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Analyst - Tax

EY is seeking an Analyst for their Tax team to assist clients with tax compliance and reporting obligations. The role involves executing engagements efficiently, contributing to various tax areas including global compliance, indirect tax, transfer pricing, and direct tax, while maintaining professional standards. Candidates should possess a relevant degree, strong communication skills, and a proactive approach to client service.

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6 views

Analyst - Tax

EY is seeking an Analyst for their Tax team to assist clients with tax compliance and reporting obligations. The role involves executing engagements efficiently, contributing to various tax areas including global compliance, indirect tax, transfer pricing, and direct tax, while maintaining professional standards. Candidates should possess a relevant degree, strong communication skills, and a proactive approach to client service.

Uploaded by

Edit With Mobile
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Job specifications:

Analyst – Tax
Analyst – Tax

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 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 the 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 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

Analyst – Tax
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
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 team work 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 review of client’s annual report and compute profit margins/ratios
• Undertake review of annual reports of companies engaged in 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, 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

Analyst – Tax
• 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 ageing
o Group Company recos
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

Analyst – Tax
• IT Savvy
• Assertive and proactive approach to the delivery / implementation of client
engagements
• Ability to network effectively within large organisations and build relationships with
individuals and clients
• Strong interpersonal skills: written, presentation
• Analytical capability, attention to detail
• Ability to utilise 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.

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.

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.

If you can confidently demonstrate that you meet the criteria above, please contact us as
soon as possible.
Join us in building a better working world. Apply now.

Analyst – Tax

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