Tax & Regulatory Compliance Specialist

The Tax & Regulatory Compliance Specialist plays a pivotal role in ensuring the organization's adherence to tax laws, regulations, and reporting requirements. Working within the accounting department, this position requires meticulous attention to detail, strong analytical skills, and a comprehensive understanding of tax codes and compliance standards. The specialist collaborates closely with internal teams, external auditors, and regulatory authorities to maintain accurate financial records and mitigate tax-related risks.

• Tax Compliance:
• Prepare and file accurate and timely tax returns, including income tax, sales tax, property tax, and other relevant filings.
• Stay abreast of changes in tax laws and regulations, ensuring the organization's compliance and identifying potential tax-saving opportunities.
• Assist in tax planning activities to optimize the organization's tax position and minimize tax liabilities.
• Regulatory Reporting:
• Prepare and submit regulatory reports to governmental agencies, ensuring compliance with all statutory requirements.
• Maintain documentation and records to support regulatory filings and respond to inquiries or audits from regulatory authorities.
• Financial Analysis:
• Analyze financial data and transactions to ensure compliance with tax laws and regulations.
• Identify areas of potential tax exposure or risk and recommend appropriate remedial actions.
• Internal Controls:
• Develop and implement internal controls related to tax compliance processes to safeguard financial assets and ensure accuracy.
• Conduct periodic reviews and audits to assess the effectiveness of internal controls and identify opportunities for improvement.
• Cross-Functional Collaboration:
• Collaborate with other departments, including finance, legal, and operations, to gather necessary information and support tax-related initiatives.
• Serve as a subject matter expert on tax matters, providing guidance and training to internal stakeholders as needed.
• Audits and Investigations:
• Assist in the preparation for and coordination of tax audits and investigations by regulatory authorities or external auditors.
• Compile documentation, respond to inquiries, and facilitate communication with auditors to ensure a smooth audit process.