Pramerica Life Insurance - Assistant Vice President - Taxation

Key Responsibilities:

1. Direct Taxation:

- Responsible for all direct tax compliances including TDS, FATCA/CRS, SFT reporting.

- Review tax positions and advise management on tax-efficient structures and transactions.

- Handle Income Tax assessments, scrutiny proceedings, notices and appeals.

- Manage tax audits and coordinate with statutory auditors and tax consultants.

- Monitor developments in tax laws and assess their impact on the insurance business.

2. Indirect Taxation (GST):

- Ensuring indirect tax compliances PAN India basis.

- Liaise with tax authorities and consultants on Service tax/GST-related matters.

- Advise business teams on indirect tax implications of new products, distribution models and digital initiatives.

3. Insurance Tax Advisory:

- Provide tax advisory support on:

1. Life insurance products and policyholder taxation and cross functional support.

2. Evaluate tax implications of regulatory changes issued by IRDAI, CBDT and GST authorities.

4. Litigation & Assessments:

- Manage tax notices, assessments, appeals and litigation matters related to Service tax/GST before various authorities and consultant management.

- Track contingent liabilities and maintain litigation MIS.

- Ensure closure of tax disputes and recovery of eligible refunds.

5. Audit Support & Governance:

- Responsible for audit/inspection related support to tax matters.

- Provide tax-related information for Board, Audit Committee and management reviews.

6. Risk Management & Governance:

- Establish robust tax governance frameworks and internal controls.

- Identify and mitigate tax risks across business processes.

7. Team Management:

- Lead and mentor the taxation team, ensuring capability development and succession planning.

Educational Qualification:

Experience:

- 10 years of post-qualification experience.

- Minimum 5 years in Financial Services, Insurance, Banking or BFSI sector.

- Strong exposure to both Direct and Indirect Taxation.

- Experience in handling assessments, audits, litigation and regulatory interactions.

- Prior team management experience preferred.