Tax Compliance Specialist

Job Title: Tax Compliance Specialist

This role is responsible for managing tax and regulatory compliances, adapting the operating model to the tax and regulatory environment, and assisting in strategic decision-making.

The ideal candidate will be able to assess and improve operations, staying up-to-date with relevant global tax and statutory changes to boost tax efficiency and effectiveness.

• Prompt management of tax and regulatory compliances, adapting operating model to tax and regulatory environment and assisting in strategic decision making.
• Assessing and improving operations and staying abreast of relevant global tax & statutory changes with the aim of boosting Tax efficiency and effectiveness.
• Advising business to protect profitability on additional cost of doing business in domestic and cross-border markets.
• Monitoring tax governance and alignment on tax positions adopted by engagement teams, IFS, and finance teams.
• Managing relationships with tax consultants and IFS functions to ensure effective compliance on tax and regulatory positions and policies to minimize possibilities of litigation.
• Managing relationships with internal and external auditors to ensure effective completion of audit.
• Monitoring tax governing framework on tax assets realisation to avoid working capital lock-in and ensuring review of operations to avoid any tax leakage.
• Responsible for timely execution of tax and regulatory compliance with accuracy and quality.
• Ensuring adequacy of tax provision, ownership of tax accounts, and ensuring tax positions are followed.
• Ensuring effective tax assessments and litigation management by conducting due research on tax matters to ensure effective representation of the tax position adopted with detailed documentation within timelines.
• Ensuring timely closure of audit points with complete and accurate submission of schedules and documents.
• Ensuring timely response to engagement consultations and adequate safeguards in engagement documents from tax and regulatory perspectives. Ensuring engagement teams and other stakeholders understand tax impact and consider in business transactions.
• Ensuring application controls are inbuilt in financials and tertiary applications and regular review of the same to ensure effective controls. Regular review of exception reporting and undertaking corrective action.
• Ensuring effective maintenance of documentation with respect to compliance and assessments and timely update in reporting applications.
• Contributing to firm's strategic projects ensuring finance aspects are duly considered.
• Responsible for actions to mitigate tax and regulatory risks on firm policies and business model.
• Ensuring accurate tax and regulatory reporting highlighting exceptions and staying updated with changes in tax laws, evaluating impact on operations and business model and ensuring impact is factored in policies and cost of operations.
• Responsible for maintaining robust internal controls and regular review to prevent errors and fraud and ensure integrity of tax and regulatory reporting. Ensuring firm operations and policies are updated with latest tax and regulatory framework.
• Reporting agreed Process KPI and strengthening review mechanism. Ensuring timely compliance with governance on monthly reporting.
• Adhering to interdepartmental deliverables through Interlock documents.
• Responsible for meeting KQI and RCSA KPI and taking corrective actions for continuous improvement. Reviewing RCSA periodically under Risk Mitigation strategy and enhancing RCSA framework.
• Leading implementation of technological advancements of function with best-in-class automation practices to drive efficiency in overall finance processes impacting tax and regulatory compliances.],