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Tax Intmd. Analyst - C11 - MUMBAI

Tax Intmd. Analyst - C11 - MUMBAI

12542 Citicorp Services India Private LimitedMumbai Maharashtra India
30+ days ago
Job type
  • Full-time
Job description

The Tax Intermediate Analyst is a developing professional role. Deals with most problems independently and has some latitude to solve complex problems. Integrates in-depth specialty area knowledge with a solid understanding of industry standards and practices. Good understanding of how the team and area integrate with others in accomplishing the objectives of the subfunction / job family. Applies analytical thinking and knowledge of data analysis tools and methodologies. Requires attention to detail when making judgments and recommendations based on the analysis of factual information. Typically deals with variable issues with potentially broader business impact. Applies professional judgment when interpreting data and results. Breaks down information in a systematic and communicable manner. Developed communication and diplomacy skills are required in order to exchange potentially complex / sensitive information. Moderate but direct impact through close contact with the businesses' core activities. Quality and timeliness of service provided will affect the effectiveness of own team and other closely related teams.

Responsibilities :

  • Responsible for the overall management of the tax liabilities, of Citi, both directly and in connection with transactions with clients, including the related compliance, financial reporting, planning and controversy processes.
  • Contributes to the planning, accounting, filing and the reporting of tax liability of the company.
  • Assists in determining and compiling information required to satisfy income tax filing and related requirements at all levels of jurisdiction.
  • May participate in managing payments to tax authorities in compliance with specific tax regulations.
  • Identifies and resolves problems using autonomous judgment.
  • Implements work flow or process change and redesign, and uses a thorough knowledge of the specific function.
  • Accountable for regular reporting or process administration as "owner".
  • Primary focus is on execution within defined parameters.
  • Assists in the management of one or more processes, reports, procedures or products.
  • Directs day-to-day work of junior level employees.
  • Has the ability to operate with a limited level of direct supervision.
  • Can exercise independence of judgement and autonomy.
  • Acts as SME to senior stakeholders and / or other team members.
  • Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Qualifications :

  • 2-5 years relevant experience
  • Education :

  • Bachelors degree
  • Objectives :

    Responsible for in-scope processes related to one or multiple Citi lines of business within the centralized Tax Information Reporting function. This position supports the reduction / elimination of Citi's franchise & regulatory risk through accurate and timely reporting and enhanced due diligence on customer accounts. The incumbent is expected to migrate information reporting work from various sub-units within the Business Line into Tax Information Reporting; this process includes training and job shadowing, building documentation such as procedures and process flows, and identifies gaps in the process based on IRS regulations. In addition, the incumbent will support a specific business vertical and is expected to develop and enhance their product knowledge within a short timeframe. This position will work in a team-oriented environment

    Core Responsibilities :

  • Act as a tax / information reporting specialist to execute the FATCA & CRS advisory / rollout, Systems conversions / rollouts.
  • Executes the tax information reporting processes to products issued by Citi’s business
  • Migration of work into our centralized hub
  • Develop "Go To" processes and implement appropriate procedures / controls to ensure consistent compliance with Information Reporting & FATCA requirements
  • FATCA and CRS operations – delivery of KPI & KRI’s and Information reporting 1042s, 1099, 8966 and CRS reporting
  • Day-to-Day Responsibilities :

  • Support Tax Information Reporting Service Delivery / Engagement model with client constituency and other key stakeholders
  • Identify and participate in process reengineering & redesign to achieve better controls, compliance and efficiency
  • Support audits with IRS and Internal Audit (IA), and any other special audits.
  • Participate in self-assessment testing, MCA, SOX controls as well as any audits with IRS Or Citi's IA.
  • Ensure tight controls over owned processes to include key controls and COB
  • Support Technology projects from a technical tax perspective
  • Contribute towards departmental requirement to adhere to strict regulatory and Compliance requirements, per IRS and Citi policy.
  • Perform reviews of written tax policy and procedures, research and respond to inquiries from operational areas.
  • Handle Tax reporting for US and Non-US legislations.
  • Job Family Group : Finance

    Job Family : Time Type :

    Full time

    Citi is an equal opportunity and affirmative action employer.

    Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

    Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and / or apply for a career opportunity review .