Manager - Tax & Accounts

Pramerica Life Insurance; Gurugram District; In loco; INR 1.200.000 - 2.400.000; Tempo pieno

Descrizione del lavoro

Pramerica Life Insurance seeks a detail-oriented taxation professional to manage direct tax compliances, planning, assessments and reporting for its life insurance business. The role covers corporate income tax returns, TDS, and tax provisions in a BFSI environment.

You will collaborate with Actuarial, Investment and Finance teams to optimize tax strategies, monitor regulatory changes, and ensure compliance with the Income Tax Act and related schedules in a dynamic insurance setting.

Competenze

• CA qualified or finalist with strong experience in direct taxation.
• 37 years of relevant experience in Direct Taxation, preferably in BFSI, Insurance or Financial Services.
• Strong knowledge of the Income Tax Act, Rules and applicable amendments.
• Experience in corporate tax returns, tax assessments, litigation, TDS and tax provisioning.
• Exposure to taxation of life insurance companies will be an added advantage.
• Strong analytical, reconciliation and problem-solving skills.
• Good communication and stakeholder management abilities.

Mansioni

• Direct Tax Compliance & Returns: Manage preparation, review and filing of corporate income tax returns and other applicable statutory filings.
• Tax Assessment & Litigation: Handle income tax assessments, reassessments, scrutiny proceedings and departmental queries.
• Tax Planning & Advisory: Identify tax-efficient strategies while ensuring compliance with applicable tax laws.
• Life Insurance Industry-Specific Taxation: Understand tax provisions applicable to life insurance companies, particularly Section 44 read with the First Schedule of the Income Tax Act.
• TDS & Tax Reporting: Oversee TDS compliance, including applicability, deduction, deposit, return filing and reconciliation.
• Audit & Stakeholder Management: Coordinate with internal and statutory auditors for direct tax audits and related requirements.

Conoscenze

Analytical skills

Problem-solving

Communication skills

Stakeholder management

Formazione

CA Qualified / CA Finalist

Descrizione del lavoro

About the Role

We are looking for a detail-oriented and technically sound taxation professional to manage direct tax compliances, tax planning, assessments, litigation and reporting for a life insurance business. The candidate should have a strong understanding of the Income Tax Act, regulatory requirements applicable to insurance companies and tax implications of life insurance operations.

Key Responsibilities

1. Direct Tax Compliance & Returns

• Manage preparation, review and filing of corporate income tax returns and other applicable statutory filings.
• Ensure timely compliance with advance tax, self-assessment tax, TDS and other direct tax obligations.
• Review tax computations, provisions and deferred tax calculations.
• Ensure accurate tax reporting in accordance with applicable accounting standards and tax regulations.

2. Tax Assessment & Litigation

• Handle income tax assessments, reassessments, scrutiny proceedings and departmental queries.
• Coordinate with tax consultants, auditors and legal advisors for assessment and litigation matters.
• Prepare submissions, responses and documentation for notices received from the Income Tax Department.
• Track ongoing tax disputes, appeals and pending litigation.

3. Tax Planning & Advisory

• Identify tax-efficient strategies while ensuring compliance with applicable tax laws.
• Provide tax advisory on business transactions, investments and operational activities.
• Evaluate tax implications of new products, business initiatives and changes in regulatory requirements.
• Monitor amendments to the Income Tax Act and assess their impact on the organisation.

4. Life Insurance Industry-Specific Taxation

• Understand tax provisions applicable to life insurance companies, particularly Section 44 read with the First Schedule of the Income Tax Act.
• Manage tax implications relating to life insurance business income, policyholder funds and shareholder funds.
• Evaluate tax treatment of insurance premiums, commission, claims, investments and other business transactions.
• Understand tax implications of ULIPs, traditional insurance products and other life insurance offerings.
• Coordinate with Actuarial, Investment, Finance and other business teams on taxation-related matters.

5. TDS & Tax Reporting

• Oversee TDS compliance, including applicability, deduction, deposit, return filing and reconciliation.
• Review TDS on vendor payments, professional fees, commission and other applicable transactions.
• Manage Form 26AS, AIS and TDS reconciliations.
• Ensure timely issuance of TDS certificates and resolution of tax-related discrepancies.

6. Audit & Stakeholder Management

• Coordinate with internal and statutory auditors for direct tax audits and related requirements.
• Support tax audits, internal controls and documentation.
• Prepare tax-related MIS, management reports and updates for senior management.
• Liaise with consultants, tax authorities and internal stakeholders.

Desired Candidate Profile

• CA Qualified / CA Finalist with strong experience in Direct Taxation.
• 37 years of relevant experience in Direct Taxation, preferably in BFSI, Insurance or Financial Services.
• Strong knowledge of the Income Tax Act, Rules and applicable amendments.
• Experience in corporate tax returns, tax assessments, litigation, TDS and tax provisioning.
• Exposure to taxation of life insurance companies will be an added advantage.
• Strong analytical, reconciliation and problem-solving skills.
• Good communication and stakeholder management abilities.