Senior Manager, Tax

About Altisource

Altisource Portfolio Solutions provides services focused on high value, knowledge-based functions principally related to real estate and mortgage portfolio management, asset recovery and customer relationship management. Utilizing integrated technology that includes decision models and behavioral-based scripting engines, we provide solutions that improve our clients- performance and maximize their returns.

Altisource improves the performance and profitability of its clients by leveraging a global workforce, integrated technologies and decision models.

Altisource has three primary business segments including:

Mortgage Services

- Default Management: A full range of solutions to manage defaulted loans from valuation and back-office administrative support to processing short sale and deed-in-lieu transactions.

- REO Asset Management: End-to-end real estate management solutions available through a single vendor platform that maximize net proceeds and reduce REO sales timelines.

- REO Sales: A national real estate brokerage featuring a combination of traditional and online bidding sales strategies to provide maximum exposure to properties.

- Settlement Services: Closing, escrow and title insurance solutions to efficiently close REO, new home purchases and home refinance transactions.

- Origination: Custom solutions from appraisals to fulfillment to meet each client's unique needs and fluctuating volume requirements.

Financial Services

- Nationwide Credit, Inc: One of the largest asset recovery and customer relationship management agencies in the country providing contingency collections, legal management, customer relationship management and charge-off mortgage collections.

Technology Services

- A full suite of enterprise technologies to enable vendor and order management, commercial and residential real estate servicing, homeowner retention, document management, invoice presentment and payment and more.

What does it mean to work for Altisource-

At Altisource, we strive to create an environment that

- provides the best and brightest people as colleagues in an extremely positive, high energy and collaborative environment

- encourages meritocracy and provides career opportunities within the organization

- rewards high performance, provides a challenging career path to meet individual aspirations

- provides learning opportunities through focused developmental programs

Responsibilities will include:

- Remittance of Advance taxes and preparation/review of Quarterly Tax Provision and DTA

- Prompt response to various notices received from tax office with regard to assessments on Direct taxes/ Transfer Pricing matters

- File Half-yearly service tax refund claims after audit and handle refund assessments

- Preparation/Review of annual corporate tax returns

- Seamless coordination with accounting and legal teams to frame agreements and implement tax efficient accounting methodology

- Monitor SEZ/STPI matters impacting tax benefits

- Obtain Service tax exemption approvals from SEZ/Service tax authorities for SEZ operations.

- Ensure filing of all returns and remittances under purview of Direct and Indirect Taxes

Key Result Areas [KRAs]

- Ensure full and timely compliance for the India legal entity on Corporate tax return, STPI, Customs, SEZ, withholding taxes, VAT, Service Tax, PF, PT and other applicable statutory and regulatory stipulations including periodic returns and filings under these legislations

- Maintain a tracker for capturing compliances under applicable statutory and regulatory stipulations

- Assist in timely and accurate accounting and compilation of accounts, records and statements.

- Contribute effectively to the monthly close process by completing tasks within deadlines.

- Provide timely information, reports, statements and analysis to management and internal and external auditors.

- Ensure completion of balance sheet and income statement account reconciliations.

- Establish proper records, approvals, documentation and audit trails for all transactions.

Requirements

- Chartered accountant with 9 - 10 years post qualification experience.

- Should have good knowledge in tax function - Direct taxes, Indirect taxes and Transfer Pricing

- Should oversee all the statutory compliances of the company and ensure timely filings. Good knowledge in STPI/SEZ regulations and practical experience of handling STPI/SEZ compliances and operational procedures including imports and movement/transfers of capex.

- Should have understanding on tax implications and issues with a tax holiday unit and advise the BU or other stakeholders on various operational issues to ring-fence the tax benefits.

- Working knowledge on withholding taxes issues and global procurement models.

- Experience of handling Sales tax and Service tax audits, well versed with Octroi/LBT provisions and other local laws of Karnataka/Maharashtra/Goa.

- Experience in handling Service tax refund claims, handling related assessments and achieved successful refunds.

- Should have experience in dealing with Transfer Pricing assessments at various levels of assessing authorities.

- Should be aware of FEMA regulations for cash repatriations and should be willing to participate in projects and research for organization expansion or restructuring.

- Should have proven skills on team management, effective communication and capabilities of managing all consultants for timely inputs.

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