Mumbai, IND
17 days ago
Tax Specialist
Job Purpose The Tax Manager is responsible for overseeing and ensuring compliance with corporate, employment and VAT taxation matters for Weatherford. The role will be hands on with the preparation and review of returns/tax packs but also require proactiveness to see the larger scale business agenda. The role requires tax advice and recommendations to reduce the business risks and, where appropriate, maximise tax benefits. The candidate needs to ensure Weatherford are not only compliant with regulations but are ahead of the curve with legislation demands and changes. Roles & Responsibilities SAFETY, SECURITY & COMPLIANCE + Maintains the highest standards of corporate governance, ensuring that all activities are carried out ethically and in compliance with Company’s Security, Compliance & HSE policies, Management System, relevant laws, regulations, standards, and industry practices and complies with the Company’s Rules to Live By + Places Quality, Health & Safety, Security and protection of the Environment as core values while never intentionally placing employees, our processes, customers or the communities in which we live and work at risk + Seeks continual improvement in Health, Safety, Security & protection of the Environment, taking into account responsible care, process vulnerabilities, public, customer and employee inputs, knowledge and technology and best business practices to exceed customer expectations + Supervisors & Managers should demonstrate effective safety leadership for the health and safety arrangements of all subordinates and for any persons visiting them while on the Company premises QUALITY + Responsible for being familiar with the Company's Quality policies and takes an active role in the compliance and improvement of Weatherford’s Management System + Maintains service quality as immediate priorities when working across all areas of the business and continually seeks areas for improvement OPERATIONS + Coordinates and manages the timely and accurate filing of all tax returns for Weatherford + Oversees outsourced tax working paper preparation and manages any correction measures required with shared services function in India. + Review of RTA and TBBS for US GAAP purposes. + VAT processes + Continual analysis of withholding taxes deductions specially regarding the intercompany transactions across several jurisdiction within the Geozone and outside, ensuring the right declaration and deduction, coordinating the tax certificates or documentation needed. + Oversee Corporate tax, prepared by third party advisors and manage the relationship. + Oversee employee´s tax both from employment taxes as well as permanent establishment risk. + Managing the relationship with the tax authorities alongside educating the wider group on any tax legislative changes and associated impact. + Work closely with local finance people to provide training and ensure correct tax accounting. + Manage the response and resolution of tax enquires/audits. + Compliance with transfer pricing regulations and assist with the preparation of transfer pricing documentation prepared by the TP team. + Tax support to the Geozone, key support for tendering team regarding all aspects of taxation, when bidding for work. + Coordinate with project teams regularly to identify tax risk, PE creation, and provide advice during the project execution. + Communicate with external advisors in several countries and negotiate contracts to minimized fees. + Recommend process changes/additions in response to legislative developments. COMMUNICATION + Maintains effective communications with all key stakeholders both internal and where appropriate external + Supervisors & Managers should clearly communicate expectations, roles and responsibilities to their reports FINANCIAL + All employees have an accountability to the organization to be financially responsible whether they are in charge of a function budget or simply their own expenses + Costs incurred should be within approved budget, processed within agreed time frames & following the relevant financial policy and procedure PEOPLE & DEVELOPMENT + Employees have a responsibility for developing their own careers within the Company including completing all necessary function, compliance & business standards training to enhance their knowledge, skills and experience + Employees should engage on a regular basis with their line manager to discuss their personal performance, objectives and opportunities to enhance their skills and experience to support their career potential + Supervisors are expected to actively engaging their employees to support talent management through Weatherford’s performance management process, including but not limited to talent assessments, succession planning & regular coaching opportunities + Supervisors should collaborate with Human Resources & Training Development to drive strategies for the recruitment & retention of key personal & to foster an environment that supports the attraction & retention of a high performing talented workforce VISION & LEADERSHIP + Demonstrates leadership, ethical behavior and adherence to Weatherford standards at all times REQUIRED SKILLS: + Chartered Accountant only. + Relevant professional accounting or taxation accreditation. + At least 7 years’ tax experience, having at least 5 years´ tax experience in Asia Pacific. + Strong tax foundation with reporting and compliance experience. + Strong communication skills. + Experience in an organization with business in several countries. + Ability to work in a team environment and autonomously as required. + Exercise initiative to improve accounting routines and financial reporting. + Good English both verbal and written. Travel Requirement: This role may require domestic and potentially international travel of up to: <10% **\#LI-AG1** Weatherford is a leading global energy services company. Our world-class experts partner with customers to optimize their resources and realize the full potential of their assets. Across our operating locations, including manufacturing, research and development, service, and training facilities, operators choose us for strategic solutions that add efficiency, flexibility, and responsibility to any energy operation. When you join Weatherford, you instantly feel connected to something bigger – a community that is grounded by our core values and driven to create innovative solutions for our customers. We celebrate each other’s successes, grow together, and learn from each other constantly. Individually, we are impressive. Together, we are unstoppable. We are One Weatherford. Weatherford is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.
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