FP&A Support Associate

Job Summary

The opportunity: Associate-National-TAX-CBS - FIN - FP&A Account Support - Mumbai

National comprises of sector agnostic teams working across industries for a well rounded experience.

CBS - FIN - FP&A Account Support :

Our globally coordinated tax professionals offer connected services across all tax disciplines to help the clients thrive in an era of rapid change. We combine our exceptional knowledge and experience with the people and technology platforms to equip clients in making better business decisions by bringing insights to the forefront. We help companies understand the tax policies and tax laws of governments around the world to plan and comply accordingly. Our teams leverage transformative technologies to deliver strategy and execution, from tax and regulatory obligations to operations and workforce management, to reduce risk and drive sustainable value.

We have competencies in Business Tax Services, Global Compliance and Reporting, Global Law, Indirect Tax, International Tax and Transaction Services.

Your key responsibilities

Technical Excellence

• Job Description Client set-up/Client acceptance
• Business Development: Go to market research on potential clients
• Background research on client (for code setup purpose only) including Google search on company/ directors/ key personnel
• Setting up of new client in Mercury
• OMS and PACE
• Filling and submitting OMS form
• OAR approval (i.e. processes and OAR approval for engagements exceeding the specified limit).
• Submission of ICD Form and follow up for approvals
• Engagement acceptance (Filling PACE forms), checking Markups/conflicts.
• Obtaining clearance from GCSP/CSP/Audit Partner on Channel conflict/allowable services PE/SEC type of accounts etc.
• Drafting ELs/SOWs/MSAs/Acknowledgement agreements/Fee side letter based on standard templates. Engagement Life Cycle
• Managing engagement life cycle in Mercury.
• Engagement set-up: Setting up engagement code, updating GST details.
• Verifying PSMs received from EY overseas offices & suggesting changes required as per QRM guidelines on PSMs.
• Monitoring WIP / AR status Follow up with engagement team for write off/reversal
• ERP, WIP & Unbilled OPEs adjustments (w/off, w/up, transfer, etc) as per instructions from client team
• Closure of Code, follow with Sub code for code closure
• Subcontracting to other SSLs / issuance of Work order. Invoicing
• Raising draft Invoice/final invoice
• Invoice reversal/re-issue
• Raising foreign office invoices
• Verifying SEZ documents for SEZ billing (LOA, SEZ Declaration, Manager email, etc.)
• Follow up with client/foreign office for collection (wherever mandated)
• TDS follow-up
• TDS reconciliation
• Tax Convention Forms
• Making overseas payments through OPRS requests (Verifying PSMs, TRC, 10F, etc.)
• BRET compliance (submissions and timely renewals)
• Compliance with Procurement process in case any third-party services are procured EY IMD and GEAR
• Creation of EYI-MD workspace (only for new codes) and basic documents upload
• Uploading ELs on GEAR Preparation of Reports
• Daily/monthly Reports preparation & analysing
• Preparing weekly reports like Cost Analysis MIS and Actual vs Budgeted
• Weekly tracking of BU Revenue, Utilization, AR & WIP for the respective locations

Skills and attributes

To qualify for the role you must have

• Bachelor of Commerce
• Bachelor of Business Administration
• Master of Business Administration
• Master of Commerce

Experience

• 0-2 years