Tax Accountant

Location: New York

Our purpose – Opening up a world of opportunity – explains why we exist. Here at HSBC we use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world – for our customers, our people, our investors, our communities and the planet we all  compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the US.

Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.

The Tax Accountant - Corporate Tax will report to the Senior Manager, Corporate Tax. This individual will be responsible for Tax Accounting, Reporting and Compliance related to sub-groups within the US HSBC Consolidated Group, including the preparation of quarterly and annual income tax provision computations and supporting and assisting with IFRS reporting at the Consolidated HSBC level.  This role will also work closely with the Tax Technology Manager to manage the monthly One Source Tax Provision process.  

Work with Tax team members to maintain proper documentation and ensure compliance with all internal and SOX controls for Tax Accounting and compliance, and EUC inventory.  This individual will also support enhancements of the provision process using technology upgrades consistent with HSBC Group priorities. This role will also support the state tax manager in tracking federal, state and local tax payments and uncertain tax positions.

As our Tax Accountant, you will:

Prepare/review supporting work papers for the monthly, quarterly and annual tax provision including book-tax differences and tax footnote disclosures

Manage the collection, review and submission of external financial auditor tax information requests for both quarterly and annual reporting purposes

Manage engagement and assist Senior Management with process improvement projects and looking for opportunities to add efficiencies to the process

Coordinate deferred tax validation support for consolidated group with outside consultants and review Tax return output

Partner with Tax team members and external financial auditors to track and ensure adequate documentation for internal and external SOX reporting purposes

Monitor emerging issues in U.S. GAAP accounting and quantify the financial statement impact

Identify and implement opportunities for process improvement within the Tax provision process and forecasting process, especially with respect to utilization of technology

Provide support and written responses for IRS Audit queries for assigned business units and assist with State Audit queries as needed and coordinate Tax Intercompany settlement in accordance with our Tax Sharing agreement

You'll likely have the following qualifications to succeed in this role:

Bachelor's degree or equivalent in Finance, Accounting, or related discipline

Experience at accounting firm or financial industry tax department

Knowledge of U.S. GAAP accounting principles and ASC 740, recent experience with Tax Accounting and/or SOX internal controls

Experience with One Source Tax Provision software a plus and CPA is preferred

Proficiency in Microsoft applications (Word, Excel, PowerPoint) and advanced Excel skills are plus Proficiency in common applications (Qlik, Alteryx, Tableau.) and knowledge of transfer pricing concepts are plus Strong interpersonal skills with the ability to team effectively with different business cultures

Strong oral, written, presentation, and organizational and project management skills

Strong analytical and problem-solving skills

As an HSBC employee, you will have…