Direct Tax Associate

Responsibilities

Tax Planning and Compliance :

Ensure timely execution of direct tax and regulatory compliance with accuracy and quality.

Monitor and manage tax governance and alignment on tax positions adopted by engagement teams, IFS, and finance teams.

Stay updated with changes in tax laws and evaluate their impact on operations and business models.

Ensure the adequacy of tax provisions and ownership of tax accounts, ensuring tax positions are followed.

Conduct due research on tax matters to ensure effective representation of the tax position adopted with detailed documentation within timelines.

Financial Metrics and Reporting :

Monitor the tax governing framework on tax assets realization to avoid working capital lock-in and prevent tax leakage.

Ensure timely submission of data for tax and regulatory reporting with effective review and adherence to validation checks.

Responsible for maintaining robust internal controls and regular reviews to prevent errors and fraud, ensuring the integrity of tax and regulatory reporting.

Ensure accurate tax and regulatory reporting, highlighting exceptions, and ensuring the impact is factored into policies and the cost of operations.

Stakeholder Management :

Advise the business to protect profitability on additional costs of doing business in domestic and cross-border markets.

Manage relationships with tax consultants, internal and external auditors, and IFS functions to ensure effective compliance on tax and regulatory positions and policies.

Coordinate with finance teams for timely data collection for tax compliances with accuracy and timelines to monitor reconciliation.

Ensure regular connection with tax compliance teams to build understanding of tax positions, system controls, and governance, suggesting enhancements to improve the effectiveness of data for tax and regulatory reporting.

Audit and Litigation Management :

Oversee tax audits, coordinate with external auditors, and manage responses to audit inquiries.

Ensure timely closure of audit points with complete and accurate submission of schedules and documents.

Review mock tax assessment schedules and support litigation efforts.

Ensure effective maintenance of documentation with respect to compliance and assessments and timely updates in reporting applications.

Technological Advancements :

Lead the implementation of technological advancements in the tax function with best-in-class automation practices to drive efficiency in overall finance processes impacting tax and regulatory compliances.

Collaborate with IT and finance teams to enhance tax-related systems and tools.

Qualification : B.Com / CA Inter with 0-1 years of experience