Tax Operations Senior Analyst

Citi; Chennai District; On-site; INR 900,000 - 1,350,000; Full time

Benefits offered by this job

Flexible working hours

Home office

Career growth opportunities

Job summary

Citi in Chennai, India, seeks a Tax Operations Analyst to join the Wealth Client Tax Operations team. The role focuses on non-US tax reporting, VAT/GST payments, reconciliations, and regulatory compliance across EMEA and APAC regions.

The ideal candidate will have extensive tax operations experience, strong analytical skills, and the ability to manage stakeholders across international clusters. Flexibility with work arrangements is offered.

Qualifications

• Experience in tax reporting and operational tax processes.
• Strong analytical skills for complex tax data.
• Ability to coordinate with international stakeholders.

Responsibilities

• Prepare non-US tax reports covering multiple jurisdictions and products, including quarterly reconciliations and tax payments (e.g., VAT, GST and other Non US tax regimes).
• Ensure compliance with local tax regulations, including the preparation of account reconciliations for revenues and VAT/GST tax accounts for all legal vehicles within Citi Wealth International clusters.
• Manage critical tax-related issues & remediation activities impacting clients and business stakeholders to ensure smooth operations and regulatory compliance.
• Provide tax SME expertise to the Client Tax Operations team in Poland and India by quickly acquiring Citi's institutional knowledge to understand business segments and legal entities.
• Provide first-level support for inquiries from client advisors regarding the Tax Reclaim Service and handle the preparation and transmission of data files to custodians.
• Support the global implementation of GST/VAT regulations while contributing to strategic tax programs and technical implementations.
• Analyze tax transaction withholding processes from front to back and implement operational changes arising from process remediations or enhancements in collaboration with Business Change management & Technology partners.
• Develop business requirements for system-related enhancements and manage the end-to-end implementation of new or amended taxes.
• Streamline process inconsistencies, mitigate risks, and maintain comprehensive process documentation, ensuring knowledge sharing across the team for effective tax operations and control functions.
• Ensure timely escalation of issues, track their resolution, and participate in governance forums.
• Collaborate closely with Business and Technology partners to identify gaps and drive process improvements.
• Act as a backup for the manager when needed, and coordinate task allocation and completion within the Client Tax Operations team.

Skills

Tax reporting

Data analysis

Stakeholder management

MS Excel

Education

Bachelor's degree in Finance/Banking

Tools

MS Excel

Job description

We are seeking a skilled Tax Operations Analyst to join our global Wealth Client Tax Operations team in Chennai, India. This role is critical for maintaining and advancing client tax operations in EMEA and APAC regions. The successful candidate will conduct in-depth analysis of complex global client booking models, perform reconciliations, identify operational risks, and ensure compliance with local tax regulations.

Citi Wealth Client Tax Operations Senior Analyst is an individual contributor role responsible for ensuring complete, accurate and timely payments & tax form filing with the local tax authorities. This position also requires large scale program management and external stakeholder management, making it essential to have a seasoned professional in this role across international clusters.

Responsibilities:

• Prepare non-US tax reports covering multiple jurisdictions and products, including quarterly reconciliations and tax payments (e.g., VAT, GST and other Non US tax regimes).
• Ensure compliance with local tax regulations, including the preparation of account reconciliations for revenues and VAT/GST tax accounts for all legal vehicles within Citi Wealth International clusters.
• Manage critical tax-related issues & remediation activities impacting clients and business stakeholders to ensure smooth operations and regulatory compliance.
• Provide tax SME expertise to the Client Tax Operations team in Poland and India by quickly acquiring Citi's institutional knowledge to understand business segments and legal entities.
• Provide first-level support for inquiries from client advisors regarding the Tax Reclaim Service and handle the preparation and transmission of data files to custodians.
• Support the global implementation of GST/VAT regulations while contributing to strategic tax programs and technical implementations.
• Analyze tax transaction withholding processes from front to back and implement operational changes arising from process remediations or enhancements in collaboration with Business Change management & Technology partners.
• Develop business requirements for system-related enhancements and manage the end-to-end implementation of new or amended taxes.
• Streamline process inconsistencies, mitigate risks, and maintain comprehensive process documentation, ensuring knowledge sharing across the team for effective tax operations and control functions.
• Ensure timely escalation of issues, track their resolution, and participate in governance forums.
• Collaborate closely with Business and Technology partners to identify gaps and drive process improvements.
• Act as a backup for the manager when needed, and coordinate task allocation and completion within the Client Tax Operations team.

Qualifications:

• A good track record of experience in a tax-related area and good understanding of tax reporting and operational tax processes.
• Knowledge about the Double Tax Treaty Agreements, International Taxation, Custody Operations, Relief at source and reclaim.
• Experience in Tax Operations (Direct/Indirect Tax, Withholding TAX, Goods and Services Tax, Trading Tax etc.).
• Experience in International Taxation and Tax Treaty is an added advantage.
• Strong multi-tasking, organizational and time management skills with experience in continuously following up with various stakeholders and execution teams.
• Ability to take initiative, self-motivate and consistently demonstrate a results-driven mindset.
• Strong analytical skills with the ability to conduct detailed analyses of complex tax processes.
• High level of integrity and ability to handle sensitive and confidential information in compliance with Swiss client data privacy laws.
• Critical thinking and drawing logical conclusions.
• Experience working both independently and, in a team-oriented, collaborative environment.

Education & Skills:

• Bachelor's/University degree or equivalent experience, preferably in finance and banking
• Fluent English: Ability to communicate effectively verbally and in writing in a concise and coherent manner with international clients and bankers. German speaking is an added plus.
• Proficiency in tax software and MS Office Suite, particularly Excel.
• 6-8+ years of relevant experience.

We offer:

• Exposure to a wide range of internal stakeholders as well as to senior management
• Excellent global career growth opportunities
• International and multicultural work environment
• Management supporting balanced and agile work (flexible working hours, home office)
• A chance to make a difference with various affinity networks and charity initiatives.
• Attractive benefits package

Job Family Group:

Finance

Job Family:

Tax

Time Type:

Full time

Most Relevant Skills:

• Assessment
• Credible Challenge
• Financial Acumen
• Management Reporting
• Risk Management

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