US Corporate Tax, Federal -Senior

Job Description

Job Title -US Tax Senior - Corporation- BCM (Banking and Capital Market) Role name and description Tax Senior - The Senior role provides a unique opportunity to tax professionals with excellent researching and inter-personal skills to advance their career in managing end to end tax compliance operations. The position involves delivering compliance expertise to multiple clients and play a meaningful role in delivering operational improvements and bringing valuable solutions for client needs. Individual should be able to work both as part of a team and independently while bringing strong technology and analytic skills to drive continuous improvement. The opportunity When you join EY GCR Financial Service Operations (FSO) team, you will be at the heart of EYs critical mission to build a better working world by applying knowledge skills and experience in assisting clients in meeting their business purpose. Your key responsibilities Performing detailed review of Corporate Tax returns, both domestic and Foreign (1120, 1120-S and 1120-F) for US Federal and State Blockers, Management companies and Banking Industry. Reviewing Book to tax adjustments and reclasses. Must have working experience on Single entities and consolidated returns, State and Local - Combined and Unitary returns Review Extensions/estimates/withholding work papers Review and preparation of international tax fillings such as Form 926, 5471, 5472, 5452, 8991 and 8992. Responsible for reviewing/calculating ECI, FDAP and Foreign Withholding Information for foreign investors-1042/1042S, 8804/8805. Knowledge of Tax provisions (ASC 740): Knowledge on standard audit documentation. Must be knowing how to compute the tax basis and Earnings and Profit (E&P) Must have full knowledge on reading the 1065 return and federal and state K-1 Knowledge about addressing and responding federal and state notices. Knowledge about recent tax developments and changes including Schedules K-2/K-3 reporting requirement. E-file tax return and review XMLS and check for any E-file rejects 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. 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 basic understanding of accounting principals Proficient on Gosystem/OneSource Income Tax and corp. tax Ensuring adoption and specialization of EY methodologies, EY tools and technology specific to tax Knowledge of recent tax laws and update Supervise, train, and mentor staff and New Joiners on different tax engagements 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) 4 to 7 years of experience Ideally, you’ll also have Awareness (basic understanding) of other US taxes 1065/1040, International Tax Compliance. Ability to read, interpret and apply the tax legislation