Manager, State Income Tax

J.M. Smucker Co•Cleveland, OH

8d•Hybrid

About The Position

Your Role as the Manager, State Income Tax Lead our Company’s domestic state and local income tax activities, including: compliance, planning, audit defense, and income tax accounting. Ensure accurate and timely filing of all state and local income and franchise tax returns, calculation of state income tax expense (current and deferred), and monitors the Company’s state tax and nexus footprint. Location: Orville, OH Work Arrangements: hybrid, 35% in office expectation In this role you will:

Requirements

Bachelor’s degree in Accounting, Finance, or related field
6+ years of progressive experience in state and local taxation
Strong technical knowledge of state and local income/franchise tax laws, regulations, and compliance requirement
Working knowledge of federal corporate income tax matters
Experience with tax provision (ASC 740) and tax provision / compliance software (e.g., OneSource, Oracle Tax Provision Cloud Solution)
Excellent analytical, communication, and leadership skills
Ability to manage multiple priorities in a dynamic environment, and enthusiasm for flowing to new and interesting project work
Proficient in driving intra-team and cross-functional collaboration with internal teams (at all levels of the organization) in Finance, HR, Legal, and Operations
Strong project management, staff development, and process improvement skills, with a demonstrated enthusiasm for continuous improvement across multiple processes and activities (inclusive of technology optimization)
Proficient in advanced Microsoft Excel features.
Very strong attention to detail and focus on accuracy and timeliness of work

Nice To Haves

CPA or MST
Experience in a multi-state corporate tax department with a complex legal entity structure (public company) and/or Big Four public accounting firm
Familiarity with indirect taxes (e.g., sales/use, property)

Responsibilities

State and Local Tax Operations Lead the preparation, review, and timely filing of all state and local income and franchise tax returns (including extensions and estimated payments), including effectively managing in-house resources and external co-sourcing providers, appropriately leveraging and optimizing the use of tax compliance software and technology tools.
Support the preparation and review of certain aspects of the overall federal compliance process, as appropriate.
Ensure compliance with all applicable state and local tax laws and regulations.
Support the interim/quarterly/annual state tax provision process in accordance with ASC 740 to ensure accurate reporting in the Company’s financial statements and related disclosures, including: forecasting annual state effective tax rate and state-specific discrete effective tax rate items, and reviewing state general ledger account reconciliations.
Effectively execute internal controls over the financial reporting of state and local taxes on a quarterly and annual basis.
Provide insight and support, and prepare timely responses, for tax authority queries and notices on an ongoing basis.
Audit & Controversy Management Lead the defense of state and local tax audits, including managing information requests, coordinating responses, and negotiating settlements.
Maintain documentation and support for tax positions taken on returns, including conducting ad hoc tax research and preparing technical memoranda to support state and local tax positions.
State Tax Footprint Monitoring & Planning In partnership with Tax, Finance, and Operations partners, monitor the Company’s state tax nexus footprint, including economic and physical presence.
In partnership with Tax leadership, oversee the Company’s domestic legal entity structure and intercompany transactions, including the appropriateness of taxable profits earned by each entity (in accordance with transfer pricing principles).
Monitor legislative / regulatory developments and judicial proceedings affecting state and local taxation.
Evaluate and implement tax planning strategies to minimize state tax liabilities and support business initiatives.
Collaborate with business units and shared services functions to assess and manage state tax exposure related to new markets, facilities, and operations, or business changes within (may require occasional travel to various business sites).
Support Tax department deliverables for strategic business transactions, including mergers, acquisitions, plant and distribution optimizations, reorganizations, and business process/systems integrations (primarily from a state tax perspective).
Represent the Company at continuing professional education sessions for state tax practitioners (may require occasional travel).
People Management Directly manage and develop a team of 1 to 3 tax professionals, providing ongoing coaching, performance feedback, and career development, and indirectly mentor/coach approximately 3-5 other tax department members.