Tax Accountant

The University of Chicago Medicine•Burr Ridge, IL

29d•Hybrid

About The Position

The Tax Account will assist the Tax Reporting and Compliance team in overseeing tax compliance for the University of Chicago Medicine. This position will be responsible for ensuring payroll, sales and use, property tax, and 1099/1042 information reporting compliance with the federal/state/local tax laws including filing of returns for not-for-profits, taxable C-corporations, partnerships, and international tax filings. The individual will work closely with the Strategic Tax Reporting and Compliance leadership to plan and maintain an efficient/timely compliance process, reduce overall tax risk and ensure the delivery of high-quality services to UChicago Medicine and its affiliates. The position will research tax laws and regulations and document and communicate their impact broadly to the organization. This person will be a key tax consultant for affiliates and play a critical role in maintaining/establishing strong relationships with them.

Requirements

Bachelor’s degree in accounting, taxation, or related field from an accredited college or university.
2 years of work experience, preferable at least 1 year in accounting and/or taxes (includes internships)
Knowledge of Generally Accepted Accounting Principles (GAAP).
Advanced computer skills required including Microsoft Office (Word, Excel, PowerPoint).
Excellent written and oral communication skills are essential.
Logical, clear thinking and independence is crucial.
Strong understanding of generally accepted accounting principles and concepts
Familiarity with relevant regulations and compliance requirements.
Ability to manage several high priority assignments / task to completion
Proficiency in financial analysis, reporting tools, use of excel and other analytical tools.
Excellent analytical and problem-solving skills, ability to work independently and as a team to solve problems and raise issues and drive continuous improvement
Attention to detail and ability to work accurately under tight deadlines.
Effective communication and interpersonal skills.
Advanced computer skills required including knowledge and proficiency with spreadsheet and database programs.
Knowledge of large scale, complex Enterprise Resource Planning (ERP) systems and the impacts of how transactions flow
Strong quantitative and qualitative analysis skills; able to take complex information and present it in a clear and concise manner.
Excellent written and oral communication skills are essential and be able to articulate issues in a precise, substantive manner.
Able to work independently in a matrix organization, and our teams, including the ability to execute through others to achieve business results.

Nice To Haves

CPA or CFA certification is preferred, but not required

Responsibilities

Research and document compliance with state laws specific to remote work
Prepare new registrations for state tax compliance for remote workforce
Monitor payroll rosters and liaise with HR for potential new hires in states not currently registered for payroll
Provide internal tax support and manage open cases with external payroll tax preparers
Provide tax support to payroll department on state tax issues.
Review Illinois and Indiana sales and use tax returns for: Not-for-profits, taxable C-corporations and partnerships related to hospital operations.
Assist accounts payable and payroll in the review of annual information return filings (1099) and IRS inquiries/compliance checks.
Gather and review 1099’s received by UCM and related entities.
Prepare W-9’s and review W-8’s other FATCA compliance forms.
Provide periodic financial statement reporting for New Markets Tax Credits projects
Research and interpret tax issues, document and communicate findings.
Identify areas of opportunity and recommend procedures, processes, and instructions to create efficient and aligned work.
Perform other duties as assigned.
Process periodic GL entries to account for tax receivables/payables and accrued property taxes.
Work closely with Legal and UCM facilities to ensure property taxes are paid on time
Track refunds related to certificates of error and new property tax exemptions
Assist in the preparation of new property tax exemption applications and annual property tax renewal submissions.
Performs other duties as assigned.