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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.
- 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:
- 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.
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