Senior Accounting Assistant

World Bank

2 - 7 years

4 - 9 Lacs

chennai

Posted:4 days ago| Platform:

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Skills Required

loans payroll sap financial reporting peoplesoft taxation monitoring tax returns recruitment six sigma

Work Mode

Work from Office

Job Type

Full Time

Job Description

The Senior Accounting Assistant functions as a technical staff and performs a variety of tasks, his/her responsibilities include but not limited to the following:
Process U.S. tax allowance via PeopleSoft Tax Allowance system. This includes, but is not limited to, verify, and analyze quarterly tax allowance calculations/payments and prior year tax allowance reconciliations.
Manage U.S. citizen staff tax transactions, verifying their status through HR-PeopleSoft, their payroll earnings through Payroll-PeopleSoft and any other non-payroll taxable earnings through SAP-AP, to ensure that earnings are in accordance with the Bank Staff Rules, to quality check their integrity and accuracy and to ensure that they are included in the tax allowance calculations in accordance to Staff Rule 6.04.
Verify tax certificates submitted by staff (Form 70) to determine current year tax allowances and necessary adjustments to prior tax allowance payments.
Manage Safety Net transactions, analyzing the tax returns against the World Bank Group Tax System considering Bank Group policy and IRS and state tax regulations.
Monitor the Tax exception reports to detect anomalies in the tax allowance payments that require research and correction.
Analyze/research/act on requests/queries related to tax allowance payments, earnings, and deductions, engaging in discussion as needed to understand and determine actions required.
Provide support to staff by responding and managing Tax Office phone calls and emails queries. Coordinate tax allowance related matter with overseas staff who are either on extended or short-term assignments, Identify process improvements, participate in Tax-related projects, and provide testing support for the system enhancements. Review and update the procedure manuals as and when required.

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