Senior Associate-KDNI

KPMG Delivery Network India (KDNI) is a diverse entity spread across multiple cities in India. We are an important part of the KPMG Delivery Network (KDN), a global organization that supports KPMG member firms in delivering global priority solutions to their clients across a number of different industries. Our team of over 3,000 professionals in India are known for their technical acumen and business insights, that come together to deliver exceptional client service.
When you join KDN, you’ll be a part of the wider KPMG global network working alongside some of our profession’s most skilled practitioners on rewarding programs and initiatives that are changing the way business operates, delivering value to the clients of KPMG member firms and driving positive change in the communities we serve.
As a KDN India colleague you will be helping to accelerate new ways of working, using cutting-edge technology to create increased value, and working together with member firm colleagues across the globe to drive sustainable growth and help achieve our ambition to be the most trusted and trustworthy professional services firm.

Responsibilities
We are recruiting for the Sr. Associate position in the Canada Tax for IDT as a Senior Associate in our Financial Services Compliance practice, you will be responsible for the preparation and filing of specialized GST/HST and QST returns for Selected Listed Financial Institutions (SLFIs) – including banks, credit unions, trust companies, investment dealers, and investment plans. You will manage complex compliance obligations under the Excise Tax Act and the Special Attribution Method (SAM) formula, working closely with managers and partners to deliver accurate, timely returns for a sophisticated client portfolio. Working as Sr. Associate in this team, your responsibilities will include:
• Prepare GST/HST and QST final returns for SLFIs using Forms RC7294 and GST494, applying the Special Attribution Method (SAM) formula to calculate adjusted net tax for each reporting period.
• Prepare interim GST/HST returns (Form GST34) for monthly and quarterly SLFI filers, ensuring accurate reconciliation against annual final returns.
• Prepare Form GST111 (Financial Institution GST/HST Annual Information Return) and Form RC7291 (GST/HST and QST Annual Information Return for SLFIs), completing all required schedules and line-by-line disclosures.
• Ensure correct determination of SLFI status, applicable provincial component percentages, and allocation of revenues by province under the SAM formula.
• Review and analyze client financial data, income allocation schedules, and provincial revenue breakdowns to support SAM calculations.
• Prepare and maintain detailed working papers, reconciliations, and audit-ready supporting schedules for all SLFI returns filed.
• Identify and correctly classify financial services supplies, exempt supplies, and taxable supplies under the Excise Tax Act as applicable to financial institutions.

Qualifications
Educational qualifications
• Minimum Master Degree from reputable universities with excellent academic result, majoring in Accounting or Finance
Work experience
• Minimum of 3 to 4 years of professional experience, preferably in a Tier 1 or Tier 2 public accounting firm.
Mandatory  technical & functional skills
• Hands-on experience preparing GST/HST returns for financial institutions or SLFIs; experience with RC7294, GST494, GST111, RC7291, and/or GST34 is a strong asset.
• Familiarity with the Special Attribution Method (SAM) formula and SLFI determination rules under the Excise Tax Act.

Preferred technical & functional skills
• Able to adapt quickly to use new technologies.
• Highly motivated self-starter with ability to multitask and to work proactively with minimal instruction.
• Prioritization and time management skills.
• Good communication and interpersonal skills.
Key behavioral attributes/requirements
• Hard working, enthusiastic and self-motivated.
• Professionalism, dependability, integrity and trustworthiness combined with a cooperative attitude.