Executive - Taxation & Audit

Executive –Taxation and Audit   

(Based at Pelawatta)      

The Bodywear Value Stream of MAS Holdings delivers end-to-end design, innovation and manufacturing solutions across lingerie, swimwear and next-to-skin categories. It brings together broad expertise in fit, comfort, performance and aesthetics to serve leading global brands at scale.

With design and innovation hubs in Sri Lanka, the USA, Canada and Hong Kong and manufacturing operations across Sri Lanka, Bangladesh, India, Vietnam, Indonesia and Kenya, Bodywear offers a diverse portfolio spanning bras, briefs, shapewear, sleepwear, performance bodywear and Olympic grade swimwear. The value stream portfolio includes Victoria’s Secret, Calvin Klein, Marks & Spencer, Triumph, Speedo and Aerie. Positioned as a global centre of excellence, the Bodywear Value Stream combines advanced product innovation, technology-led solutions and operational scale to meet evolving consumer expectations across intimate and swim categories.

We are looking for an active candidate to lead and strengthen the organization's taxation and internal audit functions by ensuring compliance with statutory, regulatory, and corporate governance requirements, driving effective tax planning and risk management, and providing independent assurance on the effectiveness of internal controls, financial processes, and compliance frameworks. The role supports the organization's financial integrity, operational excellence, and sustainable business growth by proactively identifying risks, enhancing governance practices, and ensuring adherence to both local regulations and Group policies.

Key Responsibilities:

• Oversee the filing of all service charges / taxes, verify accuracy and ensure whether the returns are authorized, finalized & the tax payment coordination in a timely and accurate manner in order to meet standard regulatory requirements.

• Provide the required information and support documentation for the annual tax return filing, liaising closely with external tax advisors and Group Tax teams to ensure accuracy and compliance.

• Provide overall monthly tax update and other tax related information to the respective heads & ensure to conduct quarterly reviews the same (including reports on monthly movement of total outstanding, quarterly age analysis etc) so as to consolidate the Tax outstanding position.

• Prepare and submit information requested for tax assessments raised by the Inland Revenue Department (IRD), including the development of supporting schedules and justifications.

• Manage end-to-end year-end statutory reporting requirements and coordinate effectively with external auditors to ensure timely completion.

• Provide accurate and timely responses to audit queries to facilitate the successful completion of the year-end audit process.

• Lead the preparation of year-end financial statements in collaboration with external auditors and coordinate with relevant internal stakeholders.

• Collaborate with the Bodywear Internal Audit team and perform required assessments and reviews to ensure compliance and operational effectiveness.

• Develop and maintain Standard Operating Procedures (SOPs) to standardize operational processes in alignment with Group policies and procedures.

• Drive the timely completion of ad hoc projects and assignments as directed by management.

Skills and Qualifications:

• Degree and Part qualification in CA/CIMA/ACCA or any other institute registered for taxations.

• 3-5 years of relevant work experience in a similar capacity.

• Prior experience in the statutory audit.

• Hands on experience in taxation.

• Sound Interpersonal skills.

• Good communication and analytical skills.