Assistant Compliance Manager

Position : Asst. Manager Compliance

• If from a consulting firm: 3-5 years
• If from manufacturing background: Experience in finance department with compliance exposure GST, customs with heavy imports for 5 years.

Location: Chennai

Profile Description

The ideal candidate should have:

1. Strong knowledge and experience in GST, Customs (MOOWR in specific) and application comfort of ERP/SCM solutions used in automotive. Preferably Oracle.
2. Good experience in regulatory control flows and updates for managing compliance
3. Experience in handling customs examinations, Tax, TP assessments, handling appeals, planning and availing FTA benefits and related administration.

Key Responsibilities:

• Act as the primary finance representative during new business quote decisions and drive implementation during start of production (SOP)
• Ensure timely compliance of direct and indirect taxes, escalate non-availability of information to comply ahead of time and propose solutions.
• Monthly review of movements, listing reconciliation with GL balance of payable to & receivable from the Government.
• Collaborate with IT, consultants, and finance stakeholders to define and validate compliance activities for business requirements.
• Tracking notices from Government and responding to these on time.
• Oversee routine compliance and submit to board the list with date of should be & actual compliance as per compliance calendar.
• Propose and automate voluminous reconciliations with ERP registers, portal and GL balances.
• Keep a database of compliance contacts, a tracker of ongoing compliance and advise accruals for approved assignments, certify invoices as per engagement letters and work progress reports.
• Train finance users on systematic data input, error reduction and explanation of linkages.
• Liaise with SCS for masters update, invoice / filing irregularities and collection of debit notes for TDS or GST on time.
• Support Month-End and Year-End Closure activities to ensure timely and accurate financial period closing.
• Track SVB, Triple duty bond balances, MOOWR inventory & assets, EDPMS/IDPMS, EPCG for new assets, Respond to internal audit queries and keep such observations away.
• Surprise audits of Finance team and CFT data to ensure compliance and related controls are on track.

Requirements:

• Qualification : CA / CMA / B. Com with compliance experience.

Skills

• Strong financial knowledge, and the ability to collaborate in business decisions in the context of compliance
• Ability to assess, plan, and execute cost savings, avail export benefits and other Government grants
• Understanding of transfer pricing, corporate income tax and customs GST provision
• Experience working for allied compliances like EPR, BIS, FEMA, Statistical data & MSME
• Problem solving for exceptions and exigencies having automation exposure will be welcome.
• Good Excel skills.