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DWS Group & GmbH Co KgaA

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4.0

based on 17 Reviews

346 DWS Group & GmbH Co KgaA Jobs

Financial and Regulatory Reporting Specialist

DWS Group

4.0

based on 17 Reviews

0-1 years

Mumbai

1 vacancy

Financial and Regulatory Reporting Specialist

DWS Group & GmbH Co KgaA

posted 2mon ago

Job Role Insights

Flexible timing

Key skills for the job

BPO Biochemistry Income Tax Risk Management Taxation Transfer Pricing

+ 4 more

Job Description

Job Description:

In Scope of Position based Promotions (INTERNAL only)

Job Title- Financial and Regulatory Reporting Specialist

Location- Mumbai, India

Role Description

Tax Operations is part of the Finance division, and the person would lead Tax compliance of DB group in India. This role has 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 primary function of the role is to ensure accurate and timely local and global tax reporting compliances, manage associated risks handling internal external stakeholder. The role also includes explaining any financial calculation to tax authorities with regards to Corporate and GST tax returns as well as explaining and providing responses to tax authorities.

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

Role includes leading a team of tax reporting specialists to carry entire gamut of tax compliances. The list below is illustrative.

Team Management, Leadership Stakeholder Management:

Manage overall governance of tax compliance and have a complete and thorough understanding of the control environment, identifying gaps and executing remediation plans to mitigate such gaps
Ensuring all tax filings are duly validated for accurate timely submissions
Identifying change opportunities and drive innovations along with change specialist teams to implement process changes to enhance efficiency
Managing and developing team, create back up and resiliency, ensuring its optimal utilization, knowledge management through regular updates of SOPs and attrition risk management
Managing the day-to-day relationship with all internal external stakeholders to ensure efficient working partnership and build up a collaborative model
Lead, participate and execute Finance India strategic initiatives with respect to Tax Compliance.

Local Head office Tax Reporting:

Review of various reports required for tax reporting (tax / ETR workings, current deferred tax provisions for local GAAP and Group GAAP)
Liaising with statutory auditors on tax matters and finalizing tax disclosures in Financial Statements
Maintain and review workings for Contingent Liability, back up of refunds etc.
Balance-sheet substantiation of Tax related assets and liabilities
Managing various MIS required for review of tax compliance / variances in tax reporting.

Advance tax compliance:

Ensure computations are based on relevant inputs related to PnL / BS from Finance and other relevant teams
Ensure required review is conducted by Group Tax and others before tax payments

Tax audit:

Planning tax audit of DB entities and ensuring timely closure appropriate coordination with Tax auditors
Ensure timely and accurate compilation of tax audit report in Form 3CD.

Transfer Pricing Country by Country Reporting (CbyC):

Planning transfer pricing audit of DB entities, finalizing appointment of auditors, ensuring timely closure and appropriate coordination with auditors
Ensure timely and accurate compilation of transfer pricing audit report in Form 3CEB, Master File and CbCR intimations.

Return of Income ( ROI ):

Review of computation of tax returns
Liaising with Group Tax and other relevant functions for review and submissions of returns
Ensure timely accurate filings

Assessments / appeals / enquiries by IRAs (Income-tax, TP, Service Tax / GST):

Ability to understand and guide the team regarding information required, as intimated by relevant authorities.
Prepare / review the draft submissions
Liaising with Group Tax / Finance and other relevant functions for review of the submissions and facilitate closure.

GST: The responsibilities in this connection will include:

Ensuring that all GST compliances are timely accurate, and submissions validated of multiple State registrations
Reviewing GST monthly and annual returns leading GST audit. Liaising with auditors, Group Tax and tax consultants for GST compliances.
Facilitation of Registering new/ additional services with the GST authorities
Collating details from all concerned, calculating monthly GST liability at entity level liaising with Group Tax and others as required for review. Ensuring timely GST payments.
Preparing refund claims, wherever applicable. Liaising with Group Tax and tax consultants for review of refund claims and reviewing files / set for filing the required documents with the revenue authorities.
Appearance before tax authorities as and when required
Computing GST liability on FCY inter-entity expenses on a monthly basis,
Preparing first cut appeals, getting the details reviewed from Group Tax and other relevant functions.

Your skills and experience

Experience / Exposure

The candidate must be a motivated and high performing individual. He/she 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.

15+ years working experience of leading a tax compliance team (preferably in Taxation teams of banks, investment banks or professional accounting / audit firms or in a similar capacity in a BPO / KPO centre).
Thorough knowledge on Direct and Indirect Taxation compliance requirements
Specific knowledge on Income Tax computation for Banks, NBFC business, GST / Service Tax regulations. Knowledge of STP regulations is preferable.
Experience in managing and collating information for Tax Audit, Transfer Pricing 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

Soft Skills

Communication

Ability to communicate effectively (oral written) with senior stakeholders including Board of Directors, tax authorities and auditors
Focused on providing quality output and speed of delivery

Leadership Analytical abilities

Ability to lead a team of tax specialists
Displays a high degree of control awareness with focus on Validations Controls
Has a natural intellectual curiosity
Strong analytical / business problem-solving skills including knowledge of automation tools

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 and motivate the team
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 demanding clients. Ability to challenge status quo.

Education / Certification