Sr Manager, Income Tax Planning

Target • Brooklyn Park, MN

2d • $95,000 - $171,000 • Hybrid

About The Position

Working at Target means helping all families discover the joy of everyday life. We bring that vision to life through our values and culture. Learn more about Target here. Working within Tax, your mission will be to drive value-added work and support our core retail business goals. Our tax team focuses on all aspects of tax reporting including enhancing productivity and efficiency of core compliance through process and technology, monitoring tax risk and opportunities across all tax disciplines, engaging and educating Finance and the broader organization regarding tax considerations, and prioritizing team resources to support key work streams. As a Senior Manager of Income Tax, you will be responsible for various aspects of the federal income tax function. This role primarily leads the federal income tax planning and IRS audit management processes and supporting aspects of the provision, compliance, and forecasting tax matters. This includes managing various tax accounting methods such as inventory, Section 174, R&D tax credit, and other tax planning. You will also perform tax research and prepare technical memorandums and tax audit responses, resolve tax inquires and maintain strong relationships with taxing authorities to resolve tax matters efficiently. In this role, you will lead a team, either directly or indirectly, of tax experts and advisors and support the growth, development, and cross training of team members. You will develop and implement work plans and timelines to proactively prepare for peak workload demands and uphold best in class business control processes and tax documentation to be used for tax and financial statement audits. You will also monitor tax legislative changes (both proposed and enacted) in order to quantify and communicate the impact to Target. In this role, you will leverage your strong communication and problem solving skills while advising internal business partners of tax implications and considerations of new business initiatives and partner to create solutions that will help Target grow. Core responsibilities of this job are described within this job description. Job duties may change at any time due to business needs.

Requirements

• Four-year degree in Accounting, Finance or related business area or equivalent experience
• 6+ years of income tax experience with an accounting firm or equivalent experience in a large corporate tax department
• Strong understanding of US GAAP accounting principles
• Proven ability to effectively develop, manage, and inspire team members and work together as a team.
• Ability to investigate, strategize, and solve problems while working with ambiguity.
• Excellent written and verbal communication skills with experience advocating for tax matters both internally and with external auditors and government officials.

Nice To Haves

• Experience with OneSource Income Tax and Tax Provision, SAP or similar general ledger system, and data analytics tools such as Alteryx, PowerBI, DOMO or other analytics software is preferred.

Responsibilities

• Lead the federal income tax planning and IRS audit management processes and supporting aspects of the provision, compliance, and forecasting tax matters.
• Manage various tax accounting methods such as inventory, Section 174, R&D tax credit, and other tax planning.
• Perform tax research and prepare technical memorandums and tax audit responses
• Resolve tax inquires and maintain strong relationships with taxing authorities to resolve tax matters efficiently.
• Lead a team, either directly or indirectly, of tax experts and advisors and support the growth, development, and cross training of team members.
• Develop and implement work plans and timelines to proactively prepare for peak workload demands and uphold best in class business control processes and tax documentation to be used for tax and financial statement audits.
• Monitor tax legislative changes (both proposed and enacted) in order to quantify and communicate the impact to Target.
• Advise internal business partners of tax implications and considerations of new business initiatives and partner to create solutions that will help Target grow.

Benefits

• Target offers eligible team members and their dependents comprehensive health benefits and programs, which may include medical, vision, dental, life insurance and more, to help you and your family take care of your whole selves.
• Other benefits for eligible team members include 401(k), employee discount, short term disability, long term disability, paid sick leave, paid national holidays, and paid vacation.
• Find competitive benefits from financial and education to well-being and beyond at https://corporate.target.com/careers/benefits.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Number of Employees: 5,001-10,000 employees