Manager, Compliance and Tax Reporting

The Bradford Exchange • Niles, IL

6h • $119,000 - $150,000 • Hybrid

About The Position

Impassioned…Emboldened…Infinitely Curious: The Bradford Group family of brands is a world leader in new product development. We have been selling joy for over 50 years! Our global organization consists of business divisions ranging from jewelry, apparel, collectible coins, home decor to holiday and so much more. We concept, create, design and market our creative products directly to our customers, and leverage licenses with the biggest names in entertainment and sports to bring unique and curated products to our customers across the globe. We are looking for a Manager of Compliance & Tax Reporting who will be responsible for preparation of US income taxes (Federal and State returns), coordination of tax audits ( Federal and state income tax audits as well as US and Canada sales tax audits), tax planning and research, and coordination with advisors company tax matters, and other governmental reporting requirements (census, surveys, etc.). Will also be a liaison on international tax issues that impact the corporate/parent structure. Serves as a resource to Accounting and other departments by implementing new procedures or as a "troubleshooter" to resolve tax related issues. These issues may involve modification of procedures to more accurately reflect the results of regulatory audits, changes in assessment requirements or auditing of internal procedures. Many initiatives are a team effort involving individuals within Accounting, Legal, Purchasing, outside legal counsel or tax advisors.

Requirements

• Bachelor’s degree in accounting.
• Minimum 6+ years progressive accounting experience. Minimum 3+ years experience in tax/audit including corporate tax returns (specifically Sub S)
• Knowledge of generally accepted accounting rules, practices, tax laws, and reporting requirements.
• Must be familiar with regulations at the federal, state, and local level.
• Ability to communicate (written and verbal) in a professional manner when dealing with employees, vendors and company contacts.
• Must be PC proficient with experience in Microsoft Word, Excel, Power Point, mainframe applications, etc.

Responsibilities

• Preparation and filing of combined federal 1120S, 1042S, 1099 INT, 1099 OID, Form 945 for The Bradford Group companies.
• Prepare and review supporting workpapers including M-1 adjustments, foreign source income, 5471, and 8858 for Foreign subsidiaries.
• Coordinate preparation, review and filing of extensions and returns with external tax accountants.
• Establish tax reporting policies and solve new or unusual issues with external tax advisors (e.g. Unicap, CTA on foreign branch closures).
• State returns and extensions including Illinois unitary return for the Bradford Group.
• Amend prior year federal and state returns, if needed.
• Manage workflow, training and development of staff member.
• Coordinate tax audits
• Monitor nexus and state rules impacting filing requirements and implement new filings as required.
• Determine statutory requirements and exemptions. Establish procedures for vendors, purchasing departments and Accounting to minimize our tax liability and ensure that taxes are properly remitted.
• Coordinate audits and government inquiries
• Work with Financial Reporting to revise tax compliance procedures based on results of audits/inquiries or change in business practices
• Liaison with tax authorities, outside legal counsel, accounting firms and in-house Legal Dept. to identify and resolve potential exposure to sales taxes.
• Ensure that we properly self-assess tax on purchases
• Communicate with purchasing departments to ensure that our purchases qualify for all available exemptions:IL temporary storage and expanded temporary storage exemptions and IL software exemption.
• Review vendors' requests for sales tax exemptions (IL and FL). Determine which exemptions, if any, are applicable and provide vendors with required certificates.
• Other compliance matters (corporate annual reports, census reporting, annual bank secrecy reporting).
• Fixed asset accounting (GAAP and Tax).
• Work with Accounting, Legal, Purchasing and outside counsel to ensure that operational and accounting procedures are consistent with internal and external requirements.
• Reorganizations, transfer pricing reviews, system related updates, and other special projects as assigned.

Benefits

• We offer a competitive compensation plan and great benefits, with some benefits starting from day 1!
• Employee Stock Ownership Plan (ESOP) which allows you to not only derive the benefits of working as an employee at The Bradford Group, but also gain the benefits of being an owner.
• We offer a Professional Development Program, a Mentor Program, and LinkedIn Learning to our teams as well as additional hands-on training and development.
• Whether it’s offering hybrid environment (onsite/remote) for our corporate staff, to a generous, front-loaded PTO and holiday package to all staff and corporate wellness initiatives such as health fairs and an onsite fitness center, we are committed to our team members well-being.
• New hires start with 16 days of PTO and 8 paid holidays per year.
• We have a Business Casual Work Environment, Health and Dental Insurance, Vision, Life Insurance, Disability Insurance, Paid Time Off (PTO), Direct Deposit, Credit Union, Flexible Spending Accounts, Health Savings Accounts, Employee Assistance Program, Employee Referral Bonus Program, 401(k), Profit Sharing, Tuition Reimbursement, Toastmaster’s memberships, a Peer Recognition Program, Product Discounts and more!

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Number of Employees: 251-500 employees