Associate Vice President - Finance and Accounts

Join Tata AIA Life Insurance, a leading and fastest-growing life insurance provider in India, established in 2001 as a joint venture between Tata Sons Pvt. Ltd. and AIA Group Ltd. Our company embodies a legacy of trust, integrity, and excellence, combining Tatas esteemed leadership with AIAs extensive pan-Asian expertise. At Tata AIA, our vision is to be the pre-eminent protection provider enabling dreams and inspiring healthier, happier lives. We foster a culture of innovation, inclusivity, and continuous learning, offering dynamic career growth opportunities and a supportive work environment. Recognized as a Great Place to Work and recipient of the Kincentric Best Employer Award, we are committed to employee satisfaction and holistic well-being. Our core value, People - Our Core, emphasizes our dedication to inspiring our employees to be and deliver their very best. Our aim is to attract, hire and develop highly capable leaders who are just, fair, ethical, and accountable for their actions. We strive to provide our employees with the right training, technology, equipment, resources, and guidance to perform their job effectively. Our promise to you is to provide for a diverse, equitable, and inclusive work environment, where each employee is valued as an individual and treated with respect, care, and compassion. Fuel your future with us, find your wings, and S.O.A.R. - Shape opportunities, Optimize your potential, Accomplish meaningful work, and Reap holistic growth. Position Overview Position Title Associate Vice President - Finance & Account (Tax compliance Process excellence and Control) Department Taxation Accounting Level/ Band Associate Vice President -601

Role Summary:

The employee will assist the SMT - Finance & Accounts to ensure overall tax compliance with robust processes and control around Direct/Indirect tax compliances applicable to the Company at the national level.

Reports To

Head- Taxation

Supervises

Manager/Asst Manager/ (Outsourced support staff)

Job Dimensions

Geographic Area Covered

Pan India

Stakeholders Internal

Policy servicing, Compliance, Agency Sales, Distribution Operations, Information Technology, Sales and Marketing. Finance & Accounts i.e. Payable, Treasury. Ops Accounting, Operations etc. Legal & Compliance Stakeholders External Tax Consultants, Vendors Key Result Areas Organization process Key contribution area Direct and Indirect Tax Compliance Timely and accurate payment of taxes Timely and accurate filing of Direct and Indirect returns Manage tax litigation for the Company in Direct and Indirect taxes with complete audit trail. Manage Taxation accounting, tax computation and various statutory audits. Optimize tax cost for the Company with no leakages. Business Process Re-engineering - Tax Compliance To facilitate the rollout of process excellence initiative with focus on Business process reengineering/Process transformation by developing process modeling (to-be state) and measurement system for various tax related compliances Drive process standardization for the organization with an objective of optimizing Tax compliance process across organization Understand business need with ground level issues - regulatory/productivity improvements etc. Establishing of Tax compliance process workflow with the help of functional SMEs across organization Capture process, procedure level deviations and ensure periodic reporting of gap in various tax compliances Govern the new tax process rollouts/system implementation and its approval across Operations and Systems Deploy effective metrics/KPIs to measure the effectiveness of the tax processes including their operational definitions and reporting frequency

Review and mentor the various improvement projects for effective tax compliances and reporting

Managing Financial Risk and Controls around tax compliance

Maintain the Risk Management framework and supporting policies and procedures for various tax related process and compliances.

Maintain the repository of RCSA/IFC/tax notices tracker/tax refund receivables/tax control reports.

Internal Coordination