Analyst II/Sr. Analyst, Income Tax

CarMax • Richmond, VA

2d • Hybrid

About The Position

The Income Tax Analyst II/Sr. Analyst will play a critical role in the Company’s income tax compliance process, ensuring that the Company complies with federal, state, and local laws. This position will assist with the preparation of the federal tax return and will be responsible for preparing complex state and local income/franchise tax returns. In addition, this position will lead tax fixed asset projects and the tax depreciation calculation. This position will be pivotal in process improvement initiatives to enhance the income tax compliance process. The Analyst II/Sr. Analyst will report to the Income Tax Compliance Manager and will work closely with the Income Tax Provision team and other corporate teams to drive results. The purpose of this role is to work closely with other Income Tax Department team members to ensure that the Company meets its income tax compliance obligations in accordance with federal, state and local tax laws. This role will have to build and maintain strong relationships throughout the organization and with external consultants. The successful candidate will possess a process improvement mindset, continually identifying and implementing enhancements to the income tax compliance process, and be able to consistently meet deadlines and achieve objectives in a fast-paced and dynamic environment.

Requirements

• Bachelor’s Degree in Accounting or Finance
• Four or more years of income tax experience at a public accounting firm or in a corporate tax department
• Advanced federal and state income tax technical skills, specifically in the areas of compliance and audits
• Tax depreciation experience
• Strong accounting skills
• Self-motivated with strong planning and execution skills
• Ability to conduct root cause analysis, determine possible solutions, and present to management
• Ability to express opinions and innovative ideas and willingness to challenge others and the status quo appropriately
• Computer skills: Microsoft Office (Excel, Word, and PowerPoint) required
• Applicants must be currently authorized to work in the United States on a full-time basis.

Nice To Haves

• MS in Accounting or Taxation preferred (MS in Accounting or Taxation is required if Bachelor’s Degree is in a major other than Accounting or Finance)
• CPA preferred
• R&D tax credit experience preferred
• Oracle and OneSource Tax experience preferred

Responsibilities

• Assist with the preparation of the federal tax return and prepare complex state and local income/franchise tax returns
• Lead the tax depreciation calculation and work closely with external consultants on fixed asset projects, including cost segregation studies
• Analyze Company leases to determine the proper tax treatment
• Work closely with external consultants to analyze annual research and development (“R&D”) expenses and activities for tax credit purposes
• Lead federal and state audits and resolve notices
• Monitor federal, state, and local tax legislation changes
• Research and document complex tax issues, as well as present recommendations to management

Benefits

• CarMax is recognized for our commitment to training and diversity and is one of the FORTUNE 100 Best Companies to Work For®
• CarMax is committed to bringing together people from different backgrounds and perspectives, providing employees with a safe, welcoming, and inclusive work environment.
• CarMax is an equal opportunity employer, and all qualified candidates will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, genetic information, national origin, protected veteran status, disability status, or any other characteristic protected by law.
• Upon an applicant's request, CarMax will consider reasonable accommodation to complete the CarMax Job Application .

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level