Manager - Finance & Procurement Services in Bombay, भारत

Hello Visionary! 

We provide extensive high-quality and cost-efficient Finance & Procurement services from purchasing to the processing of outgoing payments, Cash allocation, Fixed Assets accounting, Accounts reconciliation and Closing & Reporting. We work with a strongly integrated system and a highly automated processing environment and digital workforce.

Our customers receive innovative, easy-to-use services. We deliver maximum value to the business by driving process optimization and digitalization using our ambitious approach, and we support our customers’ current and future business requirements with the help of our high level of process and automation competency.

Position Overview:

You will be responsible for managing end-to-end corporate tax compliance, quarterly and annual tax reporting, tax accounting, litigation support and direct and international tax advisory activities for Siemens.

The role has a strong focus on tax reporting and compliance for listed companies. The incumbent will be expected to manage current and deferred tax computations, effective tax rate analysis, advance-tax workings, tax reporting packages and financial-statement tax disclosures in accordance with Indian Accounting Standards and International Financial Reporting Standards.

The successful candidate should combine strong technical knowledge with hands-on execution capabilities, stakeholder-management skills and a sound understanding of financial reporting requirements applicable to large and listed corporate groups.

You’ll make a difference by:

• Lead the preparation of quarterly and annual tax provisions, including computation of current tax and deferred tax in accordance with IFRS and Ind AS requirements.

• Prepare effective tax rate analyses and perform comprehensive annual tax calculations for both current and deferred taxes on a quarterly and annual basis, in alignment with IFRS requirements.

• Prepare and review tax reporting packages for group reporting purposes and ensure timely submission to regional and global stakeholders.

• Prepare tax disclosures for financial statements, including current tax, deferred tax, tax rate reconciliations, deferred tax asset and liability schedules, and related note disclosures.

• Support quarterly and annual financial close processes by providing accurate tax provisions, supporting schedules, and management reports.

• Review tax accounting positions and ensure compliance with applicable accounting standards and internal tax governance requirements.

• Develop and maintain robust tax provision, deferred tax, and reporting models to improve reporting accuracy and efficiency.

• Lead preparation and filing of corporate income tax returns and associated statutory compliances within prescribed timelines.

• Coordinate with tax auditors and statutory auditors during tax audits, financial statement audits, and tax reporting reviews.

• Ensure timely completion of tax audits, filing requirements, and regulatory reporting obligations.

• Prepare quarterly advance tax computations and monitor timely payment of taxes.

• Monitor tax positions and ensure adequate documentation is maintained to support tax treatments adopted in returns and financial statements.

• Evaluate tax risks associated with business transactions and advise stakeholders on appropriate tax positions.

• Prepare robust submissions and coordinate responses for assessments, audits, notices, appeals, and litigation proceedings.

• Liaise with external consultants, counsels, and tax authorities in relation to assessments, appeals, refund claims, rectification applications, and demand management.

• Monitor outstanding tax demands, refund status, and litigation trackers and drive timely resolution.

• Provide advisory support on cross-border transactions, withholding taxes, permanent establishment exposures, tax treaty interpretation, and international tax considerations.

• Support tax compliance requirements relating to permanent establishments, and foreign tax positions.

• Partner with finance, treasury, legal, procurement, and business functions on tax considerations relating to contracts, business initiatives, restructuring exercises, financing arrangements, M&A transactions, and strategic projects.

• Drive automation and digitalization initiatives within the tax function to enhance efficiency, standardization, and reporting accuracy.

• Develop and implement robust internal controls around tax reporting, tax accounting, and compliance processes.

• Promote continuous process improvement and best practices across the tax function.

• Continuously monitor developments in domestic and international tax laws, accounting standards, and judicial precedents.

• Conduct training sessions and awareness trainings for finance and business stakeholders on key direct tax and tax reporting developments

Your success is grounded in:

• Qualified Chartered Accountant. Equivalent international qualifications, such as Certified Public Accountant, may also be considered.

• Additional qualifications such as LL.B., MBA in Finance, Diploma in International Taxation or other relevant tax certifications would be an advantage. 

• Relevant post-qualification experience in corporate direct taxation, tax accounting, tax reporting, litigation and international taxation with 4+yrs of experience.

• Mandatory hands-on experience in managing tax provisions and related tax compliance and reporting requirements for a listed company.

• Prior experience with a listed company, multinational corporate group, Big Four consulting firm is desirable.

Key Competencies:

• Strong technical knowledge of corporate tax and tax accounting.

• Demonstrated ownership of quarterly and annual tax reporting cycles.

• High degree of accuracy, attention to detail and financial discipline

• Ability to operate effectively within demanding quarterly-close timelines.

• Strong analytical, problem-solving and decision-making capabilities.

• Excellent stakeholder-management and communication skills.

• Strong documentation, review and control orientation.

• Ability to communicate complex tax matters in a concise and business-friendly manner.

• Collaborative mindset with the ability to work across functions, entities and geographies.

• Digital mindset and willingness to drive automation and process transformation.

Join us and be yourself! 

We value your unique identity and perspective and are fully committed to providing equitable opportunities and building a workplace that reflects the diversity of society. Come bring your authentic self and create a better tomorrow with us. 

This role is based in Mumbai . You’ll also get to visit other locations in India and beyond, so you’ll need to go where this journey takes you. In return, you’ll get the chance to work with teams impacting entire cities, countries – and the shape of things to come.

We’re Siemens. A collection of over 312,000 minds building the future, one day at a time in over 200 countries. We're dedicated to equality, and we encourage applications that reflect the diversity of the communities we work in. All employment decisions at Siemens are based on qualifications, merit and business need. Bring your curiosity and imagination and help us shape tomorrow.