Chennai, IND
3 days ago
OTC- Manager
This position requires EU VAT Compliance related knowledge and working experience to handle the review of VAT return prepared by third party and also to guide/answer any queries from various cross functional skill team with respect to EU VAT. **EU VAT – Indirect Tax Compliance related** + Review third party prepared VAT returns against Ford books and TDH + Provide approval for submission of VAT returns by third party + Support transition of all of VAT returns to third party + Ensure that Ford data to third party for VAT return preparation was provided as per agreed timelines + Have regular Monthly Compliance call with third party + Review Invoices based on threshold for the returns prepared by third party + Handle Tax Jurisdiction queries third party + Ensure audit related queries for EU VAT are handled asap + Support review of “aged items” in EU tax accounts + Regular review with Tax accounting team to understand the status of unreconciled accounts due to SL + Ensure all data needed for Tax journals and payments are given to GBS Tax Accounting team + Ensure that all required information is provided to third party + Interact and work with Cross functional skill teams in case of any discrepancy in source system feed + Work with Treasury team/Payables for any tax payments **EU VAT – Invoice Correction** + Ensure invoices assigned to Invoice correction team are corrected and accounted + Participate in meetings with Supplier for any queries with respect to corrections + Regular review of Invoice log with EU Indirect Tax Director + Review the write off related invoices before assigned for EU OTC approval + Provide metrics for A35 submission + Ensure to share the invoice correction details to VAT returns handling team for 6 th Directive and to GBS Tax accounting team for 8 th Directive invoices + Support queries from third party **Property Tax Compliance – US and support for accounting activities in Canada** + Track completion of filing of Personal Property Tax returns + Completion of processing tax bills + Payment processing is completed on time + Assessment notices are completed on time + All data needed for Tax journals are given to GBS Tax Accounting team + All Sub-Ledgers are submitted to GBS Account reconciliation team **UK Income Tax** + Data collection from Statutory Accounting and Fixed Assets Accounting teams for UK entities on time + Completion of preparation of Schedules on expense and income related to UK entities that support filing of Form CT600 **Control Requirements** + Review of metrics related to all of the above activities – Deliverable and Quality metrics + Ensure process controls are adhered, and process improvements are made + Understand and incorporate OTC objectives and review the progress against the objectives + Ensure MCRP are completed within timelines and review the steps to ensure that gaps if any are addressed with a corrective action plan **People Leader role** + Provide opportunities to the team to enhance their skill set + Explore training opportunities and encourage team to attend the relevant trainings + Complete the Performance related discussions based on the guidelines from HR + Be part of objective setting discussions + Have regular connect meeting with the team and guide them on their career growth + Be a mentor to the team + Ensure to backfill the open positions arising out of resignation or people movement EU VAT Knowledge and Working Experience is required **Requisition ID** : 40913
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