Accounting AVP

SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan.

SMFG's shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.

In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization's extensive global network.

The Group's operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.

The anticipated salary range for this role is between $ and $. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award.

In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

Role Description

The AVP within Accounting is responsible for managing all facets of the companies tax obligations, working with 3rd party preparers. The AVP will ensure that the tax related general ledger entries are correct and entered in a timely manner. When necessary, the AVP will also assist in Accounting operations. This role reports to SVP Accounting.

Role Objectives:
Expertise

The job responsibilities are described herein:

• Manage relationship with 3rd party tax providers, responding to requests for data in order to meet various government imposed due dates.
• Coordinate the tax responsibilities with the Accounting SVP to meet regulatory requirements.
• Provide sales tax guidance to other departments as necessary in the course of getting a new loan or lease ready for funding.
• Review, approve and maintain sales tax exemptions for new contracts.
• Provide monthly sales tax data to the 3rd party provider, ensuring that all tax liabilities are submitted for payment.
• Record payment of sales tax to the accounting system each month.
• Monitor and maintain a list of contract equipment that would be subject to property tax. Provide the list to the 3rd party preparer as requested.
• Ensure that all paid property tax is invoiced back to the customer for collection.
• Prepare annual tax data requested by the 3rd party preparer for the calculation of income tax.
• Ensure that all tax payments, extension payments, and other income tax related payments are made in a timely manner and recorded in the accounting system.
• Calculate the annual deferred tax and income tax expense true up along with the SVP of Accounting.
• Reconcile the tax accounts on the balance sheet to ensure accuracy and completeness of accounting records.
• Any other tax related assignments, along with accounting operations such as AP and AR.

Qualifications and Skills

• Strong verbal and written communication skills.
• Ability to collaborate with cross-functional teams and contribute to decision-making.
• Ability to multitask and work under pressure and time constraint.
• Must have intermediate skills with excel to handle multiple manual processes, using formula like vlookup, sumif and pivot tables.
• Knowledgeable of lease management systems (Aspire, Sungard Ambit Asset Finance, or similar application systems).
• Knowledge of USGAAP, financial regulations, and compliance standards.
• Strong background in financial reporting and accounting controls in a small to mid-sized organization.
• Experience in tax reporting, in the sales, property and income tax areas.
• Able to properly report tax results on financial statements.
• 2-6 years of specialized experience in Financial Services.
• 2-6 years of experience in an accounting or finance role with a focus on tax compliance. Experience with sales tax, property tax, and income tax reporting.
• BA / BS (or equivalent experience) - preferred Accounting or Finance.
• MS Office (Word, Excel, Power point), Lease application (Aspire, Sungard Ambit Asset Finance, or similar application systems), Tvalue (or any other lease calculation application).

Additional Requirements

SMBC's employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a…