Financial Management Department - Income Tax Associate/AVP

Bank of China Limited, New York Branch•New York, NY

8d•$42,000 - $150,000

About The Position

The Financial Management Department is seeking an Income Tax Associate/AVP to review state tax estimate calculations, tax provisions, and tax returns to ensure the bank complies with state tax regulatory and filing requirements. This role is responsible for handling notices from States and monitoring state tax law developments applicable to the bank. The position also involves coordinating indirect tax consulting needs, such as sales and use tax.

Requirements

Master’s degree or equivalent in a tax-related field.
At least 2 years of experience in taxation or accounting, or relevant experience in the banking and financial services industry.
Knowledge of taxation, accounting, and finance/banking.
Experience in corporate income tax, general ledger, and financial statement preparation; familiarity with accounting and regulatory compliance, including US GAAP and IFRS.
Fluent in both spoken and written English.

Nice To Haves

4+ years of experience in taxation or accounting, or relevant experience in the banking and financial services industry for AVP level.

Responsibilities

Review tax provision prepared for FS purpose and handling external audit inquiries.
Review information collected for state income tax return preparation, such as state apportionment data.
Monitor the return filing process to the applicable state tax authorities.
Review annual state tax returns.
Perform the annual state tax nexus and apportionment analysis.
Review/prepare state tax quarterly/monthly provisions and ensure the accuracy of state tax calculations.
Prepare state tax estimated tax payments.
Handling internal State and Local tax related inquiries, including collecting specific business facts and circumstances, performing state tax research or leveraging external tax resources to arrive at conclusions.
Conduct document collection, compilation and responses to notices received from state tax authorities.
Contact tax authority to resolve open tax issues, such as pending refunds and misapplied tax credits.
Monitor audit progress and respond to the tax authorities’ requests.
Update policies and procedures to enhance internal control over state and local tax compliance.