Bajaj Allianz - Manager - Taxation - CA

Role Title : Manager

Grade : L2A

Reports To AVP : Taxation

Company : Bajaj Allianz Life Insurance Company Limited

Function/ Department : Finance

JOB PURPOSE :

- Comply with provision of direct and indirect tax, especially with regard to GST.

- Computation of tax liability, timely payment, filing of returns and furnishing information for the purpose of assessments or other scrutiny by tax authorities.

- Implementation of new changes around GST.

- Maintenance and monitoring of system based computations for GST liability and credits.

- Reconciliation of input credits, cross charge, reversal against exempt supply of service.

- Manage litigation, respond to authorities, discussions with consultants and arrive at best course of action in interest of organization.

- Addressing queries from internal and external customers, related to tax on day to day issues.

- Interaction with tax consultants, life Insurance industry peers, on tax issues.

- Identifying potential areas of dispute with authorities and preparing for corrective action.

- Furnishing the information to auditors, management and other stakeholder.

PRINCIPAL ACCOUNTABILITIES :

Major Challenges :

- Frequent changes in tax provisions, and rules.

- Lack of clarification on various tax provisions.

- Different stands on issues by different insurance companies.

- Longer span for investigation and litigation.

- Volume of customers and locations being handled.

SKILLS AND KNOWLEDGE :

- Profound knowledge of direct tax and indirect tax (especially GST), Act, Rules and notifications.

- Awareness about the latest provisions of tax laws (especially GST).

- Experience in insurance industry/ financial services preferred.

Educational Qualifications

a) Qualifications

- Chartered Accountant.

b) Work Experience

- 4 - 6 years of total experience

- Exposure to GST implementation in last 1 year

- GST compliances. Understanding of systems and controls over large volumes

- Liasoning with authorities and consultants.

- Tax assessment, scrutiny or audit by tax authorities.

- Addressing the queries on tax

- Prefer Insurance/Big4/Financial service industry