Jesslyn Ie
Assistant Vice President (Tax Analyst)
Jl Gading Kirana Barat 1 C3/9 Kelapa Gading, Jakarta
Overview
9
9
years of professional experience
3
3
years of post-secondary education
4
4
Certifications
2
2
Languages
Work History
Assistant Vice President
Citibank N.A. Indonesia
01.2023 - Current
- Won Citibank N.A. Indonesia Tax Dispute 2014 amounting to USD 11.4 Million against Indonesia Tax Office.
- Reduce 2018 tax assessment by Indonesia Tax Authority from initial findings of USD 10.5 Million to final assessment of USD 5.9 Million.
- Successfully implemented electronic stamp duty for Citibank N.A. Indonesia by coordinating with respective business units, external business partner and external regulators.
- During 2022 until 2023, successfully settled USD 14.1 Million of Geographic Revenue Attribution between Citibank N.A. Indonesia and various related parties from different jurisdictions that was outstanding since 2016 until 2021 due to incomplete regulatory documentation.
- Oversaw change management initiatives (sale of Consumer Banking) and ensuring smooth transitions during periods of organizational restructuring by managing BPO to collect all Consumer Banking historical datas for future tax audit.
- Prepare Annual Corporate Income Tax Return (including all Attachment) for Citibank N.A. Indonesia and review Annual Corporate income Tax Return for PT Citigroup Sekuritas Indonesia.
- Prepare, manage and coordinate External Tax Consultant, Indonesia Tax Authority and various business units for ongoing Tax Objection 2018 and Tax Appeal 2016.
- Prepare Effective Tax Rate and Tax Contingency Reserve of Citibank N.A. Indonesia and PT Citigroup Sekuritas Indonesia on a Quarterly basis.
Manager
Citibank N.A. Indonesia
1 2020 - 12.2022
- Won Citibank N.A Indonesia Tax Dispute 2010 amounting to USD 88 Million against Indonesia Tax Authority.
- Settled USD 1 Million related to Transfer Pricing (Global Revenue Attribution) that was long outstanding in 2021.
- Successfully coordinate and perform re-assessment on the application of stamp duty on all documents from Global Consumer Group, Institutional Client Group and PT Citigroup Securities Indonesia with regards to the new Stamp Duty Law.
- Perform Deferred Tax Substantiation for Citibank N.A Indonesia on all Balance Sheet General Ledgers.
- Prepare, manage and coordinate External Tax Consultant and various business units in order to continue process Tax Dispute 2011 and 2014 to Supreme Court.
- Prepare, manage and coordinate External Tax Consultant, Indonesia Tax Authority and various business units for ongoing Tax Audit 2016
- Provide tax advisory and process enhancement on Partnership Product Program, Vendor Master Service Agreement, FATCA, CRS and New Product Proposal to Business Unit.
- Prepare Annual Corporate Income Tax Return (including all Attachment) for Citibank N.A Indonesia and PT Citigroup Sekuritas Indonesia.
- No late payment and reporting for VAT, Monthly Income Tax Instalment and Stamp Duty.
Secondment
Citibank N.A. Hongkong
01.2020 - 05.2020
- Assist Regional Tax Lead by coordinating 16 APAC countries, Regional Controller and Global Internal Audit team in relation to Internal Audit conducted on 1Q2020
- No Internal Audit findings for APAC
- Create Tax Contingency Reserve for 16 APAC countries with minimum supervision by Regional Tax Lead
- This includes coordinating with all 16 APAC country tax leads (including its team members), Regional Tax Lead and various Global Tax team to finalised the contingency reserve files
- Present the Tax Contingency Reserve movement to Global Tax Leads, Regional Tax Leads and APAC Country Tax Leads via conference call during 1Q2020
- Coordinate APAC Country Tax Leads as well as Regional Controller to ensure that 16 APAC country's Global Risk and Control (GRC) for Finance Tax is completed within deadline
- Assist 16 APAC Country Tax Leads on all their queries by analysing the GRC Policy and/or reaching out to the correct person to find solutions
- No overdue GRC for 16 APAC Finance Tax during 1Q2020
- Settle and create PO for approximately 20 outstanding invoices for Citi entities in Hong Kong, Mauritius and Bangladesh within a month.
Senior Assistant Manager
Citibank N.A. Indonesia
01.2018 - 12.2019
- Reduce 2010 tax assessment by Indonesia Tax Authority from initial findings of USD 132.67 Million to final assessment of USD 78.90 Million
- Reduce 2011 tax assessment by Indonesia Tax Authority from initial findings of USD 41.23 Million to final assessment of USD 21.05 Million
- Reduce 2014 tax assessment by Indonesia Tax Authority from initial findings of USD 48.21 Million to final assessment of USD 16.12 Million
- Reduce 2015 tax assessment by Indonesia Tax Authority from initial findings of USD 48.46 Million to final assessment of USD 17.52 Million
- Deregistered 51 Citi Financial branches Tax Identification Number
- Prepare Annual Corporate Income Tax Return for Citibank N.A Indonesia and PT Citigroup Sekuritas Indonesia with minimum supervision.
- Review Monthly Income Tax Installment for PT Citigroup Sekuritas Indonesia.
- Prepare Month-End Tax Accrual Closing for Global Consumer Group, Institutional Client Group and PT Citigroup Sekuritas Indonesia
- Appointed as Continuity of Business (CoB) Coordinator for Finance - Tax unit.
Assistant Manager
Citibank N.A. Indonesia
01.2017 - 12.2017
- Prepare and coordinate with all Business Units on Transfer Pricing Documentation projects FY 2011 - 2016 for Citibank N.A Indonesia.
- Prepare and coordinate with all Business Units on Transfer Pricing Study project, called Geographic Revenue Attribution, FY 2016 for Institutional Client Group.
- Prepare deliverables and coordinate with relevant Business Units to response Indonesian Tax Authority on Tax Audit (FY 2011, 2013, 2014 and 2015), Tax Objection (FY 2011 and 2013), and Tax Appeal (FY 2010).
- Assists PT Citigroup Sekuritas Indonesia in doing Tax Audit 2014 and no findings by Indonesian Tax Authority.
- Assists in preparation of Yearly Corporate Income Tax Return for Citibank N.A Indonesia and PT Citigroup Securities Indonesia.
- Prepare Quarterly Tax Contingency Reserve schedule and Tax Reconciliation between U.S GAAP and Indonesian Local GAAP.
- Prepare Month-End Tax Accrual Closing for Global Consumer Group, Institutional Client Group and PT Citigroup Sekuritas Indonesia.
Officer
Citibank N.A. Indonesia
01.2016 - 12.2016
- Prepare Stamp Duty Return, VAT Return, WHT Reconciliation, DGT Form Legalisation and Monthly Income Tax Installment.
- Prepare Month-End Tax Accrual Closing for Global Consumer Group, Institutional Client Group and PT Citigroup Sekuritas Indonesia.
- Provide tax advisory on Partnership Product Program and Vendor Service Agreement.
- Assists in preparation of Yearly Corporate Income Tax Return for Citibank N.A Indonesia.
Specialist
Citibank N.A. Indonesia
04.2015 - 12.2015
- Create and implement new automated Fixed Asset formula in excel.
- Prepare monthly Value Added Tax (VAT) return and reconciliation.
- Prepare deliverables and responses for submission to Indonesian Tax Authority on Tax Objection 2010.
- Provide tax advisory and process enhancement on Partnership Product Program and Master Services Agreement to Business Unit.
Education
Bachelor of Commerce (Accounting and Finance) -
Monash University
01.2013 - 05.2014
Bachelor of Commerce - undefined
Monash University
01.2012 - 05.2012
Monash University Foundation Year - undefined
Taylor's University College
10.2010 - 05.2011
undefined
International General Certificate of Secondary Education (IGCSE)
06.2009 - 05.2010
Skills
Microsoft Excel
Microsoft Word
Microsoft Power Point
Microsoft Access
Visual Basic for Application
Advanced
Advanced
Excellent
Excellent
Intermediate
Certification
Australia Higher Education Institution Accreditation: CPA Australia and The Institute of Chartered Accountant Australia
Timeline
Assistant Vice President
Citibank N.A. Indonesia
01.2023 - Current
Secondment
Citibank N.A. Hongkong
01.2020 - 05.2020
Senior Assistant Manager
Citibank N.A. Indonesia
01.2018 - 12.2019
Assistant Manager
Citibank N.A. Indonesia
01.2017 - 12.2017
Officer
Citibank N.A. Indonesia
01.2016 - 12.2016
Specialist
Citibank N.A. Indonesia
04.2015 - 12.2015
Bachelor of Commerce (Accounting and Finance) -
Monash University
01.2013 - 05.2014
Bachelor of Commerce - undefined
Monash University
01.2012 - 05.2012
Monash University Foundation Year - undefined
Taylor's University College
10.2010 - 05.2011
undefined
International General Certificate of Secondary Education (IGCSE)
06.2009 - 05.2010
Manager
Citibank N.A. Indonesia
1 2020 - 12.2022
Australia Higher Education Institution Accreditation: CPA Australia and The Institute of Chartered Accountant Australia
Banking Professional Certification Agency - Level 3
Banking Professional Certification Agency - Level 2
Banking Professional Certification Agency - Level 1
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