Manager, US Federal and State Tax Reporting (East Hanover, NJ)

Job Description Summary

The Manager, US Federal and State Tax Reporting is based out of our East Hanover, NJ office. This person will be responsible for supporting and managing the execution of US tax reporting on the various dimensions of US federal and state tax. In addition, this role will also support the tax function in compliance and planning activities when needed. The role is key in driving the strategic direction of an inclusive, globally integrated, finance based and functionally connected US tax organization, covering end-to-end all relevant aspects of US tax.

 

Job Description

Your Key Responsibilities:

• Preparation, review, and/or management of the income tax accounting process. This includes profit before tax analysis, payable reconciliations, current and deferred income tax provision calculations, effective tax rate, income tax reserves, valuation allowance analyses, attribute roll forwards, and return to provision calculations.
• Preparation, review, and/or management of the US federal and state ETR calculation and overall tax quarterly provision process and forecast. Preparation and/or review with monthly general ledger tax account reconciliations and the preparation and/or review of related journal entries. Assist with responses and support for financial statement audits.  
• Identify, research, and document positions as they relate to the tax accounting implications of new accounting pronouncements, changes in tax law, business transactions and other activities in order to ensure the proper application of IAS 12 guidance.
• Preparation and/or review income tax returns, including the proforma returns of assigned subsidiaries.
• Preparation, review and/or management of estimate and extension calculations, filings, and process.

• Preparation, review, and/or management of the Sarbanes Oxley (‘SOX’) tax processes. This includes working with external and internal auditors to provide support related to income tax accounting, as well as maintaining tax internal controls to ensure that the Company is compliant with the requirements and procedures established under
• Assist with M&A due diligence and reporting analysis. This includes identifying, researching and analyzing tax accounting issues.
• Work and collaborate with tax team members on various special projects such as research and development tax credit studies, analysis of intercompany transactions, implications of acquisitions / divestments, FDII and other credits and incentives.
• Assist with responses in support of the tax notices and audits in various US jurisdictions. Perform research (factual and technical) to assist with tax audits.
• Assist with other tax projects and compliance, as needed.
• Support the continuous development of a finance / accounting based tax organization with analytical orientation prepared for internal and external needs and challenges. Ensure close collaboration with business stakeholders locally and globally.
• Maintain up-to-date knowledge of US income tax law changes.
• Work with direct managers to support financial activities, decision making and general projects.
• Responsible for preparing (e.g. analysis) or reporting with particular emphasis on accuracy, compliance and timeliness of data provided.

Note: This is a hybrid role. The candidate will be required to work onsite 12 days a month at our East Hanover, NJ office.

Essential Requirements:

• Bachelor’s degree required
• 5+ years experience with income tax accounting and income tax compliance
• Proficiency in Microsoft applications (e.g. Excel. Word, SharePoint, etc.)
• Team player with strong communication skills, able to work in a collaborative environment
• Strong analytical and organizational skills; detail oriented.
• Experience in applying problem-solving methods to identify and address issues
• Ability to handle highly sensitive material appropriately and maintain confidentiality

Desirable Requirements:

• Degree subject area in Accounting and/or CPA preferred. Masters degree in Tax preferred.
• Experience in a large public accounting firm and/or large public company corporate tax department.
• ONESOURCE (e.g. OIT, OTP) and Alteryx experience

Why Novartis: Helping people with disease and their families takes more than innovative science. It takes a community of smart, passionate people like you. Collaborating, supporting and inspiring each other. Combining to achieve breakthroughs that change patients’ lives. Ready to create a brighter future together? https://www.novartis.com/about/strategy/people-and-culture

Benefits and Rewards: Read our handbook to learn abou