Corporate Tax Senior Manager

Language Fluency: English (Required)

Work Shift:

1st shift (United States of America)

Job Grade:

111

Please review the following job description:

Highly experienced tax professional with specialized knowledge and expertise in Accounting for Income Taxes (ASC 740). Manage the income tax accounting and reporting functions under ASC 740, ensuring the provision for income taxes is accurate, tax accounts on the balance sheet are properly stated, and all related financial and regulatory reporting disclosures are accurately and timely reported. Support the Federal Reserve Stress Tests and Capital Planning exercises.
Manage business relationship with Accounting for Income Tax Managed Service team and perform high quality review of deliverables. Provide thought leadership with comprehensive knowledge within the most complex tax disciplines, crossing multiple areas of specialization.
Engage with Tax senior management and business partners, advising on the impact of tax issues and changes.

Essential duties and responsibilities

Essential duties and responsibilities for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.  
  
1.    Actively coordinate with Managed Services team and perform review of monthly and quarterly income tax provisions, effective tax rate for forecasting and financial reporting purposes, tax account reconciliations, and financial reporting disclosures deliverables.
2.    Support the income tax provision and deferred tax asset reporting for Federal Reserve Stress Tests and Capital Planning exercises and review deliverables from Managed Services team.
3.    Monitor and ensure compliance with internal controls over the income tax reporting processes (Sarbanes Oxley compliance) and manage audit of controls by internal and external auditors.
4.    Lead tax accounting process improvements, documentation of policies and procedures and support implementation of tax strategies.
5.    Research, analyze and resolve the most complex tax issues, applying a thorough understanding of relevant tax law and tax and regulatory accounting principles and concepts.

6. Document and communicate solutions (both verbally and in writing) to tax and non-tax professionals at various levels within the organization.
7.    Supervise the maintenance of accounting for income tax records necessary for proper Generally Accepted Accounting Principles (GAAP) financial statement presentation.
8.    Resolve the most complex issues leveraging strong and broad relationships throughout the enterprise.
9.    Engage with business partners to analyze the tax implications of proposed and existing business transactions, identifying and researching solutions, and appropriately communicating conclusions.
10.  Identify and analyze tax planning opportunities.

Required qualifications 

The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

1.    Bachelor's degree and CPA.
2.    7 years of professional experience including Big 4 or large corporate tax experience or an equivalent combination of education and experience.
3.    4 years of reviewing moderate to complex tax returns and leading teams.
4.    Advanced understanding of principles, practices, theories and/or methodologies associated with the tax discipline, including knowledge of tax return software.
5.    Strong computer skills in Excel and other Microsoft products.
6.    Strong verbal and written communication skills.
7.    Advanced analytical skills and tax research skills and the ability to solve complex technical and business problems.
8.    Strong attention to detail.
9.    Ability to exercise judgement in solving technical, operational, and organizational challenges in the context of business objectives and priorities.
10.  Ability to work independently, with guidance in only the most complex and unusual situations.

Preferred qualifications

1.   12 years of Big 4 or large corporate tax experience or an equivalent combination of education and experience.
2.    Advanced degree in Taxation (MS or JD/LLM). 
3.    Banking or financial services taxation experience.
4.    Experience with OneSource Tax Provision software.
 

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.