Job Details

Analyst Taxation ? Corporate Finance

Location: BANGALORE, KARNATAKA

Date Opened: 06/11/2019

Job Type:

Job Number: 1900043W

Job Description

 
Who We Are:

HBC is a diversified global retailer focused on driving the performance of high quality stores and their all-channel offerings, growing through acquisitions, and unlocking the value of real estate holdings. Founded in 1670, HBC is the oldest company in North America. HBC's portfolio today includes formats ranging from luxury to premium department stores to off price fashion shopping destinations, with more than 480 stores and over 40,000 employees around the world.

 

HBC's leading banners across North America and Europe include Hudson's Bay, Lord + Taylor, Saks Fifth Avenue, Saks OFF 5TH.

 

HBC has significant investments in real estate joint ventures. It has partnered with Simon Property Group Inc. in the HBS Global Properties Joint Venture, which owns properties in the United States and Germany. In Canada, it has partnered with RioCan Real Estate Investment Trust in the RioCan-HBC Joint Venture.

 

The HBC India corporate teams focus on Finance & Accounting, Technology, Merchandising, and Shared Service operations.  HBC's entrance into this market has expanded the company's global footprint and further established HBC as a truly global retailer.

 

The teams in the India office play an integral role in supporting HBC's strategic plan. Bengaluru's workforce has deep experience in a variety of areas, including finance and accounting, technology, as well as other shared services and will support HBC's operations on an ongoing basis.  

 

You can learn more and view available positions in Bengaluru, by visitinghttp://www.hbcindiacareers.com/.

 
 

Job Responsibilities:

 
 
  • Compliance with tax laws for matters related to HBC India including:
    • Goods and Service Tax (GST) ? appropriate treatment of transaction based on GST laws in the countries including monthly, quarterly and annual fillings and coordinating with the vendors ensuring minimum tax impact on the company and its cash flow.
    • Withholding tax ? work with the finance and accounting team members ensuring appropriate tax withholding on the transaction and ensuring timely payment of taxes to the government.
    • Payroll taxes ? To work with the outsourced payroll provider for appropriate Payroll tax withholding from the employees and payment of those taxes to the government.
    • Advance Tax ? to work with accounting team member and calculate advance tax to be remitted to the government on a quarterly basis.
    • Corporate tax ? to ensure appropriate corporate tax calculation and reporting in the financial statement of the entity including deferred tax treatment.
    • SEZ Compliance ? to ensure SEZ related compliance by the company including filling of monthly, quarterly and annual performance report and softex filling.
    • Support the team in annual statutory and tax audit process along with internal audit requirement to ensure clean audit reports.
    • Deal with any other tax regulation as might be introduced by the government from time to time.
    • Co-ordinate government filings, audits and provide reconciliations.
    • Liaising with external tax consultants
  • Support global tax team towards tax related matters including:
    • Preparing filing and paying of the multistate annual report,
    • Franchise tax
    • Commercial activity fee for the U.S. entities,
    • Tax account reconciliations
    • Monitoring and maintaining the annual report and miscellaneous compliance tax calendar to ensure timely reporting.
  • Work with onshore HBC tax team to ensure integrity and accuracy of financial statement and timely completion of all regular tax reporting as per the close schedule and published requirements.
  • Ensures quality control over financial transactions and financial reporting
  • Supports the preparation of regulatory and statutory reporting and support month-end and year-end close process in accordance with HBC policies and timetables.
  • Supports completion of local, state and government reporting requirements including tax filings.
  • Provision of financial results to support preparation of overall HBC consolidated results in accordance with agreed format/timelines.
  • Ensures compliance with HBC?s financial policies and internal controls and manages the local audit of financial statements for external reporting and tax filings.
 
 

As the Taxation Associate you will :

  • Be responsible for supporting internal accounting and reporting team with the tax related activities for HBC India including but not limited to calculation of appropriate taxes: GST, Corporate Income tax, Advance tax, Transfer pricing, Payroll taxes, Withholding taxes
  • Be responsible for recording all taxation transactions within HBC India?s financial system (Tally) and to ensure the overall integrity and accuracy of financial statements.
  • Be working with global tax team and be responsible for preparing filing and paying of the multistate annual report, franchise tax and commercial activity fee for the U.S. entities, including monitoring and maintaining the annual report and miscellaneous compliance tax calendar to ensure timely reporting.
  • Work both with stakeholders within HBC India, as well as with the taxation team in in Toronto to support consolidation of local Indian financial results into HBC?s overall financial records.
  • Be a key participant in the financial close / reporting process for HBC and ensuring timely tax compliance for all the HBC entities and will work to continuously improve and optimize the process.
  • The incumbent must demonstrate a high degree of attention to detail, as well as strong financial and taxation acumen, including knowledge of local tax laws along with knowledge of international taxation.
The successful candidate must
  • Be a proactive self-starter with a dynamic and resilient nature able to work and lead in a fast-paced, Ability to work in an ambiguous, complex, challenging and fast-paced environment.
  • have demonstrated the ability to manage multiple priorities simultaneously with strict adherence to deadlines.
  • be able to think out of the box and challenge the status quo while being extremely well organized and detailed oriented with demonstrated follow-up skills.
  • be evidence of a high degree of attention to detail and focus on the integrity of accounting and reporting of financial transactions and results.
  • have strong customer service skills, for both internal and external customers. They will demonstrate proven ability to engage with stakeholders across the business and provide critical input to business teams.
  • be a strong problem and have conflict resolution skills.
  • possess excellent communication and interpersonal skills in order to partner with internal and external parties to drive resolution and continual progress.
You have:
  • Strong financial aptitude with Min 2 years of work experience in Corporate taxation with MNCs/GICs, with preference to Retail industry focus.
  • Experience in the development and implementation of internal accounting processes as part of a ?start up? operation in a Shared Service / MNC environment.
  • Working knowledge of local Indian financial reporting and tax compliance requirements.
  • Strong proficiency in Microsoft office suite (Word, PowerPoint, Excel)
  • Chartered Accountant (Recommended)
 
 

How Often You May Travel:

  • NA
  1. Your Life and Career at HBC:
  • Be part of a world-class team; work with an adventurous spirit; think and act like an owner-operator!
  • Exposure to rewarding career advancement opportunities, from IT to Human Resources, Merchandising to Finance.
  • A culture that promotes a healthy, fulfilling work/life balance
 


Job Qualifications

Thank you for your interest with HBC. We look forward to reviewing your application.

 

HBC provides equal employment opportunities (EEO) to all employees and applicants for employment.