Job Description

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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.

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Tax Accounting and Compliance (TAC) Team is responsible for Accounting for Income Taxes (AFIT), Federal, State and US International Compliance activities. The candidate is required to perform preparation and review of Book to Tax adjustments, FBAR, reconciliation of Form 1120 working on election and dsclosures. State compliance activities, custom groups, apportionment, SMODs etc.

Responsibilities*

- Booking to Tax adjustment prep and review.

- Calculation of capital gains/losses.

- FBAR calculation.

- State custom groups.

- Apportionment.

- State tax returns.

- Other compliance activities basis requirement.

Requirements*

Education*

B.Com; Chartered Accountant; MBA

Certifications If Any

EA; CPA

Experience Range*

4 to 6 years

Foundational skills*

• Good understanding of Accounts and Tax

Desired skills

• US Tax Accounting and Compliance

Work Timings*

11:30 AM to 08:30 PM

Job Location*

Gurugram; Mumbai