Senior Manager, Income Tax

NextDecade•Houston, TX

About The Position

The Senior Manager, Income Tax is a key role responsible for income tax aspects of our enterprise. Our corporate parent is publicly traded and holds our project entities that are taxed as partnerships. This position will manage income tax planning, forecasting, accounting, and compliance. Subchapter K and ASC 740 will be the primary focal areas for this position. Currently, our most significant tax jurisdiction is U.S. federal with Texas and Singapore also part of our footprint. The partnership structures of our project companies are complex and are expected to grow in number as we transition from development to operations over the coming years. The Senior Manager, Income Tax will provide strategic guidance to leadership, manage external advisors, and ensure accurate, timely tax reporting. The position will also interface with the tax departments of project partners. This role requires technical expertise in U.S. partnership taxation, strong ASC 740 experience, and the ability to operate in a fastâ paced, growthâ oriented energy company.

Requirements

CPA, Masterâ s in Tax, or JD/LLM in Taxation preferred.
Combination of 8 - 10+ years of progressive U.S. income tax experience, including significant Subchapter K/partnership tax experience in public accounting and a large corporate tax department.
Deep knowledge of U.S. federal and partnership and corporate income tax accounting; strong expertise in ASC 740.
Experience with complex partnership structures.
Strong analytical, problemâ solving, and communication skills, with demonstrated ability to translate tax technical issues into business impacts.
Demonstrated ability to manage multiple priorities and meet deadlines in a dynamic environmenT.
Prior leadership experience managing teams and external advisors preferred.

Nice To Haves

Large capital projects in the energy or infrastructure sectors will be a plus.

Responsibilities

Manage preparation and review of U.S. federal and state partnership income tax returns (including Schedules Kâ 1) for complex partnerships (currently outsourced to Big 4 firm).
Manage preparation and review of estimated and final Schedule K-1s.
Design, implement, and maintain taxâ technical frameworks for Subchapter K allocations, including capital allocations, special allocations, Section 704(b) capital maintenance, and Section 704(c) layers.
Ensure accurate tracking and reporting of partner capital accounts, outside basis, and tax attributes (e.g., Section 163(j) carryforwards, Sections 381/382 limitations as applicable).
Advise on partnership agreement terms and amendments including distribution waterfalls, allocation provisions to align with commercial objectives, and tax optimization.
Analyze income tax consequences of capital contributions, distributions (cash and property), and liability allocations including Sections 731, 743(b), 754, and 708 transaction considerations.
Oversee quarterly and annual consolidated income tax provision processes (ASC 740), including current and deferred tax calculations, valuation allowances, and uncertain tax positions, for both partnership and corporate reporting entities.
Coordinate with the Controller and FP&A teams to ensure alignment between tax provision, financial statements, and forecasts, including the treatment of partnership â lookâ throughâ items and outside basis positions.
Review tax footnotes, disclosures, and related financial statement support to ensure compliance with U.S. GAAP and SEC requirements.
Develop and maintain processes, documentation, and internal controls over income tax reporting and forecasting.
Manage the preparation and review of the federal corporate income tax return of the consolidated group (currently outsourced to Big 4), in coordination with partnership filings.
Evaluate income tax implications of LNG project development, capital structure, financing, EPC contracts, joint ventures, and commercial LNG offtake agreements, with particular emphasis on how these items flow through partnership structures.
Analyze and implement taxâ efficient structures for new projects, capital raises, and other strategic transactions involving partnership and corporate entities.
Partner with Finance, Accounting, Commercial, Legal, Operations, and Project Controls teams to assess income tax and partnership implications of major business initiatives and commercial contracts.
Communicate complex partnership and income tax concepts to nonâ tax stakeholders in a clear, businessâ focused manner.
Manage external tax advisors, ensuring highâ quality, costâ effective delivery on partnership, corporate, and provision projects.
Maintain strong internal controls over income tax accounting and partnership tax processes and reporting.