Manager, Income Tax Job Description
Manager, income tax
provides a leadership role with respect to accounting for income taxes under ASC 740 leveraging Longview software.
Manager, Income Tax Duties & Responsibilities
To write an effective manager, income tax job description, begin by listing detailed duties, responsibilities and expectations. We have included manager, income tax job description templates that you can modify and use.
Sample responsibilities for this position include:
Providing a comprehensive Income Tax advisory service to the business units
Meeting with key personnel in the business units to ensure that both business needs and Income Tax obligations to Revenue are being fully met
Liaising with Revenue Authorities
Assisting in or completing the filing of various Income Tax returns of the company
Researching areas of complexity in tax legislation, case law and practice
Providing pro-active tax advice and support to the business
Drafting and updating tax instructions to the business
Providing assistance on tax audits with Revenue
Research, analyze and compose memorandums on tax provision including FIN48 and tax compliance positions for federal and state tax issues
Assist with portions of annual & interim tax provision calculation and documentation
Manager, Income Tax Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Manager, Income Tax
List any licenses or certifications required by the position: CPA, JD, CMI, LLM
Education for Manager, Income Tax
Typically a job would require a certain level of education.
Employers hiring for the manager, income tax job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Accounting, Finance, Taxation, Law, Business, Graduate, Economics, Education, Public Accounting, MBA
Skills for Manager, Income Tax
Desired skills for manager, income tax include:
Accounting systems and processes
Internal controls
Corptax software is highly
GOSYSTEMS Tax RS software
ONESOURCE software
ASC 740
ASC 740 and SOX 404
ASC 740 and ability to support the tax accounting process
ASC 740 income tax accounting
Banking and financial services environment
Desired experience for manager, income tax includes:
Assist tax compliance management review federal and state returns, provide appropriate information to tax preparers, devise and manage company’s tax record retention policy
Assist with automation of tax provision process
Cross team collaboration with internal and external teams
Reviews (and prepares more complex assignments) Federal and state income tax returns and tax related computations supporting income tax provision process, business operations and business transactions
Prepares and/or reviews tax computations and memoranda supporting financial reserves and financial statement disclosures or income tax return filing positions
May play a supporting or lead role on transactions, projects, controversies, regulatory developments and legislative analysis depending on the circumstances and skill set required
Manager, Income Tax Examples
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Manager, Income Tax Job Description
Job Description Example
Our innovative and growing company is hiring for a manager, income tax. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for manager, income tax
- Review (may also prepare selected more complicated aspects of) the income tax provision
- Manage complete lifecycle of state income and franchise tax compliance, including the preparation of quarterly estimated tax payments, extensions, and tax return filings
- Enhance client relationships through strong communication and project management skills
- Includes analyzing and assisting in the preparation of the tax provision for the quarterly and annual interim reporting periods
- Utilizes technical tax knowledge, including current developments, to accurately and timely satisfy federal, state, city and foreign income and franchise tax return reporting responsibilities
- Manages completion of all income and franchise tax extensions and estimated tax payments
- Ensures that tax positions are well documented and thoroughly supported by work papers
- Assists with federal, state and local income tax audits
- Assists with tax planning strategies and the preparation of income tax projections
- Performs research, analysis and interpretation of new or revised federal, state and local tax law changes and evaluates organizational impact
Qualifications for manager, income tax
- Ability to receive assignments and establish the methods, techniques and evaluation criteria for successfully reaching objectives
- Alerts senior management on material changes in tax rules that impact the company
- Knowledge and experience in preparing Federal consolidated returns, multistate corporate income tax returns – both separate and combined
- Effective communication skills – both written and verbal, good organization skills, self-starter, team player and proficient with tax preparation software
- Masters in Taxation, LLM in Taxation, or JD a plus
- Minimum of 6-8 years experience providing state and local income tax consulting services, including experience with income franchise and other state and local tax services in a public accounting or tax consulting firm
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Manager, Income Tax Job Description
Job Description Example
Our innovative and growing company is hiring for a manager, income tax. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for manager, income tax
- Identifies and implements process improvements to better leverage department resources
- Reviews annual transfer pricing reports
- Maintains professional status by keeping technically current
- Manages team workload for income tax compliance, estimated payments, audits and financial provision processes
- Reviews (may also prepare) Federal and state income tax returns and tax related computations supporting income tax provision process, business operations and business transactions
- Manages state income tax audits process and develops proposed resolution of issues raised and recommends tax planning projects for implementation
- Preparation of corporate income tax returns using tax preparation software (onesource, Corp Tax, CCH, ) for Federal, State and Local jurisdictions
- Preparation of Corporate income tax estimates/extensions on a timely basis
- Maintaining compliance responsibilities for Joint Venture partner's tax returns
- Review tax planning initiatives to determine impacts on worldwide tax provision
Qualifications for manager, income tax
- Established record of building profitable, sustainable client relationships with small- to mid-sized, growing businesses
- BS Degree in Accounting or a related field
- Masters of Taxation, preferred
- Minimum 2 years of recent experience in public accounting working with multiple clients
- Bachelor of Science in Accounting with CPA required
- Experience with ThomsonReuters OneSource Income Tax software is preferred
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Manager, Income Tax Job Description
Job Description Example
Our company is searching for experienced candidates for the position of manager, income tax. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for manager, income tax
- Manage state income tax compliance process
- Manage state income tax audits
- Support income tax team with federal and international income tax compliance, controversy and other projects, as needed
- Identify areas of opportunity in process/methodology and independently drive and champion change
- Ownership of specific income tax processes through the compliance and audit phases of tax life cycle
- Assists development of tax research and positions for routine tax issues
- Manages the tax process for state income, franchise, and gross receipts tax audits
- Develops, mentors, coaches and manages staff ensuring the development of employees through orientation, training, establishing objectives, communication of rules, and constructive discipline
- Monitors tax legislation and provides advice on tax issues
- Monitor and analyze state and federal income tax legislation, rulings and case law and determine impact on company’s tax filing positions, potential tax planning opportunities
Qualifications for manager, income tax
- Candidates must continuously build on their competence by staying current on trends and developments in state tax law
- State Income/Franchise Tax experience mandatory, and must be eager to work on a variety of SALT issues
- Experience with corporate state and multi-state income tax returns, with Texas Franchise Tax required
- Managing the state income/franchise tax compliance function--including reviewing quarterly state tax estimate/extension calculations, approving state income/franchise estimate/extension tax payments, and preparing and reviewing state income/franchise tax return calculations, separate entity tax forms, and combined or consolidated returns
- Managing state bonus depreciation adjustments
- Preparing provision relevant information for Corporate Accounting and completing provision to return analysis coincident with the state income/franchise return completion
4
Manager, Income Tax Job Description
Job Description Example
Our innovative and growing company is hiring for a manager, income tax. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for manager, income tax
- Lead compliance efforts with all tax accounting controls and documentation requirements for Sarbanes Oxley
- Assist with the preparation and review of all federal and state/local tax compliance requirements
- Play an important role in tax planning, including complex modeling, tax rate projections and implementation of strategic initiatives
- Develop and maintain critical relationships throughout the Company (including Treasury, Finance, Legal and Operations) to ensure Tax has a well-informed view of the business developments
- Assist with identifying and implementing domestic and international planning opportunities in an effort to minimize both GAAP and cash taxes
- Coordination of federal and state income/franchise tax audit
- Preparation of federal and state & local income and franchise tax compliance
- Preparation of federal and state & local extensions and estimated tax payments
- Assist with incorporation of international components into federal and state & local income and franchise tax returns
- Respond to federal, state and local tax notices and requests from tax authorities
Qualifications for manager, income tax
- Managing state income/franchise tax audits
- Assisting the Domestic Tax Director with identifying relevant federal issues that may impact state income tax compliance
- Researching, analyzing, and interpreting new or revised state/local tax law changes and evaluating organizational impact to create value for business units
- Timely resolution of correspondence and notices from state/local tax authorities
- Preparing and reviewing various state income/franchise tax research memorandums using RIA Checkpoint and other internet-based research tools
- Minimum 7 years of experience in state income/franchise tax compliance and audit support
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Manager, Income Tax Job Description
Job Description Example
Our growing company is looking to fill the role of manager, income tax. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for manager, income tax
- Manage global accounting for income taxes (ASC 740)
- Partner with other members of the Tax team to fulfill these responsibilities
- Ensure proper application of federal and state tax law as part of the company's tax compliance processes
- Assist with special projects as necessary (Transfer Pricing, R&D, various tax credits)
- Develop a comprehensive understanding of the contracted deliverables
- Proactively participate in strategic planning for procurement initiatives
- Establish and refine the program scope business requirements to document best practices and all changes to SOW
- Implement and manage strategies through State income tax planning, research and analysis to minimize and reduce the Company’s overall state tax burden (both cash and effective tax rate) in all 50 states and local jurisdictions
- Manage the relationship with the state income tax auditors
- Responsible for oversight and review of state and local income tax and franchise tax returns, extensions, estimates and related reports to ensure Company compliance with tax laws and regulations
Qualifications for manager, income tax
- Prior experience with researching state income/franchise tax matters
- Experience with leading or supporting audits from tax authorities
- Advanced computer skills in Microsoft Office and Adobe products
- Bachelor's degree in accounting or advanced degree
- CPA or JD strongly desired
- 6-7 years of experience in federal tax compliance and audit support