Responsbile primarily for data processing, preparation of financial statements including completing working papers and assisting the onshore team with clients’ tax compliance reports.
DUTIES AND RESPONSIBILITIES
Financial Statement Preparation Tasks
- Review general ledger balances, reports, and transactions to verify their accuracy for the correct tax application
- Prepare and complete working papers according to client and regulatory standards for clients in a variety of businesses
- Apply technical proficiency and knowledge acquired through assigned work, self-study, course participation, and current technical reports and information study.
- Prepare adjustments, if applicable, to correct the client’s tax allocation
- Perform year-end accruals review
- Gathering all pertinent information and confirmation received to prepare job notes for the financial statements
- Ensure all working papers are updated to reflect the final version of the financial statements
- Remain knowledgeable with updates in the accounting software
- Generating a complete set of Financial Statements to be sent to clients.
- Preparation of Trust Distribution and Dividend Statement, if applicable.
- Pro-actively raise queries and suggestions regarding client’s records to promptly prepare the working papers
Income Tax Return Preparation Task
- Drafting of Tax Returns in client-specified software
- Prepare Tax Reconciliation and Tax Provision
- Ensure all appropriate tax deductions and tax off-set are claimed based on regulatory standards
- Ensure all necessary tax return sections are filled out and with no validation errors
Process and Work Flow Compliance
- Ensure the proper completion of the tax compliance checklist provided by the onshore team
- Manage workflow and ensure jobs are completed accordingly before the deadline
- Daily Timesheet preparation in client-specified application
- Delivering operating efficiencies through accounting and business systems
- Staying informed on industry developments and changes in regulations
Pro-active raising queries
- Pro-actively raise queries and suggestions regarding client’s records to promptly prepare the working papers
ATO Compliance
- Preparation and lodgement of Monthly, quarterly, or annual Activity Statement (IAS or BAS) for client
- Responsible for preparing BAS, bookkeeping procedure
- Wide range of administration tasks such as liaising with the ATO
Ad hoc Tasks
- Any task deemed necessary by the Partner involving client management
QUALIFICATIONS
Education
- Should be a graduate of Finance and or Accounting
- CPA is preferred but not required.
Product Knowledge
- Complete knowledge of client accounts and businesses
- At least 3-4 years of experience in accounting or taxation
- Knowledge with Australian Taxation and Compliance is required.
- Previous experience working with an Australian accounting firm.
System and Application Knowledge
- Working knowledge with accounting tools such as MYOB, Xero, QuickBooks
- Knowledge with Microsoft Office applications such as Outlook, Word, Excel, and PowerPoint
- 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 in a timely manner
