Manager - Taxation

Job Purpose

As per the Companies (Cost Records and Audit) Rules 2014, maintenance of Cost Audit records and Cost Audit is mandatory for GHIAL and is required to maintain cost records and get the same audited.

Hence, apart from capturing the activity wise cost, cost of service / common deptt. also requires to be allocated across all the revenue stream. The cost records involves collation of enormous quantitative data, compare with the precious data in order to ensure its completeness, accuracy and correctness of the same since most of these details are maintained offline in excel files.

Further, cost records.

ORGANISATION CHART

Accountabilies:-

Get the quantitative data collection points and required cost report format created in the ERP package.

Preparation of cost centre wise AOP in the BPC module

Ensure proper accounting of cost to the correct cost centerProvide the awareness to the Concerned user and the team to capture the correct Cost Centre while accounting.

Allocation of service deptt. Cost Centre to other Cost center on periodical basis.

Monitoring of cost center wise cost with the AOP, Review and Monthly Analysis of cost center wise cost reports

Preparation of monthly Cost MIS.

Computation and timely submission of margin of all revenue streams and periodical comparison thereof to indicate the areas of improvement and cost which requires to be closely monitored / controlled.

Maintenance of cost records required to be maintained in order to comply with the Act.

Getting the Cost Audit performed from the Cost Auditors.

Timely submission of required details in relation to AERA filings.

Periodical review of the structure in order to update / develop the same for the changes taken place during the period.

Key Accountabilities

Accountabilies:-

Get the quantitative data collection points and required cost report format created in the ERP package.

Preparation of cost centre wise AOP in the BPC module

Ensure proper accounting of cost to the correct cost centerProvide the awareness to the Concerned user and the team to capture the correct Cost Centre while accounting.

Allocation of service deptt. Cost Centre to other Cost center on periodical basis.

Monitoring of cost center wise cost with the AOP, Review and Monthly Analysis of cost center wise cost reports

Preparation of monthly Cost MIS.

Computation and timely submission of margin of all revenue streams and periodical comparison thereof to indicate the areas of improvement and cost which requires to be closely monitored / controlled.

Maintenance of cost records required to be maintained in order to comply with the Act.

Getting the Cost Audit performed from the Cost Auditors.

Timely submission of required details in relation to AERA filings.

Periodical review of the structure in order to update / develop the same for the changes taken place during the period.

EXTERNAL INTERACTIONS

External - Roles you need to interact with outside the organization to enable success in your day to day work

Officials of Income Tax Department

MAG / Internal / Statutory Auditors

Consultants

Vendors

INTERNAL INTERACTIONS

Internal - Roles you need to interact with inside the organization to enable success in your day to day work

Finance and Accounts Team

Secretarial Team

Commercial and Contracts Team

Indirect Tax Team

Legal Team

FINANCIAL DIMENSIONS

• Deduction and remittance of TDS of energy sector of Rs.100 crores (approx.)
• Payment of income tax of energy sector of Rs.40 crores (approx.)
• Properly Handling of Income tax assessment which would otherwise result in huge financial loss and litigations.
• Turnover and Capital work-in-progress of energy sector aggregating to Rs.1,60,000 crores (approx.).
  
  

Other Dimensions

• Interaction with various persons of income tax officials ( i.e. Range 11 (15 persons) , TDS section 15 persons, CPC 3 persons) and tax, internal and statutory auditors.
  
  

Education Qualifications

• Chartered AccountanT
  
  

Relevant Experience

• Minimum of 11 years of experience in handing income tax matters.
  
  

COMPETENCIES

• Communication: Ability to listen, interpret, simplify complex concepts, thoughts & ideas in verbal / non verbal form. | Interview
• Decision Making: Ability to systematically think through a problem and its component parts, garner relevant information and not taking things at face value. | Interview
• Personal Effectiveness: Demonstrating responsibility & reliability through actions to manage critical and challenging situations. | Interview
• Business Insight: Ability to understand the implications of Business decisions and strive to enhance organizational performance. | Interview
• Execution and Operational Excellence: Ability and desire to execute with attention to detail, speed, accuracy and consistency | Interview
• Managing Performance: Effectively monitors and measures performance. Develops people and drive results. | Interview
• Problem Solving: Ability to identify solutions exploring different options in gathered information. | Interview
• Team Leadership, Teamwork & Interpersonal Influence: Capability to develop & converge individual potential to execute team objectives. Effectively intermingle and relate with individuals in a positive manner. | Interview
• Stakeholder Focus
• Networking
• Execution & Results
• Teamwork & Interpersonal influence
• Problem Solving & Analytical Thinking
• Planning & Decision Making
• Capability Building
• Strategic Orientation
• Personal Effectiveness
• Entrepreneurship
• Social Awareness
• Innovation
• Managing Change and ambiguity by creating Win-Win
• Determination(Contextual and Flexible)
• Learning Ability
• Making & Navigating proposals
• Scanning, Networking & External orientation
• Legal Knowledge Application
• Dispute Resolution/Litigation Management