JOB SUMMARYThe Senior Manager, Corporate Tax has leadership responsibility for all income tax related matters. The Senior Manager, Corporate Tax will report to the Vice President of Tax & Treasury. This position is a people leader and oversees all income tax areas, including the tax provision process, federal and state income tax compliance, tax forecasting and planning, and the tax integration of new businesses and acquisitions. This position leads and develops members of the income tax team and interacts with government auditors, external financial statement auditors, internal cross-functional stakeholders, external investors, and C-Suite level personnel. The ideal candidate thrives in a dynamic environment, is highly detail-oriented, is a strategic thinker, and can operationalize income tax processes for a complex, multi-state business.
CORE JOB DUTIES - Oversee and approve the quarterly and annual income tax provision under US GAAP principles
- Manage overall process including coordination with in-house and external resources.
- Ensure accuracy and completeness of the current and deferred income tax reporting process, including tax account balance reconciliations, tax basis balance sheet adjustments, valuation allowance analyses, and deferred tax asset/liability rollforwards
- Review uncertain tax positions, while working in conjunction with advisors on legal and regulatory changes
- Prepare and review technical income tax provision research and build documentation.
- Responsible for disclosures for quarterly and annual public filing requirements, including monitoring and planning for changes to technical requirements.
- Approve quarterly tax accounting journal entries and ensure appropriate review and sign-off
- Review tax account reconciliations are maintained correctly in Blackline or similar software.
- Work closely with corporate accounting team to ensure proper tax reporting under US GAAP principles, including presenting tax point of view at various quarterly financial reporting coordination meetings.
- Interface directly with external audit firm, Including assistance with any data requests or technical questions.
- Tax compliance oversight, research, and planning. In conjunction with the main tax compliance team:
- Overall oversight for preparation and review of annual US federal, state and local, and foreign income tax return filings. This includes federal Forms 1120, 1065, 5471, 5472 and related state income tax forms.
- Coordination with both internal staff and outsourcing firms.
- Ensure the quality and accuracy of workpapers, schedules, calculations and other items related to federal tax return filings, estimated tax payments, extension payments, and tax sharing agreements.
- Partner with Treasury and Financial Planning & Analysis leadership to lead tax forecasting, cash tax planning, and effective tax rate management.
- Direct the research and analysis of complex tax issues, and review and approve memorandums documenting the appropriate tax treatment and related tax reporting.
- Oversee external facing reports for investors and partners and present tax matters to investors and senior leadership as needed.
- Support the income tax team's work related to tax audit and notice processes with the IRS and relevant state and local taxing jurisdictions, ensuring the team is effectively managing the following:
- Coordination with federal and SALT auditors for IDRs to ensure the company responds on a timely basis.
- Compilation of IDR responses with income tax staff, outsourcing firm and cross functional groups. Review compiled information. Ensure responses are provided by agreed to delivery date.
- Preparation of technical research for IDR responses or review research prepared by other parties.
- Ensure team tracks and reviews tax exposures as issues are developed
- Partner with the Vice President of Tax & Treasury to develop and execute tax strategy, including tax planning opportunities and risk management.
- Oversee research of indirect tax filing requirements and coordinate with advisors as needed.
- Collaborate with the Vice President of Tax to lead, mentor, and develop the income tax team, including setting priorities, assigning and managing workload, conducting performance reviews, and building a talent pipeline.
- Processes and controls
- Lead the implementation of tax technology initiatives.
- Design changes and maintain the tax internal control framework, and partner with internal audit and accounting on SOX and control testing.
- Lead tax due diligence, structuring, and integration of new businesses and acquisitions
- Drive continuous improvement of processes and procedures as the company expands in both new and established markets
- Lead special projects, including legal entity restructuring and rationalization.
- Work cross functionally with company departments and external partners and serve as a trusted tax advisor to senior leadership.
REQUIRED EXPERIENCE, EDUCATION AND SKILLS - Bachelor's degree in accounting or business degree with accounting concentration
- Advanced degree and/or credentials preferred: MST, MAcc, LLM, or CPA
- 8+ years tax experience (public accounting or relevant corporate tax experience required) including at least:
- 8+ years of federal and state corporate and partnership income tax compliance experience; and
- 5+ years of tax provision experience (ASC 740)
- 3+ years of experience managing and developing tax professionals
- Experience in manufacturing organization preferred
- OneSource Tax Provision or comparable software experience required
- Experience with financial accounting systems required
- Advanced proficiency in MS Excel and MS Office required
- Ability to research complex tax issues, work within a team environment to identify solutions, and communicate recommendations in a clear and timely manner.
- Ability to work in a highly regulated, evolving, and multi-entity environment with complex tax structures.
- Ability to effectively communicate with cross-functional company departments and external participants
- Excellent analytical skills, attention to detail, and ability to synthesize data into actionable insights.
- Ability to work independently in a highly organized manner
In accordance with any local and state compensation laws, the compensation listed is the current estimated range for the position. Final offer details and future compensation may be determined by multiple factors including but not limited to, geographic location, market compensation data, skills, experience, and other relevant factors. For questions about this please discuss with your recruiter during the interview process.
Pay Range
$145,000-$165,000 USD
BENEFITSCresco Labs is proud to offer eligible employees a robust offering of benefits including, major medical, dental and vision insurance, a 401(K)-match program, FSA/HSA programs, LTD/STD options, life insurance and AD&D. We also offer eligible employees paid holidays and paid time off. Other rewards may include annual discretionary bonuses, stock options as well as participation in our employee discount program. Benefits eligibility for permanent positions may vary by full-time or part-time roles, location, or position.
ADDITIONAL REQUIREMENTS- Must be 21 years of age or older to apply
- Must comply with all legal or company regulations for working in the industry
- The company does not offer employment-based visa sponsorship for this role or any other position, now or in the future. Applicants must be legally authorized to work in the United States on a permanent basis without the need for current or future sponsorship at any time.
