Financial Management Department - Income Tax Associate/AVP

Introduction

Established in 1912, Bank of China is one of the largest banks in the world, with over $3 trillion in assets and a footprint that spans more than 60 countries and regions. Our long-term outlook, institutional weight and global breadth provide our clients with a stable and reliable financial partner, whether in Corporate or Personal Banking or our Trade Services, Commodities, Financial Institutions and Global Markets lines of business.

Overview

• Review state tax estimate calculations, tax provisions and tax returns to ensure the bank complies with state tax regulatory and filing requirements

Responsible for handling notices from States

Monitor state tax law developments that are applicable to the bank

Coordinate indirect tax consulting needs (e.g. sales and use tax)

Responsibilities

Tax Return Filing & Year-end Tax Provision

Review tax provision prepared for FS purpose and handling external audit inquires

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

Quarterly Tax Accrual and Estimated Tax Calculation

Review/prepare state tax quarterly/monthly provisions and ensure the accuracy of state tax calculations

Prepare state tax estimated tax payments

Tax Consulting

Handling internal State and Local tax related inquiries, including:

Collect specific business facts and circumstances

Perform state tax research or leverage external tax resources to arrive at conclusionsUpdate policies and procedures to enhance internal control over state and local tax compliance

Tax Notices

Conduct document collection, compilation and responses to notices received from state tax authorities

Contact tax authority to resolve open tax issues, such as the pending refunds and misapplied tax credits

Monitor audit progress and respond to the tax authorities’ requests

Tax Policies, Procedure, and Tax Accounting Treatment Update

Update policies and procedures to enhance internal control over state and local tax compliance

Qualifications

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

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

Pay Range

Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications.

USD $42,000.00 - USD $150,000.00 /Yr.