Manager - U.S. State Tax

The Timken Company•North Canton, OH

About The Position

Timken is seeking a highly motivated, detail-oriented State Tax Manager to lead most aspects of the company’s U.S. state and local tax matters. The role reports to the U.S. Senior Manager, Tax Operations and requires a thorough understanding of multistate taxes. The manager oversees compliance with U.S. state income and franchise tax, sales and use tax, and property and real estate tax requirements. The role calls for strong technical and interpersonal skills, sound judgment and decision-making, and the ability to explain complex tax concepts to non-tax professionals. The manager leads state tax compliance, estimated payments, tax provision preparation, accruals, audits, and tax-planning support. The role manages shared-services and third-party provider relationships, reviews work, coordinates with the broader Tax team and company leaders, and improves compliance and reporting processes using tax technology. The position may require travel of less than 5%.

Requirements

Bachelor’s degree in Accounting or Finance and at least 10 years of corporate tax experience in industry and/or public accounting; or a master’s degree in Tax, Accounting, or Finance, or an MBA, and at least 8 years of such experience.
Corporate tax experience that includes technical knowledge of and experience with U.S. multinational entities.
Required experience with U.S. GAAP ASC 740 and SEC regulations.
Experience with software such as SAP and OneSource.
Thorough understanding of multistate taxes, including state income and franchise tax, sales and use tax, and property and real estate tax.
Strong technical, analytical, and tax research skills.
Ability to balance tax technical knowledge with practical application of tax rules.
Focus on process improvement and internal controls.
Excellent communication and relationship-building skills, including the ability to work with tax colleagues and teams across other functions.
Sound judgment and decision-making abilities and the ability to communicate complex tax concepts to non-tax professionals.
Strong work ethic and integrity.
Ability to travel as necessary, less than 5%.

Nice To Haves

CPA or MST preferred.

Responsibilities

Lead U.S. state tax compliance and estimated payments, managing the Bangalore shared-services team and third-party providers by assigning work, setting timetables, and reviewing deliverables.
Oversee state income tax compliance, including Ohio CAT, property tax, sales and use tax, complex tax returns, state apportionment data, annual reports, business licenses, tax credits and attributes, and responses to state inquiries.
Lead preparation of quarterly and annual U.S. state income tax provisions under ASC 740, including estimates of the state effective tax rate and deferred tax balances.
Lead preparation of state property tax, franchise tax, and sales and use tax accruals; analyze tax accounts and prepare supporting journal entries.
Review account reconciliations to ensure appropriate tax balances and activity are reported in the financial statements.
Manage state tax audits, coordinate responses to information document requests, and facilitate communications for income, property, and sales and use tax audits.
Summarize audit status and decision points for the Vice President of Tax and other Tax team members, and assist with developing and executing audit defense strategies.
Assist with implementing state tax-planning strategies to minimize the cash and earnings impact of tax expense, coordinating tax consequences of operations and business structuring with the Vice President of Tax and other Tax team members.
Help identify risks arising from tax operations that affect compliance and financial reporting.
Identify and evaluate tax-planning opportunities to reduce state tax liabilities; research, document, and conclude on tax matters.
Improve state tax compliance and reporting processes using tax technology tools such as SAP, OneSource, and Power BI.
Lead and mentor staff.