Job Purpose
This role’s holder will make sure that all Tax assignments are discharged to the highest standards with the aim of offering exceptional value to clients and the Firm; nurturing high-performing people and teams, leading and supporting them to create the positive impact that matters; as well as setting the trajectory to deliver remarkable client service
Qualifications
- Qualified Chartered Accountant / Certified Public Accountant / ACCA with an experience in Tax department for 5 years.
- Semi Qualified with experience of more than 7-8 years will also be considered
- At least 5 years’ relevant experience, with 3 years or more in a managerial role.
- Strong background and experience of handling tax cases.
- Excellent project management, analytical and problem-solving skills
PRIMARY DUTIES & RESPONSIBILITIES
Engagement Management
- Responsible for, statutory and regulatory compliances under Direct and Indirect Taxes applicable to the client from time to time.
- Review of monthly tax liability computed by team and application of control assertions while reviewing.
- Responsible for reviewing tax provision and other schedules by prepared by the team members.
- Competent to analyze and draft reply to the queries and notices by the Tax Revenue Authority.
- Responsible to monitor tax amendments or changes in existing law and timely communicate the effects and applicability to the stakeholders, and also train the team for better clarity and understanding.
- Identify and implement opportunities for process improvement in computation of tax and filing of returns.
- Responsible for managing internal/external and statutory audits pertaining to tax compliances and audits by TRA.
- Manage the relationship with consultants and clients.
- Support business teams with the right taxation advice for day-to-day operations.
- Manage communication with clients and regulatory authorities on tax related matters or unreconciled transactions identified during performance of actual work.
- Develop appropriate systems/process to track refunds/ensure visibility on taxes paid/tax liabilities.
- Develop and implement strategic tax efficiency for all necessary taxes, like WHT, VAT, etc.
- Working knowledge of Tally 9.0 required and system enabled checks and controls.
- Ensuring integrity and completeness of financial records & compliance with financial control standards.
- Implement new advantages into operations after getting it authorized by the Managing and industrial practice.
- Provide technical support on taxation issues and support team in tax accounting and related book entries.
- Assist Tax & Compliance Manager on new measures to minimize tax loses.
- Coordinate with tax consultants/lawyers.
- Prepare trackers for all compliances on monthly basis.
- Give trainings to Junior on various laws and regulations.
Client Relations
- Understand the clients’ industry, key performance drivers, business trends, and emerging technical and industry developments;
- Maintain relationships with other engagement teams and monitor team progress against plan and drive performance as required;
- Establish a good working relationship with the officers and staff of every client;
- Keep a close business and social relationship with the clients while keeping independence in appearance and in fact as required by the Code of Ethics of CPAs;
- Keep clients aware of significant development in accounting standards and other areas that affect their businesses;
- Attend to clients’ queries and requests;
- Exhibit professionalism and good conduct in dealings with clients, prospects, and non-clients.
People Management
- Develop team members by encouraging individuals to think for themselves and take responsibility for their contributions to the team. Conduct timely performance reviews and provide performance feedback/training. Develop technical expertise –both functional and industry;
- Ensure that every in-charge and staff assistant’s time is utilized productively and efficiently during and after engagements;
- Provide timely feedback to assistants about their job performance, i.e., their strong and weak points and how they can improve;
- Accomplish and discuss Performance Review Reports (PRRs) with Engagement In-charge immediately after every engagement;
- Review and approve staff assistants’ PRRs, which are accomplished by Engagement In-charges;
- Participate in an annual performance review process / deliberations on the overall performance of in-charges and staff assistants.
Administrative Functions
- Ensure that clients are billed on a timely basis and prompt payment is achieved;
- Submit an accurate time report in a timely manner;
- Expected to have shown an on-going commitment to their personal and professional development through continuing education and development;
- Ensure that in-charges and assistants working on his engagement submit accurate time reports;
- Approve reimbursable expenses, overtime and time reports of in-charges and staff in a timely manner;
- Review the time charges regularly to ensure that these are within budget and to provide explanation for those exceeding budget;
- Assist partners in pursuing new clients or jobs with existing clients;
- Assist the partner in collecting receivables;
- Review reports and deliverables of other engagement teams when requested in accordance with the quality control policies and procedures of the Firm