Deputy Manager - Taxation
- Axis Max Life
- 2 - 4 years
- Noida, Gurugram
- 3 months ago
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Job Description
Job Summary:
- The job purpose of this position is to manage direct tax compliance on end-to-end basis
- Income Tax Compliance, Tax Audit, Income Tax Return filing
- Managing Outsourced Team on productivity and capability building
- Month end closing activities of tax Functions
- Reinsurance Reconciliation and Settlement
- Other Tax Compliances
Role & Responsibilities:
Tax Compliances
- Responsible for filing of Tax Audit and Income Tax returns
- Ensure other tax compliances (Monthly/ Quarterly/yearly) including timely payment of taxes, filing of returns etc.
- Coordination with IT and other stakeholders for data extraction for IT return and other submissions.
- Tracking of notices received from Tax Department and ensure timely submissions/ responses.
- Preparations of response to notices, filing of appeals, paper-books, etc.
- Ensure proactive readiness of data /details for submission to tax department.
- Tracking of notices received from Tax Department and ensure timely submissions/ responses.
- Preparations of preliminary response to notices, appeal documents for submission to Tax Department.
- Ensure proactive readiness of data /details for submission to tax department.
- Responsible for ensuring reconciliation of Tax and Non-Tax related account codes
- Responsible for review of reconciliation performed by the team
- Responsible for publishing dashboard for Management reporting
- Responsible for preparation of SOP and ensure adherence to defined process
- Responsible for Query & Complaint Management within agreed timelines
Audits, month end closing and other associated activities related to Taxation Function
- Timely closure of month end activities including accounting with respect to tax.
- Ensure timely submission of data for Quarterly/Annual Audits and ensue smooth closing of audit queries.
- Smooth closure of Internal Audit/ Tax Deptt. Audits with no significant observations.
- Time bound implementation of system and process changes in coordination with IT and other functions.
- Coordination with Accounts Payable and others Team for monthly and adhoc data requirement.
- Advising various team on TDS related matters with respect to policyholders, vendors queries.
Reinsurance Reconciliation and Settlement
- Reconcile reinsurance accounts, ensuring that all transactions are correctly recorded and discrepancies are resolved promptly
- Communicate with reinsurers to facilitate smooth and timely settlement process
- Address inquiries related to reinsurance settlements and collaborate with internal teams to obtain necessary information
- Ensure compliance with regulatory requirements and internal policies governing reinsurance settlements
- Prepare and maintain documentation related to settlement, treaties and other relevant records
- Work with relevant stakeholders to find amicable solutions and maintain positive relationship with reinsures
- Stay informed about industry trends and best practices
- Submission of input data for IRDA reinsurance reporting
Process Improvement
- Identify opportunities to streamline and improve the processes
- Collaborate with cross-functional teams to implement process enhancements and automation
- Regular review and Continuous strengthening of processes, highlighting and resolving discrepancies and exceptions
Preferred Candidate Profile:
- Chartered Accountant (CA) with 2+ years' experience
- In depth understanding of compliances including Returns, Litigation, Refunds, etc.
- Preparation of tax workings and ability to work on huge data.
- Hands on experience of MS Office with expert knowledge of MS Excel.
- Good Communication skills and excellent attitude with ability to get things done
- Ability to handle pressure and work in a competitive environment.
- Customer first approachability and problem-solving attitude
Job Classification
Industry: InsuranceFunctional Area / Department: Finance & AccountingRole Category: Accounting & TaxationRole: Accounting & Taxation - OtherEmployement Type: Full timeContact Details:
Company: Axis Max LifeLocation(s): Noida, Gurugram+ View Contact
Keyskills: Direct Tax Tax Audit Direct Taxation Direct Tax Compliance
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