Associate Finance Director - Tax

M&T Bank•Buffalo, NY

1d•Onsite

About The Position

Reporting to the Tax Director, the Associate Tax Director is responsible for leading all aspects of the global ASC 740 function, as well as consolidated federal tax return reporting, forecasting of cash tax payments, managing IRS and various state examinations, and coordinating tax planning. This role involves identifying and mitigating tax-related risks and challenges, monitoring pending tax legislation, and analyzing its potential impact on the company’s planning and business strategies. The Associate Tax Director will work with senior and executive managers across Finance, Legal, and Business lines, and participate in the development and implementation of Tax/Finance department goals. They will contribute to strategic decisions with an in-depth knowledge of multiple divisions and industry/competitor strategies. Additionally, this role includes coaching and developing team members for sustainable bench-strength and resource planning, and exercising usual managerial authority concerning staffing, performance appraisals, promotions, salary recommendations, performance management, and terminations. The position requires adherence to the Company’s risk and regulatory standards, policies, and controls, and the design, implementation, maintenance, and enhancement of internal controls to mitigate risk. Identifying risk-related issues needing escalation to management and promoting an environment that supports belonging and reflects the M&T Bank brand are also key aspects. Maintaining M&T internal control standards, including timely implementation of internal and external audit points and addressing issues raised by external regulators, is expected. The role also includes completing other related duties as assigned.

Requirements

Bachelor’s degree and a minimum 11 years’ experience in Finance, Business or a related field with 4 years’ managerial experience or in lieu of a degree, a combined minimum of 15 years’ higher education and/or work experience with 4 years’ managerial experience
Strong analytical ability and creative problem-solving skills, including knowledge, and application of GAAP
Excellent communication skills, both written and verbal
Demonstrated ability to manage multiple tasks and competing priorities
Strong interpersonal skills and maturity to build relationships and interact from a business as well as a technical standpoint
In-depth knowledge of the banking industry and related generally accepted accounting principles

Nice To Haves

Advanced degree in Accounting/Taxation
CPA certifications
In-depth knowledge on federal, state, local tax laws and compliance; high proficiency in corporate tax return preparation and research, including multi-state taxation
Strong working knowledge of U.S. tax law including the Tax Cuts and Jobs Act, Inflation Reduction Act and OBBB
Knowledge of Low-Income Housing Tax, Investment Tax Credits and New Market Tax Credit Investments
Thorough knowledge of the financial services industry
Experience leading a team of tax professionals and interacting with service providers

Responsibilities

Identify and mitigate tax-related risks and challenges
Monitor pending tax legislation and analyze potential impact on the company’s planning and business strategies
Work with senior and executive managers across Finance, legal and Business lines
Participate in the development and implementation of Tax/Finance department goals, contributing to strategic decisions with an in-depth knowledge of multiple divisions as well as industry/competitor strategies
Coach and develop team members for a sustainable bench-strength and resource planning
Exercise usual authority of a manager concerning staffing, performance appraisals, promotions, salary recommendations, performance management and terminations.
Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite.
Design, implement, maintain and enhance internal controls to mitigate risk on an ongoing basis.
Identify risk-related issues needing escalation to management.
Promote an environment that supports belonging and reflects the M&T Bank brand.
Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
Complete other related duties as assigned.