at Old Second National Bank in Aurora, Illinois, United States
Job Description
Who We Are
At Old Second, you're first! For more than 150 years, Old Second has consistently put businesses and individuals throughout the Chicago area first, and we're only getting started.
With great employees we've grown from a single location in the back of a general store to 50 locations and over $6 billion dollars in assets. At Old Second we embrace values that foster an environment of community and growth. Recently, we've been voted a Forbes Best-In-State Bank for Illinois by our customers. Be a part of something big as we continue our growth story together!
Position Overview
Reporting to the Corporate Controller, the Tax Manager is responsible for preparation and or review of the necessary tax filings for all Old Second Bancorp, Inc.("OSBC") and subsidiaries at the state(s) and federal levels. This position will assist with tax planning and tax savings analysis and will work directly with our external tax consultant for annual and quarterly state and federal filings.
This is a part-time position at 25 hours per week that allows for remote work in Illinois only (must be able to come to Downers Grove location as needed)
Essential Job Functions
General
Utilize GAAP to develop tax footnote disclosures for SEC filings.
Effectively manage and work with IRS and/or state examiners
Evaluate and resolve FAS 123(R), tax impacts of restricted stock units and other stock awards
Evaluate and resolve Deferred Compensation plan tax impacts
Address tax impact of Bank Owned Life Insurance (BOLI) and Corporate Owned Life Insurance (COLI), including split dollar plans
Understand tax adjustments for Loan/Allowance for Credit Losses related activity
Manage 1099/1098 oversight to vendors, directors and customers
Manage W-9 oversight from vendors
Assist external tax consultants in gathering data and schedules, as well as certain tax return schedule preparation
Franchise tax return preparation and filing
Federal
Assist external consultant with quarterly Federal tax estimates
Provide assistance to third party consultants with preparation of Federal Tax return and preparation of select schedules
Assist with deferred tax estimates - quarterly
Manage monthly provision provision/accrual
State and Local Taxing Authorities
Administer Monthly Sales and Use tax (ECS) process with a third party
File $0 state returns
Set-up state accounts as needed
State tax returns - annual - Assist third-party consultants with preparation of annual State tax returns and preparation of select schedules
Pay the State estimated taxes quarterly
Conduct or review Deferred tax analysis
Monitor State apportionment
Post monthly tax provision/accrual
Process Personal property tax filings, if required by that state
Complete other municipality filings, as needed (City of Chicago, etc.)
Compilation of Tax return support including:
162M analysis
Meals & Entertainment
Dues and sporting events
Depreciation
Out of state loans - secured/unsecured
Trust fees by state
Parking lot expense analysis
Additional Responsibilities:
Perform or assist a third party in performance of Tax savings analysis - acquisitions, other events as they occur
Coordinate and /review third-party cost segregation analysis
Assess any DTA impairment, if needed
Prepare or assist with other taxing authority/jurisdictional filings, as required
Minimum Requirements
Bachelor's Degree in Accounting (emphasis on taxation), and five or more years of tax preparation, either with a regional/national accounting firm or through a corporate tax position; or equivalent combination of education and experience.
This position allows for flexibility to work remotely, or hybrid (remote/onsite). Must be able to work once a month at the Downers Grove Highland location.
Competencies
ASC 740 Income Tax experience
Applied understanding of banking and related tax regulations
Strong computer knowledge and skills a must.
Excellent analytical skills
Detail-oriented and solid problem-solving skills
Work effectively with a team and demonstrate a desire to learn new tasks, with a goal of implementing efficiencies in process
Communicate effectively verbally and in writing
Self-directed, accountable and reliable. Highly productive and proactive as an individual contributor.
Preferred, but not required:
Licensed or registered Certified Public Accountant
Some banking experience
State, local, and federal tax preparation experience
Thanks for considering Old Second!
Old Second National Bank is an Equal Opportunity Employer, and all qualified applicants will receive consideration for employment without regard to their real or perceived race, color, religion, creed, sex, marital status, national origin, citizenship, ancestry, age, sexual orientation, gender identity, disability, military status, genetic information, veteran’s status, or any other
protected characteristic under applicable law.
