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Premium Employer

Ford Business Solutions

Compare

4.4

based on 771 Reviews

49 Ford Business Solutions Jobs

OTC- Manager

Ford India Private Limited

4.4

based on 771 Reviews

3-8 years

Chennai

1 vacancy

OTC- Manager

Ford Business Solutions

posted 8hr ago

Job Role Insights

Flexible timing

Key skills for the job

Private Banking Auditing Income Tax Taxation Data Collection Reconciliation

+ 4 more

Job Description

This position requires EU VAT Compliance related knowledge and working experience to handle the review of VAT return prepared by KPMG and also to guide/answer any queries from various cross functional skill team with respect to EU VAT.

EU VAT Knowledge and Working Experience is required

EU VAT - Indirect Tax Compliance related

Review KGSH prepared VAT returns against Ford books and TDH
Provide approval for submission of VAT returns by KGSH
Support transition of all of VAT returns to KGSH
Ensure that Ford data to KGSH for VAT return preparation was provided as per agreed timelines
Have regular Monthly Compliance call with KGSH
Review Invoices based on threshold for the returns prepared by KGSH
Handle Tax Jurisdiction queries
Ensure audit related queries for EU VAT are handled asap

Support review of aged items in EU tax accounts
Regular review with Tax accounting team to understand the status of unreconciled accounts due to SL
Ensure all data needed for Tax journals and payments are given to GBS Tax Accounting team
Ensure that all required information is provided to VATIT
Interact and work with Cross functional skill teams in case of any discrepancy in source system feed
Work with Treasury team/Payables for any tax payments

EU VAT - Invoice Correction

Ensure invoices assigned to Invoice correction team are corrected and accounted
Participate in meetings with Supplier for any queries with respect to corrections
Regular review of Invoice log with EU Indirect Tax Director
Review the write off related invoices before assigned for EU OTC approval
Provide metrics for A35 submission
Ensure to share the invoice correction details to VAT returns handling team for 6 th Directive and to GBS Tax accounting team for 8 th Directive invoices
Support queries from VATIT

Property Tax Compliance - US and support for accounting activities in Canada

Track completion of filing of Personal Property Tax returns
Completion of processing tax bills
Payment processing is completed on time
Assessment notices are completed on time
All data needed for Tax journals are given to GBS Tax Accounting team
All Sub-Ledgers are submitted to GBS Account reconciliation team

UK Income Tax

Data collection from Statutory Accounting and Fixed Assets Accounting teams for UK entities on time
Completion of preparation of Schedules on expense and income related to UK entities that support filing of Form CT600

Control Requirements

Review of metrics related to all of the above activities - Deliverable and Quality metrics
Ensure process controls are adhered, and process improvements are made
Understand and incorporate OTC objectives and review the progress against the objectives
Ensure MCRP are completed within timelines and review the steps to ensure that gaps if any are addressed with a corrective action plan

People Leader role

Provide opportunities to the team to enhance their skill set
Explore training opportunities and encourage team to attend the relevant trainings
Complete the Performance related discussions based on the guidelines from HR
Be part of objective setting discussions
Have regular connect meeting with the team and guide them on their career growth
Be a mentor to the team
Ensure to backfill the open positions arising out of resignation or people movement

Employment Type: Full Time, Permanent

Read full job description

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