Job Description
Job Description:
Overview (Bank overview, GBS India overview, Function Overview)
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.
We are committed to attracting and retaining top talent across the globe to ensure our continued success. Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals.
We are a part of the Global Business Services which delivers technology and operations capabilities to all Bank of America lines of business (LOB) and enterprise functions.
Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us. Every day, we are focused on delivering value, convenience, expertise and innovation for individuals, businesses and institutional investors we serve worldwide.
• BA Continuum is a nonbank subsidiary of Bank of America, part of Global Business Services in the bank.
Process Overview
Tax Accounting and Compliance (TAC) Team is responsible for coordinating the legal entity forecasts with the Finance counterparts and reviewing the forecasted legal entity effective tax rate (LE ETR) for the respective legal entity sub consolidation rollup point(s) assigned. In addition, they work with the same Finance teams to provide the tax information for legal entity financial reporting requirements. They are also responsible for compiling the AFIT reporting package, consolidated review of State Analytic and NUSInS. Team is involved in the preparation and review of Form 1120 Federal consolidated activities, State tax return compliance activities and their filing at various jurisdictions. US International compliance activities and filing of Form 5471, 8865, 8858 etc.
Job Description
Tax Accounting and Compliance (TAC) Team is responsible for Accounting for Income Taxes (AFIT), Federal, State and US International Compliance activities. The candidate should have through E2E knowledge of in-house tax department and its functionalities. Good communication skills along with presentation. Should be able to get into preparation of critical tasks assigned on adhoc basis. Able to provide genuine feedback to preparers along with review comments.
Responsibilities
• Preparation of complex Fed and State tax activities.
• Training junior team members.
• Analyzing activities assigned for process enhancements.
• Other tax accounting activities basis requirement.
• Keeping abreast with changes in tax laws.
• Open to involve self as per process requirement.
• Going through consolidated tracker to understand assignments and plan accordingly.
Overview (Bank overview, GBS India overview, Function Overview)
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.
We are committed to attracting and retaining top talent across the globe to ensure our continued success. Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals.
We are a part of the Global Business Services which delivers technology and operations capabilities to all Bank of America lines of business (LOB) and enterprise functions.
Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us. Every day, we are focused on delivering value, convenience, expertise and innovation for individuals, businesses and institutional investors we serve worldwide.
• BA Continuum is a nonbank subsidiary of Bank of America, part of Global Business Services in the bank.
Process Overview
Tax Accounting and Compliance (TAC) Team is responsible for coordinating the legal entity forecasts with the Finance counterparts and reviewing the forecasted legal entity effective tax rate (LE ETR) for the respective legal entity sub consolidation rollup point(s) assigned. In addition, they work with the same Finance teams to provide the tax information for legal entity financial reporting requirements. They are also responsible for compiling the AFIT reporting package, consolidated review of State Analytic and NUSInS. Team is involved in the preparation and review of Form 1120 Federal consolidated activities, State tax return compliance activities and their filing at various jurisdictions. US International compliance activities and filing of Form 5471, 8865, 8858 etc.
Job Description
Tax Accounting and Compliance (TAC) Team is responsible for Accounting for Income Taxes (AFIT), Federal, State and US International Compliance activities. The candidate should have through E2E knowledge of in-house tax department and its functionalities. Good communication skills along with presentation. Should be able to get into preparation of critical tasks assigned on adhoc basis. Able to provide genuine feedback to preparers along with review comments.
Responsibilities
• Preparation of complex Fed and State tax activities.
• Training junior team members.
• Analyzing activities assigned for process enhancements.
• Other tax accounting activities basis requirement.
• Keeping abreast with changes in tax laws.
• Open to involve self as per process requirement.
• Going through consolidated tracker to understand assignments and plan accordingly.
💡 Quick Summary
Seeking a career-building opportunity? The Senior Manager position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai, Maharashtra offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
