Tax Accounting Analyst Job in Chennai | New Opportunity

A Tax Accounting Analyst manages tax compliance, prepares returns, and conducts research. Tax Accounting Analysts analyze financial data, collaborate with auditors, and ensure adherence to regulations. They communicate tax strategies, supporting business decisions while minimizing liabilities and optimizing financial outcomes.

• Job Role: Tax Accounting Analyst 
• Salary: Not Disclosed
• Location: Chennai, Tamil Nadu
• Company: Ford Motor Company

About Company:

Ford Motor Company, based utilizing Henry Ford in 1903, is a global automotive chief founded in Dearborn, Michigan. Known for its iconic brands like Ford and Lincoln, the corporation revolutionized the enterprise with assembly line production. Ford produces several cars, which include electric-powered models and focuses on innovation, sustainability, and smart mobility answers to satisfy evolving client demands and environmental dreams.

Role Overview:

The Tax Accounting Analyst role at Ford Motor Company in Chennai, Tamil Nadu, is a full-time function for CA/CMA qualified applicants with tax accounting experience. Proficiency in Excel and Alteryx is tremendous. Strong verbal exchange and interpersonal abilities are essential. Tax Accounting Analyst responsibilities consist of handling quarterly tax provisions, preparing VAT submission documents, performing account reconciliation, and posting magazine entries in SAP. The function also entails helping with audits, dealing with excessive-chance spreadsheets, updating desk procedures, and supporting the Return to Provision system and elderly item reviews for control. Additionally, the analyst will help with MCRP testing and offer essential information to auditors.

Responsibilities Of Tax Accounting Analyst Job in Chennai:

Handle Quarterly Direct Tax Provisions:

• Manage and make certain accuracy in quarterly direct tax provisions for Ford affiliates.
• Collaborate with relevant departments to collect important facts and insights for accurate tax provisions.

Preparation of VAT Submission Files:

• Compile and prepare enter and output VAT submission documents for authorities and government.
• Ensure compliance with nearby VAT rules and submission cut-off dates.

Account Reconciliation Activities:

• Conduct comprehensive account reconciliation, including sub-ledger training.
• Analyze and clear up reconciling gadgets to make certain accurate financial information.

Perform Accounting Close Activities:

• Prepare and publish journal entries in SAP for both direct and indirect tax approaches.
• Ensure timely and correct completion of month-to-month, quarterly, and annual accounting near activities.

Support Return to Provision Process:

• Assist within the annual method to reconcile and modify tax provisions to real tax returns.
• Ensure compliance with internal guidelines and regulatory necessities.

Review High-Risk Spreadsheets:

• Conduct quarterly and annual opinions of spreadsheets classified as an excessive threat.
• Identify potential mistakes or discrepancies and put into effect corrective movements.

 Update and Create Desk Procedures:

• Annually update existing desk approaches to mirror modern practices and regulatory modifications.
• Develop new approaches as needed to decorate operational efficiency and compliance.

Support for Audits:

• Provide essential data and documentation to auditors at some point during inner and outside audits.
• Assist in addressing audit queries and enforcing endorsed adjustments.

Aged Item Reviews:

• Conduct reviews of elderly objects for control review.
• Identify, analyze, and clear up lengthy-standing gadgets to keep smooth monetary facts.

Support MCRP Testing:

• Participate in the trying out of the Management Control Review Program (MCRP) to make certain control effectiveness.
• Document and file findings to assist continuous development efforts.

 Skills and Qualifications Of Tax Accounting Analyst :

Education and Certification:

Chartered Accountant (CA) or Cost and Management Accountant (CMA) qualification.
Prior enjoyment in tax accounting is favored.

Technical Skills:

• Proficiency in Microsoft Excel for statistics analysis and reporting.
• Knowledge of Alteryx is an brought benefit.
• Experience with SAP or similar ERP structures for accounting strategies.

Communication and Interpersonal Skills:

• Strong oral and written verbal exchange competencies for powerful interaction with pass-purposeful groups and external stakeholders.
• Excellent interpersonal skills to paint collaboratively within a group-oriented environment.

Analytical and Problem-Solving Skills:

• Ability to investigate complicated financial statistics and carry out special reconciliations.
• Strong problem-fixing capabilities to identify and resolve accounting discrepancies.

Organizational Skills:

Ability to manipulate a couple of duties and meet deadlines in a fast-paced environment.
Attention to detail and an excessive degree of accuracy in economic reporting.

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