What are the responsibilities and job description for the Tax Accountant position at Community Bank, N.A.?
Overview:
Physical Requirements:
At Community Bank System, Inc. (CBSI), we are dedicated to providing our customers with friendly, personalized, high-quality financial services and products. Our retail division, Community Bank, N.A., operates more than 230 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont and Western Massachusetts. Beyond retail banking, we also offer wealth management, investment management, insurance and risk management, and benefit plan administration.
Just as our employees are committed to helping our customers manage their finances, we’re committed to our employees. After all, they make it happen for our customers every day.
To ensure our people can enjoy long and successful careers here at CBSI, we offer competitive compensation, good benefits, and professional development and advancement opportunities. As an equal-opportunity workplace and affirmative-action employer, we celebrate and support a diverse workplace for the benefit of all: our employees, customers and communities.
Responsibilities:
This position is responsible for preparing analyses that support the tax amounts recorded in the general ledger and supports the estimated tax payments. It also includes assisting in the preparation of all state and corporate tax returns. Other responsibilities include general ledger entries and reconciliations. This position is also responsible for maintenance of records related to both state and federal tax credits.
- Assist in the maintenance of tax spreadsheets used to calculate the monthly income tax provision and ASC 740 liability amount and support the accounting entries associated with income taxes, to determine the amount of estimated tax payments and to provide support for the tax returns.
- Make necessary general ledger entries and reconcile related tax accounts.
- Prepare tax provision in OneSource provision software including reconciling to tax spreadsheets for an interim period.
- Assist in the preparation of the Federal consolidated tax return for Community Bank System, Inc.
- Prepare stand-alone State tax returns for CBSI subsidiaries as deemed necessary by Management.
- Assist in the review of tax returns and workpaper support prepared by external auditors for accuracy and completeness.
- Prepare and pay estimated tax payments and prepare tickets between subsidiaries for payments.
- Assist in providing to public accounting firm documentation consistent with public accounting industry standards to review tax accruals and returns on a timely basis.
- Prepare monthly financial reports for the REIT, perform quarterly asset test and annual income test and prepare monthly general ledger entries.
- Prepare monthly general ledger/subsidiary ledger reconciliations for specific balance sheet accounts.
- Prepare and record the monthly Federal and State accrued income tax entries.
- Assist in the preparation of the CBSI Tax Memo on a quarterly basis.
- Administer intra-company tax transfer payments as per CBSI tax sharing agreement.
- Maintain proficient knowledge of, and demonstrate ongoing compliance with all laws and regulations applicable to this position, ensure ongoing adherence to pertinent policies, procedures, and internal controls, and meet all job-specific training requirements in a timely fashion
- As an integral member of the Accounting Department, this position is also responsible to provide assistance wherever necessary to help the department and the bank in achieving their annual goals.
- B. S. in Accounting or Taxation; Financial Institution accounting experience a plus
- Must be proficient in Excel, Word and corporation tax return preparation software and have experience using several application based systems.
- Must have strong interpersonal relationship and communication skills.
- Must have the ability to manage multiple duties and have strong time management skills.
- Minimum of two (2) years in a professional level accounting position with strong corporation tax return preparation experience and accounting for income taxes.
Compensation: Commensurate with experience plus annual bonus. In addition to your competitive salary, you will be rewarded benefits including: 11 paid holidays, paid vacation, Medical, Vision & Dental insurance, 401K with generous match, Pension, Tuition Reimbursement, Banking discounts and the list goes on!
To apply to this position or to see a full listing of current openings please go to: https://cbna.com/careers/work-happy
Physical Requirements:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee may be required to stand, walk or sit. Use hands and fingers, handle or feel, reach with hands or arms, and speak and hear. The employee may occasionally be required to lift and or move up to 25 pounds. Specific vision abilities required by this job include close vision, and the ability to focus.
An Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.
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