Record to Report Ops Specialist at Accenture

Bengaluru, Karnataka, India

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Finance, Professional ServicesIndustries

Requirements

BCom/MCom qualification
7 to 11 years of experience
Good understanding of Taxation process
MS Office proficiency
Ability to compute current tax and deferred tax, populate ETR calculations and commentaries
Ability to compute tax provision, deferred tax, analyze permanent differences, and prepare tax notes for statutory accounts
Preparation of annual tax returns for legal entities
Preparation of PRT tax returns (field based taxation)
Preparation and payment of quarterly advance tax (thrice a year), operating plan cash tax numbers, and LE cash tax numbers
Tax Journal Processing
Balance sheet Reconciliation (Tax GLs)
Quarterly preparation of VAT Return, VAT calculation file, and reconciliation
Quarterly preparation of VAT Reclass by CC
Quarterly preparation of documentation for VAT Refund application
Monthly preparation and submission of CIS Return, and preparation of CIS payments if necessary (based on SAP data)
Import VAT calculation for Bacton and St Fergus locations based on data from Nspgas, UKDCC
Effective Verbal Communications (ability to engage concisely with stakeholders)
Ability to handle disputes
Ability to manage multiple stakeholders
Collaboration and interpersonal skills
Ability to establish strong client relationships
Good Written and Verbal Communication
Knowledge of Oil & Gas business
Management of SLA and KPIs
Process control and compliance
Virtual Transition experience
Knowledge of Taxation and Regulatory reporting
Knowledge of Cash Management
Variance Analysis
SAP/Blackline knowledge

Responsibilities

Collecting operational data/reports, conducting analysis, and reconciling transactions to determine financial outcomes
Posting journal entries
Preparing balance sheet reconciliations
Reviewing entries and reconciliations
Preparing cash forecasting statements
Supporting month-end closing
Preparing reports
Supporting audits
Posting direct tax, indirect tax, and GST entries and returns
Designing and implementing processes for direct Tax/income tax, including planning, accounting, compliance, and audit
Analysis and solving of moderately complex problems
Creating new solutions, leveraging and adapting existing methods and procedures
Understanding strategic direction set by senior management related to team goals
Interacting with direct supervisor, peers, management at client/Accenture
Receiving guidance on methods and procedures for new assignments
Making decisions that impact the team
Managing small teams and/or work efforts at client or within Accenture

Skills

Key technologies and capabilities for this role

Record to ReportTax Process DesignDirect TaxIndirect TaxGSTIncome Tax PlanningIncome Tax AccountingIncome Tax ComplianceIncome Tax AuditTax ProvisionDeferred TaxETR CalculationsTax ReturnsPRT TaxMS OfficeBalance Sheet ReconciliationsJournal EntriesCash ForecastingMonth End Closing

Questions & Answers

Common questions about this position

What qualifications and experience are required for this role?

Candidates need a BCom/MCom qualification and 7 to 11 years of experience. The role requires a good understanding of taxation processes, MS Office proficiency, and skills in tax computations, returns preparation, and reconciliations.

What are the key responsibilities in this Record to Report Ops Specialist position?

Responsibilities include posting journal entries, preparing balance sheet reconciliations, supporting month-end closing, handling direct and indirect tax processes, preparing tax returns, and VAT calculations and submissions.

What is the employment type for this position?

This is a full-time position.

What soft skills are needed for this role?

Required soft skills include effective verbal communications, ability to handle disputes, manage multiple stakeholders, collaboration and interpersonal skills, and establishing strong client relationships.

What makes a strong candidate for this Record to Report Ops Specialist role?

A strong candidate will have BCom/MCom, 7-11 years of experience in taxation processes including tax computations, returns, reconciliations, and VAT handling, plus strong communication and stakeholder management skills.

Accenture

Global professional services for digital transformation

About Accenture

Accenture provides a wide range of professional services, including strategy and consulting, technology, and operations, to help organizations improve their performance. Their services assist clients in navigating digital transformation, enhancing operational efficiency, and achieving sustainable growth. Accenture's offerings include cloud migration, cybersecurity, artificial intelligence, and data analytics, which are tailored to meet the needs of various industries such as financial services, healthcare, and retail. What sets Accenture apart from its competitors is its extensive industry knowledge and ability to deliver comprehensive solutions that address both immediate challenges and long-term goals. The company's aim is to support clients in reducing their environmental impact while driving innovation and growth.

Dublin, IrelandHeadquarters

1989Year Founded

$8.5MTotal Funding

IPOCompany Stage

Consulting, Enterprise Software, CybersecurityIndustries

10,001+Employees

Risks

Rapid AI advancements may outpace Accenture's current capabilities, risking competitive disadvantages.

Integration challenges from multiple acquisitions could affect Accenture's operational efficiency.

The rise of AI-driven startups may disrupt Accenture's market share in customer service solutions.

Differentiation

Accenture's acquisitions enhance its capabilities in digital twin technology for financial services.

The company is expanding its expertise in net-zero infrastructure through strategic acquisitions.

Accenture's focus on software-defined vehicles positions it as a leader in automotive innovation.

Upsides

Accenture's investment in EMTECH supports central bank modernization amid digital currency evolution.

The acquisition of Award Solutions boosts Accenture's presence in the growing 5G and IoT markets.

Accenture's strategic acquisitions align with high-growth markets like digital twins and net-zero projects.

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