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Sr. Tax Associate Job Details

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Sr. Tax Associate (Ref: 110002987)
Sector, Sub Sector: Other
Compliance Type: Regulatory/Compliance
Expertise: -
Company: JP Morgan Chase
Location: Toronto Americas, Canada
Employment Type: Permanent
Job Description:

Chase Paymentech, a business unit of JPMorgan Chase, is a global leader in payment processing and merchant acquiring, capable of authorizing transactions in over 130 currencies. The company's proprietary platforms provide access to a wide variety of payment methods, such as credit cards, debit cards, prepaid stored value cards and electronic check processing. With a legacy of innovation and vision in electronic payments, Chase Paymentech promoted the growth of e-commerce worldwide. The company continues to fuel the success of the Internet's largest brands, currently processing more than 50 percent of all Internet transactions. Offering secure payment solutions, improving cash-flow management, mitigating risk and accelerating funding - Chase Paymentech's consultative approach helps today's small and emerging businesses become tomorrow's industry leaders. On the Internet or at the point of sale, Chase Paymentech's unique combination of outstanding service, innovative solutions and financial strength offers solid benefits to companies both large and small.

 

 Purpose of Job

 

Responsible at a management level, to provide tax compliance services and advice to Chase Paymentech Solutions (CPS)

 

Assist CPS in dealing with complex indirect tax issues.

 

Responsible for liaising with federal and provincial auditors, JPMC Corporate Tax and JPMC internal audit to respond to audit requests and tax compliance issues.

 

Responsible for taking a role in ensuring that tax reporting, financial systems, procedures, controls and policies are appropriate and functioning so that timely, accurate and reliable information is produced. 

 

Major Activities

 

·         Preparation of the CPS tax returns, including corporate tax, capital tax, GST and QST.

 

·         Preparation of tax account reconciliations for financial reporting.

 

·         Reconciliation of government tax statement of accounts.

 

·         Review customer, partner and vendor contracts and make tax related recommendations and comments.

 

·         Research complex tax questions and liaison with JPMC Corporate Tax as needed

 

·         Recommend and assist in the development of new/enhanced tax reporting systems, policies, procedures and controls to meet changing circumstances and existing inefficiencies.

 

·         Interpret provincial and federal tax legislation to assist businesses with tax implications that affect their business.

 

·         Calculate the self-assessment of provincial and federal sales taxes.

 

·         Liaise with managers to ensure they are familiar with the tax requirements of their specific business areas.

 

·         Liaise with business analysts and system programmers in the design and implementation of information systems that will support indirect tax compliance efforts.

Knowledge/Skill Requirements

 

·         Minimum 5 - 7 years of direct corporate tax or large public accounting tax experience.

 

·         Financial services products and services industry experience preferred.

 

·         Income and indirect tax principles and rules.

 

·         Accounting principles as they relate to tax.

 

·         Knowledge of operations and controls of various financial systems and software applications such as (SAP, WORD, EXCEL) and the ability to extract and utilize the information from these systems.

 

·         Equivalent to a University degree in Business/Accounting and/or advanced standing toward an accounting designation (CA, CMA, CGA). 

 

·         Completion of the Income Tax or Commodity Tax In-Depth course would be beneficial.

 

·         Excellent communication; job requires attending meetings and making recommendations to JPMC Corporate Tax, CPS management and negotiating with auditors.

 

·         Strong leadership skills to build understanding and consensus in a team and to deal with situations where opposing needs may sometimes be present.

 

Contacts

 

·         Levels up to and including senior leadership team.

 

·         Global senior management within JPM.

 

·         External and Internal auditors and other tax consultants.

 

 

Job Complexities/Challenges

        

·         Superior communication skills to promote co-operation with senior personnel across operational groups.

 

·         Persuading business units and information systems personnel of the need to make changes to processes, procedures, and information systems in order to accommodate tax compliance.

 

·         Understanding of vendor/contractual relationships to ensure tax compliance.

 

·         Comprehensive understanding of multiple financial based systems and the ability to apply the tax rules to those systems.

 

·         Must be aware of new commodity tax developments, changes in commodity tax legislation and policy interpretations.

 

·         High degree of flexibility and creativity required to be able to adapt to a constantly changing environment and to develop and adapt financial procedures to meet such changes.

 

·         Negotiating with tax auditors.

 

 

Physical Demands/Working Conditions

 

Office environment.

 


JPMorgan Chase is an Equal Opportunity and Affirmative Action Employer, M/F/D/V


 


JPMorgan Chase is committed to employment equity and encourages applications from women, aboriginal peoples, persons with disabilities and members of visible minorities.
Job Ref No: 110002987