Compliance Analyst at Target

Bengaluru, Karnataka, India

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Retail, FinanceIndustries

Requirements

College degree in accounting
Preferably a Chartered Accountant / Company Secretary with 1-4 years of post-qualification work experience
Experience from industry or reputed auditing firms (preferably audit practice/compliance)
Preferably having knowledge of indirect taxation/STPI & SEZ/HR Laws/FEMA
Strong analytical skills with excellent attention to detail
Good communication skills
Proficiency in basic accounting systems

Responsibilities

Support the development of a framework for continuous evaluation of risks at Target India finance
Work with the legal and external teams towards implementation and compliance with new regulatory changes applicable for Target India Finance
Monitor testing of Internal Financial Controls (IFCs) as defined under Companies Act 2013 related to Corporate Finance
Assist projects within the finance teams to ensure that internal/external audit observations are addressed and necessary actions are taken within the committed timelines for the closure of the observations
Support STPI-SEZ statutory compliance with day-to-day activities
Manage GRC tool in Archer, including review of compliance with Finance, Treasury, Tax, HR – Payroll & STPI & SEZ compliance
Ensure that withholding taxes are deposited as per the statutory timelines
Ensure compliance including but not limited to various Customs related Act, GST, MSME, Companies Act etc
Ensure compliance with the provisions of the Foreign Exchange Management Act 2000
Partner with the FAR team, HR and legal teams to ensure all Human Resources related statutes (e.g. Provident Fund; Gratuity; Payments of Bonus Act) etc. are complied with
Review and update Standard Operating Procedures and support in physical verification of fixed assets
Build and review RACI and support teams within Corporate Finance
Assist team members in compliance with the Information Protection Policies and data management of the company
Prepare compliance dashboard for the leadership to provide and update on Operational and Compliance status

Skills

Compliance

Risk Evaluation

Internal Financial Controls

Companies Act 2013

GST

Customs Act

FEMA

STPI-SEZ

GRC Archer

SOP

Audit Management

Regulatory Compliance

Withholding Taxes

HR Statutes

Treasury Compliance

Tax Compliance

Target

Retailer offering diverse consumer goods

About Target

Target Corporation is a retail company that offers a wide range of products, including clothing, electronics, home goods, and groceries, through nearly 2,000 stores and an online platform. Its "Design For All" philosophy allows it to provide high-quality, affordable products that cater to diverse customer needs. Target differentiates itself from competitors with its owned brands and the Target Circle loyalty program, which enhances customer engagement. The company's goal is to support sustainability and community initiatives by giving back 5% of its profits to local communities.

Minneapolis, MinnesotaHeadquarters

2005Year Founded

N/ACompany Stage

Consumer GoodsIndustries

10,001+Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Paid Sick Leave

Paid Holidays

Paid Vacation

401(k) Retirement Plan

Employee Discounts

Risks

Increased competition from online-only retailers like Amazon threatens Target's market share.

Rising labor costs due to new minimum wage laws could impact profit margins.

Supply chain vulnerabilities from geopolitical tensions may affect inventory and pricing strategies.

Differentiation

Target's 'Design For All' philosophy offers unique, high-quality products at affordable prices.

The Target Circle loyalty program enhances customer engagement and shopping experience.

Target's commitment to sustainability and community support sets it apart from competitors.

Upsides

Experiential retail and 'retailtainment' strategies can boost customer engagement and foot traffic.

Augmented reality integration offers immersive shopping experiences showcasing Target's unique designs.

Omnichannel retail strategies enhance customer experience by integrating online and offline shopping.

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