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Bank of America

CFO - Transfer Pricing Center of Excellence Lead (Senior Product/ Specialty Cont

Bank of America, Charlotte, North Carolina, United States, 28245


Job Description:At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!Job Responsibilities:Applies technical or product specific accounting knowledge to ensure strong financial controls and reporting output.Approves resolution of accounting exceptions for product / specialty – transaction-level orientation.Reviews and approves data, GL balances, disclosures, and SEC reporting.The Transfer Pricing Center of Excellence (“CoE”), a part of the Global Financial Control (GFC)-Corporate Controller organization within the CFO Group, is responsible for calculating, booking, and reporting of multiple Service Fee arrangements for the enterprise, preparing and analyzing tax transfer pricing documentation, and facilitating tax transfer pricing governance routines. Primary responsibility for this role is to ensure accuracy and timeliness in relevant data sourcing, calculations, journal bookings, reporting, and documentation. Also reviews day-to-day operations of the India-based team. This role will interface closely with Transfer Pricing Executive in GFC Tax, Legal Entity Controllers, and Business Finance Controllers.Key Responsibilities:Perform and review service fee data sourcing, calculations, and bookings.Provide and review analysis and commentary to facilitate service fee reviews.Act as escalation point to resolve operational data or other issues emanating from the team.Provide data and analysis for TP documentation, regulatory and tax audit queries.Work with Corporate Tax and other stakeholders to design and implement new and improved TP models.Oversee operations of the India-based team.Design process controls.Identify and implement process standardization and improvements.Help recruit, train, and retain resources with adequate skills for the team.Skills and Qualifications:Minimum 10 years experience in Finance/ Accounting.Bachelor's degree or relevant work experience.Demonstrates ability to influence individuals spread over global teams both with and without direct authority.Prior people management experience ideal.Accounting and Controllership experience.Excellent spreadsheet skills.Good working knowledge of financial services including various components like capital, traders, related operations.Self-driven, curious to learn, assimilate and able to draw conclusions.Confident interactions and presentations over email, phone, video conference and in person.Team player.Organized, with ability to prioritize demands from multiple stakeholders, and diligent documentation of discussions and learnings.Financial Accounting and Analysis.Reporting and Stakeholder Management.Attention to Detail and Continuous Improvement.Data Quality Management and Financial Management.Written Communications and Advisory.Regulatory Relations and Risk Management.Desired Skills:Bachelor's degree in Accounting preferred.15+ years experience in Finance/ Accounting preferred.CPA preferred.Alteryx / Tableau / Power query are a plus.Accounting and Controllership background ideally with Tax Transfer Pricing experience.Knowledge of Bank of America’s general ledger environment; added awareness of any subledgers is a plus.Shift:1st shift (United States of America)Hours Per Week:40

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