18 Oct
Deutsche Bank Aktiengesellschaft, Filiale Mumbai
Mumbai
Job Description:
In Scope of Position based Promotions (INTERNAL only)
Job Title: Tax Operations
Corporate Title: Associate
Location: Mumbai, India
Role Description
Tax Operations is part of the Finance division, and the person would be looking at both, Direct and Indirect Tax compliance of Deutsche Bank AG and India. This role has the complete responsibility to ensure timely & accurate tax compliances under Direct & Indirect taxations, tax & transfer-pricing audits, GST audit and head-office tax reporting process. The function of the role is to ensure accurate and timely local and head-office tax reporting & compliances,
manage associated risks & handling internal & external stakeholders including dealing with tax authorities wherever required.
What we’ll offer you
As part of our flexible scheme, here are just some of the benefits that you’ll enjoy,
- Best in class leave policy.
- Gender neutral parental leaves
- 100% reimbursement under childcare assistance benefit (gender neutral)
- Sponsorship for Industry relevant certifications and education
- Employee Assistance Program for you and your family members
- Comprehensive Hospitalization Insurance for you and your dependents
- Accident and Term life Insurance
- Complementary Health screening for 35 yrs. and above
Your key responsibilities
The position is for Tax Reporting specialist to carry entire gamut of tax compliances. The list below is illustrative.
Local & Head office Tax Reporting:
- Preparation of various reports / documents required for internal tax reporting (tax / ETR workings, current & deferred tax provisions for local GAAP and applicable Group GAAP), Maintain and review workings for advance tax, tax provisions & contingent Liability.
- Supporting local GAAP audits w.r.t.
tax provisions & assets/liabilities
- Balance-sheet substantiation of Tax related assets and liabilities,
- Generating various MIS required for review of tax compliance / variances in tax reporting.
Advance tax compliance:
- Compute Advance Tax payable based on relevant inputs related to P&L; / BS from Finance LECs team and other relevant teams,
- Walk through of such workings with Group tax and others before tax payments.
Tax audit (TAR):
- Preparation of Tax Audit Report in Form 3CA-3CD and ensuring timely closure with appropriate coordination with Tax auditors,
- Ensure timely and accurate compilation of tax audit report in Form 3CA-3CD for all entities under charge.
Transfer Pricing (TP) & Country by Country Reporting (CbCR):
- Transfer pricing audit and ensuring timely closure with appropriate coordination with auditors along with Master File and CbCR intimations,
- Ensure timely and accurate compilation of transfer pricing audit report in Form 3CEB for all entities under charge.
Return of Income (ROI):
- Preparation of computation of tax,
- Liaising with Group Tax and other relevant functions for review and submissions of returns,
- Upload the e-forms on Income Tax portal.
Assessments / appeals / enquiries by IRS (Income-tax, TP, Service Tax / GST):
- Preparation of data / details / documents for filing with Tax Authorities in time bounded manner and post internal reviews as and when the proceedings are initiated by Corporate Tax, Transfer Pricing, GST, Service Tax authorities,
- Prepare the draft submissions and run pass the same through Group Tax,
- Liaising with Group Tax / Finance and other relevant functions for review of the submissions and facilitate closure.
GST:
- All GST compliances and submissions in timely & accurate manner,
- Computation of GST payable under Reverse Charge mechanism for group accruals including application of valuation rules,
- Collating details from all concerned, calculating monthly GST liability at entity level & getting it reviewed before final payment,
- Preparing challans for tax payment and timely payments,
- Monthly GST payments and coordinating with various stakeholders for final GSTR1 and GSTR3B to be filed,
- Preparing GST annual returns & coordinating for GST audit. Liaising with auditors, group tax and tax consultants for GST compliances,
- Registering new/ additional services with the GST authorities, updating change in Board members of GST portal and ensuring all details on GST portal are updated from time to time,
- Appearance before tax authorities as and when required,
- Preparing first cut appeals, getting the details reviewed from Group Tax and other relevant functions.
Controls & Stakeholder Management:
- Control the overall governance aspects of the processes and have a complete and thorough understanding of the control environment, identifying gaps in control environment and executing remediation plans to mitigate such gaps,
- Ensuring validations & control process are strengthened and all tax filings are duly prepared for accurate submissions,
- Drive process changes & innovations to be more efficient,
coordinating with internal TSG teams to provide walkthrough and eventually automating the manual processes,
- Preparation of KOPs/SOPs and ensuring that they are updated from time to time,
- Managing the day-to-day relationship with all key stakeholders across various functions to ensure efficient working partnership and build up a collaborative model,
- Participate in Finance system or process enhancement initiatives.
Your skills and experience
The candidate must be a highly-motivated and high performing individual. Candidate must be able to handle all levels of complexity in the functional area under control,
be able to shift focus of task with relative ease and be flexible enough in shifting workload in accordance with changing priorities and be comfortable dealing with a sometimes stressful and fast-paced dynamic tax environment.
- 4+ years working experience of handling tax compliances, both Direct and Indirect Tax (preferably in Taxation teams of banks, investment banks or professional accounting / audit firms or in a similar capacity in a BPO / KPO center),
- Thorough Knowledge on Direct and Indirect Taxation Compliance requirements,
- Specific knowledge on Income Tax computation for Banks, NBFC business, GST / Service Tax regulations,
- Experience in handling and collating information for Tax Audit, Transfer Pricing Audit and GST Audit,
- Experience in financial accounting & reporting, financial statements and legal entity control function is preferred,
- Experience in dealing with taxation matter on merger and amalgamation is preferred,
- Experience of managing the change related to function.
Leadership & Analytical abilities
- Displays a high degree of control awareness with focus on Validations & Controls,
- Has a natural intellectual curiosity,
- Strong analytical / business problem-solving skills.
Time management skills
- Well organized & able to logically present results of work,
- Ability to work under pressure and to deadlines,
- Ability to manage own time and time of team.
Drive and Motivation
- Passion for change and confidence in own abilities,
- Be comfortable & willing to drive process improvement,
- Diligent, thorough, shows initiative and is proactive.
Personal Qualities:
Proactive, attention to detail / quality of work, able to cope with pressure and deal effectively with internal and external stakeholders. Ability to challenge status quo.
Soft Skills:
Communication
- Ability to communicate effectively (oral & written) with internal stakeholders, tax authorities and auditors,
Focused on providing quality output and speed of delivery.
Chartered Accountant with minimum 8 years of experience in Direct and Indirect Tax
How we’ll support you
- Training and development to help you excel in your career.
- Coaching and support from experts in your team.
- A culture of continuous learning to aid progression.
- A range of flexible benefits that you can tailor to suit your needs.
About us and our teams
Please visit our company website for further information:
https://www.db.com/company/company.htm
We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.
Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.
We welcome applications from all people and promote a positive, fair and inclusive work environment.