Tax Accounting Manager Job Description
Tax accounting manager
provides assistance with the work needed for the US GAAP ASC 740 income tax provisions required for the entities in the Asia Pacific region.
Tax Accounting Manager Duties & Responsibilities
To write an effective tax accounting manager job description, begin by listing detailed duties, responsibilities and expectations. We have included tax accounting manager job description templates that you can modify and use.
Sample responsibilities for this position include:
Preparing and reviewing interim and year-end tax accounting calculations in accordance with ASC 740 utilizing the ONESOURCE Tax Provision software
Manage and review current and deferred tax reporting for all domestic and foreign legal entities pursuant to ASC 740
Perform technical tax research to establish tax policies and positions on federal, state and local income, franchise tax issues
Preparing various federal, state and foreign income tax returns, including unitary and combined filings
Preparing quarterly cash tax payment calculations
Miscellaneous tax projects, such as accounting method changes, R&D credit
Reviewing tax returns
Doing tax research
Handle tax planning and partner type work
Generalist work – accounting and auditing work
Tax Accounting Manager Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Tax Accounting Manager
List any licenses or certifications required by the position: CPA, SOX, JD, LEED, US, VAT
Education for Tax Accounting Manager
Typically a job would require a certain level of education.
Employers hiring for the tax accounting manager job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Accounting, Finance, Taxation, Business, Economics, Business/Administration, Education, MBA, Management, Accountancy
Skills for Tax Accounting Manager
Desired skills for tax accounting manager include:
Accounting for Income Taxes
US GAAP standard ASC 740
ASC 740
Specifically ASC 740
U.S. tax rules
US GAAP
Ability to handle complex financial processes
Financial and accounting principles and theory
Income tax accounting requirements under US GAAP and IFRS
Income tax reporting standards
Desired experience for tax accounting manager includes:
Reviewing workpapers
MST a plus
Must have recent public accounting experience
Determine of effective tax rate and related disclosures
Update and maintain documentation in support of various tax attributes
Analyze and document global uncertain tax positions
Tax Accounting Manager Examples
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Tax Accounting Manager Job Description
Job Description Example
Our company is looking for a tax accounting manager. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for tax accounting manager
- Review uncertain tax positions for the company under ASC 740
- Oversee preparation and filing of federal, state and local income tax returns and estimated payments
- Oversee planning and compliance for state and local taxes
- Compliance with all intercompany agreement requirements, calculations, and payments
- Financial statement presentation and SOX documentation
- Research and resolve tax and tax accounting issues
- Ensure the company complies with all Sarbanes-Oxley Internal Control policies and GAAP requirements by setting and imposing policies within Tax and Legal Entity Accounting reviewing reports and analysis required for internal/external auditors and statements
- Develops, mentors, coaches and leads staff ensuring the development of employees through orientation, training, establishing objectives
- Manage and review all tax accounting including quarterly and annual calculations of the effective tax rate, reporting of tax reserves and external tax disclosures (Forms 10K, 10Q)
- Forecasting and analysis of quarterly and annual effective tax rates
Qualifications for tax accounting manager
- BA/BS in Accounting or Finance or equivalent
- CPA is required - no exceptions
- 5+ years of recent public accounting experience managing multiple tax accounting projects and engagements
- Ability to work under pressure to achieve all the taxation deadlines
- Numerical and computer literacy
- Minimum 7-8 years in tax with a large public accounting firm or equivalent experience in a corporate environment, with a minimum of 5 years as a Director/Sr
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Tax Accounting Manager Job Description
Job Description Example
Our growing company is looking to fill the role of tax accounting manager. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for tax accounting manager
- Reconciles lower-tier audit cash calculations with RJTCF’s Adjusted Cash Flow calculation
- Invoices partners for payments due
- Tracks and maintains an Accounts Receivable schedule of all expected Annual Cash Distributions
- Creates multi-year projections for use in RJTCF budgeting process
- Creates Cash Distribution analyses through automated and manual processes
- Reviews and interprets Partnership Agreements and Annual Lower Tier Audits to ensure the Cash Distribution formula is being applied correctly by the auditing firm and accounted for accurately
- Reviews all incoming Annual Cash Distribution payments from RJTCF’s portfolio of active partnerships
- Negotiates resolution for outstanding balances to maximize collections while maintaining new business client relationships
- Audits and develops policy and procedures related to key department initiatives
- Tracks Deferred Development Fee payments and corresponds with the Managing Members to ensure compliance related to their repayment
Qualifications for tax accounting manager
- Experience with CorpTax and SAP is beneficial
- 8+ years of progressive professional experience in ASC740 income tax accounting for multinational companies
- Reviews Soft Debt loan documents related to required payments from available Cash Flow
- Evaluates and maintains a tracking log of lower-tier reserve levels, loan requirements and budgets to ensure required minimum levels are met and maintained
- Corresponds with the Production teams, Underwriting/Pays team and Disposition team related to the timing of Cash Distribution requests
- Corresponds with the General Partners of partnerships where the Annual Cash Distribution is outstanding
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Tax Accounting Manager Job Description
Job Description Example
Our company is hiring for a tax accounting manager. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for tax accounting manager
- Review and prepare Forms 3115
- Perform tax research and write tax memoranda
- The manager would support to the cost segregation group by providing technical tax support in connection with depreciation and fixed asset related questions (depreciation, section 110, section 467)
- Experience and strong technical background across a wide range of accounting methods including the tangible property regulations
- Experience with all categories of accounting method changes including both automatic and non-automatic method change requests
- Extensive experience in preparing and reviewing Form 3115, including calculation of Sec
- Candidate must have ability to serve clients of varying sizes, including both middle market and large companies
- Responsible for overseeing the overall foreign tax provision process
- Review the forecasting and planning of the worldwide effective tax rate on a quarterly basis
- Review worldwide monthly tax account reconciliation
Qualifications for tax accounting manager
- Creating Cash Distribution analyses
- Budget and Financial projections
- Bachelor’s Degree (B.A.) in related field and a minimum of six (6) years of accounting experience including and interpreting financial statements
- Strong working knowledge and experience of statutory accounts preparation and UK corporation tax
- Experience or knowledge of financial controls that apply to general ledger activities
- Experience of working within a financial accounting team, undertaking statutory accounts and tax activities
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Tax Accounting Manager Job Description
Job Description Example
Our innovative and growing company is looking for a tax accounting manager. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for tax accounting manager
- Review of Company’s tax disclosures within Form 10Q and 10K filings
- Partner effectively with various groups within the tax department, finance and accounting, legal and other teams to manage the overall tax provision process
- Liaison and educate foreign financial controllership in meeting the U.S. GAAP tax reporting and tax compliance responsibilities
- Manage relationship with external auditors
- Keep abreast of changes in tax statutes and regulations and determine the tax accounting impact on the company’s effective tax rate
- Participate in BSC’s continuous improvement initiative by identifying and implementing process improvements related to the tax accounting and provision function
- Implement proper control and procedure to ensure that the integrity of the companies’ accounts is maintained
- Ensure that monthly, quarterly, annual financial closing process is properly executed within the specified deadlines in order to allow for accurate management
- Ensure that group accounting policies are properly applied and maintained at all times
- Ultimate Management of the accounts payable function and ensure that efficient processes are deployed to ensure control and efficiency of execution
Qualifications for tax accounting manager
- Reading and understanding financial documents including audited and unaudited financial reports, cash calculations and loan documents
- Working closely with the business unit Finance Directors, KPMG, Group Tax, Group Finance and the Internal Governance team, building strong relationships and ensuring all deadlines are met
- An applicant should have at least 5 years of tax experience in a top 10 accounting firm or government
- Ability to develop and lead more junior tax staff
- Strong interest in business development with commitment to the expansion of the practice
- Advise clients on a full spectrum of accounting method issues, planning, research, and compliance
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Tax Accounting Manager Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of tax accounting manager. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for tax accounting manager
- Thorough understanding of differences between local statutory accounting and US GAAP and its impact for consolidated tax reporting purposes
- Support annual audits for US GAAP and local statutory purposes
- Ensure that proper reconciliation of all accounts is performed
- Manage external auditor relationships (assist them in conducting the annual financial audit, answer their inquiries, follow up their adjustments and recommendations)
- Develop as appropriate, review and distribute accounting and internal control policies and procedure manuals within the unit
- Assist in Systems development as appropriate, ensure maintenance of project accounting system (including hedge accounting), billing system, fixed asset accounting system and cost center accounting system
- Is involved in the relationship with local Authorities/Administrations
- Can be involved in the legal management of the company (Board preparation, …)
- Work across the Business organizations including teams responsible for products, fulfillment, customer service, finance & sales
- Oversee income tax, franchise tax and fee, annual fee, and business licensing compliance
Qualifications for tax accounting manager
- Assist with new business development, extended service and tax issue recognition for existing clients and creating sustainable relationships
- Work with and assist other members of the Accounting Method & Periods practice with various technical tax issues related to the timing of deductions and revenue recognition
- Aid clients with filing Form 3115 and IRS ruling requests
- CPA with a Masters in Taxation or J.D
- Experience in filing Applications for Change in Accounting Methods
- Experience with inventory, including UNICAP and Last-in, First-out and Fixed Assets