Accountant maintains financial records and ensures that financial transactions are properly recorded. Ensures the accuracy of entries to ledger accounts and reconciles subsidiary ledger accounts to the general ledger. Being an Accountant compiles financial data to aid more senior accountants in the preparation of balance sheets, profit and loss statements and other financial reports. Assists in analyzing current costs, revenues, financial commitments, and obligations incurred to predict future revenues and expenses. Additionally, Accountant typically requires a bachelor's degree in accounting or finance. Typically reports to a supervisor or manager. The Accountant work is closely managed. Works on projects/matters of limited complexity in a support role. To be an Accountant typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
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Responsibilities
· Preparation of advanced Federal and state income tax returns and other relevant tax engagements including forms 1120, 990
· Perform an in-depth taxable income analysis for each client to distinguish between taxable and non-taxable income items between different income tax return filing options
· Responsible for performing a first review of tax returns prepared by staff
· Identify and assess potential tax issues for clients, communicate with tax manager, and then discuss the resolution of those issues with the client in a professional manner
· Perform advanced tax research procedures and prepare internal Tax Memorandums
· Prepare and file extensions for clients
· Utilize internally run reports to assist tax managers manage workflow to ensure timely preparation and delivery to clients
· Manage and communicate with managers regarding the electronic filing submission process, deadlines and status
· Demonstrate a willingness to operate both independently and collaboratively towards meeting the firm’s various deadlines and goals including proactive monitoring of filling status and workflow
· Fully understand and accurately complete the tax schedules and workpapers
· Ability to calculate tax expense and tax liabilities without completing the firm’s pre-set workpapers
· Train/mentor staff
· Provide timely feedback to managers re: workpaper effectiveness, training needs, staff evaluations, client issues
· Actively pursue new ways of streamlining and enhancing firm processes
Qualifications
· Excellent oral and written communication skills
· Utilizes professional judgment and shows the capacity to think both critically and independently
· Be self-driven and self-managed
· The ability to develop a fundamental understanding of how an association operates and a comprehension of the various relevant terminology (e.g., formation, budgets, reserve studies, fund accounting, boards, management company relationships, etc.)
· The ability to lead and actively engage the team
Required education and experience
Preferred education and experience