Job Description

#### Specialist Taxation


Corporate 1100-Corporate Office, Bangalore, Karnataka, India






Department
CORPORATE TAXATION
Job posted on
Dec 12, 2024
Employment type
Permanent

I. ROLE PURPOSE & OBJECTIVE



• Responsible for ensuring the overall minimal or nil tax risk against the Bank by ensuring timely & accurate Tax payments and return filings





II. SIZE OF THE ROLE



FINANCIAL SIZE

NON-FINANCIAL SIZE



• •CAPEX / OPEX Budgets resting with the role•


• •Total Buying / Procurement•


• •Total Revenue•


• •Portfolio Managed•



• •Number of vendors / consultants•
• •Number of portfolio products•
• •Volume of products and services•
• •Quantity of equipment / stocks / projects / etc.•
• •Credit files received / underwritten•
• •Volume of new hires onboarded•
• •Volume of recruitment etc•.





III. KEY DUTIES & RESPONSIBILITIES OF THE ROLE

Business/ Financials
• Ensures minimal tax risk against the Bank and drive any new projects impacting business pursuant to any changes in Income Tax and GST laws


• Ensures timely & accurate computation and filing of Bank wide periodical GST return filings


• Ensures timely & accurate computation of monthly TDS & TCS for discharge of liabilities against the Bank


• Assists in preparation of Advance Tax, Corporate Income Tax, workings & filing of ITR for the Bank


• Assist in preparation of submissions for any notices, enquiries, assessments under Income Tax and GST laws



Customer • Attend and assist to any Taxation related queries for customers
• Must have fair understanding of Taxation laws & should assist in interpretation of law to drive projects that has an impact on the Bank / it's businesses


• Must be able to guide Operations, IT, Business teams for any needful actions to be undertaken pursuant to any new requirements / changes in existing requirements per laws



Internal Process
• Ensure timely tax payments


• Ensure accurate TDS & GST compliances


• Ensure all notices are replied to the satisfaction of Income Tax / GST department



Learning & Innovation
• To keep oneself up to date on Taxation laws


• To complete all online learning modules on time


• To complete the self-assessment on time



IV. MINIMUM REQUIREMENTS OF KNOWLEDGE & SKILLS






Educational Qualifications

• Chartered Accountant (preferably cleared final CA in 1st attempt)






Experience

• 1-2 years in Big 4 or in any NBFC / Banking Company






Certifications

• NA






Functional Skills

• Strong accounting & tax background


• Fair Understanding of Taxation laws (Income Tax & GST)


• Expert in handling voluminous data & hands on experience with MS Office






Behavioral Skills

• Adequate analytical skills


• Keen learning ability


• Strong verbal and written communication


• Time Management skills


• Crisis Management skills


• Strong negotiation skills






Competencies Required

• Planning & Organizing


• Driving Execution


• Collaboration




V. KEY INTERACTIONS



INTERNAL

EXTERNAL



• Business / Product team


• Operations team


• IT team


• Finance & Accounts team


• Audit team


• Risk team



• Income Tax Department


• GST Department
• Customers


• Vendors