Tax Manager

Under the direction of the Tax Director, the Tax Manager will play a critical role by providing support for the tax function of a publicly traded financial institution that includes multi-state corporations and partnerships with business operations in banking, insurance, and real estate. You will be part of the TowneBank Accounting department based in Suffolk, VA.

Responsibilities

• Supports the ASC 740 tax provision process, including book/tax difference calculations, deferred tax inventory, internal and external SEC reporting.
• Manages the US federal and state income tax and franchise tax compliance process, including reviewing corporate and partnership tax returns, support workpapers, state apportionment, and quarterly estimate payments.
• Manages compliance with internal controls, policies, and procedures to ensure accuracy of financial information.
• Maintains the tax calendar to ensure compliance with all deadlines.
• Identifies tax compliance process improvement initiatives to efficiently transfer tax data between financial accounting and tax applications.
• Monitors fixed asset activity and reviews for compliance with IRS MACRS depreciation guidelines.
• Coordinates audits and queries received from tax authorities, researches, and prepares responses as appropriate.
• Supports the maintenance of records management of all filings and other tax compliance activities, including audit responses.
• Researches income tax issues and communicates conclusions and recommendations to management through written technical memos.
• Analyzes data and information to provide taxation insights and recommendations related to returns, re-assessments, and objections.
• Provides specialized consulting, analytical, and technical support to other departments and business lines.
• Works independently, handles non-routine situations, and keeps abreast of relevant US federal and state income tax law changes.
• Adheres to applicable federal laws, rules, and regulations, including those related to Anti-Money Laundering (AML) and the Bank Secrecy Act (BSA).
• Other duties as assigned.

Requirements

• 5 to 7 years of experience with US federal and state income tax compliance and ASC 740 Accounting for Income Taxes.
• Bachelor’s or advanced degree in Accounting, Tax, or related field.
• Ability to balance multiple priorities simultaneously, adapt to changing business needs, and meet deadlines.
• Proficiency with Microsoft Office, specifically Excel, and Windows operating environment.
• Knowledge of tax research techniques and tax research software.
• Strong analytical, problem-solving, and research skills.
• Excellent verbal and written communication skills.
• Strong attention to detail and time management skills.
• Ability to work over 40 hours per week during peak times.
• Build and maintain relationships, internally and externally.

Preferred Qualifications

• Professional certification – Certified Public Accountant (CPA).
• Public accounting experience.

Physical Requirements

• Express or exchange ideas by means of the spoken word via email and verbally.
• Exert up to 10 pounds of force occasionally, use arms and legs, and sit most of the time.
• Close visual acuity to perform activities such as analyzing data, viewing a computer terminal, reading, and preparing documentation.
• Not substantially exposed to adverse environmental conditions.

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential responsibilities of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential responsibilities.

Pay

The good-faith compensation range for this role is $110,000 to $150,000, based on the role, market, internal equity, and candidate qualifications.