Finance & Accounts Role - Bank

We are looking for a person in Finance & Accounts for a well-established MNC Bank. The position will be based at Mumbai.

JOB Profile :

Job Purpose :

- Ensure timely payment of taxes and expenditures at required intervals and timely filing of returns. Handle tax and account related audits and respond to related queries

Key Interfaces

Internal Interfaces:

- Banking Services, Risk Management, IT, Treasury, HR, Compliance, Operations, Internal Audit

External Interfaces:

- External Auditors, Tax Officials, External parties like tax consultants, lawyers etc.

Key Accountabilities :

Strategy and Plan

- Assist Head, Finance in develop a tax optimization strategy, considering its implications on the business.

- Advice Head, Finance on matters related to domestic taxation

- Conduct tax planning exercise for the bank; Estimate tax provisions

- Keep abreast with changes in applicable tax legislations and advice Head, Finance about its implication on the bank

- Supporting managers on periodic and timely submission of information requirements.

- Supporting the investment-decision from taxation aspects so as to minise impact of taxation.

Tax payment and Return Filings

- Ensure payment of direct taxes at required intervals and ensuring submission of legally required information to Government authorities

- Ensure payment of in-direct taxes at required intervals and ensuring submission of legally required information to Government authorities

- Ensure preparation of tax returns under various tax legislations and filing on time

Compliance

- Ensure statutory compliance with tax related laws and procedures through regular review and feedback

Tax Audits

- Manage and coordinate tax audits

- Respond to tax related queries from internal stakeholders as well as external stakeholders including government authorities

- Collect evidence in setting up proper defense during appeals

MIS

- Maintain all data related to report or taxes for the bank

- Generate data related MIS for Head, Finance

- Prepare expenditure related reports for the management as and when requested

External Liaison

- Liaison with tax officials, auditors, external parties like tax consultants, lawyers etc.

Ad-hoc Tasks

- Own and execute any ad-hoc tasks given by Head, Finance as and when required

Job Specification, Skills & Competencies

Education:

- Bachelor's degree in account or tax or any other equivalent course

- MBA in Finance preferred

Experience:

- Experience with accounting or tax preferably in a bank / financial institution

Skills & Competencies:

- Strong knowledge of Indian accounting and corporate tax compliance landscape

- Prior experience in tax strategy implementation, planning support and project management.

- Strong analytical capabilities

- Ability to work collaboratively with internal and external stakeholders

- Strong communication and negotiation skills with experience in influencing others

- Strong planning, organizing and execution ability

- Proficient in the application of office software

- Preferably proficient in the application of office software as well as Financial Management System (FMS)