Manager - Tax Information Reporting - BFSI

Job Description :

Manager - Tax Information Reporting

Description :

General Summary :

Responsible for in-scope processes related to one or multiple lines of business within the centralized Tax Information Reporting function in FRO. This position supports the reduction/elimination of franchise & regulatory risk through accurate and timely reporting and enhanced due diligence on customer accounts.

- The incumbent is expected to migrate information reporting work from various sub-units within the Business Line into FRO; this process includes training and job shadowing, building documentation such as procedures and process flows, and identify gaps in the process based on IRS regulations.

- In addition, the incumbent will support a specific business vertical and is expected to develop and enhance their product knowledge within a short timeframe.

This position will work in a team-oriented environment.

The key objectives and result areas are as follows :

- Act as a tax/information reporting specialist to execute the FATCA advisory/rollout, Systems conversions/rollouts

- Executes the tax information reporting processes applicable to products issued by businesses

- Migration of work into our centralized hub

- Develop Go To processes and implement appropriate procedures/ controls to ensure consistent compliance with Information Reporting & FATCA requirements

- Support FRO's Service Delivery/Engagement model with client constituency and other key stakeholders

- Idenfity and participate in process reengineering and redesign to achieve better controls, compliance and efficiency

- Support audits with IRS and Internal Audit (IA), and any other special audits

- Participate in self-assessment testing, MCA, SOX controls as well as any audits with IRS or IA.

- Ensure tight controls over owned processes to include key controls and Continuity of Business

- Review, validate and process W-8 and W-9 tax forms and related documentation according to IRS Chapter 3, chapter 61, Section 3406 and FATCA regulations

- Support Technology projects from a technical tax perspective

- Contribute towards departmental requirement to adhere to strict regulatory and compliance requirements, per IRS and policy

- Perform reviews of written tax policy and procedures, research and respond to inquiries from operational areas

Qualifications :

Desired Skill Set :

- Basic Understanding of U.S. tax information rules applicable to U.S. Persons and non-U.S. Persons

- Basic Understanding and working knowledge of IRS Forms W-9 and W-8 and their associated requirements; Forms 1098, 1099 series, and 1042-S; Forms 945 and 1042

- Excellent communication skills to drive engagement and close interactions with key stakeholders. Advisory services for both internal and external clients

- Liason with Corporate Tax for complex tax advisory inquiries and policy requirements

- Ability to examine processes and procedures, experience with Process Re-engineering, Re-design and Process Automation is preferred

- Ability to act as a change agent for organizational and product transformational initiatives

- Project Management experience preferred and strong organizational skills a must

- Well-versed in standard desktop technology with advanced Excel skills

- Visio and Access experience preferred

- Ability to interact with all levels of internal customers and senior management

Functional Knowledge :

Education Level: Bachelor's Degree/Master's CPA or an equivalent Tax qualification preferred

Experience : Bitmap 6 - 10 years

- Bank/Financial Institutions knowledge: products, services, IRS regulations, Tax Operations

US only - Does the job require the consistent exercise of discretion and judgment with respect to scientific, specialized or academic work- Please provide examples.

- YES - CPA &/or MBA (Finance/Accounting) or equivalent Tax qualification

US only Does the job require knowledge acquired in obtaining a degree-

- YES

Office Location / Address: NKP, B6, Goregaon East