Under the direction of Executive Director, Global Tax Treasury and Risk Management or Federal Tax Manager, prepare and analyze tax records and reports. Prepare and review state and local tax returns. Prepare claims for state tax refunds. Prepare the annual state income tax provision for income taxes, including all requirements of FIN 48 and FAS 5. Maintain tax records and participate or prepare tax studies and assignments as delegated by management. Provide in-house state and local tax guidance to SWF business decision makers, as required. Assist in the annual insurance binding process and handle day to day insurance requests that are delegated from the Executive Director, Global Tax Treasury and Risk Management
Tax Return Preparation
*Assist in the preparation and filing of all income tax returns for the company.
*Prepare quarterly federal and international tax estimates and payments.
*Assist in the coordination of tax audits of the company.
*Monitor escheat report filings.
*Oversee the outsourcing of the sales/use tax returns
Insurance Binding Process and Day to Day Administration
*Assist in the accumulation of insured values used for the binding of Springs insurance policies
*Assist in the administration of requests received for Certificates of Insurance
*Assist in other tasks related to Risk Management that are delegated from time to time
Budget and Accounting Support
*Assist with the calculation of state deferred tax assets and liabilities on the balance sheet in accordance with the requirements of FAS 109 and FIN 48
*Assist with the calculation of state tax liabilities on the balance sheet.
*Prepare the quarterly and annual provision for state income tax.
*Calculate the ongoing state tax accrual rate to be used each month.
*Monitor level of State FIN 48 and FAS 5 reserve needs based on current risk.
*Provide state tax accrual rates for budget and recast (stub period) purposes.
*Provide balance sheet activity for state tax assets and liabilities for budget and recast purposes.
*Assist with transfer pricing decisions to minimize tax exposure.
*Participate on teams, as required, to ensure tax and risk management exposures are addressed in new and existing ventures undertaken by the company.
*Provide guidance to key decision makers on tax opportunities to reduce the tax costs of the company or minimize tax risk profile of the company.
Legacy Springs Industries Support
*Monitor ongoing tax implications of Springs Industries and its assets and liabilities.
*Assist in the preparation and filing of all appropriate tax returns for Springs Industries.
*Prepare any quarterly estimates and required payments.
Integrates quality at the source thinking and activities in daily, individual, team and project work. (Applies to all job duties 100%)
*Utilizes quality/process tools and methodology in daily individual work
*Utilizes quality/process tools and methodology on teams
*Defines and documents individual processes within sphere of control
*Ensures that others are trained as back-ups on (processes) within the area/department
*Improves processes within sphere of control
*Identifies waste and rework and enacts plan to improve/solve
*Checks satisfaction of internal customers through use of quality tools and Customer/Supplier metrics
*Coordinates process improvements throughout SWF to minimize ongoing state and local tax exposures through proper collection of data for the filing and remittance to taxes on an ongoing basis.
*Improves processes, as required, related to all state tax filings and payment.
Education and Experience
*Bachelor’s Degree in Business, Accounting or Finance from accredited university that is nationally recognized for its accounting program.
*4-8 years of state tax filing accounting experience with a top 20 international CPA firm or in multistate corporate setting for a corporation with annual sales of at least $400,000,000 or combination of both.
Knowledge, Skills, and Abilities
*Some exposure to basic risk management processes.
*Passed CPA exam.
*Worked in SALT area at supervisory level
*Uses project plan and project schedule methodology
*Clearly defines and utilizes processes in daily work
*Looks for innovative ways to streamline work processes across the division and involves stakeholders
*Establishes forums to share best practices
*Uses dept and company scorecard and other metrics
*Measures own work to plan and reports out at a micro and macro level