Tax Reporting Job Description
Tax reporting
provides support for the preparation of the US current and deferred income tax provisions in accordance with ASC 740.
Tax Reporting Duties & Responsibilities
To write an effective tax reporting job description, begin by listing detailed duties, responsibilities and expectations. We have included tax reporting job description templates that you can modify and use.
Sample responsibilities for this position include:
Assist in the year end ASC 740 to ensure that WMG income tax provision is timely and accurately forecasted and reported in accordance with GAAP
Assist in the year end ASC 740 to ensure that the company's income tax provision is timely and accurately forecasted and reported in accordance with GAAP
Process daily surveillance of non-qualified investments in registered plans and TFSA accounts and notify affected Clients of the Tax implications and penalties to ensure minimal impact to client accounts
Assist with the client query, review, and processing of various registered tax forms
Provide service and support to business partners (15%)
Active with the preparation of the consolidated tax provision
Monitor the company's tax accounts, deferred and current, for the US and all subsidiaries
Qualified Chartered Accountant or qualified/studying Masters of Tax
Currently operating at a Manager level within a Tax or Finance role
Experienced in financial services industry (preferred)
Tax Reporting Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Tax Reporting
List any licenses or certifications required by the position: CPA, JD, EA, LLM, FATCA, LEED, W8-IMY, W-8, W-9, IRS
Education for Tax Reporting
Typically a job would require a certain level of education.
Employers hiring for the tax reporting job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Accounting, Business, Education, Finance, Taxation, Business/Administration, Associates, Public Accounting, Financial Services, MBA
Skills for Tax Reporting
Desired skills for tax reporting include:
CORPTAX
ONESOURCE software
Vertex
ASC 740
Managing files and records
Standard office procedures and terminology
Client
Competition
Market and product
Service to expand services to current clients
Desired experience for tax reporting includes:
Bachelor's degree in Accounting,Finance, Business Administration or equivilant experience in Financial Services required
Federal and State tax return preparation for corporations and partnerships
6-8 years tax experience at US based multinational /major US accounting providing tax services to US based multinational
Must have relevant tax experience with a concentration in domestic partnerships
Must produce timely and accurate records, and understand that supporting work paper documentation is paramount
Must be proactive, follow through on commitments and understand that deadlines are meaningful
Tax Reporting Examples
1
Tax Reporting Job Description
Job Description Example
Our company is growing rapidly and is looking for a tax reporting. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for tax reporting
- Assist with client and business partner inquiries
- A qualified Chartered Accountant
- Currently operating at a Manager level within a Tax role
- Have a genuine interest in financial services
- Primary responsibility for the preparation of US tax filings and filings relating to foreign entities, including Forms 5471, 1118
- Assist with the review of tax filings and workpapers
- Prepare and review financial analyses and account reconciliations
- Supporting team with the quarterly effective tax rate process for Europe, the year-end tax provision process both for US GAAP group reporting and for UK GAAP/ European GAAP individual company reporting
- Strong technical accounting and/or tax skills
- Ability to multi task and be flexible regarding changing priorities and tight deadlines
Qualifications for tax reporting
- The incumbent must have excellent knowledge of current and evolving US GAAP tax accounting rules and current FASB interpretations, good knowledge of US GAAP rules generally
- Series 99 (or an equivalent license, Series 7) preferred
- 7+ years of prior accounting experience, either public or private/ public, private, combo /
- Qualified candidates will have a minimum of 4 years experience in the area of Federal income taxes, in either a large public accounting environment, large corporate environment or both
- Qualified candidates will have a minimum of 8 to 10 years experience in the areas of Accounting for Income Taxes and Federal corporate income taxes, in either a large public accounting environment, large corporate environment, or both
- ERP system skill (with SAP skills an advantage)
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Tax Reporting Job Description
Job Description Example
Our company is hiring for a tax reporting. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for tax reporting
- Conducting the reconciliation of Agents’ reportable income reports and the resolution of all differences on a timely basis to ensure accurate 1042, 1099 and/or client reporting
- Accurate data extraction and preparation of annual client reporting, including the calculation and production of (CGT) cost basis information on sales transactions
- 5 – 8 years accounting and/or tax experience at multinational public company or accounting firm
- Working knowledge of accounting and US GAAP reporting principles
- Income Tax experience a plus
- Internal Controls experience a plus
- Income tax accounting process, including the preparation current and deferred tax reconciliations for material entities in the region and review calculations prepared by the GFS team
- Support for the sections of the indirect tax accounting process, including the preparation of tax reconciliations for material entities in the region and review calculations prepared by the GFS team
- Serve as the subject matter expert of US state income and franchise tax for the Company
- Develop annual resource plan and budget
Qualifications for tax reporting
- Good communication and problem solving kills
- Typing 40 WPM or greater
- Ability to work effectively in a fast-paced, computer-based atmosphere
- The ideal candidatewill ideally be educated to ‘A level’ or equivalent
- Experience in thefinancial services industry or an administration role is desirable, but notrequired
- Abiity to workaccurately, with attention to detail is essential
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Tax Reporting Job Description
Job Description Example
Our innovative and growing company is looking for a tax reporting. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for tax reporting
- Reviewing tax reporting submissions from countries and submitting regional tax reports to the Corporate Tax Team in collaboration with the Regional Tax Team
- Maintaining an effective, SOX-compliant regional tax reporting process, in collaboration with the Regional Tax Team and based on guidance from the Corporate Tax Team
- Ensuring awareness of the tax reporting principles and requirements in the countries by clear communication and by providing guidance, training sessions and ad hoc support
- Manage a team of 3 – 5 associates responsible for reconciliation and tax processing inquiries
- Ensure state and federal withholding rules are accurate
- Leadership role to drive quality, accuracy, utilization and productivity on their team
- Present to all levels of management
- Participate in tax reporting projects related to system improvements or future regulatory changes
- Participate in Lean meetings to execute the OSG and divisional strategy
- Interpreting new law and implementing regulations (such as FATCA)
Qualifications for tax reporting
- Project management experience preferred ability to concurrently manage multiple projects
- Ability to work toand meet strict deadlines is essential
- Utilizing ERP-based solutions, including technical development efforts required for successful ERP solutions--designing, building, testing and deploying the technical component
- Support the Director – Transfer Pricing (New York) and the local external advisors with transfer pricing audits in applicable Europe jurisdictions on an as needed basis
- Strong accounting knowledge with experience of tax accounting and disclosures would be advantageous (UK, IFRS and US GAAP knowledge), particularly in multi-legal entity environment
- Proficiency with Microsoft Office and firm’s financial systems, , WISE, etc
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Tax Reporting Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of tax reporting. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for tax reporting
- Understanding the needs of stakeholders and effective and timely stakeholder management
- Understanding of and application of existing tax accounting policies and ability to explain implications of IFRS on the tax reporting
- Manage certain the Tax Reporting related tasks of ROW
- Management of annual CARM reporting cycle
- Coordinate and manage all aspects of global withholding tax compliance
- Review withholding tax reconciliations of balance sheet and income statement accounts
- Drive the development of standard procedures and systems to automate withholding tax compliance
- Manage withholding tax provision and forecasting
- Research and review withholding tax effects of various international transactions
- Support international tax controversy teams on withholding tax audits
Qualifications for tax reporting
- Min 5-7 years of state income tax experience, including tax accounting, in a large multinational corporation or public accounting firm
- CPA or Masters of Tax
- An MBA or a Master’s degree in Taxation preferred
- A minimum of 10 years of tax experience is required, with a minimum of 5 years tax experience at Big Four accounting firm and/or a large U.S. multinational organization
- Deep expertise and experience in US International Tax concepts (Subpart F income, foreign tax credits, earnings and profits, investment in US property, ) is required
- Extensive experience in preparation and review of forms 5471, 8858, 8865 and 1118 is required
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Tax Reporting Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of tax reporting. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for tax reporting
- Manage federal income tax audits unitary and certain separate state income tax audits as required
- Research regarding recently issued accounting guidance
- Responsible for supporting the day to day operations of the Clearing Tax Reporting Team including processing, reconciling income reporting exceptions, and other reporting requirements
- Supporting the Department Manager and team on a daily basis and the ability to back up/cover duties as needed
- Run various reports on access databases and vendor systems to provide operational processing information and take action as appropriate
- Ensure efficient tax cash flow management
- Assist the Financial Controller in the efficiency and timeliness of the month end close process by ensuring delivery of team outputs within the agreed timeframes of internal stakeholders
- Review, preparation and posting of standard and non-standard journals
- Review, preparation and implementation of controls around month end and management accounts review
- Review of the P&L lines to ensure completeness and accuracy, adding value through supporting narrative
Qualifications for tax reporting
- Will be required to travel between the two Toronto offices & may be required to attend industry seminars in person
- Ability to identify and implement various process improvements to facilitate tax reporting and International tax compliance requirements centered on increasing controls and making processes more efficient is required
- Knowledge of Finance, Accounting, Budgeting and/or cost control principles and tax reporting
- Accounting qualification CPA (Chartered/Certified Accountant) or equivalent
- Solid understanding of Processes and mechanics of different accounting standards
- Ensure that foreign affiliate current and deferred tax account balances are accurately stated and properly classified through quarterly review of their tax submissions