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Sumitomo Mitsui Banking Corporation (SMBC)
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VP- Direct Taxation (Transfer) Pricing

VP- Direct Taxation (Transfer) Pricing

Sumitomo Mitsui Banking Corporation (SMBC)

7 - 12 years

25 - 40 Lacs

mumbai

Posted:None| Platform:

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Skills Required

transfer pricing direct taxation taxation

Work Mode

Work from Office

Job Type

Full Time

Job Description

Sumitomo Mitsui Banking Corporation

Job Responsibilities

Financial Reporting

Assist with audits/ external reviews
Supervise and be responsible for preparation and submission of HO related reports.

Tax compliance

Help manage and mitigate overall tax risk for the Bank in India
Assist with direct and indirect tax compliances with local regulators / head office including tax payments, filing of returns, assessments, handling tax notices etc
Liaising with internal stakeholders and externally with Tax office, consultants etc
Responsible for managing Tax compliances with focus on Transfer pricing
Responsible for corporate tax and transfer pricing documentation/ submissions including handling litigations.
Assist with Advance Pricing Agreement compliance, renewal, negotiations etc
Handling of BEPS submissions/ implementation, liaison with Head office Tax team
Handle Tax/ transfer pricing audits, assessments, etc
Guide other members from team and other departments on queries related to Withholding Tax, Corporate Tax, Transfer Pricing and Advance Pricing Agreement related.
Advise on efficient tax planning and on new products from a tax perspective.

Indirect tax compliance

Assist with monthly/ annual GST returns and related payments.
Help liaise with Tax office for routine matters or litigations, as may be required
Manage and maintain efficient support from external consultants
Manage internal/ external queries on indirect taxes

Others

Build strong networking within banking fraternity and regulators
Participate in strategic initiatives and lead bank level projects
Appointments of Auditors in adherence with RBI guidelines and internal rules
Manage effective relationship with Head office/ regional office counterparts
Develop an overall view of Bank’s operations and participate in overall growth/ development of Bank in India.
Knowledge sharing
Motivate, train and develop staff
Maintaining strong risk management culture

a) Knowledge (b) Skills (c) Experience (d) Qualifications

Knowledge –Indian tax laws and accounting principles
Skills – Strong Communication and analytical skills, excellent negotiation skills, project management and decision-making abilities

Strong Interpersonal skills as dependency outside team for data.

Experience – 10+ years of experience, preferably in Banking/ Financial services, Foreign Banks or Big 4 Accounting firm, understanding of Bank Financial statements and products, experience of team handling and working in a cross-cultural environment, exposure to Direct taxation and international Transfer pricing.

Qualifications - CA and/or higher equivalent qualification in Accounting / Taxation

Purpose of the position

Incumbent is expected to provide inputs and take actions considering overall long-term growth and future of SMBC India.
Lead strategic initiatives, provide regular updates and inputs for management decision making
Responsible for managing Tax compliances with expertise in the area of Transfer pricing
Manage APA related compliances and negotiations, TP related queries, TP Audits, TP assessments and handling of business queries on new products/ transactions
Manage Head office reporting
Process betterments/refinements in the existing processes/ Knowledge sharing/ process backups.

Effective resource management and staff development

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