Senior Tax Compliance Specialist

Job Title: Senior Tax Compliance Specialist

A highly skilled tax compliance specialist sought to join a dynamic team in the field of tax planning, risk management, and regulatory compliance. The ideal candidate will possess excellent analytical skills, strong communication abilities, and a deep understanding of tax laws and regulations.

Tax Function Overview

The Tax Function strives to support the organization's objectives by adding value through tax planning, preserving value by reducing tax risks, and enhancing value by finding opportunities. We achieve this by promptly managing tax and regulatory compliances, adapting our operating model to the tax and regulatory environment, and assisting in strategic decision making.

We regularly assess and improve operations and stay abreast of relevant global tax & statutory changes with the aim of boosting tax efficiency and effectiveness.

Influencing Stakeholders

We advise business stakeholders to protect profitability on additional costs of doing business in domestic and cross-border markets. We ensure the monitoring of tax governance and alignment on tax positions adopted by engagement teams, Internal Financial Services (IFS), and finance teams.

We manage relationships with tax consultants and IFS functions to ensure effective compliance on tax and regulatory positions and policies to minimize possibilities of litigation. We also manage relationships with internal and external auditors to ensure effective completion of audit.

Our Key Performance Indicators (KPIs) include:

• Monitoring tax governing framework on tax assets realization to avoid working capital lock-in and ensure review of operations to avoid any tax leakage.
• Timely execution of Tax and regulatory compliance with accuracy and quality.
• Adequacy of Tax provision, ownership of Tax accounts & ensuring tax positions are followed.
• Effective tax assessments & litigation management by conducting due research on tax matters to ensure effective representation of the tax position adopted with detailed documentation within timelines.
• Timely closure of audit points with complete and accurate submission of schedules and documents.
• Timely response to engagement consultation and adequate safeguard in engagement documents from tax and regulatory perspectives. Ensure engagement teams and other stakeholders understand the tax impact and consider it in business transactions.
• 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.
• Effective maintenance of documentation with respect to compliance and assessments and timely update in reporting applications.
• Effective contribution to firm's strategic projects ensuring finance aspects are duly considered.
• Actions to mitigate tax and regulatory risks on firm policies and business model.
• Accurate tax and regulatory reporting highlighting exceptions, and staying updated with changes in tax laws, evaluate the impact on operations and business model and ensure the impact is factored in policies and cost of operations.
• Maintaining robust internal controls and regular review to prevent errors and fraud and ensure integrity of tax and regulatory reporting. Ensure firm operations and policies are updated with latest tax and regulatory framework.
• Reporting agreed Process KPI, strengthen review mechanism. Ensure timely compliance with governance on monthly reporting.
• Adherence to interdepartmental deliverables through Interlock documents.
• Responsible for meeting KQI and RCSA KPI and taking corrective actions for continuous improvement. Review RCSA periodically under Risk Mitigation strategy and enhance RCSA framework.

We also drive Tax Efficiency Evolution Initiative through best-in-class automation practices to boost overall finance processes impacting tax and regulatory compliances.

We believe in Demonstrating People Leadership, focusing on:

• Team Management: Supervising and managing a team, including their performance, productivity, and adherence to Standard Operating Procedures (SOP).
• Performance Monitoring: Maintaining and evaluating individual and team performance metrics. Ensuring fair and equitable measurement of performance.
• Coaching and Training: Providing constant coaching, monitoring, and training to enhance team members' futuristic skill sets, knowledge, and perform regulatory and technical training for the team.
• Quality Assurance: Maintaining quality standards and conducting frequent quality checks to identify areas of improvement and take corrective actions on feedback.
• Timely recognition of efforts made by individuals to enhance motivation.

Qualifications

Certified Accountant (CA)

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