Accounting Associate (Accountant – Legal Entity)

Career Area:

Finance

Job Description:

Your Work Shapes the World at Caterpillar Inc.

When you join Caterpillar, you're joining a global team who cares not just about the work we do – but also about each other. We are the makers, problem solvers, and future world builders who are creating stronger, more sustainable communities. We don't just talk about progress and innovation here – we make it happen, with our customers, where we work and live. Together, we are building a better world, so we can all enjoy living in it.

Job Description

About Caterpillar

Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.

For nearly 100 years, we’ve been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed.

Your Impact Shapes the World at Caterpillar Inc

When you join Caterpillar , you're joining a global team who cares not just about the work we do – but also about each other. We are the makers, problem solvers and future world builders who are creating stronger, more sustainable communities. We don't just talk about progress and innovation here – we make it happen, with our customers, where we work and live. Together, we are building a better world, so we can all enjoy living in it.

Job Summary

We are looking to add a skilled Accounting Associate (Accountant - Legal Entity) within the Tax CoE (Centre of Excellence) based in Bangalore, India. This role is to comply with Goods and Service tax, experience in national and local (federal and state) tax laws and various indirect taxes (i.e. VAT, customs duties, Excise Duties, Service Tax, Sales Tax, Works Contract Tax,, etc.) and regulations in India and minimize the legal tax liability of the enterprise by preparing, reviewing and analysing tax returns, challenging and negotiating reductions to assessments of tax auditors, determining timely estimated taxes, and identifying and participating in tax reduction projects.

The preference for this role is to be based out of Whitefield Office, Bangalore, India

What you will do

Possible areas of responsibility are varied complexity, mainly informing the stakeholders on the Amendments in the Act, Rules, changes made by reading the day to day Notifications, Circulars, Instructions including in depth knowledge on Transactional Processing , setting right GST process for each of the activities, Reviewing the Input Tax Credit, Review of accounts postings, Payment of Tax, review of monthly returns, E-Filing of various Returns Including Monthly, Quarterly and Annual Returns, providing necessary information to Tax authorities, Liaison with Tax Authorities as may be necessary, Tax Assessment, Reconciliation of Accounts, Providing Management Information Reports, Global Vat Compliance, and other assignments that are assigned from time to time.

The Incumbent need to review the transaction processing, advise on the GST , WHT that are to be charge appropriately and advice the Internal/external customer on the Indirect Tax and advice the use of appropriate tax classification, and forms and declaration for effective tax benefits and compliance. Provide leadership in implementing Tax planning, Tax reduction and strategies and ensure compliance.

The incumbent will be exposed to a variety of accounting & Transactional Processing functions and will perform a high level of compilation with a broad range of analysis work in the area of Indirect Tax.

The Incumbent will demonstrate knowledge and ability to independently handle tax issues. They need to demonstrate good communication skills and have an extended knowledge of Caterpillar's businesses, products, suppliers and customers.

What you will have:

• •Education: Postgraduate or equivalent
• •Experience: The position requires 2-3 years’ experience in Indirect Tax Function specifically in the area of Excise, VAT, WCT and Service Tax and knowledge on GST. Work experience in Big 4 Accounting firms is preferred.
• •Experience in SAP working environment is compulsory. Knowledge in FI & GST module is required.
• •Skills: Knowledge of company organization, accounting practices, demonstrate strong leadership, initiative, inter-personal skills, Team player and the ability to communicate effectively with a strong Positive attitude.
• •At the outset, the Incumbent will be expected to be a contributing performer, informing the Leadership about the amendments in the GST Act/Rules and ensure the company is GST tax compliant by providing Tax support to business processes.
• •Maintaining stable performance under demanding business needs and support to the Business to the urgency.
• •Knowledge on other areas of Indirect Tax like Customs, Foreign trade Policy, Global VAT and Trade Compliance would be an added advantage.

This position requires candidate to work a 5-day -a -week schedule in the office.

Skills Required:

• Accuracy and Attention to Detail : Understanding the necessity and value of accuracy; ability to complete tasks with high levels of precision.
• Level Working Knowledge:
• •Accurately gauges the impact and cost of errors, omissions, and oversights.
• •Utilizes specific approaches and tools for checking and cross-checking outputs.
• •Processes limited amounts of detailed information with good accuracy.
• •Learns from mistakes and applies lessons learned.
• •Develops and uses checklists to ensure that information goes out error-free.

• Analytical Thinking: Knowledge of techniques and tools that promote effective analysis; ability to determine the root cause of organizational problems and create alternative solutions that resolve these problems.
• Level Basic Understanding:
• •Names specific tools or techniques that can be used to support the analytical thinking process.
• •Describes specific software applications or products used for business analytics.
• •Gives examples of how analytical thinking has been used to resolve problems.
• •Helps others research and learn more about business analytics tools and applications.

• Effective Communications : Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors.
• Level Working Knowledge:
• •Delivers helpful feedback that focuses on behaviors without offending the recipient.
• •Listens to feedback without defensiveness and uses it for own communication effectiveness.
• •Makes oral presentations and writes reports needed for own work.
• •Avoids technical jargon when inappropriate.
• •Looks for and considers non-verbal cues from individuals and groups.

• Managing Multiple Priorities: Knowledge of effective self-management practices; ability to manage multiple concurrent objectives, projects, groups, or activities, making effective judgments as to prioritizing and time allocation.
• Level Basic Understanding:
• •Explains basic concepts of time and priority management.
• •Seeks guidance in detecting and addressing priority conflicts.
• •States own business priorities.
• •Describes team or unit priorities.

• Problem Solving : Knowledge of approaches, tools, techniques for recognizing, anticipating, and resolving organizational, operational or process problems; ability to apply knowledge of problem solving appropriately to diverse situations.
• Level Working Knowledge:
• •Identifies and documents specific problems and resolution alternatives.
• •Examines a specific problem and understands the perspective of each involved stakeholder.
• •Develops alternative techniques for assessing accuracy and relevance of information.
• •Helps to analyze risks and benefits of alternative approaches and obtain decision on resolution.
• •Uses fact-findin