What are the responsibilities and job description for the Senior Income Tax Analyst position at Instacart?
About the Role
We are seeking a Senior Tax Analyst to join our Income Tax team. You will be responsible for preparing the US and state tax tax returns as well as supporting interim and annual tax provision, planning, and process improvements initiatives. This candidate should expect to work cross-functionally and collaboratively and manage multiple deliverables in a fast-paced environment. This position will report to the Senior Tax Manager.
About the Team
The Instacart Income Tax Team assumes responsibility for minimizing the Company's tax footprint through effective tax planning and risk management, while consistently ensuring we adhere to all compliance obligations. We are a group of dedicated and responsible individuals, who strive to achieve technical expertise in our functional area while remaining committed to partnership and collaboration to accomplish common goals.
About the Job
Primary responsibilities
Prepare US and state income tax return workpapers, including US taxation of foreign operations (GILTI/FDII/Subpart F), allocation and apportionment, and NOL reconciliation
Review federal and state returns prepared by external provider
Prepare federal and state estimated tax and extension payment calculations, ensuring timely and accurate submissions to tax authorities
Maintain and monitor tax calendar to ensure timely filing of all income tax filings and various business tax filings.
Provide support for tax audits including the preparation of responses to inquiries from tax authorities
Handle tax notices received from taxing authorities by reviewing and analyzing notices to determine required actions and deadlines
Secondary responsibilities
Provide support for interim and annual tax provision calculations, including ETR, deferred tax rollforward, and FIN48 and related financial statement disclosures in accordance with ASC 740
Support the tax accounting for stock based compensation under ASC 718
Support the quarter- and year-end close procedures, including the preparation of tax account reconciliations and tax forecasts.
Support SOX compliance through documentation and timely performance of controls
Support special projects, such as R&D tax credit studies, due diligence for M&A and international expansion, as needed
Support the evolution of the tax reporting function, tax technology tools, and technological enhancements
Conduct tax research to analyze the income tax implications of new tax legislations or new business initiatives, as needed
Assist with ad hoc requests and projects as necessary
About You
Minimum qualifications
3+ years of related tax experience, including at a Big 4 public accounting firm
Bachelor's or Master's Degree in Accounting or Finance (or equivalent)
Knowledge of US and state income tax laws and regulations related to multinational corporations
Proactive and resourceful team player with positive attitude and energy, close attention to detail
Ability to work in a dynamic high-performance environment with strong willingness to learn and grow
Excellent communication (verbal and written), financial and economic analysis skills
A self-leading mentality, embracing new technology, and actively seeking opportunities to automate existing processes and gain efficiencies, demonstrated knowledge of Excel formulas and pivot tables (including lookups, index/match, sumif functions)
Preferred qualifications
CPA/MS in Tax
Knowledge of provision for income taxes under ASC740 and tax accounting for stock based compensation under ASC718 a plus
Exposure to Section 174 and R&D Credit Studies a plus
Exposure to Onesource Tax Compliance a plus
Exposure to international tax issues (GILTI/FDII, Pillar 2) a plus
Knowledge of Oracle ERP, Google Suite a plus
Salary : $114,000 - $127,000