The Tax Analyst 2 is a developing professional role. Applies specialty area knowledge in monitoring, assessing, analyzing and/or evaluating processes and data. Identifies policy gaps and formulates policies. Interprets data and makes recommendations. Researches and interprets factual information. Identifies inconsistencies in data or results, defines business issues and formulates recommendations on policies, procedures or practices. Integrates established disciplinary knowledge within own specialty area with basic understanding of related industry practices. Good understanding of how the team interacts with others in accomplishing the objectives of the area. Develops working knowledge of industry practices and standards. Limited but direct impact on the business through the quality of the tasks/services provided. Impact of the job holder is restricted to own team.
Name of the
Organization: Citi
Requisition
ID: 24784780
Positions: Officer - Tax
Analyst 2
Location: Mumbai (Hybrid)
Salary: As per
company Norms
Educational
Qualifications:
- Bachelors degree
- 0-2 years of experience
Job Description:
Responsible
for in-scope processes related to one or multiple Citi lines of business within
the centralized Tax Information Reporting function in FRSS. This position supports the
reduction/elimination of Citi's franchise & regulatory risk through
accurate and timely reporting and enhanced due diligence on customer
accounts. The incumbent is expected to
migrate information reporting work from various sub-units within the Business
Line into FRSS; this process includes training and job shadowing, building
documentation such as procedures and process flows, and identifies gaps in the
process based on IRS regulations. In
addition, the incumbent will support a specific business vertical and is
expected to develop and enhance their product knowledge within a short
timeframe. This position will work in a team-oriented environment.
Core
Responsibilities:
- Act as a tax / information reporting specialist to execute the FATCA & CRS advisory/ rollout, Systems conversions/rollouts.
- Executes the tax information reporting processes to products issued by Citi’s business
- Migration of work into our centralized hub
- Develop "Go To" processes and implement appropriate procedures/ controls to ensure consistent compliance with Information Reporting & FATCA requirements
- FATCA and CRS operations – delivery of KPI & KRI’s and Information reporting 1042s, 1099, 8966 and CRS reporting
Day-to-Day
Responsibilities:
- Support FRSS Service Delivery / Engagement model with client constituency and other key stakeholders
- Identify and participate in process reengineering & redesign to achieve better controls, compliance and efficiency
- Support audits with IRS and Internal Audit (IA), and any other special audits.
- Participate in self-assessment testing, MCA, SOX controls as well as any audits with IRS Or Citi's IA.
- Ensure tight controls over owned processes to include key controls and COB
- Review, validate and process W-8 and W-9 tax forms and related documentation according to IRS Chapter 3, chapter 61, FATCA regulations besides CRS.
- Support Technology projects from a technical tax perspective
- Contribute towards departmental requirement to adhere to strict regulatory and Compliance requirements, per IRS and Citi policy.
- Perform reviews of written tax policy and procedures, research and respond to inquiries from operational areas.
- Handle Tax reporting for US and Non-US legislations.
Apply Link –
Click Here
For Regular
Updates Join our WhatsApp – Click Here
For Regular Updates Join our Telegram – Click Here
0 Comments
Thanks for your comment, Will Reply shortly.