Consultant - Tax Transformation Consulting – Provision & Compliance
Do you have a passion to work for US based clients of Deloitte Tax and transform their current state of tax to the next generation of tax functions? Are you ready to take the next step in your career to find new methods and processes to assist clients in improving their tax operations? Are you ready to fulfil your potential and want to have a significant impact to global initiatives? If the answer to all the above is “Yes,” come join Tax Transformation Consulting group in Deloitte India (Offices of the U.S), a service line of Deloitte Tax LLP!
Deloitte Tax Services India Private Limited commenced operations in June 2004. Since then, nearly all the Deloitte Tax LLP (“Deloitte Tax”) U.S. service lines and regions have obtained support services through Deloitte Tax in India. Deloitte Tax in India offers you opportunities to learn U.S. taxation, a much sought-after career option.
At Deloitte, we are leading clients through the tax transformation taking place in the marketplace. We offer a broad range of fully integrated tax services and add greater impact to clients by combining technology and tax technical resources to uncover insights and smarter solutions for navigating an increasingly complex global environment.
Work you’ll do
Increasingly complex tax decisions can have a significant effect—positive or negative—on the future of our clients’ business. Our approach combines insight and innovation from multiple disciplines with business and industry knowledge to help our clients excel globally.
Key responsibilities will be: -
• Support tax provision and compliance engagements, with a focus on ASC 740 processes and controls.
• Assist in the implementation, enhancement, and automation of various Tax software for provision and compliance workflows.
• Analyse tax and financial data to identify process gaps, improve accuracy, and drive efficiency in reporting and compliance activities.
• Process improvements, redesigning client tax departments and evaluating automation opportunities.
• Prepare client ready documentation, status updates, and detailed process materials.
• Work on design and development of tax solutions
• Apply technology skills in areas like implementing the application, data wrangling and analytics.
Qualification and Experience Required –
• 3 to 5 years of experience.
• Full time Masters/Bachelors in Finance/Accounts or equivalent from reputed University or MBA or Chartered Accountant with experience in Finance, Accounting, Taxation and Auditing
• Experience in tax provision and compliance, including strong knowledge of ASC 740.
• Execute data intensive tasks and facilitate organization of data for reporting requirements
• Proficiency in MS Office applications, specifically Excel, Word and PowerPoint
• Motivated to learn new technologies through self-study and work to develop prototypes and solve technical problems
• Preferred experience in one or more of the areas below:
o Provision software – Corptax, ONESOURCE Tax Provision, ONESOURCE Dataflow, Longview, SAP Direct Tax, Oracle FCCS and Oracle TRCS
o US tax compliance software – Corptax, ONESOURCE Income Tax (Federal and International) and ONESOURCE State Apportionment
o Experience in completing U.S. tax returns
o Experience in completing provisions – quarterly and year end
o Experience in Blueprinting, Chart of Accounts Design
o Experience in automation/analytical tools such as:
o Data wrangling tools - Alteryx, Power Query or others
o Analytical tools – Power BI, Tableau, or others
• Knowledge of business and tax processes, creating functional specifications, identifying and developing requirements for new reports and providing user training and support
The Team
Tax Transformation Consulting (TTC) - Ever expanding regulations and increasing scrutiny on multinational corporations has made it necessary for leading-edge tax departments to serve a critical role in the risk management and overall performance of the enterprise. This has resulted in an opportunity for Deloitte to provide even greater value through our tax services, in helping develop tax departments of the future that are strategic, agile, and, above all, focused on creating value for the business, while closely aligned with clients’ core business strategy.
The TTC group helps tax departments pursue a streamlined, transparent and efficient tax function that addresses compliance and planning issues while expanding its strategic support of the broader business enterprise. Our services are focused on tax-sensitized data acquisition, efficient process design and deployment, enterprise and tax-specific software implementation, and organizational design.
Deloitte's TTC group helps our clients’ tax department move forward from their current state to the digitization of tax functions and is dedicated to finding new methods and processes to assist clients in improving their tax operations. Deloitte Tax LLP professionals are aligned worldwide to serve our clients’ needs through the TTC group. Deloitte TTC teams include industry, tax, organizational change, technology, and co-sourcing specialists who can help make the necessary connections between our clients’ global strategies and the many options for carrying them out in the tax function.