Analyst - Business Income Taxes

2 months ago


New York, United States City of New York Full time

Job Description

TASK FORCE: Tax Policy, Revenue Forecasting and Economic Analysis

UNIT: Business Income Taxes

JOB TITLE: One (1) Assistant Analyst /Analyst / Senior Analyst

CONTROL CODE: TAX-24-01

Please note this job is NOT related to auditing, tax preparation, or accounting. Please see the list of preferred degrees in the requirements section below.

SUMMARY:

The Mayors Office of Management and Budget (OMB) is the City government's chief financial agency. OMB's staff of analysts and experts assembles and oversees the Mayors expense and capital budgets, which fund the services and activities of more than 90 City agencies and entities.

The Tax Policy, Revenue Forecasting and Economic Analysis Task Force is responsible for forecasting and monitoring trends in the local, national, and global economies, including tax revenue, unemployment, and population growth.

The Tax Policy arm of the Task Force is charged with forecasting the Citys tax revenue on a quarterly basis as well as tracking and analyzing tax collection trends. The City collects tax revenue from property taxes, income taxes (including the personal income tax and business income taxes), consumption taxes (including sales tax, hotel tax and utility tax) as well as other taxes. Annually, the City collects more than $70 billion in tax revenue.

JOB DESCRIPTION:

We are seeking an individual with interests in tax policy, economics, and business who would be primarily working on issues related to corporate income taxes. These taxes are highly volatile, making them interesting and challenging to forecast.

The analyst will work on both tax revenue forecasting and monitoring as well as tax policy change implications. The candidate will be required to:

- Forecast business income taxes revenue using historical data and econometric models.

- Monitor daily collections and analyze to recommend changes to the forecast.

- Develop monthly cash flow statements.

- Analyze State, Federal, and Local tax proposals to assess for fiscal impact.

- Write memos and deliver presentations that clearly and concisely explain changes in the forecast and tax policies to senior leadership.

- Analyze and compose presentations on various data from Department of Finance on business taxes including collections by sector, overpayment report and top taxpayers report.

- Compile and summarize data on earning statements from large corporations including the top five Wall Street banks.

- Answer key research questions related to the corporate income taxes. In the past, this has included research such as: changes in tax rates and structures triggered by state or federal actions; and tax credits for businesses that relocate to parts of NYC (Relocation and Employment Assistance Program).

- Assist with ad hoc projects within the task force.

QUALIFICATIONS:

- Demonstrated quantitative and analytical skills, including the ability to use Excel formulas.

- Exceptional oral and written communication skills.

- Resourceful problem-solver who seeks out answers to complex questions proactively.

- Excellent attention to detail and well organized.

- Strong and resourceful research skills.

- Ability to work calmly and proficiently under pressure, prioritize tasks, and meet deadlines.

- Must be able to complete challenging assignments, provide creative solutions, and be comfortable working with data and models.

- Strong analytic and quantitative skills are required.

- Competency in Microsoft office, particularly Excel. An understanding of statistical software (Eviews, SAS, R, Python) is a plus.

- Sincere interest in working for government and in public service.

We strongly encourage candidates of color to apply to this position even if they feel they do not meet each and every requirement listed here.

Qualifications

1. A baccalaureate degree from an accredited college.

Additional Information

The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.



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