Manager, Tax & Treasury (GBS)

Designation: Manager-Tax &Treasury (GBS)

Location: Chennai, Tamil Nadu

Qualification: CA, CPA

The primary objectives of this position are to:

• Ensure compliance with applicable national, regional and localincome and other tax laws.
  
• Minimize, within legal limitations, the Company's effective taxrate.
  
• Proactively work with legal and operational management to createsimplified legal structures to accomplish the above.
  
• Maintain banking relationships.
  
• Manage global cash to ensure Holdings ability to fund dividends,redemption, and capital investments.
  
• Maximize the effectiveness of cash management processes andcontrols
  

Outcome: Maximize valuevia management of the worldwide tax rate

• Utilizing available foreign taxcredits at the optimal time
  
• Ensuring all withholding taxesare correct and accounted for
  
• Calculating the tax impact ofdividends to maximize a return of value to shareholders
  
• Reviewing the tax impact of newinvestments and restructurings
  
• Reviewing procedures to supportdeductibility of expenses
  
• Maximizing U.S. tax deductions
  
• Managing tax exposure items andissue
  
• Inform Management of significant tax issuesand exposures
  

Outcome: Coordinate andaccumulate tax financial reporting information

Actions:

• Compiling financial statement footnote data
  
• Compiling Forms 5471 - transactions with foreign affiliates
  
• Providing information to outside auditors
  
• Computing U.S. tax provision and management of any 3^rd parties assisting with the provision
  
• Analyzing and adjusting the U.S. ledger tax accounts (includingperiodic tax provisions)
  

Outcome: Research U.S. andforeign tax issues and advise Management

Actions:

• Providing research as requested on specific topics
  
• Providing research as needed on other items that arise
  
• Providing Management with a central source of tax information
  
• Minimizing outside tax professional fees
  

Outcome: Perform variousU.S. and Canadian tax compliance functions

Actions:

• Computing timely federal and state estimated tax payments whilepreserving cash flow to the extent possible
  
• Computing federal and state tax extensions
  
• Preparing underlying tax return work papers
  
• Coordinating the preparation of the U.S. tax returns
  

Outcome: Oversee themanagement and planning for transfer pricing

Actions:

• Updating annual transferpricing narratives
  
• Updating comparable andtesting
  
• Generating reports for all first-tieraffiliates
  
• Answering questions and providingdocumentation regarding transfer pricing
  
• Advising on and assist in implementingstandards for Intercompany transactions
  
• Compute and ensure timelypayment of the U.S. management fees and cost sharing including True-Ups as necessary
  

Outcome: TreasuryManagement - Cash

Actions:

• Manage global treasuryprogram
  
• Assist CFO in managing bankingrelationships
  
• Maintain centralizedcontrol of worldwide funding and cash balances
  
• Ensure sufficient cash isavailable for funding day to day needs via cash forecasting process
  
• Keep updated and recommendon new banking services/technology that will improve operational efficiency
  
• Maintain the globalnetting system and manage the monthly netting process.
  
• Provide FX rates monthlyto operating companies (in coordination with the Corporate Controller)
  

Outcome: TreasuryManagement - Strategic

Actions:

• Analyze worldwide fundingrequirements for foreign entities and recommend/implement funding solutions(credit allocation, external borrowing, BMG pool or inter company loan).
  
• Assist CFO in negotiating,structuring and placing debt anywhere in the world.
  
• Implement and manage inter company loans.
  
• Provide support and advice tooperating management as needed on decisions which involve the time value andrisk of money.
  
• Assist CFO in managing excesscash through appropriate investment programs. Recommend investment policies andseek approval from CFO.
  
• Drive process improvement andcentralization of treasury functions.
  
• Maintain a global cash forecasting process.