Assistant Vice President - Taxation & Compliance

Role Description:

Join Tata AIA Life Insurance, a leading and fastest-growing life insurance provider in India, established in 2001 as a joint venture between Tata Sons Pvt. Ltd. and AIA Group Ltd. Our company embodies a legacy of trust, integrity, and excellence, combining Tata's esteemed leadership with AIA's extensive pan-Asian expertise. At Tata AIA, our vision is to be the pre-eminent protection provider enabling dreams and inspiring healthier, happier lives. We foster a culture of innovation, inclusivity, and continuous learning, offering dynamic career growth opportunities and a supportive work environment. Recognized as a 'Great Place to Work' and recipient of the Kincentric Best Employer Award, we are committed to employee satisfaction and holistic well-being.

Position Overview:

The employee will assist the SMT - Finance & Accounts to ensure overall tax compliance with robust processes and control around Direct/Indirect tax compliances applicable to the Company at the national level.

Key Result Areas:

Direct and Indirect Tax Compliance:

- Timely and accurate payment of taxes.

- Timely and accurate filing of Direct and Indirect returns.

- Manage tax litigation for the Company in Direct and Indirect taxes with complete audit trail.

- Manage Taxation accounting, tax computation and various statutory audits.

- Optimize tax cost for the Company with no leakages.

Business Process Re-engineering Tax Compliance:

- Facilitate the rollout of process excellence initiative with focus on Business process re-engineering by developing process modeling and measurement system for various tax related compliances.

- Drive process standardization for the organization with an objective of optimizing Tax compliance process.

- Establish Tax compliance process workflow with the help of functional SMEs across organization.

- Capture process and procedure level deviations and ensure periodic reporting of gaps.

- Govern new tax process rollouts and system implementation.

- Deploy effective metrics and KPIs to measure the effectiveness of the tax processes.

Managing Financial Risk and Controls:

- Maintain the Risk Management framework and supporting policies for various tax related processes.

- Maintain the repository of RCSA/IFC/tax notices tracker/tax refund receivables/tax control reports.

- Ensure robust documentation to support various tax compliances to eliminate risk of tax notices, demands, or interest penalties.

Skills Required:

- Knowledge of Direct/Indirect tax laws applicable from time to time.

- Tax Process and Technology: Ability to understand business processes around tax and drive process excellence in coordination with IT.

Incumbent Characteristics:

- Qualification: CA/CS.

- Six Sigma Black/Green Belt certified with an understanding of insurance/BFSI processes.

- 10+ years of work experience in Tax Compliance, Process, and Technology.

Disclaimer:

Tata AIA Life Insurance does not charge any fees from candidates during the hiring process. Verify job offers through official Tata AIA communication channels to avoid fraud.