About EY
As a global leader in assurance, tax, transaction, and advisory services, we hire and develop the most passionate people in their field to help build a better working world. This starts with a culture that believes in giving you the training, opportunities, and creative freedom to make things better. So that whenever you join, however long you stay, the exceptional EY experience lasts a lifetime.
What working at EY offers
EY is committed to being an inclusive employer and we are happy to consider flexible working arrangements. We strive to achieve the right balance for our people, enabling us to deliver excellent client service whilst allowing you to build your career without sacrificing your personal priorities. While our client-facing professionals can be required to travel regularly, and at times be based at client sites, our flexible working arrangements can help you to achieve a lifestyle balance.
Position: Analyst – Tax
Required: The final year 2021 batch - B.Com
- 80% through Class X and XII & CGPA 8 & Above
In Tax, we help our clients understand and manage their tax compliance and reporting obligations responsibly and proactively. We help them assess, improve and monitor their tax function’s processes, controls, and risk management and maintain effective relationships with the tax authorities. The global Compliance and reporting team works on Corporate and Income tax compliance, accounting compliance, and reporting.
The opportunity: EY is looking for an Analyst in the Tax team
Your key responsibilities
Your main objective is to help the Tax team deliver quality products using general tax knowledge gained from training or education and assistance from more experienced tax professionals. Contribute to profitable growth by ensuring client engagements are executed in an efficient manner. In Tax, we help our clients understand and manage their tax compliance and reporting obligations responsibly and proactively. We help them assess, improve and monitor their tax function’s processes, controls, and risk management and maintain effective relationships with the tax authorities.
1. Global Compliance & Reporting: -
▪ Participate in executing work within a group by assisting by delivering work effectively, and teaming with tax professionals to provide comprehensive tax solutions. ▪ Ensure that the areas of work assigned are executed in accordance with the work programme and the firm’s methodologies and guidance, and professional standards. ▪ Use electronic working papers, efficiently including various software applications and sources of knowledge in an appropriate manner to conduct research. ▪ Acquire and demonstrate competence in technical knowledge, and compliance process by keeping up to date on trends, developments, and technical authorities and apply them to moderately complex situations. ▪ Analyze and convert data into a tax product (advisory/compliance) and ensure accuracy and timeliness of the product. ▪ Where applicable thoroughly check documents and make them available for tax inspections in an appropriate manner. ▪ Demonstrate professionalism through a positive and cooperative attitude and by maintaining the confidential and proprietary nature of client relationships and related work products. ▪ Sensitive towards EY code of conduct, values, and quality standards
2. Indirect Tax:
• Be responsible for complete execution of the assigned engagements (a) Preparation and assistance with return filing and report generation. • Be aware of services that the practice provides-Build internal networks to develop an understanding of service line offerings and bring potential opportunities to the attention of the team. • Understand the basic technical issues during reviewing data and bring discrepancies / additional data requirements to the attention of the team. • Coordinate with the manager/senior executive regards the planning and management of assignments. • Provide input for process improvements/automation. • Provide quality service, be commercial and reduce rework • Maintain composure and exercises control in pressure situations in the team. • Contribute to effective teamwork in internal engagement situations. • Ability to meet/adhere to strict deadlines, being passionate about the client support specialist role • Prior experience/insight into GST and Customs, as also the erstwhile Indirect taxation viz. Sales Tax/ Service Tax/Central Excise is desirable
3. Transfer Pricing:
• Understanding of the business models/supply chain of the clients • Identify various transactions undertaken by the client within its group or within related • parties • Undertake a review of client’s annual report and compute profit margins/ratios • Undertake a review of annual reports of companies engaged in a similar line of • industry/business and computation of their profit margin/ratios • Preparing transfer pricing documentation reports based on the above • Preparing technical submissions for assessments & appellate level • Undertaking technical research on tax and transfer pricing matters of India/global • Moderate knowledge of tax & transfer pricing and also the industry / specialized field
4. Direct Tax:
• Your main objective is to help the Tax team deliver quality products using general tax knowledge gained from training or education and assistance from more experienced tax professionals. • Identifying accounting & auditing issues; discuss with audit in-charge to solve issues that arise, • Assist the seniors in replying to queries raised by Foreign Institutional Investors (FII clients) on issues such as capital gains computation, trades reconciliation, tax payments, the return of income, etc. • Checking capital gains tax computations for trades in securities undertaken by FII clients • Assist in preparing the income-tax return for FII clients • Undertaking technical research on the income-tax provisions impacting the taxation of FII clients • Preparing submissions in relation to assessment and appellate proceedings in the case of FII clients and support the seniors in appearing before the income-tax authorities • Appearing before the income-tax authorities on routine matters concerning the FII clients • Support in handling administrative responsibilities for the FII clients allocated to you such as engagement letters, internal QRM, filing of client papers, billing follow-up, etc.
5. Accounting, Compliance & Reporting:
➢ Record to report o Recording/reviewing advances, borrowings, forex gain/loss, accrued expenses
o Review of Open PO’s
o Preparing accrued expense aging
o Group Company records
o CCPS accounting
o Variation analysis
o MIS support
➢ Procure to pay
o Payment to all vendors
o Vendor reconciliations
o Payroll compliance and accounting
o Variation analysis
o MIS support
➢ FRC
o FS preparation
o Board pack assistance
o Facilitating audits
o TRAI submissions
o Response to DOT pertaining to matters related to FS
o Consolidation
o Client reporting
o Variation analysis
o MIS support
Contribute to the overall success of the team by developing a thorough understanding of EY methodologies and tools to enhance service delivery; keeping team members informed of work status; actively seeking assignments when unassigned; proactively seeking opportunities to provide tax services
Skills and attributes for success
• Candidates should be willing to travel • Flexibility to work back in teams with diverse background • Good Interpersonal and communication skills • IT Savvy • Assertive and proactive approach to the delivery/implementation of client engagements • Ability to network effectively within large organizations and build relationships with individuals and clients • Strong interpersonal skills: written, presentation • Analytical capability, attention to detail • Ability to utilize research effectively and explain complex subjects in a clear manner To qualify for the role you must have • A Bachelor’s degree in Commerce, Management, Accounts, Finance or Economics and other graduate streams or a related discipline. Ideally, you’ll also have • Strong communication, facilitation, relationship-building, presentation, and negotiation skills • Be highly flexible, adaptable, and creative • Comfortable interacting with senior executives (within the firm and at the client) • Strong leadership skills and supervisory responsibility
What we look for
People with the ability to work in a collaborative way to provide services across multiple client departments while adhering to commercial and legal requirements. You will need a practical approach to solving issues and complex problems with the ability to deliver insightful and practical solutions.
Campus (virtual): March 1 to 5, 2021 (full week process)
CTC: Rs.3.5/- lacs pa
Application Link: https://forms.gle/
Last date: February 24, 2021
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