US Corporate Tax-Senior Consultant-ASC-740

Job Title -US Tax Senior Corporation (Insurance)

Job ID - 1586532

Link to apply for the role-

https://careers.ey.com/job-invite/1586532/

Job Location: Preferably Gurgaon

Your key responsibilities

• Thorough understanding and review skills for US Federal Corporate Insurance (1120, 1120PC and 1120L) tax returns
• Basic understanding of Book To tax adjustments and reclasses, Taxable Income Calculations
• Knowledge about recent tax legislative changes and developments on US federal
• Prepare / Review complex tax returns and relevant supporting filings. Consistently provide high quality work
• Demonstrate ability working with under complex formal process and tax technology background
• Contribute to client satisfaction by providing timely and effective responses to client needs and concerns
• Review of Extensions/estimates, address audit observations by IRS (Federal and state notices)
• E-file tax return and review XML packages and check for any E-file rejects
• Fair understanding of ASC740 and its treatment in Insurance industry
• Fair understanding of SSAP101 and its implication on Insurance industry
• Manage assigned task throughout end-to-end process in timely manner
• Train and guide Staff (new and experienced) on client related specific policies and general firm standards
• Guide, mentor Staff (new and experienced) for upskilling, technical advancement, and performance management
• Display general knowledge of engagement big picture and work towards obtaining appropriate certification
• Take ownership of your schedule and proactively seek work when necessary to meet your annual chargeability goal
• Adhere to practice protocol and other internal processes consistently

Skills and attributes for success

• Knowledge of Accounting standards and good understanding of accounting principals
• Proficient on One Source and/or Go System tax software
• Ensuring adoption and specialization of EY methodologies, EY tools and technology specific to tax
• Good grasp of baseline tax technical issues and processes relevant to US Corporation taxation
• Demonstrate an understanding of complex technical issues such as CARES act, TCJA act
• Knowledge of recent tax legislative changes
• Motivate, inspire and coach Tax Analysts, mentor new members of the team
• Adhere to the code of conduct of the company. Represent the company in a professional manner and uphold the highest standards of ethical business practices
• Proactively interact with client management team to gather information and engagement specific treatments and process
• Work as team player with team and other members to achieve the deliverables in stipulated time with quality
• Identifying opportunities for process improvement

To qualify for the role, you must have

• Graduate or Postgraduate in Finance
• CPA/EA will be an added advantage (Completed or Pursuing)
• 3 to 4 years of experience in the similar tax service line

Ideally, youll also have

• Awareness (basic understanding) of other US taxes-International forms filings
• Ability to read, interpret and apply the tax legislation