Senior Associate -Insurance Premium Tax

Job details

• Proposed designation

Senior Associate

• Role type

Individual contributor

• Reporting to

Tax Manager

• Geo to be supported

Global VAT and IPT (Insurance Premium Taxes) Process – EMEA/ APAC/ Canada

• Work timings

• 8 AM to 5 PM (May differ depending on the profile)
• Roles & responsibilities

• Prepare and review monthly, quarterly, and annual Indirect Tax returns (e.g., VAT, GST, IPT, sales tax, and other transactional taxes).
• Ensure compliance with local, state, and International Indirect Tax laws and regulations.
• Coordinate with internal teams and third-party service providers to ensure timely and accurate submission of Tax returns and payment of taxes.
• Maintain accurate Indirect Tax records and documentation in line with statutory requirements.
• Assist with Indirect Tax audits, including gathering information, providing documentation, and resolving any issues raised by tax authorities.
• Respond to inquiries from Clients and Tax Authorities.
• Identify and implement process improvements to ensure Indirect Tax compliance is handled efficiently and cost-effectively.
• Support the implementation of Tax Technologies and tools to improve Indirect Tax compliance, reporting, and automation .
• Work closely with AR, AP, Treasury and other operations teams to ensure Indirect Tax matters are correctly addressed across the business
• Support internal stakeholders on Indirect Tax questions, ensuring a clear understanding of tax implications for business transactions.

Training & Mentorship

• Provide guidance and mentorship to junior tax analysts or team members on Indirect Tax issues and procedures.
• Assist in training internal teams on Indirect Tax compliance and best practices.

Other Duties

• Stay up to date with changes in Indirect Tax laws and provide proactive advice to ensure compliance.
• Assist in preparing Indirect Tax provisions and other reporting requirements for financial statements.
• Support ad-hoc Tax projects or corporate restructuring efforts as required.

• This role is for you if you have the below
• Educational qualifications

• Bachelor’s degree in accounting, Finance, Business Administration, or a related field.
• Additional qualifications such as CA or equivalent certifications are preferred.

Work experience

• 3+ years of experience in Indirect Tax compliance, tax consulting, or a similar role.
• In-depth understanding of Indirect Tax laws and regulations, including VAT, GST, sales tax, and accounting.
• Working experience with Indirect Tax APAC/ EMEA region and knowledge around IPT is an advantage.