Posted:
11/11/2024, 4:00:00 PM
Location(s):
North Carolina, United States ⋅ Charlotte, North Carolina, United States
Experience Level(s):
Junior ⋅ Mid Level ⋅ Senior
Field(s):
Accounting
Job Description:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
Job Description:
The Tax Advisor is responsible for overseeing complex accounting processes for income tax within Bank of America’s global structure. This includes preparing quarterly income tax forecasts, managing month-end income tax accruals, and ensuring compliance with financial and regulatory reporting standards. A substantial portion of this role will focus on supporting non-U.S. subsidiaries, making expertise in international tax calculations and governance routines an asset.
This role is ideal for a candidate with a strong background in tax accounting and public accounting who thrives in a dynamic environment. The Tax Advisor will regularly interact with teams across finance, technology, internal audit, and GFCI, providing a unique opportunity to gain comprehensive exposure to various functions within the bank.
Key Responsibilities:
• Tax Accounting and Compliance:
• Prepare and oversee quarterly income tax forecasts, month-end legal entity tax accruals, and reconciliations.
• Ensure accurate income tax accounting and regulatory reporting in compliance with U.S. GAAP and ASC 740.
• Manage and coordinate tax-related tasks with GFCI teams, including reviewing the work delivered by GFCI associates.
• International Tax Support:
• Provide support for international subsidiaries, including tax calculations, governance routines, and responses to accounting and compliance queries from non-U.S. controllers.
• Collaborate with the global tax policy group and external advisory teams to oversee and review tax-related results and compliance for non-U.S. entities.
• Project and Process Improvement:
• Participate in ongoing simplification projects, particularly around book-tax differences and forecasting projections for non-U.S. operations.
• Identify and implement opportunities to improve tax processes and reporting efficiencies.
Qualifications:
Required Skills and Experience:
• Bachelor’s degree or higher in Accounting, Taxation, or a closely related field.
• At least 7 years of public accounting experience or relevant industry experience, preferably within a financial institution.
• Proficient knowledge of ASC 740, U.S. GAAP, and current tax laws.
• Strong written and verbal communication skills with the ability to coordinate across multiple teams.
• Excellent time management skills, with the ability to multitask and meet internal and external deadlines in a dynamic environment.
Preferred Skills and Experience:
• CPA certification.
• Experience with Corptax software and SAP General Ledger systems.
• Familiarity with emerging technologies (e.g., Tableau, Alteryx) for enhanced data analysis and reporting.
Soft Skills:
• Strong interpersonal and communication skills to effectively work with diverse teams across various departments.
• High adaptability and problem-solving skills to manage evolving tax requirements and project demands.
• Strong organizational skills with an emphasis on detail-oriented tasks and time management.
Shift:
1st shift (United States of America)Hours Per Week:
40Website: https://bankofamerica.com/
Headquarter Location: Charlotte, North Carolina, United States
Employee Count: 10001+
Year Founded: 2007
Last Funding Type: Seed
Industries: Asset Management ⋅ Banking ⋅ Finance ⋅ Financial Services ⋅ FinTech