Senior Consultant at Indusion Consulting Services Pvt. Ltd
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Finance & Accounts Role - Bank (3-8 yrs)
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)
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