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Tax Specialist Information Reporting Lead

Comerica Bank
Farmington, MI Full Time
POSTED ON 2/6/2025
AVAILABLE BEFORE 4/5/2025
Tax Specialist Information Reporting Lead
This position provides the tax advisory function related to information reporting requirements for all lines of business within Comerica. Responsibilities includes constant monitoring of tax legislation at the federal and state levels and communicating such changes throughout the organization to ensure accurate information reporting, mitigating tax risk. Additionally, this position will support the Senior Manager in addressing tax information reporting questions from the LOB and support the team in building the Information Reporting Center of Expertise and oversight procedures for LOB. Also, responsible for assisting in other areas of the Corporate Tax Department as deemed necessary.
Position Responsibilities:
Tax advisory and research
  • Assist LOB with resolving information reporting and withholding issues globally.
  • Support the Senior Manager in the collaborating with cross-functional teams to advise on information reporting implications of business decisions and operational changes.
  • Keep abreast of regulation changes in information reporting and new tax legislation and provide support to the Senior Manager in assessing the impact on the company to help Comerica avoid financial and reputational risk of non-compliance with IRS/State reporting and withholding rules.
  • Provide support to the Senior Manager in reviewing and advising LOB and leadership on existing processes/procedures offering improvements to avoid penalties and interest for incorrect or inadequate reporting and processing.
  • Conduct initial research on technical information reporting matters as applicable to mergers and acquisitions, divestitures, and other strategic initiatives.
Provide support in the feasibility of a Target Operating Model/Reporting Center of Expertise and provide guidance on oversight procedures for LOB
  • Provide guidance and support to the LOB to assist the filing of federal, state, and international tax information reporting returns.
  • Support the coordination of external advisors, relevant Comerica tax leadership, and tax authorities as needed.
  • Develop and implement tax strategies to minimize information reporting fine & penalty liabilities and support the company's overall financial goals.
  • Look for efficiencies in operating process utilizing technology, third party vendors, and software utilized by Corporate Tax and LOB.
Education communication and Risk Mitigation with LOB/operations
  • Ensure tax deadlines are communicated, tracked, and reported for risk management for all LOBs with Information Reporting responsibilities though Enterprise-Wide Compliance.
  • Conduct periodic updates with LOBs/operations on developments in federal and state legislation and guidance.
  • Ensure that the company's tax reporting processes are efficient, compliant, and aligned with best practices.
  • Administrative and other duties, as assigned

Position Qualifications:

  • Bachelor's Degree from an accredited university in Accounting/Finance
  • 5 years of Tax experience (direct & indirect)
  • 3 years of Information Reporting experience

Licenses/Certifications:

  • CPA (Certified Public Accountant) preferred

Work Best Category: Category C - Days in the office will either be designated days or will vary week to week from 2-5 days
Hours: 8:00am - 5:00pm Monday - Friday. This position offers a hybrid work model that includes onsite and remote days as determined by the manager.
Salary: To Be Determined Based on Individual Experience


About Comerica
We know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD&D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure.

Upon offer, Comerica conducts a comprehensive background and fingerprint check.

NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.

Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comerica's colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.

Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.

 

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