Senior Tax Associate

The Depository Trust & Clearing Corporation (DTCC); Jersey City (NJ); Hybrid; USD 80,000 - 100,000; Full time

Benefits offered by this job

Competitive compensation

Comprehensive health and life insurance

Pension / Retirement benefits

Paid Time Off

Job summary

The Depository Trust & Clearing Corporation (DTCC) is seeking a Senior Associate in Tax located in Jersey City, New Jersey. You will support DTCC’s global income tax provision process, contributing to reporting and compliance. This role requires a Bachelor’s degree in Accounting, CPA certification preferred, and at least 3 years of experience in a Big 4 firm. Strong analytical skills and experience with Oracle HFM are essential. Enjoy a hybrid work model and competitive compensation.

Be part of a dynamic team focused on driving success and innovation in financial markets.

Qualifications

• Minimum of 3 years of experience in a Big 4 firm or multinational environment.
• Strong experience in ASC 740 tax provision and financial reporting.
• Ability to manage priorities and meet deadlines in a reporting-driven environment.

Responsibilities

• Prepare monthly, quarterly, and year-end income tax provision calculations.
• Support U.S. federal and state income tax compliance and related processes.
• Analyze deferred tax assets and liabilities, including valuation allowance considerations.
• Prepare effective tax rate (ETR) analysis.

Skills

Experience in ASC 740 tax provision

Analytical skills

Effective communication skills

Education

Bachelor's degree in Accounting or related field

CPA or progress toward certification

Master's in Taxation or Accounting

Tools

Oracle HFM

Oracle TRCS

Job description

Are you ready to make an impact at DTCC? Do you want to work on innovative projects, collaborate with a dynamic and supportive team, and receive investment in your professional development? At DTCC, we are at the forefront of innovation in the financial markets. We are committed to helping our employees grow and succeed. We believe that you have the skills and drive to make a real impact. We foster a thriving internal community and are committed to creating a workplace that looks like the world that we serve.

Finance is one organization composed of ten functions forming the financial backbone of DTCC, leaders who stand at the forefront of DTCC’s competitive endeavors across the globe. From accountants and financial analysts to internal consultants and workplace designers, the CFO Organization employs diverse individuals who work together to help make DTCC a global leader in the financial services industry.

Pay And Benefits

• Competitive compensation, including base pay and annual incentive
• Comprehensive health and life insurance and well-being benefits, based on location
• Pension / Retirement benefits
• Paid Time Off and Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.
• DTCC offers a flexible/hybrid model of 3 days onsite and 2 days remote (onsite Tuesdays, Wednesdays and a third day unique to each team or employee).

The Impact You Will Have In This Role

As a member of the Tax team, the Senior Associate will support DTCC’s global income tax provision process. The role is responsible for contributing to monthly, quarterly, and annual tax reporting, with a focus on deferred tax accounting, effective tax rate analysis, and financial statement disclosures. The role partners closely with Controllership, FP&A, and external auditors to ensure accurate and timely reporting, while supporting a strong control environment.

Your Primary Responsibilities

• Prepare monthly, quarterly, and year-end income tax provision calculations under ASC 740, including current and deferred tax components
• Support U.S. federal and state income tax compliance and related processes, including provision-to-return adjustments, state apportionment, and adjustments
• Analyze deferred tax assets and liabilities, including valuation allowance considerations
• Prepare effective tax rate (ETR) analysis and explain key drivers and variances to stakeholders
• Prepare and reconcile tax-related balance sheet accounts and roll-forwards as part of the close process
• Support FIN 48 / uncertain tax position analysis, including documentation and supporting schedules
• Assist in drafting income tax disclosures for financial statements and audit support materials
• As needed, work with others on responses to, and liaisons with, tax authorities on audits and other tax matters
• Work closely with the Global Tax Team, Financial Operations, Financial Reporting & Accounting to support the financial close and audit cycle
• Identify and implement opportunities to enhance tax provision processes, controls, and automation
• Aligns risk and control processes into day to day responsibilities to monitor and mitigate risk; escalates appropriately

NOTE: The Primary Responsibilities of this role are not limited to the details above.

Qualifications

• Bachelor’s degree in Accounting or related field
• CPA or progress toward certification preferred
• Master’s in Taxation or Accounting is a plus

Talents Needed For Success

• Minimum of 3 years of experience in a Big 4 firm or multinational environment
• Strong experience in ASC 740 tax provision and financial reporting
• Experience with Oracle HFM and tax provision systems; Oracle TRCS is a plus
• Strong analytical and problem-solving skills with attention to detail
• Ability to manage priorities and meet deadlines in a reporting-driven environment
• Effective communication skills to present tax results clearly to stakeholders

The salary range is indicative for roles at the same level within DTCC across all US locations. Actual salary is determined based on the role, location, individual experience, skills, and other considerations.

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.