Job Description:
Latest job information from The Mason Group Inc for the position of Senior Indirect Tax & Pension Compliance Specialist. If the Senior Indirect Tax & Pension Compliance Specialist vacancy in Scarborough matches your qualifications, please submit your latest application or CV directly through the updated Jobkos job portal.
Please note that applying for a job may not always be easy, as new candidates must meet certain qualifications and requirements set by the company. We hope the career opportunity at The Mason Group Inc for the position of Senior Indirect Tax & Pension Compliance Specialist below matches your qualifications.
Our client, a large automotive manufacturer currently has an exciting opportunity for a Senior Indirect Tax and Pension Compliance Specialist to support our Finance and Accounting team. This is a full-time opportunity and will report to the Senior Manager, Tax, Governance and Audit.
Indirect Tax Compliance
- Preparation and filing of monthly or quarterly GST/HST, QST, PST (MB, BC, SK), Excise Tax, Tire Levy, Luxury Sales Tax returns (including working papers, journal entries and payments)
- Prepare annual GST/HST/QST claw back calculations (i.e. meals and entertainment, vehicle demo benefits)
- Complete and file annual GST/HST returns for pension plans as well as completion of other Federal pension plan statutory filings (RC4607, RC4615, Deemed Supply, ITC claims, GST494)
- Prepare and verify self-assessments of provincial sales taxes (e.g. promotional items)
- Prepare monthly sales tax rebates on consumer cash incentives
- Proactively seek to identify, lead, or support activities to enhance indirect tax compliance and governance
Indirect Tax Audits
- Lead, defend and/or support government tax audits for sales and excise tax
- Respond to audit queries on a timely basis with relevant and accurate information and support
- Work with business units to obtain qualitative and quantitative information that may be required to accurately and timely respond to audit queries
- Review and reconcile sales tax audit proposals to confirm validity and/or dispute proposed adjustments
- Communicate audit results to senior management to communicate improvements or changes to improve compliance
- Implement required changes/corrections to internal processes resulting from government tax audit findings
- Conduct training to transfer knowledge to business users to improve compliance record
- Audit support to Dealers (cross over issues) including providing supporting documentation and responding to auditor on technical issues
Commodity Sales Tax Advisory
- Complete sales tax research and provide guidance on ad hoc sales tax questions from business units, in a verbal or written format
- Review contracts for sales tax related issues and provide advice to business units or legal department, in an accurate and timely manner
- Respond to sales tax related inquiries from dealers in an accurate and timely manner
- Support Senior Manager Tax, Governance & Audit and Manager, Tax with sales tax advisory projects
- Communicate changes to sales tax rates and/or legislation to business units and dealers
- Assist business units and Procurement Dept to set up purchase orders with correct SAP sales tax coding
- Provide guidance to Accounts Payable/Accounts Receivable Teams to assist with SAP sales tax coding on invoices
- Oversee issuance of SAP Miscellaneous Customer Billing System transaction codes to Business Units, and update SAP Customer Billing Mapping Table
- Provide sales tax training and resources to Associates annually or as required
- Review material transactions and contracts (working with vendors) to ensure correct sales tax treatment of items on vendor invoices e.g. annual Dealer meetings and reward trips
- Maintain working relationships with Affiliates and vendors
- Support IS department with sales tax related issues that arise on specific IS projects e.g. SAP system changes, Employee Expense system and other business systems
- Maintenance of SAP tax codes to reflect rate changes or other statutory changes as required
Commodity Sales Tax Projects
- Interact with external sales tax consultants on periodic sales tax recovery reviews to ensure advisors ae supplied with accurate data (working with IS team) and resolve questions
- Coordinate with business divisions to oversee administration of ongoing sales tax projects and timely address compliance issues
Other Tax Support
- Support Senior Manager Tax, Governance & Audit and Manager Tax with tax audit queries, research and responses
- Support Manager, Tax with income tax compliance on ad hoc basis (e.g. taxable benefits, withholding taxes and accounting queries)
- Property tax budgets and payments administration
- Other duties as required
PENSION COMPLIANCE AND ADMINISTRATION
Pension Liability Accounting Administration/Coordinate payment and recording of annual pension plan contributions and pension expense (working with Payroll Team)
- Prepare annual pension G/L account schedules for use by F&A, payroll and external auditors
- Monitoring of monthly pension plan contributions and expenses
- Preparation of year-end pension accounting financial statement note for corporate statutory financial statements
- Respond to external auditor’s queries related to pension liability accounting for corporation
- Responsible for reporting pension related accounting items to shareholders through global reporting system on quarterly basis
Pension Plans’ Accounting
- Oversee preparation of annual pension plans’ statutory financial statements by external pension plan accountant including review of draft financial statements with external accountant and senior management
- Oversee and co-ordinate annual pension plans’ financial statements’ year-end audit by external auditor including addressing queries, executing confirmations, and reporting audit results to senior management
- Complete Pension Plans’ GST compliance (deemed supply; GST494; rebates; TANs) gf
- Oversee invoice processing for pension plans (as required)
- Pension Plans’ Regulatory Compliance
- Responsible for ensuring annual FSCO filings (form 7s, form 8s, annual information returns, financial statement filings, tri-annual valuations, PBGFs) are completed and filed on time in co-ordination with external pension plan advisors (i.e. actuary, accountant, investment managers)
Pension Plan Governance
- Support senior manager to implement and maintain pension plans’ governance structure including review of service providers, co-ordination of pension committee records, governance reporting (e.g. investment performance and reporting from invest. consultant and invest. mgrs.), plan monitoring
- Maintenance of records retention system for confidential pension plans financial records
- Co-ordinate with pension plan actuary to monitor pension legislation amendments that impact financial reporting
- Support Senior Manager, Tax Governance & Audit, HR and payroll on special pension projects
- Participate in the Joint Operations Subcommittee (JOSC) to report pension administration updates to subcommittee members
Pension Plan Support
- Support Senior Manager, Tax, Governance & Audit, Finance Subcommittee, JOSC with knowledge of pension plan financial and regulatory compliance requirements
Requirements- University degree in Business/Accounting CPA Accounting Designation
- Completion of CPA In-depth GST/HST Program (within past 5+ years)
- 5+ years post designation experience in Canadian indirect tax compliance (sales, luxury tax & excise taxes) and advisory
- Expert knowledge in GST/HST Statutory Requirements
- Expert knowledge in Canadian Provincial Sales Tax Statutory Requirements (BC, MB, SK, QST)
- Excellent communication, comprehension, organization and technical skills
- Deadline oriented to ensure corporate compliance with statutory filing requirements with Indirect tax and Pension compliance obligations
- Proficiency with SAP Hana 4 Enterprise System Strong proficiency with MS Office Suite (specifically MS Excel)
- Experience with Power BI an asset
- French language skills, an asset
- US State Sales Tax knowledge, an asset
Additional Information:
The Mason Group is committed to fostering a diverse, inclusive, and accessible recruitment process. We welcome applicants from all qualified candidates. Accommodations are available upon request for candidates participating in all stages of the recruitment process, in accordance with the Accessibility for Ontarians with Disabilities Act (AODA).
This role is for an immediate vacancy, and we are actively hiring.
TMGNY
Job Info:
- Company: The Mason Group Inc
- Position: Senior Indirect Tax & Pension Compliance Specialist
- Work Location: Scarborough
- Country: CA
How to Submit an Application:
After reading and understanding the criteria and minimum qualification requirements explained in the job information Senior Indirect Tax & Pension Compliance Specialist at the office Scarborough above, immediately complete the job application files such as a job application letter, CV, photocopy of diploma, transcript, and other supplements as explained above. Submit via the Next Page link below.
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