deals/propositions/ new products
- Advise/develop FAQs on withholding tax queries coming from accounts payable team on domestic and foreign payments
- Oversee AIR Recon, TDS return related filings, Lower Deduction certificates, No objection certificates etc.
- Liaise with Tax Consultants on various issues /advices/litigation to be taken on Direct Taxes.
- Assisting on other tax matters viz. GST, Service tax etc on need basis
- Actively participating in automation/ initiatives which result from changes in process or changes in environment in the tax domain.
- Roll out internal tax updates on external developments

Experience
- Knowledge of law and practice of Direct tax (knowledge of GST will be an added advantage)
- Working knowledge of the overall banking environment and products and applicable regulations
- Relevant experience of 3 to 7 years or more

Education / Preferred Qualifications
- Chartered Accountants

Core Competencies
- Working knowledge of Taxation.
- Proficient in effective communication (written & oral) with management, staff and external authorities

Technical Competencies
- Expert & updated knowledge in law and practice of direct Tax

Work Relationship
- Strong working relationship with all units.
- Interaction with Group Tax personnel, Big 4 Teams

We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.


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