Tax Accounting Director

 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 Rail Services LLC, Manufacturers Bank, 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 $165,000.00 and $215,000.00. 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

SMBC is seeking a Director of Tax Accounting to work within Controllers department at Jersey City location.  This position will support Americas Division and will be responsible for working with tax department as a controllers’ liaison in reviewing monthly and quarterly tax provisions, book to return differences and deferred tax assets/liabilities calculations of all the entities within the Americas Division.  

Role Objectives

• Partner with tax department and other business areas to address the tax implications for new products and transactions
• Work with the tax department, review interpretations of relevant tax laws, regulations and rulings to determine proper tax treatment of issues (Federal & State)
• Review monthly and quarterly income tax provisions, deferred tax calculations etc. prepared by the tax department
• Review State & Federal tax withholding payments
• Review completeness and accuracy of tax accounts as part of the month end closing of books
• Prepare and review income tax related disclosures in the financial statements of all the entities within the Division
• Communicate with the subsidiaries for any accounting and reporting issues
• Deal with internal or external auditors' requests
• Support development and implementation of effective internal control and reporting procedures to improve operational performance and minimize the financial reporting risks
• Manage and support various projects related to general ledger and control enhancement across the controllers’ team

Qualifications and Skills

• 10+ years of experience and extensive knowledge in corporate taxation with an emphasis on tax provision, financial statement disclosures for taxes
• Strong knowledge and understanding of tax regulatory environment as well as federal and state rules and regulations, banking experience a plus
• Knowledge of accounting for income taxes (ASC 740)
• Bachelor's degree, CPA or masters in tax a plus 
• Proficient in Microsoft applications and other applications, such as excel and word
• Good communication/planning, analytic and problem solving skills are must
• Detail oriented and well organized
• Ability to balance and prioritize critical responsibilities to meet all necessary deadlines timely

Additional Requirements

D&I Commitment

Responsible for fostering a culture of diversity and inclusion, holding leaders accountable for creating an inclusive environment through awareness and practice of equity in rec