Accounting & Tax Compliance Expert
hace 3 semanas
At The Timken Company, we strive to improve the efficiency and reliability of global machinery and equipment, and we're looking for an experienced Accounting & Tax Compliance Expert to join our team.
Job Summary
As a Tax Compliance Specialist, you will be responsible for ensuring compliance with Mexican tax regulations, specifically VAT and income tax. You will lead over requests issued by the Mexican Tax Service Administration (SAT) in regards VAT return claims and actively review and follow up on payment receipts not issued by vendors to reduce the monthly VAT not creditable amount due to lack of full compliance of the conditions required by SAT.
Key Responsibilities
- Stay up-to-date with dynamic Mexican tax regulations and changes, especially those related to VAT & withholdings applicable to new tax programs and/or incentives.
- Prepare and provide information for monthly tax and annual filings for federal taxes (VAT & Income Tax) to EY.
- Prepare monthly GL accounts reconciliations and follow up on delinquent items when needed.
- Alternate support as Treasury Jr Analyst for Mexico operations, including payment processing, bank reconciliations, end-of-month closing activities, and quarterly reporting.
- Manage corporate credit card, set individual credit limits, and handle bank requests.
- Prepare detailed breakdown of VAT favorable balance per CFDI (tax invoice) including relevant data.
- Reconcile monthly VAT breakdown to monthly tax filing and accounting records.
- Take care of requirements from SAT regarding VAT return claims, carrying out the analysis, tasks derived, and preparing the paperwork related to such requirements.
- Ensure VAT-related activity in the regarding GL's is properly booked with enough relevant data, such as Tax ID, UUID, Amount, and JE for invoice booking.
- Perform mid-month reviews of vendors' compliance issuing payment receipts.
- Coordinate with purchasing/supply chain strategies for vendors that regularly fail to comply.
Requirements
- Strong skills using SAT tax platform.
- Hands-on experience utilizing SAP (FI/CO).
- Bachelor's degree in Accounting or related with 3+ years' experience in Manufacturing Plant.
About The Timken Company
The Timken Company designs a growing portfolio of engineered bearings and industrial motion products that improve the reliability and efficiency of global machinery and equipment to move the world forward. We posted $4.5 billion in sales in 2022 and employ over 20,000 people globally, operating from 46 countries.
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