MUMBAI · FULLTIME
Manager - Tax Compliance
Ernst Young
Mumbai · onsite · Posted 4d ago
Sourced from
Undisclosed3–6 yrsfulltimeMumbai
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Section · 01
About this role
Job Summary
The opportunity: Manager-National-Tax-Tax - GCR - ACR - Mumbai
National comprises of sector agnostic teams working across industries for a well rounded experience.
TAX - GCR - ACR :
Our globally coordinated tax professionals offer connected services across all tax disciplines to help the clients thrive in an era of rapid change. We combine our exceptional knowledge and experience with the people and technology platforms to equip clients in making better business decisions by bringing insights to the forefront. We help companies understand the tax policies and tax laws of governments around the world to plan and comply accordingly. Our teams leverage transformative technologies to deliver strategy and execution, from tax and regulatory obligations to operations and workforce management, to reduce risk and drive sustainable value.
We have competencies in Business Tax Services, Global Compliance and Reporting, Global Law, Indirect Tax, International Tax and Transaction Services.
Responsibilities - Project initiation
- Accountable for the financial implications of the set up and maintenance of projects in the business system in accordance with policies, pricing schedules, customer details, calendars, payment plans.
- Interprets the contract terms and conditions and ensures commercial terms are built into project set ups
- Ensures projects are financially closed
- Leads/Supports Audits Reporting and Analysis
- Ensures processes in place to enable accurate revenue recognition
- Regularly reviews margins, WIP, debtor and cash flow
- Ensures intercompany payables or receivables reconciled with counterpart and ensure prompt payments
- Link between Accounts Payable and project for coding invoices, ensuring that missing/expected invoices are accrued for/accounted timely
- Create and validate forecast/budget for chargeable hours, sell/cost rates, resulting margin and ensure target is reasonable
- Produces and analyses trend and variance report as needed
- Gathers project accruals and provision information as needed
- Owns the accuracy of financial data as reported in monthly WPRs through collaboration with project team
- Work closely with project controls and finance analysts to produce monthly reports and estimates
- Works closely with project operations, controls and billing coordinators to improve project administration processes and effectiveness. Business Partnership
- Participates in processes that enable the project team to effectively manage its costs and risks. Identifies and implements specific cost reductions and/or leakages, providing input into risk management exercises.
- Day to day finance business partner to the project management team and representative of Finance function to them Cash Management
- Ensures invoicing plan is in place to maximise DSO
- Reviews DSO reports and assists in the development of corrective action plans
- Works with customers to ensure invoices have been received, approved, and actioned, providing status to Project team.
- Provide input into cash forecast to ensure accuracy and appropriate challenge to expedite cash collection
- Reviews WIP/AR reports with project Managers to ensure timely billing and collection
- Attest/review project transaction documents and accounts for accuracy and completeness, including sub-charges, data sheets, time reports, expenses, subcontractor invoices etc.
- Ensures accurate production of customer invoices, credit notes and back up documentation
- Ensures billings do not exceed approved budget limits and works with project managers and project Controls to resolve issues
- Drives timely recording of 3rd. Party vendor invoices
- Actively participates in preparation and at monthly project reviews to challenge the financial and commercial health of projects
- Interprets commercial terms and conditions, including Fx, tax, credit and system implications on bids and tenders to ensure accurate and timely costing and revenue recognition
- Complete working papers to capture use, accrual and draw down of contingencies and provisions; complete working papers to address how we will account for project incentives.
- Identifies areas of potential project gross margin improvement; ensures accurate recovery of all costs as defined in the contract and ensures non-billable costs are minimised
- Ensures the DOA is adhered to for any write off time, expense or invoice, non-billable time is approved per DOA, request for continuance of work where required
- Submission of variation, KPI and contract amendment requests and claims in accordance with contract requirements
To qualify for the role you must have
- CA
Experience
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Section · 02
Skills
Accounts PayableCostingAgileFXfinancial datafinance functionauditsAccrualsInternational TaxIndirect TaxCredit NotesCash ManagementBusiness TaxAR REPORTSCash CollectionCASH FLOWAdministrationcompliancefinance
Section · Company
About Ernst & Young
Ernst Young
Management Consulting
44k+
employees
2002
24 years old
Gurgaon / Gurugram, Haryana
India
₹15.3L PA avg
Avg at Ernst & Young
About
At EY, our purpose is Building a better working world. The insights and quality services we provide help build trust and confidence in the capital markets and in economies the world over.
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Management Consulting
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