Loco - Assistant Manager - Direct Taxation & Corporate Income tax

Loco is looking for an Assistant Manager, Tax to join the finance team.

About Us:

At Loco, were revolutionizing gaming entertainment, breaking down barriers to make it accessible and thrilling for users from every corner of the globe. As Indias largest and fastest growing game streaming platform, Loco is the epicenter where the gaming community unites to watch, celebrate, and thrive. Whether its tuning into live streams from Indias top gamers and esports teams or seeing aspiring streamers rise to fame, Loco is where it all happens. With blockbuster titles like BGMI, Call of Duty Mobile, Valorant, and GTA 5, weve captivated over 50 million registered users and set records with some of the countrys most-watched gaming streams over the past five year.

In March 2022, Loco raised the largest Series A round in Indian gaming when it raised $42 million from Hashed, Makers Fund, Catamaran, KIP among others. In June 2021, Loco raised a $9mn seed round, which was a top 10 seed round of all time in India at the time, led by Krafton and Lumikai. As part of our growth plan, we will now be scaling the app to multiple markets, which will bring a completely new dimension to the scale we have already achieved. We encourage you to join us in the challenge and excitement of delivering a world-class experience to a whole new audience, developing cutting-edge interactive features that stand out in a crowded market, and ensuring lightning-fast rollouts across the globe. At Loco, your engineering talent will be at the forefront of redefining the future of gaming entertainment on a global scale.

Position Overview:

We are looking for a highly motivated and detail-oriented Assistant Manager - Taxation, to join our growing startup. In this role, you will help prepare and file accurate corporate income tax returns, manage advance tax liabilities, analyze business decisions, and recommend mitigation strategies to minimize tax burden and optimize tax position.

Key Responsibilities:

Tax Compliance:

- Prepare and file accurate corporate income tax returns, manage advance tax liabilities, supervise withholding tax returns (TDS/TCS), and guarantee timely tax deposit of taxes, ensuring compliance with direct tax provisions, and keep meticulous tax records to support all filings and assessments.

- Manage default summaries of TDS/TCS. Tracking and Timely response for the tax notices.

Tax Audits and Scrutiny Assessments & Appeals:

- Manage tax audits, prepare data, analyze tax assessments, and collaborate with tax consultants and legal counsel on tax audit and litigation matters.

Tax Planning and Risk Management:

- The risk management process involves identifying potential tax risks, implementing tax planning strategies, analyzing business decisions, and recommending mitigation strategies to minimize tax burden and optimize tax position.

Tax Research and Analysis:

- Stay updated on changes in tax laws and regulations; analyze their impact on the business; advise management accordingly; conduct thorough research on specific tax issues; and prepare memos and updates on significant developments.

Reporting and Documentation:

- Preparing and maintaining accurate tax records and ensuring proper documentation for all tax-related data and assisting in the reconciliation of tax accounts in accordance with accounting standards.

Process Improvement:

- Draft SOPs and help streamline processes to make the organization's tax processes more efficient, accurate, and compliant.

Required Skills & Qualifications:

- We require a bachelor's or master's degree in accounting or an equivalent field, with a preference for CA and strong experience in tax compliance.

-The ideal candidate should have 2-4 years of post-qualification work experience, preferably in a fast-growing company or startup organization.

- Experience working directly with external consultants and/or exposure to the tax laws of India, Singapore, UAE and Brazil will be an added advantage.

- Excellent verbal and written communication skills

- Ability to work independently and manage sensitive information confidentially

- Advanced MS Office skills, especially Excel and word

- Organized and detail-oriented, with the ability to manage multiple priorities in a fast-paced environment

- Flexible and adaptable to the changing needs of a startup environment.