Transaction Tax Job Description
Transaction tax
provides technical support to the platforms for various tax research questions that arise for all taxes including income tax, payroll taxes, and state and local taxes.
Transaction Tax Duties & Responsibilities
To write an effective transaction tax job description, begin by listing detailed duties, responsibilities and expectations. We have included transaction tax job description templates that you can modify and use.
Sample responsibilities for this position include:
Leverages technical knowledge and experience to provide effective project management and practice development
5+ years experience with multi-state sales/use tax or personal property tax
Knowledge and experience in multistate sales or personal property tax laws
Able or work efficiently to meet tight deadlines
Most decisions are based on prescribed and dictated guidelines
Understands and accommodates established process and project timing
Review purchase price adjustments (working capital, earn outs)
Advise on the right level of documentation and tax rates to be applied per counterparty status
Preparation of annual tax returns and audit files
Ensure all client (internal and external) queries are dealt with in a timely and effective manner
Transaction Tax Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Transaction Tax
List any licenses or certifications required by the position: CPA, JD, LLM, MS, CMI, CA
Education for Transaction Tax
Typically a job would require a certain level of education.
Employers hiring for the transaction tax 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, Graduate, Business, Taxation, MBA, Law, Economics, Management, Education
Skills for Transaction Tax
Desired skills for transaction tax include:
Accounting and financial reporting
Income
Non-income tax concepts
Broad range of business tax matters in various industries
Microsoft Office
Property and ad valorem taxes
State and foreign tax regimes
Payroll
Mergers and acquisitions and transaction services
State and Local Taxes
Desired experience for transaction tax includes:
Manage the Tax Process for all businesses supported by Operational Tax
Manage Client/Firm Tax Reclaim, Tax claims, Relief at Source and Certification process service
Ensure continuous maintenance of Tax data on back office systems
Produce Tax MIS and maintain full audit trails
Perform MIS and provide feedback to the management team of any breaches to benchmarks
Review the processes undertaken within the team and redevelop and redesign where cost savings/efficiencies can be made
Transaction Tax Examples
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Transaction Tax Job Description
Job Description Example
Our innovative and growing company is hiring for a transaction tax. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for transaction tax
- Indirect taxes advisory experience in Financial Services in EMEA
- Excellent communication skills and service ethic
- Ability to respond to internal and external requests / enquiries in a timely and professional manner
- Be able to demonstrate an understanding of key transaction tax principles
- Ability to balance multiple assignments and successfully manage work plans in an autonomous environment
- Actively take responsibility and ownership for issues impacting own tasks
- Ability to support other Division members when situations arise to ensure the Taxation Division's requirements and goals are met
- Lead in developing recommendations and implementation plans, , make informed decisions in complex and judgmental areas
- Design, implement, and manage workflow implementation
- Design, maintain, and customize API’s as required
Qualifications for transaction tax
- Experience with accounting related processes
- Ability to work equally well independently or while interfacing with a team
- Comfortable in accurately managing deadlines
- Previous exposure to PeopleSoft or SAP is beneficial
- Proficient in MS Excel, Access, Word, PowerPoint and Sharepoint
- Familiarity with the data requirements needed for the preparation and filing of tax returns and audits
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Transaction Tax Job Description
Job Description Example
Our company is growing rapidly and is looking for a transaction tax. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for transaction tax
- Develop custom workflow solutions using Visual Basic and Dot Net languages
- Help prepare documentation of processes
- Coordinate with state and local and international tax team members, financial and operational due diligence team members, to deliver highest quality integrated work product
- Coordinate with federal and international tax team members, financial and operational due diligence team members, to timely deliver highest quality integrated work product
- Provide research to assist with the preparation and review federal and state tax returns for partnerships, C corporations, S corporations and individuals
- Develop transaction advisory knowledge and provide related research to assist with our Transaction Advisory Services professionals
- Provide tax research to assist with IRS audits, tax notice response, trust returns, gift and estate returns
- Providing subject matter expertise to various business and IT organizations to include Business Development, Marketing, Legal, Customer Service, Operations and various product groups
- Providing end-to-end tax calculation requirements for projects and business initiatives
- Involvement in general indirect tax issues such as research related to tax calculation and compliance, tax collection responsibilities, and other advanced e-commerce topics
Qualifications for transaction tax
- Knowledge of the exemption process in transaction taxes including exempt customers and resellers
- Knowledge on the differences between gross receipts taxes and sales and use taxes
- Ability to identify and quantify audit issues and calculate reserve needs based on those issues
- Familiarity with Federal, State, and local tax laws, tax accounting and/or regulatory accounting
- Knowledge of tax billing, billing systems data repositories and various general ledgers
- Intermediate- to advanced-level expertise in SQL & MS Access
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Transaction Tax Job Description
Job Description Example
Our innovative and growing company is hiring for a transaction tax. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for transaction tax
- 1-3 years in tax or accounting with a minimum of two years’ transaction tax experience
- Meets deadlines consistently and deals effectively with auditors
- Collaborative with strong oral communication and presentation skills
- Technical writing ability for drafting tax memoranda, responses to audits and notices, and file documentation
- Proactive with the ability to develop strong working relationships and maintain high ethical standards
- Able to understand and accurately interpret tax laws, rules and regulations
- Serve as the primary liaison for transaction tax matters between the State and Local Tax team and various business partners
- Full ownership of the Tax and Regulatory data required by Treasury Prism – from the initial structuring to the ongoing maintenance and periodic refresh and improvement
- Assist in the commercialisation of the Treasury Prism platform
- Support sales enablement and lead generation efforts for more complex solutions requiring an advisory-led positioning and the application of Tax and Regulatory lenses
Qualifications for transaction tax
- Intermediate knowledge in HTML & Java scripting
- Basic knowledge in Visual Basic & Dot Net languages
- 5+ years’ experience with tax escrow/escrow analysis preferred
- Ability to articulate complex information when providing crucial negotiation insights
- Ability and willingness to travel, when necessary
- BBA, with Major in Accounting preferred
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Transaction Tax Job Description
Job Description Example
Our growing company is looking to fill the role of transaction tax. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for transaction tax
- Develop and expand internal cross-functional networks and originate strategies to accelerate and deepen the level of client engagement using a consultative selling approach
- Integrate, assist and advise relevant aspects of tax and regulatory content for award pitches and presentations
- Perform new product taxability analysis and systems mapping
- Perform and/or manage multistate and international tax nexus analysis
- Support contract reviews for transaction tax implications
- Manage all indirect tax audits, with assistance of indirect tax return preparer as appropriate
- Formulate and deliver creative tax planning and tax savings strategies
- Develop and mentor transaction tax direct report and other professionals
- Be autonomous and support you to use your initiative
- Grow your career – opening up broader opportunities in a global company
Qualifications for transaction tax
- 1 - 3 years of professional tax experience, preferably in tax compliance or mergers and acquisitions
- Proficient in Microsoft excel preferred
- Strong sense of personal motivation the ability to work with a team
- Ten (10) or more years of relevant experience, with no less than three (3) years of TAS relevant experience required
- LLM certification required
- Experience maintaining and operating transaction tax calculation and compliance software
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Transaction Tax Job Description
Job Description Example
Our innovative and growing company is looking for a transaction tax. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for transaction tax
- Assist the business in dealing with complex sales, use and VAT tax issues
- Lead efforts to ensure that tax reporting, financial systems, procedures, controls and policies are appropriate and functioning so that timely, accurate and reliable information is produced
- Understand and advise the business how to incorporate regulatory tax changes into the Merchant Services operating and systems environment
- Liaise with business engineering in the design and implementation of information systems that will support tax compliance efforts
- Respond to tax compliance inquiries throughout the year
- Work across the business to establish controls to improve tax compliance
- Research taxability of products and services and maintenance of taxability profiles within systems and conduct annual taxability review of products and services
- Work with Corporate Tax, Legal and Government Affairs on tax issues relevant to the business
- Recommend and assist in the development of new/enhanced tax reporting systems, policies, procedures and controls to meet changing circumstances and existing inefficiencies
- Review customer, partner and vendor contracts and make tax related recommendations and comments
Qualifications for transaction tax
- A Bachelor’s or Master’s degree in accounting, MST or JD/LLM
- Public accounting experience, CPA license a plus
- Excellent interpersonal and client relationships skills
- Bachelors degree in Accounting, Finance or Business or higher
- 10 or more years of experience in consultancy or banking, preferably in the legal and tax services industries
- Strong understanding of the international corporate treasury and cash management domains