Tax Manager, US Domestic Income Tax

Location

Wilmington, DE | United States

Job description

Requisition  ID : 497441

Job Description

At IFF, an industry leader in food, beverage, health, biosciences and sensorial experiences, science and creativity meet to create essential solutions for a better world – from global icons to unexpected innovations and experiences. With the beauty of art and the precision of science, we are an international collective of thinkers who partners with customers to bring scents, tastes, experiences, ingredients, and solutions for products the world craves. Together, we will #DoMoreGood for people and planet. Learn more at iff.com.

The Tax Manager will play a key role in assisting the Sr. Manager - Federal Tax Compliance in running all aspects of the U.S. Domestic Income Tax Compliance function. 

Essential Duties and Responsibilities:

Income Tax Compliance and Audit –

• Manage all aspects of domestic income tax compliance including preparation of book to tax workpapers, tax account reconciliations, and quarterly estimates/extension payment calculations.
• Review consolidated and subsidiary income tax returns, accompanying forms and schedules prepared by external firm.
• Gather and analyze key data for various international tax calculations under TCJA (BEAT, FDII, GILTI, 163J) used for both compliance and provision purposes.
• Assist with IRS CAP compliance audit documentation as well as research and resolve various tax compliance notices.

Financial Reporting – 

• Have a working knowledge of ASC 740 and collaborate with Tax Accounting team to support income tax reporting and SEC filing as needed.
• Prepare and review components of the Company’s consolidated quarterly and annual income tax provision calculations as they pertain to US domestic subsidiaries. 
• Manage return to provision analysis, tax basis balance sheet validation and assisting Tax Accounting team with analyzing results.

Tax Planning and Other –

• Provide support to Tax Planning team with due diligence requests around mergers, acquisitions, divestitures, and reorganizations. Assist with preparation of opening balance sheet adjustments, gain/loss summaries and other tax impacts of such transactions.
• Conduct tax research and support the development and implementation of strategic tax planning for various tax minimization efforts such as US R&D Tax Credits.
• Prepare quarterly and annual cash tax forecast used by Treasury and FP&A.
• Proactively identify and implement process improvements around the tax function that drive automation and efficiencies.
  

Job Requirements

Basic Qualifications:

• Bachelors degree in Accounting or Finance
• 5+ years of experience focused on U.S. corporate income tax compliance with a public accounting firm and/or large multinational corporation tax department. 
• Strong knowledge of U.S. corporate income tax compliance and working knowledge of ASC 740 income tax provision. 
• Communication and collaboration skills are a must. This role will require ongoing communication with a wide variety of stakeholders. You will need to be able to communicate tax to non-tax teams.
• Demonstrated teamwork, interpersonal, and relationship management skills are required.
• Experience in computer skills utilizing MS office suite and data analytics software such as Alteryx or Power BI.

Preferred Experience:

• Educational background with a focus on tax (MS in Taxation and/or CPA are preferred)
• Experience managing projects and processes involving external advisors, auditors, finance and business teams.
• Working knowledge of ERP and reporting software systems such as SAP, BPC, Central Finance or Oracle.
• Working knowledge of tax compliance and provision software such as OneSource or Corptax

Hybrid work options available

We are a global leader in taste, scent and nutrition, offering our customers a broader range of natural solutions and accelerating our growth strategy. At IFF, we believe that your uniqueness unleashes our potential. We value the diverse mosaic of the ethnicity, national origin, race, age, sex or veteran status. We strive for an inclusive workplace that allows each of our colleagues to bring their authentic self to work regardless of their religion, gender identity & expression, sexual orientation, or disability.

Visit IFF.com/careers/workplace-diversity-and-inclusion to learn more.

Job tags

Salary