Senior Manager, Federal Income Tax

Role Overview

• Federal Partnership Compliance Lead the adoption of an insourcing model for the Federal partnership income tax compliance function by finalizing any OneSource (OIT) setup requirements, creating newly designed, entity-specific workpapers to support the Form 1065, and developing an instruction guide to train and develop other staff members.
• Work with internal teams to gather necessary data such as trial balances, audit adjustments, and Schedule M adjustments and ensure all items are properly loaded and presented on the returns.
• Review federal book-to-tax adjustments to ensure proper classification and presentation on the federal tax return.
• Assist with the preparation and review of the partnership returns (Form 1065) and all related schedules.
• Leverage OneSource (OIT) skillset to assist with ongoing administrative functions and troubleshooting from both and 1120 and 1065 perspective.
• Compile taxable income information from both internal and external investments for inclusion in the consolidated 1120 and provide the related M3 support.
• Review federal tax calculations and adjustments (non-fixed asset) across the entire income tax lifecycle, including forecasts, tax provision, tax return, return-to-provision reconciliation, cumulative deferred proof, and audit support.
• Review federal tax calculations and adjustments to determine their financial statement impact under ASC 740, including the deferred tax balance.
• Analyze, calculate, and support complex federal tax positions, including pension and benefits adjustments, Section 163(j), and CAMT for both quarterly and year-end tax provision processes.
• Partner with our third-party provider to drive the completion of the R&D Credit study by:
• Increasing overall awareness and working with the business to gather surveys and contemporaneous documentation.
• Scheduling and participating in meetings alongside our third-party provider.
• Using the resulting Qualified Research Expenses (QREs) to calculate the credit.
• Oversee the preparation of all internally-prepared federal credits and ensure they are properly reflected in OneSource (OIT).
• Review complex state partnership and corporate income tax returns and associated workpapers.
• Research and analyze a wide range of federal tax positions and prepare memorandums to ensure proper documentation is maintained to substantiate tax positions upon audit.
• Provide support and IDR responses for the Federal Audit team as needed.
• Work with the tax planning team to identify and implement tax planning strategies to minimize cash taxes and the effective tax rate.
• Coordinate with other Senior Managers and Associate Directors as necessary to ensure the accuracy and efficiency of all federal tax processes.
• Develop and maintain relationships with various internal teams, including Tax Policy, Treasury, and FP&A, to gain compliance, accounting, and reporting efficiencies.
• Streamline and optimize tax processes through the use of various digital finance tools, including Alteryx, AI and other technologies.

Requirements

• Bachelor’s degree or four or more years of work experience.
• Six or more years of relevant work experience required, demonstrated through one or a combination of work and/or military experience, or specialized training.
• Bachelor’s degree in Accounting and 6 or more years of federal partnership income tax experience.
• Solid data management and automation skills required; experience with Alteryx, AI or other digital tools.
• Experience with Microsoft Office and Google Workspace
• Significant experience with OneSource Income Tax and/or OneSource Tax Provision
• Federal tax credit experience, primarily with the R&D Credit.

Benefits

• health and wellness benefit options including: medical, dental, vision, short and long term disability, basic life insurance, supplemental life insurance, AD&D insurance, identity theft protection, pet insurance and group home & auto insurance.
• matched 401(k) savings plan
• up to 8 company paid holidays per year
• up to 6 personal days per year
• paid parental leave
• adoption assistance
• tuition assistance
• other incentives