Associate Manager - Taxation - 14016

Job Description

Job Purpose Analytical MIS reports in detail and Audit committee( RPT & proposed RPT, CG-exposure & projections , Compliance certificate & Projections Vs Actuals & projections reports ) providing for Management for timely decision making Compliance certificates, Profitability & Debt exposure statements, investment incomes & finance expenses reconciliations, Agreements, wealth tax & Audit queries. Gateways -Financials, Advance tax, Tax Audit & ETDS returns, TDS payments Audit queries. The purpose of this position is to lead and manage the organization?s direct tax function, ensuring full compliance with applicable tax laws and regulations while optimizing tax efficiency. The role is critical in safeguarding the company?s financial interests through effective tax planning, risk management, and litigation strategy. By aligning tax practices with business objectives, the Manager ? Direct Tax contributes to the organization?s overall financial health, regulatory reputation, and strategic growth in the energy sector. ORGANISATION CHART Group Direct Tax Head - Energy Sector Tax Head - Associate Manager Key Accountabilities Accountabilities Key Performance Indicators Direct Tax Compliance Timely filing of income tax returns, TDS returns, and advance tax payments Zero or minimal notices from tax authorities Tax Planning & Optimization Effective tax strategies leading to measurable savings Alignment with business goals and regulatory framework Handling Tax Assessments & Litigations Successful closure of assessments with minimal additions Timely response to notices and appeals Reduction in contingent liabilities Advisory on Transactions & Structuring Tax-efficient structuring of business transactions (e.g., acquisitions, divestments, power purchase agreements) Compliance with GAAR, transfer pricing, and other provisions Monitoring Changes in Tax Laws Timely dissemination of relevant updates to internal stakeholders Implementation of changes in processes and documentation Coordination with External Consultants & Legal Counsel Quality and timeliness of inputs provided Cost-effective engagement and resolution outcomes Internal Stakeholder Management Satisfaction score from finance, legal, and business teams Timely support for audits, budgeting, and reporting Documentation & Record Keeping Accuracy and completeness of tax records Readiness for audits and assessments KEY ACCOUNTABILITIES - Additional Details EXTERNAL INTERACTIONS External - Roles the incumbent need to interact with outside the organization to enable success in day to day work Tax Consultants & Advisors ? For expert opinions, tax planning strategies, and litigation support. Statutory Auditors ? For audit-related tax disclosures and reconciliations. Income Tax Department & Regulatory Authorities ? For assessments, appeals, and compliance-related interactions. Legal Counsel ? For handling tax litigations and interpreting complex tax laws. Industry Forums & Tax Associations ? For staying updated on regulatory changes and representing the company?s interests. INTERNAL INTERACTIONS Internal - Roles the incumbent need to interact with inside the organization to enable success in day to day work Finance & Accounts Team ? For coordination on tax provisions, reconciliations, and reporting. Legal Department ? For managing tax disputes and legal interpretations. Business Units & Project Teams ? For evaluating tax implications of transactions and contracts. Corporate Strategy & M&A Team ? For tax structuring of mergers, acquisitions, and other strategic initiatives. Senior Management ? For presenting tax positions, risks, and strategic recommendations FINANCIAL DIMENSIONS Annual Taxable Income Managed: ?500?1,000+ Crores Direct Tax Payments Handled: ?50?500+ Crores annually Litigation Exposure: ?100?500+ Crores under dispute across various jurisdictions Value of Transactions Reviewed for Tax Impact: ?1,000+ Crores annually Transfer Pricing Adjustments & Compliance: Covering intercompany transactions worth ?100+ Crores Other Dimensions Team Size Managed: Directly manages a team of 2?4 tax professionals and coordinates with cross-functional finance teams. Geographical Scope: Responsible for direct tax compliance across multiple states in India and select international jurisdictions (if applicable). Number of Tax Filings Annually: Over 50 filings including income tax returns, TDS returns, and other statutory submissions. Litigation Cases Handled: Manages 10?15 active tax litigation cases at various appellate levels. Stakeholder Engagements: Regular interactions with 8?10 internal departments and 4?5 external agencies. Education Qualifications Chartered Accountant Relevant Experience Minimum 5 years of post-qualification experience in direct taxation. Experience should include: Tax compliance and reporting Handling tax assessments and litigation Exposure to transfer pricing and international taxation (preferred) Working in or with companies in the Energy or Infrastructure sector (preferred) COMPETENCIES Personal Effectiveness Social Awareness Entrepreneurship Problem Solving & Analytical Thinking Planning & Decision Making Capability Building Strategic Orientation Stakeholder Focus Networking Execution & Results Teamwork & Interpersonal influence