Compliance Accounting Job Description
Compliance accounting
provides oversight, assistance, review, and guidance, with respect to the ASC 740 income tax accounting rules to specific company facts, including, but not limited to, actual and forecasted calculations for both internal and external reporting of current and deferred income taxes, income tax expense, accrued income taxes, income tax reserves, purchase accounting, tax accounting assertions, documentation, disclosures, and SOX controls.
Compliance Accounting Duties & Responsibilities
To write an effective compliance accounting job description, begin by listing detailed duties, responsibilities and expectations. We have included compliance accounting job description templates that you can modify and use.
Sample responsibilities for this position include:
Qualification / validation studies required to support new / modified or seasonal qualification / validation of cGMP utility systems and facilities
Generating list of prerequisites required prior to initiating commissioning, feasibility, qualification or validation activities
Coordinating activities across multiple departments to support, manpower, sampling, laboratory testing, and tabulation / evaluation of results
Collecting and tabulating laboratory data, reviewing laboratory data for errors and discrepancies, and transcribing results into final reports
Generating, reviewing and approving qualification / validation procedures
Generating final reports, compiling historical data packages, and routing documents for approval
Generating and maintaining a site qualification / validation procedures in order as they apply to the scope of the job
Reviewing and approving interventions and assess product impact / potential product risk as the result of atypical interventions
Reviewing and assessing Change Controls and Deviations associated with or impacting the utility systems or the facility
Research new accounting pronouncements to assess the impact on the company and working with the proper authoritative entity to determine appropriate outcome
Compliance Accounting Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Compliance Accounting
List any licenses or certifications required by the position: CPA, CPP, GPHR, SPHR, SOX, BS, GAAP, CA, ACCA, ERM
Education for Compliance Accounting
Typically a job would require a certain level of education.
Employers hiring for the compliance accounting job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Accounting, Finance, Business, Education, Economics, MBA, Business/Administration, Management, Finance/Accounting, Mathematics
Skills for Compliance Accounting
Desired skills for compliance accounting include:
ASC-740
FIN 48
Accounting for income taxes
Corporate income tax
Areas of U.S. federal corporate income tax
Data analytics and tools
IFRS and UK GAAP
IT general controls and application controls
Job area typically obtained through advanced education combined with experience
Microsoft Office applications
Desired experience for compliance accounting includes:
Provide consultative services to the company for cost and financial accounting and risk services
Lead and plan the form-wide SOX program
Create and conduct business training on new issues and developments
Lead workflow development for Accounting Policy website
Monitor emerging policy issues and lead/participate in discussions with stakeholders and standard setters
Lead Financial Management semiannual residual risk reporting
Compliance Accounting Examples
1
Compliance Accounting Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of compliance accounting. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for compliance accounting
- Coordination and design of Annual Management / Internal SOX Controls testing program
- Point person from Finance for IT / systems project reviews and support to ensure compliance with SOX and other Controls
- Coordination of Annual EY Audit across the overall Finance team
- Quarterly Sub-Certification to support CFO/CEO Sarbanes Oxley confirmation to News Corp
- Develop, initiate, maintain, and revise policies and procedures as the need arises
- Annual Code of Conduct recertification for all DJ Employees
- Quarterly User Acceptance Testing for FSAs (Financially Significant Applications)
- Annual FSA Segregation of Duties documentation refresh and maintenance
- Provide training to employees on compliance related topics, policies, or procedures
- Monitor compliance with and enforce policies to encourage and maintain company compliance
Qualifications for compliance accounting
- Russian and or German language will be bonus
- Coordination of legal entity stewardship matters and liaison for Legal, Tax and Treasury
- Coordination of local audits
- Management of internal policies relating to compliance, including anti-bribery and privacy
- Review of cost plus entity monthly accounts and balance sheet reconciliation
- Senior Auditor level required
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Compliance Accounting Job Description
Job Description Example
Our company is hiring for a compliance accounting. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for compliance accounting
- Must be detail oriented evaluating contracts from a high level perspective
- Responsible for the corporate tax compliance processes in the UK, including identifying tax positions, preparation and review of annual UK corporate tax returns, ensuring the accuracy and completeness of the UK tax returns, timeliness of submission, and accuracy and timeliness of corporate tax payments for the UK entities
- Supporting the Director of Tax Compliance and Accounting for EMEA and the EMEA Head of Tax on managing the relationship with the UK tax authorities, including enquiries into the corporate tax affairs of the entities in the UK, including coordination with Group Finance and external advisors, and managing resolution of tax issues
- Responsible for the corporate tax compliance processes for non-UK specialist entities, including review of annual corporate tax returns, ensuring the accuracy and completeness of the tax returns, timeliness of submission, and accuracy and timeliness of tax payments for the non-UK specialist entities
- Manage the close process to include coordination with corporate accounting, developing the close calendar, analysis and variance reporting
- Oversee the management of accounting systems, property records, general ledger and general accounting services
- Serve as conduit between the business and corporate accounting, audit, and compliance functions
- Responsible for maintaining books for the India entity
- Responsible for preparing, analyzing and reporting financial statements and supporting schedules according to statutory compliance requirements
- Responsible to perform gap analysis and propose solutions to help manage the accounting process & Tax Compliance in India
Qualifications for compliance accounting
- Bachelor’s degree OR Master’s degree, from an accredited institution in Finance, Accounting or Economics is required
- Ten plus (10+) years’ work experience with increasing responsibility in Finance, Accounting and Operations
- This position requires strong cross functional collaboration skills and understanding of business strategies by interacting with the Business Partners so that financial/business advice, counsel and recommendations can be made to meet financial/business objectives
- OneSource, CorpTax or other tax preparation and provision software experience
- Demonstrated career progression and increased responsibility
- Proficiency in oral and written English and Spanish
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Compliance Accounting Job Description
Job Description Example
Our growing company is looking for a compliance accounting. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for compliance accounting
- Assist and facilitate statutory financial and tax audits
- Partner with finance and legal teams to comply with finance requirements
- Preparation of monthly financial reports to internal management and the U.S. finance team, ensuring a high level of accuracy within agreed deadlines
- Provides oversight for all procurement contracts and purchase orders related to India from a finance perspective
- Report and manage payments between company, vendors and service providers
- Assist in India entity banking matters, maintain banking relations and perform reconciliations as required
- Analyze revenues, commissions and expenses and ensure they are recorded appropriately
- Responsible for documentation and monitoring of internal controls
- Develop solutions to new financial challenges by applying financial expertise
- Keeping abreast of changes in financial regulations and legislation and ensure compliance
Qualifications for compliance accounting
- Provides tax support for acquisitions and divestitures, if any, including due diligence, the integration of acquired entities
- Advanced knowledge and application of Generally Accepted Accounting Principles
- Responsible for other finance related matters based on business requirements
- MCOM or MBA-Finance & CA/CA-Final – Finance
- 5 - 7 years of overall Domestic Finance experience
- Strong understanding and experience of accounting theory & application
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Compliance Accounting Job Description
Job Description Example
Our company is growing rapidly and is looking for a compliance accounting. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for compliance accounting
- Keeps abreast of regulatory updates through reading, classes, seminars
- Identifies and communicates compliance deficiencies and potential problems to management and staff
- Offers innovative solutions
- Identifies areas for improvement and offer viable solutions
- Manage annual internal and external audits of NAFSC processes
- Coordinate SSC SOX Control Narrative maintenance activities and completion of the SOX DSA
- Review changing business requirements and processes, assuring ongoing compliance
- Prepare quantitative models using PMI’s internal financial reporting system and tax software to project the US income tax provision and accounting treatment of foreign currency transactions
- Assist with the income tax disclosures included in PMI's quarterly and annual SEC filings
- Assist with the US tax compliance cycle using CorpTax
Qualifications for compliance accounting
- Ability to interface with all levels of management with external auditors
- Strong ability to simplify complex matters and communicate in a clear and concise manner to senior financial leadership
- Strong ability to write and document detailed accounting positions
- Strong ability to defend accounting positions with the auditors
- Extensive experience with PCAOB Auditing Standards and Sarbanes-Oxley
- Understanding of SEC reporting requirements
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Compliance Accounting Job Description
Job Description Example
Our growing company is hiring for a compliance accounting. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for compliance accounting
- Operational Due Diligence.Working closely with the MD – Investment Ops & RM, conduct operational due diligence on the trustee/custodian and current and prospective investment managers and vendors
- Deal with all accounting issues for multinational firms in various sectors
- Be in charge of preparing tax returns and tax provisions for corporate and/or individual clients
- Monitor, advise and keep our local Luxembourgish clients’ accounting up to date
- Work directly with clients’ teams on general accounting and financial reporting missions
- Manage the closing process (monthly, quarterly and annually) related to various Broker management system(s), GL system(s) and any
- Assist with the development, maintenance and communication of the company’s accounting policies
- Develop physical and online training materials and other tools
- Conduct accounting and finance training sessions
- Support the implementation of new U.S. GAAP accounting standards (e.g., Revenue Recognition, Leasing)
Qualifications for compliance accounting
- Proficiency in all programs within Microsoft Office
- Familiarity with FIS system and reports is highly desirable
- Bachelor Degree (Finance or Accounting) with minimum 5 year experience in accounting/auditing industry and at least 3 year working experience in Supervisor level position
- CPA Vietnam certificate or accounting experience in retail industry is preferably
- Proficiency in Vietnamese Accounting, Tax, customs system & international Accounting Standards
- Proficiency in M.S Office, Excel, Access