FATCA Consultant
Dubai Islamic Bank
Total years of experience :17 years, 4 Months
FATCA remediation and implementation, This is a temporary contract role.
Principal Duties
• Assisting in the preparation of Tax Compliances like Tax Audit, Transfer Pricing audit and Tax assessment of SCB India and subsidiaries
• Filing transfer pricing details like FORM 3CEAA, Master file in the tax portal.
• Uploading of Form 15CA for SCB vendors and relevant monthly tax entries
• Advisory support for customer related notices for Direct tax
• Assisting in the preparation of Financial Control System for SCB and Subsidiaries in the system
• Execution of monthly TDS paymant and Quarterly Advance tax payment for SCB and Subsidiaries.
• Assisting for collection of data for the past records for historical tax litigations in Tribunal / CIT / High Court.
• Providing details to auditors for stat audit, internal audit and Group audit. Interacting with Big 4 for queries arising pertaining to data collation or litigations.
• Raising the request for activation for the GL Code, payment for vendor related invoices & assisting for travel arrangements (Travel & Accomodation)
• Preparation of the RTGS form for the Advance tax payment, TDS and Tax on Regular Assessment
• Handled Business Resilience compliances like maintaining BCP and BIA Documentation for finance team.
# Received "Bedazzle" Award Certificate from CFO - India
Principal Duties
• Handling full spectrum of finance and accounts for Piramal’s South Mumbai Residential Project “Piramal Aranya”
• Review & park / post expenses - Vouchers / Journal Entries for Consultancy, Contractors Running Bills based on SAP WBS
• Work with respective departments by communicating and addressing any discrepancies found during routine process, notifying the same to the senior & accounting as per approval from the project team.
• Ensuring Statutory Compliances - Reviewing & Payment of TDS & Service Tax data before due date.
• Filing of Various Returns - Quarterly TDS, Service Tax & MVAT Returns.
• Monthly tracking & Ledger Scrutiny of Consultants / Vendors, Following up for advances released & Closing of BOE.
• Perform full set of accounts and ensure timely preparation of month end closing.
Achievements & Contribution
• Developed & Implemented Internal Control & maintained proper accounting by keeping track of Vendors Advances, Running bills for Projects / Marketing expenses.
• Part of team in implementing SAP MM Module from FI Module.
• Strengthen internal control to ensure maximum transparency.
Principal Duties
• Handled - Entire Expenses Booking & Payments for Phoenix “One Bangalore West” Residential Project.
• Kept track of Payment done to contractors / consultants as per Work orders & with regards to the total value of work order issued, deduction of any recovery & Mobilization advances.
• Ensured Timely payment of all Statutory Liability & filing of TDS Returns (Online Custom Duty Payment).
• Maintained Purchase Register Monthly for Taking Input VAT & also Service Tax - Cenvat credit.
• Establish and maintain systems for cost sensitivity analysis and early warning of cost over runs based on budget
• Addressed & resolved any discrepancies found during routine Process & Accounted through discussion & approval with the Project team.
• Entire Documentation of Foreign Remittance of Consultant & Material imports.
• Overview project bank accounts & updating investments reports on daily basis.
• Ensure Provisional Entries of expenses for Quarterly Closing.
Achievements & Contribution
• Tracked down Expenses incurred as per the Budget & Cost Codes
• Investing the Revenues /Collection funds in Mutual funds on time so that company can earn Additional Dividend Income by way of one day prior NAV Benefit.
• Control of Bank Accounts by properly utilizing available funds for making payments & Projections of Expenses (Ensuring Minimum OD facility utilization)
• Co-ordinating & maintaining working relations with Banks & Investment Fund house for Smooth function.
• Assisting Seniors & Auditors during finalization of Accounts.
Principal Duties & Significant Contribution
• Handle & Over view Accounting Transactions of Building Material Division of the Group Concern.
• Verify purchase invoices received & Kept Track of Delivery Order.
• Attend to vendors on payment enquiries and liaise with them to check on the invoice discrepancies.
• Raised Debit Note on Purchase Invoices for - Shortage of Quantity Received, Excess Rate Charge on Invoices and Inferior Quality of goods received.
• Prepared regular summary reports regarding advances to Supplier, Accounts Receivable, Daily Stock Position, Collections & Payments for Operations.
• Preparing Monthly Stock Statement for Bank (towards facility utilization).
• Overview Branch Accounts for advances paid to Vendors through HO.
• Over view Accounts Receivables & ensured Shortages received has been accounted bill wise or discounted off for Short payment received from the party by raising credit note.
• Part of Team in Preparing MIS.
Principal Duties
• Understanding & Analyzing Previous I-T Returns of the Client to know the nature of the Client’s Business & accounting Procedures followed.
• Updating & Recording - Personal & Business Transactions in Tally (Versions) from the Bank Statements, Documents provided by the Client.
• Auditing, Ledger Scrutiny of Client Accounts & Maintaining Records of Queries found in the course of Audit.
• Preparing accounts upto finalization for the individual clients.
Accounts, Financial Management, Costing