Federal Income Tax-Senior Manager

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At Verizon, we are building a world-class Tax organization. We have begun a comprehensive program to streamline processes, enhance systems, realign the organization and add opportunities for personal skill-building and professional growth. We're finding new ways to add value and provide strategic support. At Verizon, you can become a catalyst for change. This Federal Income Tax Sr. Manager position offers opportunities to build your career, while growing your leadership and interpersonal skills.

What you'll be doing...

Responsibilities:

Federal Partnership Compliance

• Lead the adoption of an insourcing model for the Federal partnership income tax compliance function by finalizing any OneSource (OIT) setup requirements, creating newly designed, entity-specific workpapers to support the Form 1065, and developing an instruction guide to train and develop other staff members.

• Work with internal teams to gather necessary data such as trial balances, audit adjustments, and Schedule M adjustments and ensure all items are properly loaded and presented on the returns.

• Review federal book-to-tax adjustments to ensure proper classification and presentation on the federal tax return.

• Assist with the preparation and review of the partnership returns (Form 1065) and all related schedules.

• Leverage OneSource (OIT) skillset to assist with ongoing administrative functions and troubleshooting from both and 1120 and 1065 perspective.

• Compile taxable income information from both internal and external investments for inclusion in the consolidated 1120 and provide the related M3 support.

Federal Tax Calculations, Analysis, and Financial Reporting (ASC 740)

• Review federal tax calculations and adjustments (non-fixed asset) across the entire income tax lifecycle, including forecasts, tax provision, tax return, return-to-provision reconciliation, cumulative deferred proof, and audit support.

• Review federal tax calculations and adjustments to determine their financial statement impact under ASC 740, including the deferred tax balance.

• Analyze, calculate, and support complex federal tax positions, including pension and benefits adjustments, Section 163(j), and CAMT for both quarterly and year-end tax provision processes.

Tax Credits and Incentives

• Partner with our third-party provider to drive the completion of the R&D Credit study by:

  • Increasing overall awareness and working with the business to gather surveys and contemporaneous documentation.

  • Scheduling and participating in meetings alongside our third-party provider.

  • Using the resulting Qualified Research Expenses (QREs) to calculate the credit.

• Oversee the preparation of all internally-prepared federal credits and ensure they are properly reflected in OneSource (OIT).

State and Local Tax Compliance

• Review complex state partnership and corporate income tax returns and associated workpapers.

Research, Strategy, Systems, and Coordination

• Research & Strategy

  • Research and analyze a wide range of federal tax positions and prepare memorandums to ensure proper documentation is maintained to substantiate tax positions upon audit.

  • Provide support and IDR responses for the Federal Audit team as needed

  • Work with the tax planning team to identify and implement tax planning strategies to minimize cash taxes and the effective tax rate.

• Coordination & Process Management

  • Coordinate with other Senior Managers and Associate Directors as necessary to ensure the accuracy and efficiency of all federal tax processes.

  • Develop and maintain relationships with various internal teams, including Tax Policy, Treasury, and FP&A, to gain compliance, accounting, and reporting efficiencies.

  • Streamline and optimize tax processes through the use of various digital finance tools, including Alteryx, AI and other technologies.

What we're looking for...

You'll need to have:

• Bachelor's degree or four or more years of work experience.

• Six or more years of relevant work experience required, demonstrated through one or a combination of work and/or military experience, or specialized training.

• Bachelor's degree in Accounting and 6 or more years of federal partnership income tax experience.

• Solid data management and automation skills required; experience with Alteryx, AI or other digital tools.

• Experience with Microsoft Office and Google Workspace

• Significant experience with OneSource Income Tax and/or OneSource Tax Provision

• Federal tax credit experience, primarily with the R&D Credit

Even better if you have one or more of the following:

• A CPA, Masters of Tax or Masters of Accounting.

• Strong interpersonal and leadership skills with proven ability to work with individuals at all levels in a team environment.

• Ability to independently challenge the status-quo, when needed, while at the same time being supportive and solution-based.

• An ability to navigate and negotiate through conflicting demands to maintain focus on priority objectives while ensuring key stakeholders' needs are met.

• Ability to lead groups, build consensus, and communicate effectively with all levels of personnel within and outside the organization.

• Strong team leadership, communication, interpersonal and management skills with an executive presence and ability to build relationships with stakeholders in peer/influence models.

• Effective time management, multitasking and prioritization skills with the ability to be a dynamic team player.

If Verizon and this role sound like a fit for you, we encourage you to apply even if you don't meet every "even better" qualification listed above.

Verizon is an equal opportunity employer. We evaluate qualified applicants without regard to veteran status, disability or other legally protected characteristics.

Our benefits are designed to help you move forward in your career, and in areas of your life outside of Verizon. From health and wellness benefit options including: medical, dental, vision, short and long term disability, basic life insurance, supplemental life insurance, AD&D insurance, identity theft protection, pet insurance and group home & auto insurance. We also offer a matched 401(k) savings plan, up to 8 company paid holidays per year and up to 6 personal days per year, paid parental leave, adoption assistance and tuition assistance, plus other incentives, we've got you covered with our award-winning total rewards package. Depending on the role, employees have the opportunity to receive compensation in the form of premium pay such as overtime, shift differential, holiday pay, allowances, etc. Newly hired employees receive up to 15 days of vacation per year, which grows with additional service. For part-timers, your coverage will vary as you may be eligible for some of these benefits depending on your individual circumstances.