Position
Permanent, full time
Location
Mumbai
Reference
KBC-2022-117
Closing date
May 31, 2023
• Will have primary responsibility for the financial data for the KBC Indian entity and ensuring its completeness and accuracy for monthly reporting
• Be responsible for all tax related matters for KBC India and for permanent establishments created in India by other KBC group companies
• To ensure compliance with all statutory tax and audit requirements for KBC India
• Will provide taxation advice specific to India to the wider KBC Group
Audit Related and Internal Control
• Manage the year end audit process, liaising with auditors in respect of the audit of the company financial statements
• Assist in the preparation of the company financial statements
• Assist in creating and maintaining formal documentation of procedures and processes and ensure compliance with Group processes
• Ensure compliance with FEMA
Taxation
• Ensure that all statutory corporate and GST tax requirements are complied with on a timely basis including Corporate tax computations, Advance Tax Payments, GST returns, TDS filings, Transfer Pricing reports for KBC India and for Permanent Establishments created by other KBC group companies
• Maintain up to date knowledge of changes in local tax laws. Advise UK management of changes in tax laws relating to corporate tax, GST and TDS
• Provide strategic input related to tax matters which may impact decision making within the wider KBC group
• Develop and maintain relationships with local tax advisors and tax auditors
Other responsibilities
• Responsible for one direct report in the Mumbai office. Supervise and provide necessary guidance on all local accounting related matters
• Direct contact for local advisors including the bank, statutory auditors and tax advisors
• Review journal postings made by the Accountant for purchase invoices and expense items
• Review of month-end balance sheet reconciliations including bank reconciliations, prepayments and accruals
• Review and approve payment requests
• Provide monthly cash flow forecasts to Head Office
• Assist with the procurement of bank guarantees as and when required.
• Provide support to the sales team for financial data required when preparing bid documents
• Assist in providing analysis and input in the annual budget process
• Assist in ad-hoc tasks and projects, which typically have a commercial focus and exposure to senior management
• Other duties as delegated by Group Tax Assistant Manager and/or Group Financial Controller
• Must be a Chartered Accountant or have a recognised equivalent qualification
• Experience with Indian tax requirements
• An expert Excel user
• SUN systems experience would be desirable
• Good organisational skills and ability to meet deadlines
• Excellent communication and interpersonal skills (excellent English skills, both written and oral) and the ability to deal with colleagues and clients professionally
• Excellent analytical skills
• Self-motivated, pro-active approach and ability to think independently
• Display a high level of professionalism towards colleagues and as an ambassador of the company