Tax Accountant

HSBC Global Services Limited•New York, NY

About The Position

The Tax Accountant - Corporate Tax is responsible for tax accounting, reporting, and compliance for sub-groups within the U.S. HSBC Consolidated Group. The role prepares quarterly and annual income tax provision computations and supports IFRS reporting at the consolidated HSBC level. It also works with the Tax Technology Manager to manage the monthly OneSource Tax Provision process, maintains documentation and compliance with internal and SOX controls, supports tax provision technology enhancements, and assists with tracking federal, state, and local tax payments and uncertain tax positions. The role reports to the Senior Manager, Corporate Tax.

Requirements

Bachelor's degree or equivalent in Finance, Accounting, or a related discipline.
Experience at an accounting firm or in a financial industry tax department.
Knowledge of U.S. GAAP accounting principles and ASC 740.
Recent experience with tax accounting and/or SOX internal controls.
Strong interpersonal skills and ability to work effectively with different business cultures.
Strong oral, written, presentation, organizational, and project management skills.
Strong analytical and problem-solving skills.

Nice To Haves

Experience with OneSource Tax Provision software.
CPA.
Proficiency in Microsoft Word, Excel, and PowerPoint; advanced Excel skills are a plus.
Proficiency in common applications such as Qlik, Alteryx, and Tableau.
Knowledge of transfer pricing concepts.

Responsibilities

Prepare and review supporting work papers for monthly, quarterly, and annual tax provisions, including book-tax differences and tax footnote disclosures.
Manage the collection, review, and submission of external financial auditor tax information requests for quarterly and annual reporting.
Manage engagement and assist Senior Management with process improvement projects and opportunities to improve efficiency.
Coordinate deferred tax validation support for the consolidated group with outside consultants and review tax return output.
Partner with Tax team members and external financial auditors to track and ensure adequate documentation for internal and external SOX reporting.
Monitor emerging issues in U.S. GAAP accounting and quantify their financial statement impact.
Identify and implement tax provision and forecasting process improvements, especially through technology utilization.
Provide written responses to IRS audit queries for assigned business units, assist with state audit queries as needed, and coordinate tax intercompany settlement under the Tax Sharing Agreement.
Work with the Tax Technology Manager to manage the monthly OneSource Tax Provision process.
Maintain appropriate documentation and ensure compliance with internal and SOX controls for tax accounting and compliance, and EUC inventory.
Support tax provision process technology upgrades consistent with HSBC Group priorities.
Support the state tax manager in tracking federal, state, and local tax payments and uncertain tax positions.