Pramerica Life Insurance - Assistant Vice President - Taxation

Key Responsibilities:

1. Direct Taxation:

• Responsible for all direct tax compliances including TDS, FATCA/CRS, SFT reporting.
• Review tax positions and advise management on tax-efficient structures and transactions.
• Handle Income Tax assessments, scrutiny proceedings, notices and appeals.
• Manage tax audits and coordinate with statutory auditors and tax consultants.
• Monitor developments in tax laws and assess their impact on the insurance business.

2. Indirect Taxation (GST):

• Ensuring indirect tax compliances PAN India basis.
• Liaise with tax authorities and consultants on Service tax/GST-related matters.
• Advise business teams on indirect tax implications of new products, distribution models and digital initiatives.

3. Insurance Tax Advisory:

• Provide tax advisory support on:

1. Life insurance products and policyholder taxation and cross functional support.

2. Evaluate tax implications of regulatory changes issued by IRDAI, CBDT and GST authorities.

4. Litigation & Assessments:

• Manage tax notices, assessments, appeals and litigation matters related to Service tax/GST before various authorities and consultant management.
• Track contingent liabilities and maintain litigation MIS.
• Ensure closure of tax disputes and recovery of eligible refunds.

5. Audit Support & Governance:

• Responsible for audit/inspection related support to tax matters.
• Provide tax-related information for Board, Audit Committee and management reviews.

6. Risk Management & Governance:

• Establish robust tax governance frameworks and internal controls.
• Identify and mitigate tax risks across business processes.

7. Team Management:

• Lead and mentor the taxation team, ensuring capability development and succession planning.

Educational Qualification:

Experience:

• 10 years of post-qualification experience.
• Minimum 5 years in Financial Services, Insurance, Banking or BFSI sector.
• Strong exposure to both Direct and Indirect Taxation.
• Experience in handling assessments, audits, litigation and regulatory interactions.
• Prior team management experience preferred.