Director of Tax
Valvoline Global Operations · Lexington, KY · 2 wk ago
AccountingFull-time
Key Responsibilities
- Manage, review, and coordinate the Company’s worldwide income tax compliance, including:
- Supervise global tax service providers and internal teams to validate data accuracy, reconcile tax balances, and ensure adherence to corporate tax policies.
- Lead and oversee global income tax compliance processes across all regions to ensure accurate, timely, and complete filing in accordance with local requirements.
- Carefully coordinate with Regional finance teams and external advisors to review, approve, and submit corporate income tax returns, filings, and all compliance obligations.
- Manage and provide strategic oversight for tax audits as they arise.
- Direct and manage the Company’s worldwide income tax provision, including:
- Overall responsibility for quarterly and annual reporting calculations and financial statement disclosures under ASC 740/ IFRS standards.
- Oversee foreign income tax reporting.
- Maintain SOX control compliance and proactive input in the design and implementation of changes to the controls framework to drive optimization.
- Monitor, analyze, and report changes to US and foreign tax laws and regulations to determine the financial statement impact.
- Network and collaborate with worldwide finance organizations to continually plan and improve the quarterly and annual reporting processes and implement any process improvements.
- Oversight and augmentation of procedures around identification and documentation of necessary valuation allowances and/or uncertain tax positions worldwide.
- Continue to drive efficiencies in the worldwide processes to reduce timelines while maintaining the reliability/integrity of work products.
- Drive the management and development of VGO’s worldwide tax department as a world-class organization, effective in demonstrating good faith, timely reporting to all applicable jurisdictions, while continuing to optimize the Company’s overall tax profile.
- Responsible for the identification, development, and implementation of tax planning opportunities to continue to optimize both the Company’s worldwide effective tax rate and cash tax outlay.
- Assist with planning, structuring, and reporting of acquisitions and divestitures, including, among other things, modeling of the tax implications of a transaction, financing, purchase accounting, and/or 338 elections.
- Identify process and efficiency improvement opportunities, including but not limited to the use of technology for data collection and analysis.
Requirements
- Bachelor's Degree in Accounting/Finance
- Minimum of 10-15 years of income tax experience managing and developing a diverse group of tax professionals
- Expertise in complex federal and international tax concepts applicable to corporations
- Experienced manager/reviewer of ASC 740 preparation and analysis
- Significant experience in managing and preparing income tax returns both in the US and abroad.
- US state and local tax experience.
- Experience with tax research software, i.e., CCH, BNA, etc.
- Experience with tax compliance and provision software (specifically the ONESOURCE Tax suite of products)
- SAP skills a plus as well
- Strong MS Excel skills
- Strong analytical and problem-solving skills
- Strong project management skills
- Effective oral and written communication skills
- Ability to work independently and as part of a team