What are the responsibilities and job description for the Tax Analyst, CG-501-13 position at Federal Deposit Insurance Corporation?
This position is located in the Division of Resolutions and Receiverships, Tax Section, Washington DC, New York, NY or Dallas Tx, of the Federal Deposit Insurance Corporation and provides support in the areas of planning, organizing and implementing all domestic and international tax compliance duties of failed banks placed in a FDIC receivership.
Additional selections may be made from this vacancy announcement to fill identical vacancies that occur subsequent to this announcement.
Qualifications:
Qualifying experience may be obtained in the private or public sector. Experience refers to paid and unpaid experience, including volunteer work done through National Service programs (e.g., Peace Corps, AmeriCorps) and other organizations (e.g., professional; philanthropic, religious/spiritual; community; student, social). Volunteer work helps build critical competencies, knowledge, and skills and can provide valuable training and experience that translates directly to paid employment. You will receive credit for all qualifying experience, including volunteer experience. Additional qualifications information can be found here.
To qualify, applicants must have completed at least one year of specialized experience equivalent to at least the CG/GS-12 grade level or above in the Federal service. Specialized experience is defined as performing income tax duties for financial institutions, including (1) the review or preparation of income tax returns and claims for refund; (2) represent taxpayers with income tax audits or represent a government tax agency in connection with income tax audits; (3) conducting income tax research; and (4) applying income tax law.
Applicants must have met the qualification requirements (including selective placement factors – if any) for this position within 30 calendar days of the closing date of this announcement.
Applicants eligible for ICTAP (Interagency Career Transition Assistance Program) must achieve a score of 85 “well qualified” for this position. For more information, Click Here.
Responsibilities:
- Serves as a specialist responsible for planning, examining, operating, analyzing, organizing and implementing all domestic and international tax compliance duties of assigned failed banks placed in an FDIC receivership;
- Ensures compliance with domestic and international requirements regarding various payroll tax and informational tax returns; confirms all tax-filing requirements for the failed institution are met by statutory deadlines. Identifies, contacts and develops external relationships with governmental agencies, civic associations, trade associations, small business organizations, and other stakeholder relationships;
- Requests administrative rulings from taxing authorities and federal and state regulators that benefit failed bank receiverships; conducts research and consults with outside tax professionals to resolve technical tax issues;
- Represents DRR at bank closings to ensure the bank’s domestic and international tax compliance continues efficiently post-failure; and reviews closed institution transactions to determine applicable tax ramifications;
- Accumulates, analyzes, and processes financial accounting data in order to prepare tax returns, estimated tax payments, forecasts and financial accounting estimates of tax;
- Prepares and files federal, state and local tax returns for corporations dealing with partnership and individual tax issues as well as the ability to navigate international tax compliance obligations;
- Analyzes failed bank’s tax situation and recommends best strategies to incorporate for maximizing the recovery of tax refunds. Ensures Internal Revenue Service (IRS) and state audits are timely and efficient; and takes audit issues to Appeals when appropriate;
- Provides technical documentation, attends mediations and settlement conferences, and acts as an expert witness at trials and depositions to support the FDIC Legal division during tax litigation;
- Provides tax-consulting services to FDIC personnel, failed bank stakeholders, and outside CPA firms;
- Presents written and oral presentations on tax matters to a variety of audiences within and outside of the FDIC.
