Senior Associate Indirect Tax

Job Description

Experience

School Degree

Description

Senior Associate -Indirect TaxLocation: MumbaiSalary: 2.4 t0 3.6 lacsGender: AnyExperience: 3-5 years of experience in indirect TaxationQualification: B.com/M.com/MBA/CA inter

An Indirect Tax team Senior Associate, is responsible for working with other teams, predominantly Management Accounts Team and the UK based Indirect Tax team, to ensure correct recording of all information and data required to produce accurate and timely indirect tax returns and other indirect tax

reports, including reconciliations of VAT accounts when required. Production of Indirect Tax returns for review by line manager. To support all other activities of the Indirect Tax team and help deliver the company s indirect tax compliance services to both their external and internal clients.

Key accountabilities

1. Be aware of all service deliverables for the assigned clients.

2. Work closely with relevant team members to review and validate:

Intercompany revenue invoices and/or third party sales invoices

Client supplier invoices.

Client employee expenses.

Review pre and post period end journal entries.

Update period end working papers in accordance with agreed procedures.

Payments and receipts of indirect taxes following filing of indirect tax returns.

3. Assist in the review and reconciliation of indirect tax accounts, liaising with other teams as required.

4. Gather relevant information, review data and provide advice to other teams on any adjustments in

relation to client s indirect taxes.

5. Preparation of more complex draft indirect tax returns for multiple clients operating in multiple

countries.

6. Preparation of documents and files necessary to support more complex draft indirect tax returns, in

accordance with team policies and procedures.

7. Review of key documents (e.g. client supplier invoices) to ensure documents meet specific indirect tax compliance standards.8. Provide complete Indirect Tax return packages for review and sign off by UK based Indirect Tax

team for more complex or larger clients and assist UK team in the sign off of those returns for

submission to the relevant Tax Authority.

9. Assist with the review and approval of simple or straightforward indirect tax returns for clients.

10. Maintain files and all documents required to support indirect tax returns filed with Tax Authorities, in

accordance with team policies and procedures and to support client in any subsequent Tax

Authority audit that may arise.

11. Provide assistance as required to support client response to any Tax Authority audit of client s

indirect tax returns as and when they arise.

12. Ensure all required training and development programs are attended.

13. Awareness of and adherence to agreed quality standards and team policies and procedure.

14. Strictly maintain and adhere to the Data Protection Act and client data confidentiality requirements.

15. Keep up-to-date with general accounting practice.

16. Take responsibility for personal development, including attendance at relevant training courses

attended by non-tax team members on matters that impact indirect tax reporting and compliance

17. Be flexible regarding working hours during busy periods in order to meet client/internal deadlines.

18. Flexible to take responsibility for other work to support team delivery and client satisfaction as

required.

19. Assist in identifying and, once approved, implementing process and service improvements.

20. Assist AM and Manager in managing the VAT compliance trackers

Skills, Knowledge & Experience

1. Have a strong understanding of double entry bookkeeping, preferably to a minimum standard of

AAT level 2, including debits, credits, accruals, prepayments, assets and liabilities.

2. Complete understanding of trial balances, individual accounts, gross and net values, profit & loss

accounts, balance sheets, accounting periods, transaction and posting dates.

3. B.com/M.com/MBA/CA inter with 3-5 years of experience in indirect Taxation

4. Preferred functional domain technical knowledge for indirect taxes (although not essential for this

role as training will be given). See competency framework for more detailed definition.

5. Navigation and use of accounting systems for the purpose of production of reports required for

indirect tax purposes.

6. An understanding of the processes surrounding supplier invoices including scanning, checking, VAT, analysis, approval, posting, payment & filing.

A working knowledge of employee expenses including receipt, approval, analysis, supporting

documentation, client policy, posting, payment & filing

8. A good level of understanding in the use of MS Word, Excel and Outlook is essential.

9. Good English communication skills (written & spoken) to the required standard (as defined by

HeroMindMine).

10. Knowledge of all relevant in-house administration systems (RTMS, HR.net, SEEK and Intranet).

11. Good organizational skills with a systematic approach to all work.

12. Able to plan workload and maintain flexibility within that plan.

Education:
UG: B.Com - Commerce
PG: MBA/PGDM - Marketing, M.Com - Commerce, CA - Any Specialization
 
 
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