Direct Tax Controller - Position -
Job Summary :
Director Tax Controller leads and oversees all tax, (excluding indirect and payroll) compliance, tax accounting, forecasting and tax function activities, required to meet the Company's internal and external tax obligations in US and non-US jurisdictions.
The Direct Tax Controller is a key member of tax team, who collaborates with the Client’s tax department and EY country teams for completing end-to-end activities relating to tax and tax accounting.
Job Responsibilities :
Develop brief understanding of day-to-day activities and transactions related to tax and tax accounting matters and make sure they are properly addressed.
Global direct tax compliance Manage and assist in preparation of income tax returns and workpapers for foreign jurisdictional income taxes with internal teams or with EY country teams.
Income Tax Provision Prepare, review and manage quarterly and annual tax provision for US GAAP purposes. Work with EY country teams for sign-off and delivery to client.
Statutory Tax Provision Manage and assist in preparation of annual statutory tax provision as per local GAAP with EY country teams.
Assist in data compilation and workpaper preparation, where needed.
Forecasting Prepare, review and manage cash taxes forecast by jurisdictions and report to client monthly or quarterly basis.
Consult with EY country teams, where necessary.
Tax Payments Prepare and review estimated and extension tax payments and manage tax payment process. Work with EY country team, where necessary.
Tax account reconciliation Prepare and review balance sheet tax account reconciliation, collect supporting documents and work with client on reconciling items.
Prepare and book rectification journal entries, where needed.
Other Tax functions Prepare and review journal entry package, return to provision entries, etc., and submit them for client’s approval
Bachelor’s / Master’s degree in accounting / MBA Finance
IRS Enrolled Agent or Certified Public Accountant required for the Manager position.
Seven or more years of experience in US and / or Non-US direct tax compliance , good knowledge and experience in income tax accounting (ASC 740 and FIN48), including a mixture of Big 4 and industry experience.
Strong accounting skills with interest to learn US and Non-US direct tax compliance.
Experience in handling large clients or project management
Experience with SOX Compliance within the tax department a strong plus
Strong communication skills, including the ability to negotiate and build client relationship, independently handle reporting and capability to contribute in client meetings and discussions
Strong computer skills including an intermediate knowledge of Excel, Word and PowerPoint
To sum up, the Direct Tax Controller role provides an unique opportunity for tax professionals to pursue their career in leading, working and managing end-to-end process of tax lifecycle for large global corporate clients, which helps them to shape their career to be all round tax professional.