Income Tax Accounting Manager

Quaker Houghton • Conshohocken, PA

2d

About The Position

The Tax Manager will be a key contributor to the corporate tax organization of Quaker Houghton and will be responsible for supporting the team with the accounting of income taxes for both the consolidated group as well as foreign business units, ensuring full compliance with Sarbanes-Oxley (SOX) requirements, ASC 740, and external auditor expectations.

Requirements

• Accounting for income taxes for both the consolidated group as well as foreign business units
• Ensuring full compliance with Sarbanes-Oxley (SOX) requirements, ASC 740, and external auditor expectations
• Submission and review process for quarterly and annual US and Foreign tax packages
• Accurate and proper classification of current and deferred tax account balances of global subsidiaries
• Resolution of income tax accounting issues
• SOX internal controls compliance and reporting in the area of income tax accounting
• Development of audit ready files to support the audit of the Company’s tax provision
• Assistance and coordination with IRS/state/foreign tax audit matters
• Preparation of tax footnotes including supporting schedules, as well as other financial statement disclosures
• Preparation of consolidated return and other tax filings for federal, state and U.S. international income tax compliance
• Measurement of and accounting for uncertain tax positions
• Determining the Company’s APB23 assertion
• Analysis and documentation of the need for valuation allowances for global subsidiaries including sensitivity analysis and other analytics to assess the realizability of deferred tax assets
• Ability to communicate and explain positions to management and auditors
• Analysis of global tax attributes
• Participation in special projects such as section 382 studies, analysis of earnings and profits, stock basis calculations, and the research of technical accounting issues
• Research and monitor tax law changes throughout the world and the related financial statement implications including U.S. Tax Reform and related regulations issued by the U.S. Treasury and the state taxing authorities
• Preparation of technical memoranda documenting analysis and conclusions
• Coordination, supervision or review of the activity of outside service providers relating to income tax provision and/or income tax compliance matters
• Collaboration with finance, treasury, and other functional teams to align data flow requirements that effectively meet global reporting and compliance requirements
• Support special projects including due diligence for acquisitions and purchase accounting
• Provide information and support for tax planning

Responsibilities

• Manage the submission and review process for quarterly and annual US and Foreign tax packages.
• Assist the team to ensure that the current and deferred tax account balances of our global subsidiaries are accurately stated and properly classified through quarterly and annual review and validation of their income tax reporting and resolution of income tax accounting issues, as well as coordinated training if/where needed.
• Assist the team in managing SOX internal controls compliance and reporting in the area of income tax accounting, and with the development of audit ready files to support the audit of the Company’s tax provision; and provide assistance and coordination with IRS/state/foreign tax audit matters, as needed.
• Assist with the preparation of tax footnotes including supporting schedules, as well as other financial statement disclosures.
• Assist in the preparation of consolidated return and other tax filings for federal, state and U.S. international income tax compliance as well as the compliance requirements for other business units as necessary.
• Review/assist in the measurement of and accounting for uncertain tax positions.
• Review/assist in determining the Company’s APB23 assertion.
• Analyze and document the need for valuation allowances for global subsidiaries including sensitivity analysis and other analytics to assess the realizability of deferred tax assets and the ability to communicate and explain these positions to management and auditors.
• Analyze global tax attributes while actively participating in special projects such as section 382 studies, analysis of earnings and profits, stock basis calculations, and the research of technical accounting issues.
• Research and monitor tax law changes throughout the world and the related financial statement implications including U.S. Tax Reform and related regulations issued by the U.S. Treasury and the state taxing authorities.
• As needed, prepare technical memoranda documenting analysis and conclusions.
• Coordinate, supervise or review the activity of outside service providers relating to income tax provision and/or income tax compliance matters.
• Collaborate with finance, treasury, and other functional teams, e.g., to align data flow requirements that effectively meet global reporting and compliance requirements.
• Support special projects including due diligence for acquisitions and purchase accounting, and provide information and support for tax planning, as needed.

Benefits

• Competitive pay programs with excellent career growth trajectory
• Paid time off for volunteerism
• Dress for your day; how you dress is determined by what your day may bring
• Opportunity to participate in comprehensive benefit options including: Medical, Dental, Vision, Parental Leave, Holiday Pay, Paid Time Off, Tuition Reimbursement, and Savings Plan
• Work for a global leader in the industrial process fluids industry

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Education Level: No Education Listed