Manager, Tax Reporting Job Description
Manager, Tax Reporting Duties & Responsibilities
To write an effective manager, tax reporting job description, begin by listing detailed duties, responsibilities and expectations. We have included manager, tax reporting job description templates that you can modify and use.
Sample responsibilities for this position include:
Manager, Tax Reporting Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Manager, Tax Reporting
List any licenses or certifications required by the position: CPA, JD, EA, WHT
Education for Manager, Tax Reporting
Typically a job would require a certain level of education.
Employers hiring for the manager, 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, Finance, Law, Business, Graduate, Taxation, Education, Management, Economics, Communication
Skills for Manager, Tax Reporting
Desired skills for manager, tax reporting include:
Desired experience for manager, tax reporting includes:
Manager, Tax Reporting Examples
Manager, Tax Reporting Job Description
- Liaising with all Legal Entity Controllers in the Asia region to ensure the group is meeting all compliance responsibilities within each relevant jurisdiction
- Advising business and Finance on indirect tax issues, including reviewing and advising on the transaction tax consequences (including compliance) of ad hoc transactions
- Performing technical reviews of transaction tax returns for group entities
- Assisting in transaction taxes and accounting focussed prudential reviews measures
- Managing tax audits and all other revenue authority interactions
- Application of internal tax division policies, processes and controls relating to transaction taxes
- The Tax Reporting team manages global group tax compliance and the accuracy and integrity of the Group tax balances
- Assisting the Taxation Division in providing taxation support to all areas and manages the Group's relationship with revenue authorities and tax advisers
- Working closely with Finance and all business operations in the Asia region
- Dealings with external advisors & revenue authorities
- Ability to research tax issues using Internal Revenue Code, regulations
- Strong understanding of FATCA, Chapter 3 withholding, remittance requirements, cost basis reporting
- Bachelors degree in Accounting or related field, CPA or MST a plus
- Experience with Corptax income tax software is a plus
- BS/BA degree in accounting or comparable work experience
- BS/BA in Accounting or Business related field
Manager, Tax Reporting Job Description
- Understanding local tax reporting requirements for stat reporting, regulatory reporting and tax compliance purposes
- Understanding operational risks and ensuring controls meet internal risk policies
- Change management (communicating changes, training)
- Reviewing of key areas of tax risk
- Liaising with different stakeholders across the organisation including Business Unit Finance, Legal Entity Controllers and Tax Division
- Providing advice and solutions on tax compliance and other tax issues
- Understanding of tax advice and complex structures to ensure that the tax outcomes are captured correctly in the General Ledger
- Internal reporting of tax accounting information to head office
- Review of bi annual reconciliation of income tax expense and deferred tax balances prepared by LECs in the Asia region
- Review of tax returns and payments in the Asia region
- Ability to co-ordinate multiple assignments and successfully manage work plans in an autonomous environment
- Ability to support other Division members when situations arise to ensure the Division's requirements and goals are met
- Qualified Lawyer or CA (or equivalent) with at least 5 - 10 years post qualification experience advising on GST / VAT and other transaction taxes in the Asia Pacific region
- Experience ideally gained within a large commercial law firm or chartered accounting firm in Australia or Asia
- Energy trading / transport taxes experience preferred but not essential
- Accounting software skills
Manager, Tax Reporting Job Description
- Support the tax advisory function within the Asia region and ensure transactions are properly accounted for in tax returns
- Manage the preparation of state and local income and franchise tax returns, consistent with resource plans and budget, and review the returns, including workpapers, to ensure accurate reporting, disclosure and ready defense
- Review returns, quarterly estimates, extensions and amended tax return filings using core systems
- Ensure the Risk Assessment Matrix appropriately reflects the correct risk profile for each state tax adjustment, jurisdiction, and entity based on current tax law and business activity
- Prepare the reconciliation of the tax provision as recorded to the returns prepared for filing and explain all differences as required by tax policy (book to return)
- Develop and recommend tax plans to reduce the Corporation’s overall tax burden and optimize cash flow
- Ensure the US tax forecasts (cash and ETR) reflect the best available information for key state income tax drivers
- Provide responses to state taxing authorities’ inquiries and other audit assistance as required
- Develop, improve, and document primary state tax reporting processes, including the book-to-return, provision, payable reconciliation, and state return preparation processes
- Align and maintain collaborative relationships with the Shared Service Center and Controller’s Office the Tax Accounting, Tax Consulting, and Tax Defense COEs
- Investment banking knowledge preferred, but not essential
- Ability to work autonomously in a regional office environment
- Excellent communication skills to enable escalation of issues if required
- Able to demonstrate management skills through interactions and relationships with other regional office staff
- Ability to develop internal client relationships with members of Finance, and external relationships with advisors and revenue officers
- Working experience with a multi currency GL
Manager, Tax Reporting Job Description
- Consolidating the quarterly forecasted effective tax rate (“ETR”)
- Managing the potential changes to the monthly ETR forecast, including both foreign and domestic issues
- Preparing the financial statement disclosures for tax matters, including drafting the tax footnote and MD&A
- Coordinating the quarterly FIN 48 process and the quarterly/annual tax provision review by both external and internal auditors
- Assisting with special projects (e.g., long-range plan, tax accounting research, internal controls, tax accounting initiatives)
- Research, analyze, review and draft positions on highly technical US international tax issues such as technical analysis of subpart F blocked income
- Analyze advice from foreign advisors on foreign tax technical positions
- Assist with design and implementation of international planning projects as needed
- Review and document accounting positions on technical international tax issues, both US and Ex-US
- Identification and delivery of training requirements of colleagues within Group Reporting and Group Tax with respect to both Tax Reporting and Control and Risk Management (CARM)
- Transaction taxes advisory experience in Financial Services in Asia
- Broad financial accounting knowledge
- Demonstrate commercial knowledge
- Qualified CA (or equivalent) with at least 5 years post qualification experience
- Experience ideally gained within large commercial organisation or chartered firm
- Management experience of a small team (3-4 people)
Manager, Tax Reporting Job Description
- Develop and implement standard procedures worldwide for withholding tax compliance and reporting processes
- Works with Tax Reporting personnel to provide resolution of problems beyond their expertise and on inquiries which require in-depth knowledge or analytical experience – this could also include department training
- Consults with senior management to provide long-term guidance for the department as it relates to service improvements and industry-related planning, including medium- and long-term project work
- Gathers and documents business requirements for various system enhancements, workflow changes and innovations
- Documents change orders with internal/external partners and ensures the requirements are clearly delivered
- Support the wider team at peak periods and act as the operational cover for other staff
- Responsible for tax reporting to clients and to federal and state agencies
- Responsible for monthly and annual statement production, verification, and support
- Works with Information Technology to plan and implement changes to reporting systems and documents
- Works with document vendors to ensure timely and accurate production of daily, monthly, and annual documents to clients
- Indirect management experience of an offshore team and assisting with prioritisation of work so that the team optimises resourcing
- Embed culture of knowledge capitalisation and sharing within the tax team and other FMG functions to work towards ensuring tax requirements are best met
- Good understanding of data flows source systems / product systems / General Ledger
- Strong communication skills and liaising with both internal and external stakeholders to ensure the best outcomes for the Group and escalation of issues on a timely basis
- Strong Tax Accounting experience with IFRS experience preferable
- 6-8 year’s tax experience at US based multinational or major US accounting managing the preparation and /or preparing US federal, state and local corporation and partnership income tax returns