The Senior Director of Tax Accounting and Process Improvement will be a member of the senior leadership team reporting directly to the Vice President of Tax. This position will provide both strategic tax leadership and supervision in the preparation of the income tax provision in accordance with ASC 740 for the Tax Department. The position will be responsible for all matters related to tax accounting, and completing and maintaining the quarterly and annual tax provision for Quest. The Senior Director of Tax Accounting is also responsible for reflecting all tax planning and law changes in the Company’s cash tax position and effective tax rate. The position will also be responsible for leading and implementing process improvements and technology updates to ensure the tax accounting function operates as best in class.
The ideal candidate will need to be a proven business partner who can understand the business and how changes in the business should be appropriately reflected in the tax provision. They will need to be an experienced professional who has broad, global and state and local tax experience and can work under tight deadlines during the close process with minimal errors/rework. This position will develop collaborative working relationships across the Company and function as a liaison with key business groups, the C-Suite and the finance leadership team.
Responsibilities:
- Oversee and lead inter-period tax provision and allocation under ASC 740 (fka FAS 109 and FIN 48) standards, recording of temporary and permanent differences in income for financial and tax purposes and the maintenance of deferred tax calculations for domestic and international operations.
- Reconciliation and validation of income tax accounts (P&L) and balance sheet tax accounts, including various income tax disclosures.
- Obtain an end-to-end understanding of Quest’s income tax accounting and reporting process and dependencies, and drive improvement where necessary.
- Lead and manage internal control environment for documentation areas and processes, including SOX 404 activities and documentation.
- Ensure all process steps meet required standard and timelines.
- Liaise with the relevant stakeholders internally and externally for all income tax accounting matters.
- Execute continuous improvement and efficiency with tax accounting processes. Coach and develop the team to drive process improvement.
- Supervise a team of 3 people who assist with the preparation of the tax provision each quarter.
- Ensure best practices are employed to efficiently gather, use, document and maintain the supporting tax documentation in line with applicable law and regulations.
- Provide tax accounting expertise and impacts for any planning and compliance issues that arise.
- Direct tax accounting and financial disclosures for the quarterly and annual ASC 740 process across the organization, including maintenance of the SOX 404 compliance and communications with the external auditors and internal audit team.
- Conduct quarterly and monthly meetings with auditors.
- Prepare annual footnote and ABP 23 position documentation.
- Prepare annual and quarterly memorandum to document any key positions for the provision.
- Lead and present tax accounting positions in cross functional monthly and quarterly touchpoint meetings.
- Work closely and collaboratively with the CAO and Accounting department to ensure alignment during the close process.
- Identify tax risk areas and work with other functional areas to ensure appropriate steps are taken to minimize tax risk.
- Play an integral role in building a results-oriented tax function to ensure that Tax Department goals are achieved through the development of professional staff and foster a collaborative, team-based work environment which provides supervision and development opportunities for professional tax staff.
- Maintain strong relationships with external auditor and advisors. Interface with outside tax consultants in the exchange of information on tax issues.
Qualifications:- 15+ years progressive strategic tax experience within a large multinational corporate tax department handling complex federal, state and international tax issues and analysis.
- Big Four Accounting Experience a must.
- Supervisory experience required.
Preferred Work Experience:Experience with TCRS a plus
Knowledge:Experience with and comprehensive understanding of complex tax accounting matters.
Skills:- Excellent analytical, technical and tax accounting/technology skills with proficiency in US GAAP, tax compliance and corporate consolidation returns, consolidated federal returns and combined state tax returns.
- Excellent management and leadership skills and demonstrated success in leading, developing and mentoring a group of tax professionals
- Demonstrated understanding of the business implications of key actions and decisions as they relate to tax accounting.
- Ability to handle and manage change in a proactive way: a strong team player who generates enthusiasm, collaboration, credibility and commitment.
- Must have excellent tax research, written and verbal communication skills, financial and business acumen, and keen analytical skills.
EDUCATION:Bachelor’s Degree (Required)
Master’s Degree
LICENSE/CERTIFICATIONS:Certified Public Accountant (CPA)
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