Specialist - Indirect Tax

Standard Chartered • Chennai, IN

145d

About The Position

The Indirect Tax Team is an integral part of the Tax/Finance function. It assists Regional Tax Teams across the Globe with their compliance requirements. The Team handles Value Added Tax (VAT), Goods & Service Tax (GST) & Sales & Use Tax (SUT) returns. The role includes data collation, data analysis, data validation, reports consolidation, reports validation and submission of reports and workings to stakeholders on or before the fixed target date.

Requirements

• Strong knowledge and experience on Indirect Taxes.
• Experience in Indirect Taxes compliance for Banks is an added advantage.
• Min 5-8 years of relevant work experience.
• B.Com, M.Com, MBA Finance, CA/CA Inter, CMA/CMA Inter.

Nice To Haves

• Change Implementation
• Indirect Taxation
• Microsoft Office package
• ERP system

Responsibilities

• Prepare indirect tax returns and conduct comprehensive control checks as instructed.
• Update Senior Manager/AVP on key issues/risks in the process as and when he/she becomes aware.
• Prepare and follow tax calendar.
• Proficient in extracting data and producing reports from sources such as PeopleSoft.
• Ensure seamless and accurate delivery of indirect tax returns with no misses on timelines.
• Prepare and update documentation of transitioned processes and contribute in development of business continuity plan.
• Support implementation of specific tax projects (e.g. India GST).
• Gain detailed understanding of the GST / VAT reporting process and become an SME.
• Assist with global and regional tax initiatives.
• Interact with team members/stakeholders to understand the actual requirements and effective control is in the process.
• Identify opportunities to remove process waste, engage in standardisation of various reporting packs and encourage, drive and support automation initiatives thereby reduce / remove the non-value adds in the process.
• Establish robust control and governance on the process.
• Drive productivity and achieve cost efficiencies through continuous improvement initiatives.
• Drive a culture to capture appropriate metrics for tracking actual hours/ standard hours/ errors etc.
• Ensure detailed documentation is maintained and is kept up to date for all processes.
• Perform and deliver high quality output of the assigned market. Data Quality Assurance should be followed along with the Risk & Control Matrix of Group Tax.
• Develop good working relationships with the team and stakeholders; Use opportunities to develop one's talent.
• Delivery of standard reports as per the commitments in accordance to respective country compliance. Manage the process with no errors. Identify and raise any issues on timely manner.
• Follow Group Tax Policy and follow the requirements for Internal Audits & External Audits.
• Display exemplary conduct and live by the Group's Values and Code of Conduct.
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank.
• Lead to achieve the outcomes set out in the Bank's Conduct Principles.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Benefits

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible working options based around home and office locations, with flexible working patterns.
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits.
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree
• Number of Employees: 1,001-5,000 employees