The employee will assist the SMT - Finance & Accounts to ensure overall tax compliance with robust processes and control around Direct/Indirect tax compliances applicable to the Company at the national level.

Key contribution area:

Direct and Indirect Tax Compliance:

- Timely and accurate payment of taxes

- Timely and accurate filing of Direct and Indirect returns

- Manage tax litigation for the Company in Direct and Indirect taxes with complete audit trail.

- Manage Taxation accounting, tax computation and various statutory audits.

- Optimize tax cost for the Company with no leakages.

Business Process Re-engineering - Tax Compliance:

- To facilitate the rollout of process excellence initiative with focus on Business process reengineering/Process transformation by developing process modeling (to-be state) and measurement system for various tax related compliances

- Drive process standardization for the organization with an objective of optimizing Tax compliance process across organization

- Understand business need with ground level issues - regulatory/productivity improvements etc.

- Establishing of Tax compliance process workflow with the help of functional SMEs across organization

- Capture process, procedure level deviations and ensure periodic reporting of gap in various tax compliances

- Govern the new tax process rollouts/system implementation and its approval across Operations and Systems

- Deploy effective metrics/KPIs to measure the effectiveness of the tax processes including their operational definitions and reporting frequency

- Review and mentor the various improvement projects for effective tax compliances and reporting

Managing Financial Risk and Controls around tax compliance:

- Maintain the Risk Management framework and supporting policies and procedures for various tax related process and compliances.

- Maintain the repository of RCSA/IFC/tax notices tracker/tax refund receivables/tax control reports.

- Ensure robust and effective documentations to support various tax compliances to eliminate risk of tax notices/demand/interest penalty due to short deduction of TDS/GST input loss/ Incorrect FATCA/PAN declaration by Policyholder/distributors/Vendors.

- Monitor tax related information submitted by Policyholders/distributors/Vendors and publishing periodic MIS of non-compliant parties

Internal Coordination:

- Excellent in follow up/co-ordination with Sales, Finance, compliances, Operations for various tax related process and compliances.

- Close coordination with IT to ensure filling gaps in tax related controls and driving tax automation

Skills Required:

Technical:

- Knowledge of Direct/Indirect tax laws applicable from time to time

Tax Process and Technology:

- Should be able to understand various business process around tax and drive process excellence and tax technology in close coordination with IT.