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.