Siemens India | Manager - Finance & Procurement Services

Responsibilities

• The role has a strong focus on tax reporting and compliance for listed companies.
• The incumbent will be expected to manage current and deferred tax computations, effective tax rate analysis, advance-tax workings, tax reporting packages and financial-statement tax disclosures in accordance with Indian Accounting Standards and International Financial Reporting Standards.
• The successful candidate should combine strong technical knowledge with hands-on execution capabilities, stakeholder-management skills and a sound understanding of financial reporting requirements applicable to large and listed corporate groups.
• You will be responsible for managing end-to-end corporate tax compliance, quarterly and annual tax reporting, tax accounting, litigation support and direct and international tax advisory activities for Siemens.
• Lead the preparation of quarterly and annual tax provisions, including computation of current tax and deferred tax in accordance with IFRS and Ind AS requirements.
• Prepare effective tax rate analyses and perform comprehensive annual tax calculations for both current and deferred taxes on a quarterly and annual basis, in alignment with IFRS requirements.
• Prepare and review tax reporting packages for group reporting purposes and ensure timely submission to regional and global stakeholders.
• Prepare tax disclosures for financial statements, including current tax, deferred tax, tax rate reconciliations, deferred tax asset and liability schedules, and related note disclosures.
• Support quarterly and annual financial close processes by providing accurate tax provisions, supporting schedules, and management reports.
• Review tax accounting positions and ensure compliance with applicable accounting standards and internal tax governance requirements.
• Develop and maintain robust tax provision, deferred tax, and reporting models to improve reporting accuracy and efficiency.
• Lead preparation and filing of corporate income tax returns and associated statutory compliances within prescribed timelines.
• Coordinate with tax auditors and statutory auditors during tax audits, financial statement audits, and tax reporting reviews.
• Ensure timely completion of tax audits, filing requirements, and regulatory reporting obligations.
• Prepare quarterly advance tax computations and monitor timely payment of taxes.
• Monitor tax positions and ensure adequate documentation is maintained to support tax treatments adopted in returns and financial statements.
• Evaluate tax risks associated with business transactions and advise stakeholders on appropriate tax positions.
• Prepare robust submissions and coordinate responses for assessments, audits, notices, appeals, and litigation proceedings.
• Liaise with external consultants, counsels, and tax authorities in relation to assessments, appeals, refund claims, rectification applications, and demand management.
• Monitor outstanding tax demands, refund status, and litigation trackers and drive timely resolution.
• Provide advisory support on cross-border transactions, withholding taxes, permanent establishment exposures, tax treaty interpretation, and international tax considerations.
• Support tax compliance requirements relating to permanent establishments, and foreign tax positions.
• Drive automation and digitalization initiatives within the tax function to enhance efficiency, standardization, and reporting accuracy.
• Develop and implement robust internal controls around tax reporting, tax accounting, and compliance processes.
• Conduct training sessions and awareness trainings for finance and business stakeholders on key direct tax and tax reporting developments.

Requirements

• Qualified Chartered Accountant. Equivalent international qualifications, such as Certified Public Accountant, may also be considered.
• Additional qualifications such as LL.B., MBA in Finance, Diploma in International Taxation or other relevant tax certifications would be an advantage.
• Relevant post-qualification experience in corporate direct taxation, tax accounting, tax reporting, litigation and international taxation with 4+yrs of experience.
• Mandatory hands-on experience in managing tax provisions and related tax compliance and reporting requirements for a listed company.
• Prior experience with a listed company, multinational corporate group, Big Four consulting firm is desirable.
• Strong technical knowledge of corporate tax and tax accounting.
• Demonstrated ownership of quarterly and annual tax reporting cycles.
• High degree of accuracy, attention to detail and financial discipline.
• Ability to operate effectively within demanding quarterly-close timelines.
• Strong analytical, problem-solving and decision-making capabilities.
• Excellent stakeholder-management and communication skills.
• Strong documentation, review and control orientation.
• Ability to communicate complex tax matters in a concise and business-friendly manner.
• Collaborative mindset with the ability to work across functions, entities and geographies.

Siemens

Siemens is a technology company founded in Berlin in 1847 and headquartered in Munich, Germany. It works across industry, infrastructure, mobility and healthcare, combining automation, electrification and software. Siemens has been present in India since 1867; Siemens Limited, its flagship company in India, is listed on the NSE and BSE, is headquartered in Mumbai and serves customers in digital industries, smart infrastructure and mobility.

Siemens Technology and Services Private Limited runs Siemens' global business services and technology centres in India, including finance and procurement services and controlling and reporting teams in cities such as Thane, Bengaluru and Pune. Finance roles at Siemens in India cover business controlling, financial reporting, accounting and closing, tax, treasury and audit, and suit CA, CMA (ICWA) and MBA (Finance) professionals as well as commerce graduates.

• Industry: Technology company: industrial automation and software, smart infrastructure for buildings and grids, mobility (rail) and financing
• Headquarters: Munich, Germany (Siemens AG); in India, Siemens Limited is headquartered in Worli, Mumbai
• In India: Siemens Limited (listed on the NSE and BSE) and Siemens Technology and Services Private Limited, with offices, factories and global business services centres in cities such as Mumbai, Thane, Bengaluru, Pune and Chennai