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Senior Manager, Tax

Company: Brother USA
Location: Bridgewater
Posted on: May 15, 2022

Job Description:

Let's Grow TogetherOur mission is to live our "at your side" promise and simplify and enrich the lives of our customers, employees, and communities. "At your side" is more than a slogan to us; it's the purpose we do our best to fulfill every day. With a legacy spanning over a century, this is a great place to launch or expand any career and push the boundaries of what comes next. We're committed to achieving shared success, and we provide opportunities for you to develop through experience, exposure and education. Our people have always leveraged their unique perspectives to keep us on the right track for a lasting future. If you want to innovate, learn, and grow with a global leader that builds products, services, and a company people love, then we'll be "at your side" every step of the way.The Senior Manager, Tax manages the Company's tax matters, including U.S. and international tax planning, tax compliance, tax accounting, and operational issues. This role ensures timely and accurate compliance with all tax regulations; manages all aspects of the tax accounting process; manages tax audits; manages international tax issues, including transfer pricing and U.S. taxes on international activity, while minimizing tax liability and mitigating tax risk. These responsibilities are accomplished by managing individual contributors, consultation with third-party consultants, and hands-on work.

The role assists senior management with developing and managing the implementation of tax strategies, keeping abreast of new developments in tax legislation, and informing management of new legislative developments and their impact on the Company. This role partners with and advises business leaders as the Company grows and enters new markets, managing tax risk while promoting business opportunities. This role develops and maintains relationships locally and globally with the parent company and subsidiaries. In addition, this role also collaborates with other tax professionals in indirect tax matters, including sales & use tax, property tax, and payroll taxes.Duties and ResponsibilitiesManagement of Income and Franchise Tax Matters

  • Manage workflow management, tax department staff supervision, consultation with third-party consultants, and original preparation
  • Manage the Federal and state income and franchise tax compliance, including understanding US Federal and state regulations, including Subpart F income (Sub-F), global intangible low-taxed income (GILTI), Foreign-derived intangible income (FDII), and Base Erosion and Anti-Abuse Tax (BEAT)
  • Calculate earnings and profits (E&P) and tested income for six foreign subsidiaries controlled by foreign corporations (CFCs)
  • Manage all aspects of the tax accounting process, including quarterly and annual review and preparation of separate and consolidated provisions of US and foreign subsidiaries under International Financial Reporting Standards (IFRS), including technical accounting issue research and analysis, memorandums, and footnote disclosures for financial statements
  • Reconcile tax accounts and analyze effective tax rates
  • Implement, maintain and update appropriate, accurate systems for federal and state compliance, including software, Tax Departmental policies, and procedures
  • Manage the Advanced Pricing Agreement application, reporting process, monitoring of results, and strategies for maintaining profit within the agreed-upon range
  • Complete projects for management as needed, including setting appropriate goals, establishing written plans, and monitoring project status
  • Assist in establishing appropriate responses to tax issues and requests
  • Review and ensure tax documents from foreign vendors are complete and valid
  • Ensure domestic companies are in good status with various Secretary of State officesCollaboration, Advisement, and Continuous Learning of Tax Laws
    • Build key relationships with colleagues in financial accounting to understand the transactions executed and any significant operating activities to ensure proper tax accounting treatment
    • Acquire and maintain a detailed understanding of the Brother's business and its subsidiaries and tax implications of current business and changes as they occur
    • Work closely and proactively to develop good working relationships with Finance/Accounting teams locally and globally with the parent company and subsidiaries
    • Inform management of the impact of audit adjustments in a timely manner
    • Assist in the determination of proper tax accounting treatment for various transaction
    • Assist in various base erosion and profit shifting (BEPS) issues as required by subsidiaries or the Japanese parent
    • Partner with and advise leaders throughout the organization to understand business opportunities, advise on tax implications and manage tax risk while supporting business needs
    • Keep abreast of new developments in tax legislation and regularly inform management of new legislative developments and the impact on Brother
    • Work with Sales and Use Tax colleagues in providing US indirect tax advice and planning opportunities to business units
    • Assist the Sales and Use Tax colleagues in day-to-day activities of sales and use, property tax, and unclaimed property tax compliance and manage associated audits
    • Assist Payroll Department with payroll tax issuesReview and Analyze Processes and Procedures
      • Review and analyze data to support income and franchise tax calculations
      • Review all estimated and extension payments and filings
      • Finalize and complete the resolution process for tax notices with various federal, state, and local governmental agencies
      • Manage Audits to minimize tax liability and exposures: respond to federal and state audit requests, compile information, and ascertain the impact of any audit adjustments
      • Maintain a log of audit adjustment and their impact on the financial statements
      • Assess audit findings and make any necessary changes to minimize future exposures and adjustments
      • Analyze and research issues related to global tax planning initiatives, cross-border transactions, transfer pricing, and foreign withholdingQualificationsEducation
        • Bachelor's Degree (or equivalent experience) in Tax, Accounting, or Finance
        • Master's Degree Tax, Accounting, or Finance PreferredExperienceMinimum 8 years
          • Experience working in Corporate Tax within a large US company, consolidated Federal Tax return preparation, and multi-state preparation
          • Experience with Federal and State audit exposure
          • Experience with US Consolidated tax provision under IFRSMinimum 5 years -Experience working within a Leadership/managerial role in a corporate tax departmentMinimum 2 years -Experience working Big 4 or medium-size CPA firmLicenses and CertificationsCPA - Certified Public AccountantSoftware/Technical Skills
            • US Corporate Federal and State Income Tax regulations; U.S. taxation of foreign source income (International tax)
            • MS Office Suite (Outlook, Word, Excel, PowerPoint)
            • CorpTax software system
            • Knowledge of U.S. indirect taxes preferred.Other Skills/Knowledge/Abilities
              • Strong attention to detail, deadlines, and reporting; excellent organizational skills; self-starter with the ability to manage multiple priorities and deadlines efficiently
              • Strong verbal communications skills and the ability to effectively interact with colleagues at all levels; ability to explain the business outcome of complex tax issues in a simple and easy-to-understand manner
              • Strong business acumen, analytical skills, ability to prioritize, interpersonal skills, problem-solving ability, strong presentation, budgeting, project management & planning skills
              • Ability to problem solve and work independently
              • Ability to train and mentor; team player with a positive attitude
              • Solid understanding/knowledge and application of mathematical conceptsThis role will be a hybrid role. Subject to business needs, employees may work remotely up to two days per week. Assigned office days will be determined by managers#LI-HybridBrother International Corporation has earned its reputation as a premier provider of home office and business products, home appliances for the sewing and crafting enthusiast as well as industrial solutions that revolutionize the way we live and work. Brother International Corporation is a wholly-owned subsidiary of Brother Industries Ltd. With worldwide sales exceeding $6 billion, this global manufacturer was started more than 100 years ago. Bridgewater, New Jersey is the corporate headquarters for Brother in the Americas. It has fully integrated sales, marketing services, manufacturing, research and development capabilities located in the U.S. In addition to its headquarters, Brother has facilities in California, Illinois and Tennessee, as well as subsidiaries in Canada, Brazil, Chile, Argentina, Peru and Mexico. For more information, visit International Corporation ("Brother") is an equal opportunity employer and does not discriminate or make employment decisions on the basis of race, color, religion, sex, disability, or any other characteristic protected by applicable state or federal laws. If you require any physical or other assistance in completing this application, a reasonable accommodation will be made upon request.

Keywords: Brother USA, Trenton , Senior Manager, Tax, Accounting, Auditing , Bridgewater, New Jersey

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