Responsible primarily for completing the working papers and assisting the onshore team with client’s tax compliance reports.
DUTIES AND RESPONSIBILITIES
• Financial Statement Preparation Tasks
o Review general ledger balances, reports, and transactions to verify their accuracy for the correct tax application
o Prepare and complete working papers according to client and regulatory standards for clients in variety of businesses.
o Apply technical proficiency and knowledge acquired through assigned work, self-study, participation in courses, and study of current technical reports and information.
o Prepare adjustments, if applicable, to correct the client’s tax allocation
o Perform year-end accruals review
o Gathering all pertinent information and confirmation received to prepare job notes to the financial statements
o Ensure all working papers are updated to reflect the final version of the financial statements
o Remain knowledgeable with updates in the accounting software
o Generating complete set of Financial Statements to be sent to clients.
o Preparation of Trust Distribution and Dividend Statement, if applicable.
o Pro-actively raise queries and suggestions regarding client’s records to promptly prepare the working papers
• Income Tax Return Preparation Task
o Drafting of Tax Return in client specified software
o Prepare Tax Reconciliation and Tax Provision
o Ensure all appropriate tax deductions and tax off-set are claimed base on regulatory standards
o Ensure all necessary tax return sections are filled out and with no validation errors
• Process and Work Flow Compliance
o Ensure the proper completion of the tax compliance checklist provided by the onshore team
o Manage workflow and ensure jobs are completed accordingly before deadline set by the client.
o Daily Timesheet preparation in client specified application
• Pro-active raising queries
o Pro-actively raise queries and suggestions regarding client’s records to promptly prepare the working papers
• ATO Compliance
o Preparation and lodgement of Monthly, quarterly or annual Activity Statement (IAS or BAS) of the client
• Ad hoc tasks
o Any task deemed necessary by the Team Manager or Service Delivery Manager involving client Management
KEY RESULT AREAS AND PERFORMANCE INDICATORS (KRA’s & KPI’s)
• Productivity needs to meet the minimum expectation set for each jobs
• Completion of jobs within budget hours as set by the client
• Quality of working papers, job notes
• Accuracy and completeness of Financial Statements and Tax Return
• Timeliness in submission of queries and job completion
• Punctual and regular attendance is an expectation
• Efficient resolution of Issues and Risks Escalations
QUALIFICATIONS
Education
• Should be graduate of Finance and or Accounting
• CPA is preferred
Product Knowledge
• Complete knowledge of client accounts and businesses
• At least 3-4 years of experience in accounting or taxation
• Knowledge of Australian Taxation and Compliance
• Must have experience in Individual, Partnership, Trust, and Company Compliance
• SMSF compliance knowledge is preferred, but optional
System and Application Knowledge
• Knowledge with Microsoft Office applications such as Outlook, Word, Excel, and PowerPoint
• Experienced with accounting tools such as Xero, XPM, Xero Workpapers
• Familiarity with MYOB and QuickBooks
• Ability to learn new systems and tools as needed
Quality
• Works within the Hammerjack and Client quality guidelines
• Ensures quality of work being delivered without being supervised
Communication skills
• Good oral and written communication skills
Efficiency
• Works within allotted budget hours for jobs assigned
• Ensures all deliverables are fulfilled on a timely manner
