4 days old

Tax Information Reporting - Tax Manager

Citigroup
Mumbai
  • Jobs Rated
    129th
The Tax Manager provides full leadership and supervisory responsibility. Provides operational/service leadership and direction to team(s). Applies in-depth disciplinary knowledge through provision of value-added perspectives or advisory services. May contribute to the development of new techniques, models and plans within area of expertise. Strong communication and diplomacy skills are required. Generally has responsibility for volume, quality, timeliness of end results and shared responsibility for planning and budgets. Work affects an entire area, which eventually affects the overall performance and effectiveness of the sub-function/job family. Full supervisory responsibility, ensuring motivation and development of team through professional leadership to include duties such as performance evaluation, compensation, hiring, disciplinary and terminations as well as direction of daily tasks and responsibilities.


**Responsibilities:**


+ Responsible for the overall management of the tax liabilities, of Citi, both directly and in connection with transactions with clients, including the related compliance, financial reporting, planning and controversy processes.

+ Contributes to the planning, accounting, filing and the reporting of tax liability of the company.

+ Assists in determining and compiling information required to satisfy income tax filing and related requirements at all levels of jurisdiction.

+ May participate in managing payments to tax authorities in compliance with specific tax regulations.

+ Manages professional team(s) and department(s).

+ Integrates expertise and industry expertise within a defined area.

+ Advises on standards around which others will operate.

+ Requires in-depth knowledge of how areas harmoniously integrate within the sub-function.

+ Coordinates and contributes to the goals of the entire function.

+ Uses communication and diplomacy skills to guide and influence others, in particular colleagues in other areas and occasionally external customers.

+ Manages a small team, or function as a single incumbent with management responsibilities for a function.

+ Perform other duties and functions as assigned

+ Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.


**Qualifications:**


+ 5-8+ years of experience


**Education:**


+ Bachelors degree


**ROLE & RESPONSIBILITIES**


**Objectives:**


Responsible for in-scope processes related to one or multiple Citi lines of business within the centralized Tax Information Reporting function in FRSS. This position supports the reduction/elimination of Citi's franchise & regulatory risk through accurate and timely reporting and enhanced due diligence on customer accounts. The incumbent is expected to migrate information reporting work from various sub-units within the Business Line into FRSS; this process includes training and job shadowing, building documentation such as procedures and process flows, and identifies gaps in the process based on IRS regulations. In addition, the incumbent will support a specific business vertical and is expected to develop and enhance their product knowledge within a short timeframe. This position will work in a team-oriented environment.


**Core Responsibilities:**


+ Act as a tax / information reporting specialist to execute the FATCA & CRS advisory/ rollout, Systems conversions/rollouts.

+ Executes the tax information reporting processes to products issued by Citis business

+ Migration of work into our centralized hub

+ Develop "Go To" processes and implement appropriate procedures/ controls to ensure consistent compliance with Information Reporting & FATCA requirements

+ FATCA and CRS operations delivery of KPI & KRIs and Information reporting 1042s, 1099, 8966 and CRS reporting

**Day-to-Day Responsibilities:**


+ Support FRSS Service Delivery / Engagement model with client constituency and other key stakeholders

+ Identify and participate in process reengineering & redesign to achieve better controls, compliance and efficiency

+ Support audits with IRS and Internal Audit (IA), and any other special audits.

+ Participate in self-assessment testing, MCA, SOX controls as well as any audits with IRS Or Citi's IA.

+ Ensure tight controls over owned processes to include key controls and COB

+ Support Technology projects from a technical tax perspective

+ Contribute towards departmental requirement to adhere to strict regulatory and Compliance requirements, per IRS and Citi policy.

+ Perform reviews of written tax policy and procedures, research and respond to inquiries from operational areas.

+ Handle Tax reporting for US and Non-US legislations.


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**Job Family Group:**


Finance

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**Job Family:**


Tax

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**Time Type:**


Full time

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Citi is an equal opportunity and affirmative action employer.


Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.


Citigroup Inc. and its subsidiaries ("Citi) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review **Accessibility at Citi (https://www.citigroup.com/citi/accessibility/application-accessibility.htm)** .


View the "EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " poster. View the EEO is the Law Supplement (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) .


View the EEO Policy Statement (http://citi.com/citi/diversity/assets/pdf/eeo\_aa\_policy.pdf) .


View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp\_%20English\_formattedESQA508c.pdf)
Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.

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Jobs Rated Reports for Tax Preparer

Posted: 2022-05-13 Expires: 2022-06-12

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Tax Information Reporting - Tax Manager

Citigroup
Mumbai

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Tax Preparer
129th2019 - Tax Preparer
Overall Rating: 129/199
Median Salary: $39,390

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