VP State and Local Tax Planning
About The Position
In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the US. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position. Our purpose — Opening up a world of opportunity — explains why we exist. Here at HSBC we use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We're bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world — for our customers, our people, our investors, our communities and the planet we all share. The VP State and Local Tax Reporting and Audits reports to the Senior Manager, Corporate Tax. This individual will be responsible for all aspects of Tax Accounting, Reporting and Compliance related to State and Local Income taxes, including the preparation of quarterly and annual SEC income tax disclosures and assist with IFRS reporting at the Consolidated HSBC level. This individual will also be responsible for managing Federal, State, and Local Tax Audits for the US HSBC Group. This role will also work closely with the Tax Technology Manager to manage the monthly OneSource Tax Provision process and work with Tax team members to maintain proper documentation and ensure compliance with internal and SOX controls for Tax Accounting and compliance.
Requirements
- Bachelor's degree or equivalent in Finance, Accounting, or related discipline
- Strong experience at accounting firm or financial industry tax department.
- Knowledge of U.S. GAAP accounting principles and ASC 740, recent experience with Tax Accounting and/or SOX internal controls for Tax
- Experience with State and Local income tax compliance, including different filing methods, apportionment
- Experience with federal and state income tax audit management
- Proficiency in Microsoft applications (Word, Excel, PowerPoint)
- Strong interpersonal skills with the ability to team effectively with different business cultures
- Strong oral, written, presentation, organizational and project management skills
- Strong analytical and problem-solving skills
Nice To Haves
- CPA – preferred
- Experience with OneSource Tax Provision software a plus
- advanced Excel skills are plus
- Proficiency in common applications (Qlik, Alteryx, Tableau.) are plus
Responsibilities
- Prepare/review supporting materials for the monthly, quarterly and annual tax provision including consideration of changes in state or local tax law, projecting DTA positions (state NOL and other components) and tax footnote disclosures
- Manage the collection, review and submission of external financial auditor tax information requests for both quarterly and annual reporting purposes related to State and Local taxes
- Engagement in co-sourced compliance process, including providing supplemental details such as financial results and apportionment information needed to prepare and file state and local tax filings. Review returns prepared by co-source partner prior to filing
- Manage engagement and assist Senior Manager with looking for opportunities to add efficiencies to the state and local tax process
- Partner with Tax team members and external financial auditors to track and ensure adequate documentation for internal and external SOX reporting purposes
- Monitor emerging issues in U.S. GAAP accounting standards and SEC reporting, as well as proposed changes in state and local tax laws, and quantify the financial statement impact
- Manage and update State FIN 48 and FAS 5 reserves and supporting analysis
- Identify and implement opportunities for process improvement within the Tax provision process and forecasting process, especially with respect to utilization of technology
- Provide support and written responses for IRS Audit queries and assist with State Audit queries.
- Assist with Tax intercompany settlement in accordance with our Tax Sharing Agreement
Benefits
- competitive pay and benefits package
- robust Wellness Hub
- welcoming and inclusive work environment
- tailored professional development opportunities
- industry-leading volunteerism policy
- generous matching gift program
- comprehensive program of immersive Sustainability and Climate Change Initiatives
- Employee Resource Groups
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What This Job Offers
Job Type
Full-time
Career Level
Manager
