Manager Direct Taxation

SKF INDIA LIMITED

SKF:

SKF started its operations in India in 1923. Today, SKF provides industry leading automotive and industrial engineered solutions through its five technology-centric platforms: bearings and units, seals, mechatronics, lubrication solutions and services. Over the years the company has evolved from being a pioneer ball bearing manufacturing company to a knowledge-driven engineering company helping customers achieve sustainable and competitive business excellence.

SKFs solutions provide sustainable ways for companies across the automotive and industrial sectors to achieve breakthroughs in friction reduction, energy efficiency, and equipment longevity and reliability. With a strong commitment to research-based innovation, SKF India offers customized value-added solutions that integrate all its five technology platforms.

SKF India is also recognized as top 25 “Best Companies to work for” by “Tagged” and “Business Today” in 2023.

SKF Purpose Statement: Together, we re-imagine rotation for a better tomorrow.

By creating intelligent and clean solutions for people and the planet

:

Job Title: Manager Direct Taxation

Role reports to: Head Taxation

Experience: 7 – 14 Years

Location:

Purpose of the Job:

The Position leads tax compliance, planning, and accounting for direct taxes, and ensures they are aligned with the overall finance strategy.

Qualification & Experience:

• CA qualified with a preference in Taxation.
• 7-14 years of professional work experience in Finance discipline with a focus on Taxation
• 3+ years of people management experience (preferred)
• Experience leading teams in an agile, dynamic customer-centric environment.
• Good communication, collaboration, presentation, and negotiation skills.

Responsibilities:

• Lead the delivery of a full range of Direct tax services in compliance with laws and regulations and in alignment to the business.
• Calculation of Deferred tax on quarterly basis and align with accounts to give appropriate accounting entries.
• Reply to day-to-day queries of cross function department.
• Handle litigations in partnership with the internal and external stakeholders including consultants.
• Ensure the participation and support to audits by statutory, internal and tax auditors and management of annual tax assessments.
• Establish strategies to minimize tax expenses and exposures, with regard to taxes paid to include applicable national, state, local and international (if applicable) income taxes, property taxes, sales and other indirect taxes.
• Lead the development and ongoing management of internal policies relating to taxation and implement these policies into existing accounting practices and ensures corporate compliance with all applicable local & state, national & international tax obligations.

Looking to get Placed? Try our Placement Guarantee Plan

Get Hired
• Lead preparation of corporate tax returns and related reports, both internally and with external vendors
• Represent and defend the tax position of the organization to tax regulating bodies during audits or reviews.
• Manage outsourced/ 3rd party vendors providing tax services to the organization.
• Engage with government/industry body/ industry forums on matters which are beneficial to the organization/sector in which we operate.
• Coach, Mentor & Train employees to enable them to deliver excellent operational performance with a customer-centric approach.
• Provide advice and consultation on the any changes in the Tax regimes & its implication/impact on the organization.

Customs Compliance Overview:Work internally with the requisite departments to understand customs benefits attributable to the organization.

• Reconcile Export with EXIM benefits received to ensure completeness.
• Working knowledge of Foreign Exchange Management Act (FEMA)
• Visiting to DGFT and Customs office on timely basis to resolve pending notices.
• Implementation of process to ensure availment of the customs benefits to the organization.

Metrics:

• A stimulating and challenging job in an international and developing environment.
• Opportunity to be part of an experienced and open-minded team.
• Get to lead & contribute to create a best-in-class Tax Organization