Head - Taxation - CA - BFSI

Job Purpose: (Briefly describe the general purpose of the position or its significance from the organisation's point of view and how it contributes to the overall mission/objective of the organization).

- To lead the Taxation Vertical ( Direct as well as Indirect tax) and key strategic initiatives w.r.t systems automation/process improvements across the group of companies and to ensure they are carried out efficiently, effectively and in compliance with the statutory and regulatory laws.

- Comments: Please detail and dotter / matrix reporting relationships

Principal Accountabilities: (List the responsibilities/duties associated with the job and the major activities associated with each responsibility. For each responsibility/duty listed, give the factors on which an individual's performance is judged).

Dimensions: (List the significant numerical data which will reflect the scope and scale of activities concerning this job).

Financial Dimensions: (These should be quantifiable numerical amounts like annual budgets, project costs, annual revenue, purchase value etc.).

Accountabilities:

- Responsible for Taxation ( both direct and indirect) related activities for the financial group of Co's.

- To ensure Regulatory Compliances - applicable provisions of the Companies/Income Tax Act, RBI, SEBI guidelines, accounting standards etc.

- To formulate and drive measures for Value Creation and Business Process Improvements

- Team development: Expertise & skills

Major Activities:

- Lead the corporate taxation department for direct as well as indirect cost for all group companies under the financial services.

- To introduce tax efficient processes.

- Vendors selection for outsourcing of routine transaction processing and overseeing vendors management.

- Assist in finalizing the financial guidance for the year/quarter .

- Getting the tax /Vat/Service tax audits/inspections done within the stipulated timelines for all co.'s under the financial services group.

- Adherence to relevant Acts and Statues

- Ensure timeliness and correctness in Tax,TDS, service and Vat returns Filing.

- Filing of Co's returns within the stipulated timelines.

- Attending tax related matters, filing appeals and ensuring taxes are paid as per the prevailing acts w.r.t. direct as well as indirect taxation.

- Providing guidance to the co's under financial services group on tax related matters

- Suggest measures for tax efficient processes

- Implementation of Key Strategic initiates SAP ERP covering IFRS compliances,

- Drive process improvements by introducing automation wherever possible.

- Acquire new talent as per requirement.

- Engage and retain talent

- Establish process orientation through SOPs which also provide adequate business understanding

Key Performance Indicators:

- Achievement of TAT

- Accuracy

- No. of tax efficient processes

- Cost Effectiveness

- Satisfactory audit rating from RBI, internal & statutory auditors

- Getting the tax assessments completed with no additional unforeseen liability.

- No. of tax efficient processes

- Go Live of strategic projects as per the agreed project plan.

- No. of new initiatives w.r.t to process automations.

- Team productivity

- Delivery of quality service and adherence to Project timelines, Team attrition

Other Dimensions: (Indication of some of the significant volumes associated with the job like number in team/ staff handled etc).

- Number of employees serviced:

- Department staff strength:

- Monthly volume of transactions:

Skills & Knowledge: (State the minimum acceptable proficiency for this job which best indicates the education and/or experience requirements of this job and not the incumbent).

Educational Qualifications:

- CA preferably first attempt qualified.

Functional Skills:

- Understanding of Financial Services Business

- Excellent knowledge of direct and indirect taxation.

- Knowledge of DTAA will be an added advantage.

- Flair for process improvements and automations.

Relevant and total years of Experience:

- 6-10 years of experience in handling the taxation department of a national/multinational financial institution.