Tax Manager

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