Head – Indirect Taxation & Treasury

10 - 15 Years

Job Description


The position is responsible for handling all matters relating to Indirect Tax for the organization including tax planning and timely payments and responses to all tax authorities. The role is responsible for safeguarding best interest of the company, ensuring appropriate handling of all assessments and critical appeals related to taxation, keep tracking of developments in the tax environment including the circulars and notifications and ensure timely advice and guidance on their impact to management.

This position is also responsible for efficiently planning and managing the short term and long-term fund requirements of the organization to optimize the borrowing costs, ensure timely availability of funds and ensuring smooth functioning of the banking operations.

Indirect Taxation:-
Indirect Tax Planning
Compliances timely and accurate filing of returns and other documents
Timely payment of all tax dues
Standardization of process related to indirect taxation across all locations
Litigation arrangement Closure of pending cases, refunds, claims etc.
Indirect Tax guidance to management

Cash flow Management
Management of Bank relationships
Adherence to organizations Forex hedging policy
Timely availability of funds
Average borrowing cost in line with budget
Special projects for funding
Effective management of insurance adequate insurance coverage, renewals, claims management

Devise strategies for Indirect Tax planning, develop a detailed tax plan for the Financial year and ensure effective implementation of the same
Provide inputs to the Leadership team on tax implications of various strategic decisions including investments and acquisitions and pricing where relevant
To monitor the business closely and recommend changes in the processes to reduce taxability
To form an overall strategy for contesting litigations related to Indirect taxes
Keep abreast with updates and changes in the indirect tax laws, keep track of notifications and circulars issued by the tax authorities, understand their implications and recommend appropriate measures to reduce tax liability
To provide technical assistance related to tax matters to Functional Heads where required
To participate in discussions on pricing where required
To ensure that computation of tax liability is accurate and timely remittances of tax are made in order to prevent interest and penalty.
To ensure timely filing of tax returns, TDS and claims and GST returns at all locations
To be responsible for resolution of pending cases related to direct and indirect tax
To monitor the refunds
Relationship Management
To maintain close liaison and coordination with external tax authorities
To coordinate with external agencies like law firms, auditors, IT authorities, consultants for implementation of tax planning and resolving issues

Audit, Compliance& Legal
Ensure compliance with all the necessary statutory and regulatory requirements
Manage the tax audit process and liaise as required with auditors and respond to queries
Provide necessary support in statutory and internal audits as required
Represent the company before the external authorities where required for tax assessment or ensure appropriate representation
Handle disputes and litigation matters and ensure representation at tribunals, arbitrations and courts

People Management
Mentor and provide operational leadership and technical guidance to the team, thereby developing a strong and competent team
Conduct effective performance appraisals for the team and identify training needs
Motivate, counsel and coach employees to ensure a conducive working environment
Ensure succession planning for self and critical roles in the team

Funds Planning
Understand the funding requirement for business along with the CFO, President, Finance Accounting & Tax Head and Functional heads
Assess the funds requirement of the company- short, medium and long term and make recommendations on sourcing in line with the overall corporate guidance
Suggest innovative and alternate ways of sourcing funds with inherent cost benefits
Continually monitor domestic and international investment avenues to facilitate prudent investment decision making.

Effective Funds management
Ensure effective utilization of funds, including investment of idle funds to get optimum yield
Ensure monitoring of timely interest and commission receipts, payments, repayments
Assessment of availability and utility of short-term loans when taken against exports e.g. Pre-Shipment Credit in Foreign Currency loans, etc.
Foreign exchange management
Decide on the Forex hedging positions in coordination with the CFO to shield organisation from market fluctuations.
Ensure adequacy of risk cover on assets by way of insurance at the least possible premium pay out

Managing Banking Relations
Proactively build relationship with bankers and other lenders
Keep abreast of all new developments, products available and legislation pertaining to treasury products
Ensure that credit rating procedures and compliances are met

Cash flow and Banking Operations
Provide adequate and effective guidelines and processes for cash forecasting, budgeting and management
Assist in planning of cash flows and match requirements to sources to ensure adequate and timely funding, minimising the value of surplus cash/deposits
Ensure and assist the generation of daily, monthly and rolling cash flow statements which help in ascertaining the working capital position of the company

Ensure that all assets and other insurable risks are appropriately insured and all documentation properly maintained
Ensure effectiveness in insurance costs
Manage the claims process with the insurer when required to ensure best benefit to the company

Salary: Not Disclosed by Recruiter

Industry:Automobile / Auto Anciliary / Auto Components

Functional Area:Accounts, Finance, Tax, Company Secretary, Audit

Role Category:Accounts

Role:Taxation(Indirect) Manager

Employment Type:Permanent Job, Full Time


Desired Candidate Profile

A Chartered Accountant with 10 - 12 years experience in Indirect Taxation, Fund Raising and Investments.


PG:Any Postgraduate - Any Specialization, CA - First Attempt, Second Attempt

Doctorate:Doctorate Not Required

Company Profile


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Reference Id:FIN - Indirect Taxation