What is a senior tax accounting manager job?
A senior tax accounting manager is a professional responsible for overseeing the tax accounting operations of an organization. This role typically involves managing a team of tax accountants and ensuring that all tax-related activities comply with government regulations and company policies. Senior tax accounting managers can work in a variety of industries, including accounting firms, corporations, and government agencies. They play a crucial role in helping businesses stay compliant with tax laws and regulations while minimizing their tax liabilities.
What usually do in this position?
Senior tax accounting managers are responsible for a wide range of tasks related to tax accounting. Some of the most common duties include preparing and filing tax returns, managing tax audits, researching tax laws and regulations, and providing guidance to other members of the accounting team. They may also be responsible for developing tax strategies to minimize a company's tax liabilities and maximize its financial performance.
Top 5 skills for the position
Strong analytical and problem-solving skills
Excellent communication and interpersonal skills
Advanced knowledge of tax laws and regulations
Strong leadership and team management skills
Attention to detail and accuracy
How to become this type of specialist
To become a senior tax accounting manager, you typically need a bachelor's degree in accounting, finance, or a related field. Many employers also prefer candidates with a master's degree in taxation or a related area. In addition, you will need several years of experience working in tax accounting, preferably in a management or supervisory role. Professional certifications such as the Certified Public Accountant (CPA) or the Certified Management Accountant (CMA) can also be beneficial.
Average salary
According to the Bureau of Labor Statistics, the median annual salary for accounting managers, including tax accounting managers, was $109,740 as of May 2020. However, salaries can vary widely based on factors such as industry, location, years of experience, and level of education and certification.
Roles and types
Senior tax accounting managers can work in a variety of roles and industries. Some common job titles in this field include tax manager, tax director, senior tax analyst, and tax consultant. They may work in accounting firms, corporations, government agencies, or non-profit organizations. Some senior tax accounting managers specialize in specific areas such as international tax or state and local tax.
Locations with the most popular jobs in USA
Senior tax accounting manager jobs are available throughout the United States, but some areas have more opportunities than others. According to data from the Bureau of Labor Statistics, the states with the highest levels of employment for accounting managers, including tax accounting managers, are California, New York, Texas, Illinois, and Florida.
What are the typical tools
Senior tax accounting managers use a variety of tools and software to perform their job duties. Some common tools and technologies used in this field include tax preparation software, accounting software such as QuickBooks or SAP, Microsoft Excel, and financial analysis tools. In addition, senior tax accounting managers may use project management software and communication tools to manage their teams and collaborate with other departments.
In conclusion
Senior tax accounting manager jobs are a critical component of any organization's accounting team. These professionals play a key role in ensuring that businesses comply with tax laws and regulations while minimizing their tax liabilities. To become a senior tax accounting manager, you will need a combination of education, experience, and professional certifications. Strong analytical and problem-solving skills, excellent communication and interpersonal skills, and a deep understanding of tax laws and regulations are essential for success in this field.