Tax Analyst
Wells Fargo · Hyderabad · onsite · Posted 71d ago
Undisclosed7–12 yrsfulltimeSourced from
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About this role
Job Summary
Wells Fargo is seeking a Tax Analyst
Responsibilities - Perform moderately complex to complex tax accounting activities related to the preparation of federal, state and local income tax returns or the financial statement accounting for income taxes
- Prepare comprehensive tax work papers, perform account analysis, and prepare responses to audit requests
- Research memos or correspondence and embody and model compliance and risk management requirements for supported area
- Exercise proficiency in accounting and multi-jurisdictional income tax laws, rules and regulations
- Develop knowledge of federal and state income tax laws, rulings, regulations and judicial decisions
- Perform basic income tax research
- Maintain records related to income tax returns and reports
- Work with moderate to minimal supervision
- Provide functional advice to less experienced staff
- Consult on income tax related matters with lines of business and other control functions
- Develop relationships with assigned business units related to the collection and analysis of information important to income tax accounting or compliance
- Work with business partners to collect internal financial or tax data, perform data analysis, test for accuracy, identify and resolve data problems
- Participate in projects
- Communicate and provide consultation regularly with mid-level stakeholders companywide
- 2+ years of Corporate Tax, Finance, Accounting, Analytics, Reporting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- Qualified Chartered Accountant with post qualification experience of 2+ years of working on VAT/GST accounting and other tax reporting requirements preferably in a financial services organisation.
- Knowledge of and experience in indirect tax concepts and tax accounting treatment.
- Advanced Microsoft Office skills (specifically Excel) and ability to manipulate and review large data sets.
- Experience with and working knowledge of AI concepts (CoPilot and Tachyon)
- Attention to detail and accuracy.
- Strong communication skills and not afraid to ask questions.
- Good time management and organizational skills.
- Self-motivated/proactive approach, with the ability to work independently within a team structure.
- Innovative mindset, with a track record of process enhancement (enhancing efficiency, control, transparency).
- Strong analytical and problem-solving skills
- Knowledge of tools such as Power BI, Alteryx and similar considered an advantage
- Collation of relevant data to assist in preparation of indirect tax returns (including running GL queries).
- Preparation of indirect tax compliance obligations for entities across multiple jurisdictions.
- Tracking and maintenance of indirect taxes reporting data and records.
- Perform period-end tax accounting functions such as creating journal entries, monitoring tax accounts positions, performing tax account reconciliations, substantiation of GL balances, initiating payment/refund processes etc.
- Perform indirect tax control tasks including analytical reviews, transaction analysis, variance analysis, tax balance review, input tax analysis and output tax analysis.
- Assist in updating indirect tax compliance processes.
- Assist Indirect Tax team in collating data and preparing responses to tax assessments/queries/audits raised by Tax Authorities or internal stakeholders (e.g. internal audit).
- Communicating and working closely with other functional groups including Controllers, Operations and with the business units to collect and process relevant indirect tax information.
- Raise journals/perform established control tasks to evidence integrity of GST / VAT returns and GL postings.
- Assist in Identification of control weaknesses, propose and implement remediation of control deficiencies
Sourced from naukri
Skills
Financial CrimesauditscopilotFinancial statementalteryxaccountantGLAnalyticsCorporate TaxCommunication SkillsFinancial ServicesChartered AccountantAccountingdata analysiscomplianceCustomer RelationshipsfinanceArtificial Intelligence
About Wells Fargo
Wells Fargo
Financial Services
20k+
employees
1852
174 years old
Bengaluru/Bangalore, Karnataka
India
About
Wells Fargo works to create positive social impact in the communities it serves by supporting housing affordability, small business growth, financial health, and a low-carbon economy.
Industries
Financial Services
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