Manager - U.S. State Tax

The Timken Company • North Canton, OH

1d

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 position reports directly to the U.S. Sr. Manager Tax Operations and requires a thorough understanding of multistate taxes. The manager oversees compliance for U.S. state income and franchise taxes, sales and use taxes, and property and real estate taxes. The role calls for strong technical and interpersonal skills, sound judgment and decision-making, and the ability to explain complex tax concepts in a meaningful, useful way to non-tax professionals.

The State Tax Manager leads compliance, tax provision and accrual activities; manages state tax audits; supports tax planning; and identifies risks in tax operations and financial reporting. The manager works with internal Tax team members, the Bangalore shared services team, and third-party providers, and uses tax technology tools to enhance compliance and reporting processes.

Requirements

• Bachelor’s degree in Accounting or Finance and at least 10 years of corporate tax experience in industry and/or public accounting; alternatively, a Master’s degree in Tax, Accounting, or Finance, or an MBA, and at least 8 years of corporate tax experience.
• Technical knowledge of and experience with U.S. multinational entities.
• Experience with U.S. GAAP ASC 740 and SEC regulations.
• Experience with software such as SAP and OneSource.
• 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 and cross-functional groups.
• Ability to lead and mentor staff.
• Strong work ethic and integrity.
• Ability to travel as necessary, less than 5%.

Nice To Haves

• CPA or MST.

Responsibilities

• Lead U.S. state tax compliance and estimated payments, managing outsourcing relationships, assigning tasks, setting timetables, and reviewing work for compliance with state tax laws.
• Oversee compliance for income tax, including Ohio CAT, property tax, and sales and use tax; prepare complex returns and state apportionment data, annual reports, and business licenses; monitor tax credits and attributes; and respond to state inquiries.
• Lead preparation of quarterly and annual U.S. state 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, prepare supporting journal entries, and review reconciliations for proper financial statement reporting.
• Manage state income, property, and sales and use tax audits by coordinating responses to information document requests and facilitating communications.
• Summarize audit status and decision points for the Vice President Tax and other Tax team members, and assist with developing and executing audit defense strategies.
• Assist with implementing state tax planning strategies to minimize cash and earnings impacts of tax expense, coordinating tax consequences of operations and business structuring with the Vice President Tax and the Tax team.
• Help identify key risks in tax operations related to compliance and financial reporting; identify and evaluate 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager