Manager - Direct Tax - CA - BFSI/FMCG

- To participate in the design & development and lead the implementation of the country's taxation strategies, in line with the Global guidelines continuously enhancing the role in improving Business performance and competitiveness in the marketplace

- To proactively represent and champion Tax & other tax-related activities at all levels across all functions in fostering positive cross-functional working.

- To ensure compliance with local statutory legal requirements.

- Coordinate with the external and internal auditors, Govt. Authorities, Consultants

- To maintain a highly compliant culture through continuous review of the processes and engagements with key stakeholder

- To lead change projects throughout the organization

- Review Bangladesh Direct Tax & Transfer Pricing Compliance & improving ETR of Bangladesh

About this Job:

Accountabilities:

- To contribute to business performance enhancement through effective Tax planning and strategies which are alignment to overall business strategies

- To be overall responsible for the tax compliance of Direct Tax of all Indian entities in alignment with group standard

- To identify potential opportunities or issues in order to take advantage of or resolve them with key depts. in the organization & tax departments

- Profit monitoring, correct tax reporting (BFC), TP setting guidance, team management

- Plan and coordinate for periodic closing for Tax accounting and reporting purposes as per the reporting requirements- Both statutory and group requirements

- Manage Transfer pricing monitoring process, TP documentation review & True up/down operations

- Ensure effective and sustainable implementation of ICF/SoX Controls compliance & SoD Controls related to Tax.

- Drive tax risk awareness to secure compliance of IC Agreements,

- Coordinate with the tax auditors (Tax Audits, Transfer pricing etc) to make audit plan in consultation with various departments/ locations and ensure the audit is completed in time with no serious concerns.

- Managing routine direct tax matters like tax deducted at source, filing return of TDS, routine correspondence with tax department

- Generate and circulate quality MIS as per requirements for supporting the Business decisions and compliance adherence

- Ensure that all the tax-related accounting transactions are entered into the system to ensure real-time accounting and set up effective documentation system for maintaining the effective working papers relating to tax, Tax assessments etc. and as well visualize and plan the tax assessment requirements and for appeals

- To resolve major operational issues in a timely way and identify improvements, including initiation and management of issues.

- Support Group Tax in Tax Optimization Projects

- Ensure good documentation culture within the team with respect to Tax fillings, assessment/litigation records, Key Tax Position Papers etc.

- Coordination of 3rd party service providers (Tax Consultants / Auditors etc.) and service delivery management including performance KPIs

- Regular Monitoring of Bangladesh Direct Tax & TP Compliance

- Monitoring Bangladesh Tax Strategy & Action Plan to optimize ETR.

People Development:

- Develop and maintain the high level of Technical and financial compliance capability in the team and promote compliance culture through training and other relevant initiatives.

- Attract, develop and retain the right finance capabilities in the Finance function and manage employees effectively

Essential Knowledge & Experience:

- Minimum 8 years working experience in industry having turnover in excess of Rs 1500 crore in Taxation function

- Working in companies with complex manufacturing/supply/IP aspects

- Exposure on preparation of Tax Accounts, Tax Filling Process & Tax Audits

- Hands-on exposure of appearing before the IT authorities of the Dy commissioner / Commissioner rank, DRP etc appearing independently or in conjunction with Consultants before appellate authorities

- He/ She should have experience in handling appeals matter at various levels

- Operational Knowledge of SAP system.

- In-depth working knowledge of Direct Tax laws like Income Tax, Wealth Tax, etc including the operational regulations like OECD guidelines etc and reasonable working knowledge of Indirect Tax Laws

- Exposure of managing the IT/WT assets of medium and large organizations at various levels in the IT department

- Experience of handling MNC's Tax Reporting process & WoWs

- Exposure to working for managing the appeals including drafting/framing of Grounds of appeals, drafting of responses and working with consultants ( Working with Big 4 consultants is desirable)

- Excellent TP knowledge and working experience;

- Reasonable knowledge on provisions of Double Taxation Conventions, Regulatory formalities of Reserve Bank of India, Taxation of expatriate etc

- Knowledge of Functional Authority Limits (Local, Regional and Basel)

- Knowledge of Process Flowcharts and Risk Matrix

- Good Communication Skills (written/verbal)

Qualification:

- Qualification i.e. Chartered Accountant in India