Diageo Hiring for Specialist – VAT at Bangalore, India Full Time

Job Description :

Specialist – Vat

Purpose

The purpose of this role is to ensure that the markets’ indirect tax processes (including VAT, excise duty and other supplementary returns) are undertaken accurately, efficiently (utilising automation) and on time and the surrounding internal control procedures, legislative requirements are strictly adhered to.

The role will support the successful implementation and ongoing operation of the Global Indirect Tax processes, controls and automation tools under the new Tax Operating model.

Job Dimensions

Scope of role covers reviewing or preparing VAT, excise duty, and connected returns. This requires interaction with the Indirect Tax Lead, Seniors and Analysts, a number of functions including both markets and central functions with a special focus on financial controlling teams, Source to Pay and Sell to Cash. The role will have a direct conversation with Tax business partners and Regional SME -s relevant for her/his area to provide support in audits, project and other continuous improvement related topics. The role is also responsible to oversee operational management and control to ensure accuracy and compliance during the preparation of the indirect tax returns.

The areas of the business you will support and who you will work with are:

• Tax Business Partners and Tax Governance and Reporting to support the risk management agenda, audits and indirect tax related projects

• Financial controllers especially in connection with journal entries, managing B/S reconciliations.

• Global Tax and key stakeholders such as tax authorities/STP/STC to effectively manage the tax risks for your markets.

• CARM, GAR and External auditors to ensure tax controls and processes are understood and delivered to meet CARM satisfactory standard and SOX controls under the broader Tax Control Framework

• 3P providing the automation tools in order to manage market specific improvements/issues of the process reflected in the tool

Role is part of Global Tax. Role has responsibility for carrying out the Indirect Tax compliance review for the markets under her/his responsibility including the execution of process improvements and managing the Indirect Tax compliance risk agenda for the relevant markets.

Diageo indirect tax charge is £7bn globally. You will manage the part connected to your markets/region.

Accountabilities

What you will be responsible for:

Reviewing or Preparing complex VAT, excise duty and connected supplementary returns in accordance with global standard process and controls, utilising automation tools where applicable Compiling and ensuring accuracy and timely filing (including sign off and payment process) of VAT and excise returns and other related reporting; Working closely with Indirect tax analysts to ensure compliance with market specific regulatory requirements and legislative changes Regularly informs Team Leader on daily issues. Is responsible to flag risks and tax saving opportunities identified during the return preparation and flag unusual or new business scenarios and comment on their tax treatment. Working closely with Indirect Tax Analyst to ensure compliance with market specific regulatory requirements and legislative changes Reviewing / Preparing balance sheet reconciliations and ensuring these are done on time and in an internal and external control compliant way. Actively managing tax document retention for your markets. Contributing to the continuous improvement- through establishing a LEAN approach to drive effectiveness and efficiency- of the indirect tax compliance processes Embedding and operating the new controls and KPI reports, monitoring the implanted KPI-s, investigating root-cause or errors and working with end-to-end processes to improve KPIs Ensure 100% CARM and 100% PCAOB accuracy on Indirect Tax related CARM controls. Ensure Tax Calendar is monitored and filled-in in a timely and quality manner Promptly responding to market queries in respect of markets in her/his responsibility and supporting direct tax leaders, business partners, SME-s in non-routine questions, projects, and during tax audits in her/his competency under the supervisory of the Indirect Tax Lead (Team leader).

Qualifications and Experience

The qualifications and experience you will bring:

• Ideally minimum 3-6 years’ relevant tax experience in SSC and/or FMCG/Big 4 advisory environment

• Previous experience at an operational level in tax, controls and risk management.

• Excellent communication skills able to build strong relationships with operational staff and stakeholders

• Experience in working with SAP is an advantage

• Experience in the review and/or coordination of the work of others is an advantage

• Has college/university degree in finance/accounting

The skills you will need:

• Strong analytical and questioning skills

• Excellent business English

• Good numerical skills and confident excel usage

• Able to work with tight deadlines

• Attention to details and overview of the business: able to operate at the detailed level when necessary but always focuses on the big picture.

• Self-motivated and well organised approach to work

Worker Type :

Regular

Primary Location:

Bangalore Karle Town SEZ

Additional Locations :

Job Posting Start Date :

2022-01-17-08:00

As a global leader in beverage alcohol, our 200+ brands are part of everyday celebrations in over 180 countries. Our ambition is to create the best performing, most trusted and respected Consumer Products Company in the world.

Ever since Arthur Guinness took out a 9,000 year lease on a Dublin brewery, some 250 years ago, we became a business that is defined by the character of the people who work here. It took immense character from Alexander Walker to convince the captains of every ship in the port of Glasgow to take crates of Johnnie Walker to the four corners of the world. Today, nothing’s changed.

We’re proud to be more than 27,775 talented people . While they make our iconic brands ever stronger around the world, we help them go further than they thought possible. Diageo is where you’ll find a wide variety of personalities, experiences and perspectives , wherever you’re based in the world. It makes for a stimulating and rewarding working environment, where everyone can flourish.

DRINKiQ

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