US Tax Accounting Specialist
- Vaco Binary Semantics
- 3 - 8 years
- Hyderabad
- 8 months ago
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Job Description
Location: Madhapur, Hyderabad
Shift: 4pm to 01 am IST or 8pm to 5am IST (15 days rotational)
Job Overview:
We are seeking a meticulous and driven Tax Accounting Specialist with 3-8 years of experience in corporate tax accounting. The ideal candidate will have a working knowledge of U.S. federal, state, and city tax filings and demonstrate expertise in tax reconciliations, audits, and reporting.
Key Responsibilities:
- Collaborate with global stakeholders to process, record, and analyze tax-related accounting entries (accruals, amortization, allocation, reclassifications).
- Prepare balance sheet reconciliations for tax-related accounts, ensuring resolution of aged open items and supporting documentation.
- Participate in monthly, quarterly, and annual tax closing activities.
- Create and manage workpapers for tax filings, including:
- Federal Forms 990 and 990T UBI (Trial Balance, Balance Sheet, Income Statement, and various schedules).
- State Sales and Use Tax returns for states like CA, WA, MT, NM, TX.
- WA Business and Occupation Tax returns.
- Partnership Tax (Form 1065) and Excise Tax (Form 720).
- Personal Property Tax (PPT) for multiple counties.
- Extract, modify, and analyze monthly reports for variance and accuracy checks.
- Support audit deliverables and assist in resolving tax-related audit queries.
- Regularly update and maintain SOPs to reflect process changes and ensure compliance.
Required Skills:
- 3 plus years of experience in tax accounting or corporate finance.
- Working knowledge of U.S. and State tax laws and forms (990, 990T, 1065, 720, PPT, etc.).
- Proficiency in reconciliations, variance analysis, and tax return preparation.
- Strong analytical skills with attention to detail and problem-solving mindset.
- Proficiency in Excel; experience with accounting/tax tools is a plus.
Skills & Qualification:
- MBA / M.com in Finance specialization with 3 to 8 years (or) CA / CMA with 3 to 5 years of experience in Tax accounting.
Job Classification
Industry: IT Services & ConsultingFunctional Area / Department: Finance & AccountingRole Category: Finance & Accounting - OtherRole: Finance & Accounting - OtherEmployement Type: ContractContact Details:
Company: Vaco Binary SemanticsLocation(s): Hyderabad
Keyskills: Us Tax Federal Tax US Accounting
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