Tax Reporting Executive recruitment
Tax Reporting Executive
The Macquarie US group activities includes broker/dealer, commodities and energy, capital markets, mortgages, funds management and infrastructure investments, and leasing businesses.
Macquarie's US Tax Reporting Team comprises 9 staff, responsible for tax compliance and accounting. The team works closely with the Tax Legal team, Finance teams and Business teams.
The team manages:
- the US tax accounting control framework, which includes recording and reconciling tax entries in the General Ledger; and
- the US income tax compliance process, which includes federal (250) and state and local requirements (2,500) for over 200 legal entities across multiple consolidated groups.
This role will primarily focus on entities in the funds management and mortgages businesses, although there will be involvement in other business areas as required.
Key Responsibilities:
Tax Return Compliance
- Supervise the preparation of corporate federal and state income and franchise tax returns (annual, quarterly, extensions) prepared by the support team in India
- Prepare complex entity corporate income and franchise tax returns (annual, quarterly, extensions)
- Prepare quarterly US tax installment calculations
- Monitor and track upcoming tax compliance obligations on tax calendar system
- Assist in the administration and ongoing refinement to tax compliance software (Thompson Onesource)
- Liaise with the Tax Legal team on, and supervise the preparation of, returns dealing with international transactions - Forms 1120 F (US income tax return of foreign corporation), 5471 (Non-US subsidiary, eg, CFC return), 5472 (Informational return for Non-US affiliates inbound and outbound payments) and 1042 (Withholding tax return)
- Perform research on tax technical issues, such as combined/consolidated filing positions, reporting federal changes
- Assist with federal and state audits
- Respond to correspondence and notices from states and cities
Tax Accounting
- Review monthly income tax provision calculations and postings for assigned US entities prepared by the support team in India.
- Review monthly reconciliations of tax related general ledger accounts prepared by the support team in India.
- Assist in the preparation of US tax forecasts
- Assist in addressing requests from Sydney head office, including (but not limited to) the preparation of quarterly US tax balance sheet sign-off; foreign currency hedging analysis for tax balance sheet positions; forecasting and net operating loss analysis; reporting deliverables for consolidated group reporting; and providing responses for Australian Tax Office audit requests.
Macquarie is an equal opportunity employer (M/F/D/V).