Under the direction of the Tax Director, the Tax Manager will play a critical role by providing support for the tax function of a publicly traded, financial institution that includes multi-state corporations and partnerships with business operations in banking, insurance and real estate. You will be part of the TowneBank Accounting department based in Suffolk, VA.
The good-faith compensation range for this role is expected to be $110,000 to $150,000, based on the role, market, internal equity, and candidate qualifications.
Essential Responsibilities:- Supports the ASC 740 tax provision process, including book/tax difference calculations, deferred tax inventory, internal and external SEC reporting.
- Manage the US federal and state income tax and franchise tax compliance process. Compliance includes, reviewing corporate and partnership tax returns, support workpapers, state apportionment, and quarterly estimate payments.
- Manages compliance with internal controls, policies and procedures to ensure accuracy of financial information.
- Maintains the tax calendar to ensure compliance with all deadlines.
- Identify tax compliance process improvement initiatives to efficiently transfer tax data between financial accounting and tax applications.
- Monitor fixed asset activity and review for compliance with IRS MACRS depreciation guidelines.
- Coordinates audits and queries received from tax authorities, research and prepare responses as appropriate.
- Supports the maintenance of records management of all filings and other tax compliance activities including audit responses.
- Researches income tax issues and communicates conclusions and recommendations to management through written technical memos.
- Analyzes data and information to provide taxation insights and recommendations related to returns, re-assessments, objections etc.
- Provides specialized consulting, analytical and technical support to other departments and business lines.
- Highly motivated, works independently and regularly handles non-routine situations.
- Keep abreast of relevant US federal and state income tax law changes.
- Adheres to applicable federal laws, rules, and regulations including those related to Anti-Money Laundering (AML) and the Bank Secrecy Act (BSA).
- Other duties as assigned.
Minimum Required Skills & Competencies:- 5 to 7 years of experience with US federal and state income tax compliance and ASC 740 Accounting for Income taxes.
- Bachelor's or advanced degree in Accounting, Tax or related field
- Ability to balance multiple priorities simultaneously, with the ability to adapt to the changing needs of the business, while meeting deadlines.
- Proficiency with Microsoft Office, specifically Excel, and Windows operating environment.
- Knowledge of tax research techniques and tax research software
- Strong analytical, problem solving and research skills.
- Excellent verbal and written communication skills.
- Strong attention to detail and time management skills.
- Ability to work over 40 hours per week during peak times.
- Build and maintain relationships, internally and externally.
Desired Skills & Competencies: - Professional certification - Certified Public Accountant (CPA)
- Public accounting experience
Physical Requirements:- Express or exchange ideas by means of the spoken word via email and verbally.
- Exert up to 10 pounds of force occasionally, use your arms and legs, and sit most of the time.
- Have close visual acuity to perform activities such as analyzing data, viewing a computer terminal, reading, and preparing documentation.
- Not substantially exposed to adverse environmental conditions.
- The physical demands described here are representative of those that must be met by an employee to successfully perform the essential responsibilities of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential responsibilities
