Tax Manager 1 - CIM Accounting Methods and Periods at RSM

Are you a seasoned tax professional with a passion for accounting methods and periods? Do you thrive in a dynamic environment where you can leverage your technical expertise to deliver exceptional client service? If so, RSM has an exciting opportunity for you as a Tax Manager 1 in our Credits, Incentives, & Methods (CIM) group, specializing in Accounting Methods & Periods (AMP). This role is based in Hyderabad and offers the chance to work with a leading provider of professional services to the middle market globally.

Role Overview

As a Tax Manager 1 in the CIM group, you will be responsible for a variety of advisory duties centered around your technical and quality expertise, as well as delivering excellent client service. Your primary focus will be on identifying, project managing, and conducting initial technical reviews of AMP projects. You will work closely with the Washington National Tax office (WNT) AMP specialists to ensure the successful completion of these projects. Your responsibilities will include:

• Identifying, project managing, and conducting initial technical reviews of AMP projects, including overall changes, revenue recognition, expense recognition, inventory/UNICAP/LIFO, capitalization/cost recovery, Section 174 R&E expenditures, leasing engagements, strategic method review projects, and impacts of transactions/mergers on methods.
• Managing the delivery of AMP projects, including the calculation of 481(a) adjustments, impact on tax provisions/reserves, and IRS exam support.
• Understanding financial accounting principles (GAAP; IFRS) and current financial accounting pronouncements.
• Conducting tax research and writing tax advice, opinion, and position memorandums.
• Drafting and reviewing technical memoranda, legal basis disclosures, responses to IRS inquiries, and IRS Ruling requests.
• Identifying and pursuing AMP service opportunities for existing and prospective clients.
• Building rapport with RSM Managers, Senior Managers, and Partners.
• Collaborating with RSM’s Growth Acceleration Teams to pursue AMP services.
• Building cross-team and cross-line-of-business relationships to identify service areas.
• Training, mentoring, developing, and growing AMP professionals.

A Day in the Life

A typical day as a Tax Manager 1 in the CIM group might involve:

• Starting the day by reviewing project updates and addressing any immediate client needs.
• Conducting research on complex tax issues related to accounting methods and periods.
• Collaborating with team members to develop strategies for optimizing clients' tax positions.
• Preparing and reviewing technical memoranda and other client deliverables.
• Participating in client meetings to discuss project progress and answer questions.
• Mentoring and providing guidance to junior team members.
• Identifying and pursuing new business opportunities.
• Attending training sessions to stay up-to-date on the latest tax law changes.

Why Hyderabad?

Hyderabad is a vibrant and rapidly growing city in India, known for its rich history, diverse culture, and thriving economy. As a major IT hub, Hyderabad offers a wealth of opportunities for career growth and development. The city also boasts a high quality of life, with affordable housing, excellent schools, and a wide range of recreational activities. Working in Hyderabad provides the chance to experience a unique blend of traditional and modern influences, making it an exciting and rewarding place to live and work.

Career Path

RSM is committed to providing its employees with opportunities for career advancement. As a Tax Manager 1, you will have the chance to develop your technical and leadership skills, with the potential to advance to Senior Manager, Partner, and beyond. RSM also offers a variety of training and development programs to help you reach your full potential.

Salary & Benefits

RSM offers a competitive salary and benefits package, commensurate with experience and qualifications. The estimated salary range for a Tax Manager 1 in Hyderabad is $80,000 to $120,000 per year. In addition to salary, RSM provides a comprehensive benefits package that includes:

• Comprehensive health insurance plans including medical, dental, and vision coverage.
• Generous paid time off (PTO) policy, including vacation, sick leave, and holidays.
• Retirement savings plan with employer matching contributions to help you secure your financial future.
• Life insurance and disability coverage to protect you and your family in unforeseen circumstances.
• Professional development opportunities to enhance your skills and advance your career.
• Employee assistance program (EAP) offering confidential support and resources for personal and work-related issues.
• Wellness programs promoting physical and mental well-being.
• Tuition reimbursement for eligible courses and certifications to support your educational goals.
• Employee referral program rewarding you for bringing talented individuals to the company.
• Flexible work arrangements to help you balance your work and personal life.
• Opportunities for advancement and promotion within the company.
• A supportive and inclusive work environment where you can thrive and reach your full potential.

RSM Culture

At RSM, we are committed to creating an inclusive and supportive work environment where everyone can thrive. We value diversity and believe that our differences make us stronger. We are also passionate about giving back to our communities and making a positive impact on the world.

How to Apply

If you are a qualified and motivated tax professional looking for a challenging and rewarding career, we encourage you to apply for the Tax Manager 1 position at RSM. To apply, please visit our website and submit your resume and cover letter.

FAQ

1. What are the basic qualifications for this role?

   The basic qualifications include a Bachelor’s/Master’s degree (preferably B.Com/M.Com/MBA Finance) from an accredited college/university and 5+ years of progressive tax experience.

2. What skills are required for this position?

   Required skills include expertise in tax accounting methods and periods, understanding of financial accounting principles (GAAP; IFRS), strong research and writing skills, and the ability to manage multiple projects and teams simultaneously.

3. What are the responsibilities of a Tax Manager 1 in the CIM group?

   Responsibilities include identifying, project managing, and conducting initial technical reviews of AMP projects, managing the delivery of AMP projects, understanding financial accounting principles, and conducting tax research.

4. What opportunities are there for career advancement at RSM?

   RSM offers opportunities for career advancement, including the potential to advance to Senior Manager, Partner, and beyond. The company also offers a variety of training and development programs to help employees reach their full potential.

5. What is the salary range for this position?

   The estimated salary range for a Tax Manager 1 in Hyderabad is $80,000 to $120,000 per year.

6. What benefits does RSM offer?

   RSM offers a comprehensive benefits package that includes health insurance, paid time off, retirement savings plan, life insurance, and professional development opportunities.

7. What is the work environment like at RSM?

   RSM is committed to creating an inclusive and supportive work environment where everyone can thrive. The company values diversity and is passionate about giving back to the community.

8. How do I apply for this position?

   To apply, please visit the RSM website and submit your resume and cover letter.

9. Is prior experience with US tax law required?

   Yes, a solid understanding of US tax law, particularly related to accounting methods and periods, is essential for this role.

10. What is the typical team size for AMP projects?

    You will be managing teams of 2-4 professionals on AMP projects, requiring strong leadership and collaboration skills.