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Manager, US Corporate Tax
Ernst & Young
posted 5d ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
- Performing detailed review of US Corporate Federal Tax returns (1120, 1120PC and 1120L) and State Local Income tax returns and relevant supporting forms
- Ensure accurate, timely filing of consolidated federal, state and local income tax returns and other business related filings
- Reviewing Book To tax adjustments and reclasses - Unearned premiums, discounted unpaid losses, wash- Sales, PFIC, Straddle loss, DRD adjustments etc.
- Find and implement opportunities for process improvement in company tax procedures
- Manage members of the tax team as they prepare components of the companys US federal income tax return and other tax documents
- Perform detailed review of Investment Income
- Manage and facilitate IRS income tax audits preparing responses, creating schedules, etc.
- In-depth knowledge of Statutory reporting vs General Accepted Accounting Principles and Adjustments
- In-depth knowledge of ASC 740, including review and finalization of adjustments. Report out the findings with clients and US stakeholders
- Fair understanding of SSAP101 and its implication on Insurance industry
- Work under stringent deadline on ASC 740 during annual and quarter close
- Contribute to client satisfaction by providing timely and effective responses to client needs and concerns
- Review of International tax fillings such as Form 926, 1118, 8865, 8621, 5471 etc.
- Monitor legislative and regulatory tax law developments, communicate the effects of the developments to management and the tax team
- Knowledge about recent tax developments and changes including Schedules K-2/K-3 reporting requirement
- Detailed analysis of organization chart and report the findings, discuss with onshore team in a presentable manner
- Manage own and/or other s impact on project economics, including controlling costs, monitoring budget to actual differences
- Guide, mentor Staff (new and experienced) for upskilling, technical advancement, and performance management
- Adheres to practice protocols and other internal processes consistently
Skills and attributes for success
- Extensive corporate income tax knowledge
- Strong accounting, analytical, and research skills
- Excellent written and oral communication skills
- Strong knowledge of tax code, compliance and procedures for corporations
- Familiarity with US federal, state and local reporting requirements
- Strong ability to utilize project management and accounting best practices to organize and prioritize tasks and the tasks of other tax team members
- Accountability for client engagements and their success, handling delivery of engagements
- Planning and coordinating multiple deadlines, create coherent teams, and respond promptly to client/onshore team requests
- Working with peers within its functions and across client service teams
- Building and leveraging relationship with US engagement teams
- Proficient with One Source or other tax compliance third party vendors like CCH etc.
- Ability in Microsoft Office software programs, including spreadsheet programs (i.e., Excel)
- Managing engagement workflow, engagement team resources, engagement invoicing and budgeting
- Conduct performance reviews, serve as a mentor and contribute to performance feedback/training
- Maintain an educational program to continually develop technical and managerial skills for yourself and the team
- Strong organizational and interpersonal skills, ability to supporting recruitment activity
To qualify for the role, you must have
- CPA/EA certification preferred
- 7-8 years of experience
- Good written and verbal communication skills along with Team handling and leadership skills
Ideally, you ll also have
- Ability to read, interpret and apply the tax legislations
- A strong sense of belongingness and adaptability to the changing needs of the clients
Employment Type: Full Time, Permanent
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Flexible timing
Monday to Friday
No travel
Day Shift
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