Team Lead-US Tax Job Description Template
As the Team Lead-US Tax, you will manage a team of tax professionals and ensure the company's compliance with US tax regulations. The role requires strong leadership capabilities, a deep understanding of US tax laws, and the ability to make strategic tax decisions to optimize the company’s tax position.
Responsibilities
- Oversee the preparation and review of US federal, state, and local tax returns.
- Ensure compliance with all applicable tax regulations and filing deadlines.
- Manage and mentor a team of tax professionals.
- Conduct research on tax issues and provide strategic tax planning advice.
- Develop and implement tax-related policies and procedures.
- Liaise with other departments to ensure the accuracy of tax-related financial information.
- Coordinate with external auditors and tax advisors as required.
- Monitor changes in tax laws and regulations and assess their impact on the business.
Qualifications
- Bachelor's degree in Accounting, Finance, or related field.
- CPA certification is required.
- Minimum of 5-7 years of experience in US tax compliance and planning.
- Proven experience in managing and leading a team.
- In-depth knowledge of US federal, state, and local tax laws.
- Strong analytical and problem-solving skills.
- Excellent communication and interpersonal skills.
- Ability to work under pressure and meet strict deadlines.
Skills
- US GAAP
- Tax preparation software (e.g., OneSource, UltraTax)
- Microsoft Excel
- Project management
- Analytical skills
- Leadership
- Regulatory research
- Financial analysis
Frequently Asked Questions
A Team Lead in US Tax oversees the tax compliance and planning activities for a corporation or consultancy operating in the US market. Their role involves managing a team to ensure accurate and timely tax filings, both federal and state, adhering to IRS regulations. They also provide strategic tax advice to minimize liabilities and ensure optimal financial outcomes for the organization.
To become a Team Lead in US Tax, individuals typically need a background in accounting or finance, along with extensive experience in tax-related roles. A Bachelor’s degree is essential, while CPA or other relevant certifications are highly advantageous. Gaining experience in leadership roles, such as Senior Tax Accountant or Tax Manager, helps in acquiring necessary skills and expertise.
The average salary for a Team Lead in US Tax varies widely depending on factors such as geographical location, the size of the company, and the candidate's level of experience. Generally, it is a well-compensated role in the financial sector, with competitive benefits and potential bonuses based on performance metrics and organizational success.
Qualifications for a Team Lead in US Tax typically include a Bachelor’s degree in Accounting, Finance, or a related field. Professional certifications like Certified Public Accountant (CPA) are valuable and sometimes required. Additionally, substantial experience in tax compliance and tax planning, along with leadership capabilities, is necessary for this role.
A Team Lead in US Tax must possess strong analytical abilities, excellent attention to detail, and leadership skills to manage and mentor their team effectively. Responsibilities include overseeing tax filings, ensuring compliance with current tax laws, and implementing tax strategies to optimize organizational financial performance. Strong communication skills are also vital to liaise with internal teams and external auditors.