This position supports the corporate tax manager in the process of: period tax provision calculations; tax compliance activities.
Responsibilities:
Supports the corporate tax manager in the extract of data and compilation of necessary schedules for completion of the monthly, quarterly and annual tax provision. This responsibility includes:
Responsible for the compilation of necessary data from the general ledger and other relevant data for periodic analyses and reporting
Preparation and review of tax related journal entries
Preparation of monthly, quarterly, and annual tax provision and related workpapers for the consolidated group
Preparation of the quarterly tax provision using the FIN18 approach
Preparation of calculations for estimating and forecasting the tax rate for the current year
Preparation of the calculation for the deferred tax rate
Prepare and analyze the calculation of required federal and state quarterly income tax payments
Maintain the inventory of the Deferred Tax Asset for all U.S. entities in the group
Reconciliation of tax general ledger accounts and other accounts as needed
Maintenance and enhancement of existing reports utilizing available data extract and management tools
Communicate and coordinate with external tax accountants as needed
Supports the corporate tax manager in the extract of data and compilation of necessary schedules for completion of the tax return calculations and filing of applicable federal and state tax returns and extensions, as needed. This responsibility includes:
Compilation of information and preparation of schedules and workpapers required for the preparation and filing of relevant federal and state corporate income tax forms
Compilation of information and preparation of schedules required for the filing of other federal and state tax returns as necessary
Communicate and coordinate with external tax accountants as needed
Other responsibilities include:
Prepare/draft the tax footnote for SEC reporting and audited financial statements
Tax research as necessary
Compilation of necessary data and preparation of schedules in support of periodic internal and external audit requests
Identify opportunities for automation of tax provision calculations and assist in/execute automation
Assist the corporate tax manager in monitoring legislative and regulatory tax law developments
Assist in keeping the department’s procedures manuals updated
Serve as liaison with other departments for tax matters pertaining to the operating subsidiaries
Assist and support special projects demands and ADHOC reports as requested
Identify, evaluate, monitor and make any recommendation deemed necessary to the Risk Management Committee in order to assess, reduce, eliminate, or control any current or prospective risks to earnings or capital arising from violations of, or nonconformance with, laws, rules regulations, prescribed practices, internal policies and procedures or ethical standards
Bachelor’s Degree or equivalent (preferably in accounting, taxation or related field); a Master’s degree or a candidate for a Master’s degree in a related field of accounting is highly desirable. Recent graduates or prospective graduates, in these fields will be considered
Minimum Work Experience Requirements:
A minimum of three years of experience in corporate tax and/or analyzing Financial Statements in a regulatory environment is highly desired
Functional Skills & Knowledge Requirements:
Corporate tax knowledge, accounting, and analytical skills. Must be a self-starter, a team player, have the ability to work under pressure, have a professional image and be able to resolve problems and conflicts. Must be able to prioritize work and effectively manage time. Must possess basic business communications skills such as good writing, listening skills and have basic office and mathematics skills, and customer service skills.