Main purpose of job:
The Global Tax function has launched the Future of Tax (FOT) transformation project under the Digital Finance umbrella. As part of the Future of Tax project, compliance work related to direct tax, indirect tax, withholding tax and transfer pricing which will be done by Business and Supplier Operations Team, under a new target Operating Model (TOM). The new TOM will involve tax process to be performed across Global Tax team, Country Tax Team, UniOps and 3rd party consultant (Big 4s).
The UniOps team is envisioned to be the central tax data organization with the responsibility to deliver good quality data. The team has to manage tax data in order to improve the efficiency of the tax operations in a cost-effective manner.
UniOps vision is to build an externally benchmarked, world class Tax Data COE which delivers End to End high-quality, accurate financial information for effective decision making and meeting regulatory requirements.
Guiding Principles for project success
- Drive value by freeing up space within Tax (through effective partnering) to focus on strategy
- Global, standardized, simplified and efficient tax process model
- Flexible, agile and Future Fit sustainable operations
- Ownership mindset with passion for high performance
Key Requirements of the Role
- Collecting / querying / consolidating information from accounting / ERP systems (SAP)
- Managing financial data with focus on hygiene of master data and transactional data
- Reconciliation and analysis of data
- Check sample high value documents checks on tax data being extracted. Check for accuracy and allowance of expenses for tax deduction
- Monthly/quarterly calculation of VAT and preparation of VAT returns for various countries across the globe
- Annual preparation of Corporate Income Tax packs of various countries across the globe
- Post tax related entries in the books of accounts, after sign off from country tax team
- Ensure tax related payments happen to government / tax authorities as per the timelines in respective countries.
- Ensure tax related controls and compliance are met as per the Unilever control framework
- Prepare and maintain detailed documentation/files on monthly basis related to direct tax reporting. .
- Provide documentation / data support on the audit queries raised with analysis performed
- Archiving of documents of all the direct tax related activities from data extraction till filings in company dedicated folders as per ITGC & audit requirements.
Other Skills:
Technical Skills
- Good Accounting Knowledge (Record to Report)
- Overview of Direct/Indirect Tax
- Fully conversant with SAP (FI Module)
- Awareness of Power BI, Tableau and Workflow management tools would be an added advantage.
- Prior experience in US Taxation and tools like OneSource/Avalara, will be an added advantage.
- Successful transition of Record to Report or other finance activities to a Global Hub
Soft skills:
- Good in verbal and written communications.
- Should have a positive attitude and should be able to proactively get things done
- Strong problem solving, and analytical skills
- Good interpersonal Skills – Must have the ability to effectively communicate with personnel at all levels inside and outside of the company.
- Must be a self-starter with proven ability to take ownership of job responsibilities.
Educational Qualification and Experience
- Qualified CA/CPA/ICWAI with 1-3 years of experience or semi qualified CA/ICWAI/Masters Degree in Accounting with 4-6- years of experience
- Work experience in Accounting and Finance or Direct Tax/Indirect Tax
Key interfaces
- Global Tax Team
- Country Tax Team
- Country Finance Team
- Outsourced Service Provide (Big 4))
- Central R2R/P2P/O2C teams