Team Developer Job in Gurgaon at Bank of America

Bank of America is hiring for the role of Team Developer!

Responsibilities of the Candidate:

• Assist in preparation and review of Form 1120, United States Corporate Income Tax Return, filed annually with the Internal Revenue Service
• Assist in preparation and review of corporate income tax returns for all 50 states and cities/municipalities
• Prepare and review federal book to tax adjustments often called “M-1s” that are part of the Form 1120.
• Calculate year-end and quarterly M-1s for provision and forecast calculations
• Prepare United States Forms 5471, 8621, 8858, 8865 with required disclosures and statements
• Calculate Subpart F income adjustments and other deemed foreign inclusions to U.S. taxable income
• Assist with year-end and quarterly income tax provision calculations including analysis of US GAAP (book) tax expense
• Request various legal, financial, and tax information from Bank of America tax planning teams and foreign finance team members
• Assist with year-end and quarterly income tax provision calculations including analysis of US GAAP (book) tax expense
• Ability to use Microsoft Excel, Word, PowerPoint in everyday activities
• Reporting for all legal entity sub consolidations, including legal entity tax expense recorded, variance analysis, deferred reporting.
• Legal entity Tax forecasting basis CCAR and Basel III norms
• Review tax journal entries computed for tax expense and deferred for each legal entity sub consolidation and confirm the tax entries have been recorded properly in the GL which include reviewing the reasonableness of book adjustments, permanent and temporary differences, including performing variance analysis and monitoring forecast .
• Review legal entity sub consolidation tax account analysis on a monthly basis.
• Review and confirm that FIN 48 is properly computed and reported.
• Review and sign off of Annual Tax Expense True-up and variance explanations at legal entity sub consolidation level.
• Preparation of footnote for sub consolidation legal entity Audited Financial Statement filers, regulatory filers and FDICIA reporting

Requirements:

• MBA / B.Com
• Certifications If Any - NA
• US tax experience – direct tax; Corporation, Partnership, E&P calculations
• US State Income Tax return experience
• US GAAP Accounting for Income Taxes experience