SBI - Deputy Manager - Chartered Accountant

RECRUITMENT OF SPECIALIST CADRE OFFICERS ON REGULAR BASIS

ADVERTISEMENT NO: CRPD/ SCO/ 2021-22/ 21

ONLINE REGISTRATION OF APPLICATION & PAYMENT OF FEES: FROM 24.12.2021 TO 13.01.2022

State Bank of India invites Online application from Indian citizen for appointment to the following posts.

Candidates are requested to apply Online through the link given on Banks website https://bank.sbi/careers or https://www.sbi.co.in/careers

Candidates are advised to check Bank's website https://bank.sbi/careers or https://www.sbi.co.in/careers regularly for details and updates (including the list of shortlisted/ selected candidates). The Call Letter (letter/ advice), where required, will be sent by e-mail only (no hard copy will be sent).

Dy. Manager (Chartered Accountant)

Grade : MMGS-II

Age (years) Min, 25, Max. 35 As on 01.10.2021

Place of Posting - Mumbai

Educational Qualification/ Experience/ Specific Skills Required :

Education:

Chartered Accountant (preferably passed in one attempt)

Experience : Minimum 3 years post qualification experience (as on 01.10.2021) in Supervisory capacity in any Financial Institution/ Corporate/ Bank.

KRAs :

- Ensure timely preparation of Standalone accounts of SBI/ Consolidated Financial Statements of SBI Group in accordance with Accounting Stannards/ RBI Guidelines for SBI Group.

- Preparation of Final Consolidated Financial Statements as per Indian Accounting Standards (Ind AS).

- Implementation/ compliance of RBI/ GOI/ Income Tax/ GST guidelines and ensuring necessary system development in this regard.

- Timely filing of Preparation of various returns under Income Tax/ GST. Timely response and action on various notices issued by Direct/ Indirect Tax Departments. Generation of Tax related certificates centrally in a timely manner for all customers, vendors, employees and pensioners.

- Providing opinions / clarifications on tax/accounting related matters.

- Preparation of data as required by SEBI/ RBI/ Tax Authorities

- Knowledge of Internal Financial Controls Over Financial Statements (IFCoFR), implementation/ monitoring / improvement of IFCoFR in the Bank.

- Discussions & analysis with Banks auditors/ consultant regarding peculiar tax/ accounting matters.

- Analysis and preparation of documentation on amendments in direct/ Indirect tax legislation and their impact on the Bank. Proper implementation and compliance of such amendments in the Bank is also to be ensured through necessary system developments and circular instructions to branches/ offices.

- Timely Resolution of the TDS/ GST related customer complaints.

- Liaison with IT/ GST/ RBI/ ICAI for Tax/ GST/ Accounting/ IFCoFR and Financial Reporting issues.

- Creating awareness about TDS/ GST/ IFRS/ IFCoFR among branches and other offices.

Role, Responsibilities & Function/ Activity:

IND-AS:

- Conversion to Ind AS from IGAAP: Study Ind AS and its implication on the Bank

- Preparation of standalone financial statements in compliance with Ind AS

- Framing templates for Preparation of Ind AS compliant Consolidated financial statements (CFS) which includes subsidiaries, joint ventures and associates.

- Knowledge of Internal Financial Controls over Financial Statements (IFCoFR), implementation/ monitoring / improvement of IFCoFR in the Bank.

- Ensure RBI and other regulatory compliance, Accounting Standards and their implementation in the Bank for smooth migration to Ind AS.

DIRECT TAX -CORPORATE TAX:

- Preparation and filing of various customer related returns and revised returns such as Form 61, Statement of Financial Transactions, Form 15CC, Form 26QAA for Bank at the Corporate level. Handling of customer complains related thereto.

- Preparation of various tax direct returns and Forms and revised returns relating to the Bank such as Transfer Pricing Report, Tax Audit Report, 80LA certification, double taxation relief Form 67, Income Tax Return. Payment of taxes. Reconciliation of various TDS/ TCS claim with books of accounts and Form 26AS.

- Dealing with various notices/ assessment/ orders issued by Income Tax Department such as under various section of Income Tax Act. Handling tax litigation and taking necessary action.

- Monitoring of new notifications/ circulars issued by CBDT/ RBI, impact analysis and initiating necessary system changes in compliance of Income Tax Act.

- Liaison and follow-up with various Income Tax Authorities, Departments of the Bank, Consultants and counsel.

TDS:

- Preparation of Monthly TDS/ TCS Remittance for the Bank and reconciliation with BGL.

- Preparation and filing of various customer/ employees/ pensioner related TDS/ TCS return and revised returns such as Form 24Q, 26Q, 27Q, 15CA, 27QE, 15G/H, TRACEs default, justification report for bank as a whole at the Corporate level.

- Handling of customer complains related thereto.

- Dealing with various notices/ assessment/ orders issued by Income Tax Department under various section Income Tax Act. Handling tax litigation and taking necessary action.

- Reconciliation of various returns and books of accounts and TRACES default.

- Monitoring of new notifications/ circulars issued by CBDT/ RBI, impact analysis and initiating necessary system changes in compliance of Income Tax Act.

- Liaison and follow-up with various Income Tax Authorities, Departments of the Bank, Consultants and counsel.

- Making changes in various applications of streams for appropriate calculation of TDS/ TCS and reporting thereof.

GST:

- Computation of monthly GST liability of the Bank, reconciliation of GST with bank books of account, vetted from consultant and discharge of GST liability.

- Claim of Input Tax Credit after matching of purchase register and books of accounts also with

the GSTR 2A.

- Filling of returns (GSTR 1, GSTR 3B & GSTR 7 monthly/ GSTR 9 & GSTR 9C Annually).

- Getting GST Audit done through independent Chartered Accountant as required under GST Law.

- Handling Audit by GST authorities for respective GSTIN.

- Assessment of changes in GST Law and its implementation. Further advise to Information Technology department for its implementation

The apply button will redirect you to an external URL, please apply there.