Senior Manager, Operating Tax

Company Description

Fortune Brands Innovations, Inc. is an industry-leading innovation company focused on creating smarter, safer and more beautiful homes and improving lives. Our driving purpose is that we elevate every life by transforming spaces into havens. We believe our work and our brands can have incredibly positive impacts for not just our business and shareholders, but for people and the planet, too. When you join Fortune Brands, you become part of a high-performing team who are empowered to think big, learn fast and make bold decisions. We support an inclusive and diverse culture where everyone is encouraged and empowered to be their authentic selves, and where our differences and unique perspectives are a key strength. Explore life at Fortune Brands here

Job Description

The Sr. Manager – Operating Tax (Property and Sales/Use) works directly with the Director – Operating Tax and supports the Company’s Operating Tax planning, compliance, and audits. Supports, maintains and oversight of Operating Tax return compliance including monthly, sales/use and property tax returns, audits initiated by state and local jurisdictions, financial reporting requirements, as well as GAAP and SOX requirements associated with ASC450. This may include an outsourcing engagement for various compliance functions.

POSITION LOCATION: This position is eligible for a hybrid schedule based in Deerfield, IL. On-site required Tuesday-Thursday. 

RESPONSIBILITIES:

· Support the development, implementation, and maintenance of planning to minimize and reduce the overall Operating Tax burden. Participate in the development of restructuring planning to ensure the Company operates in the most tax efficient structure for Operating Tax purposes.

· Manage all Operating Tax planning, research, and analysis for United States and Canadian taxes. Monitor legislative developments in applicable areas of tax law to determine the impact on the Company.

· Monitor developments in applicable areas of the tax law to determine the impact from an Operating Tax perspective. Engage as appropriate in advocating policy change with taxing jurisdictions to lower the tax burden for the Company.

· Oversee the management of all Property and Sales/Use tax compliance including returns, assessments, and tax payments and the integration of new legal entities, acquisitions and corporate transactions into tax filings and processes.

· Develop and implement practices and procedures for efficient collection of information and preparation of Operating Tax returns including development of new processes to meet changing tax law requirements. Assess and apply technology and system solutions to tax processes and information needs. Develop a seamless and efficient process for providing information to outsource providers and/or Tax Software.

· Manage all accounting for Operating Taxes to include account reconciliations and SOX compliance. This could include the oversight of work performed by internal tax and/or the Global Controllership team.

· Manage processes to ensure timely recognition and financial reporting of period specific Operating Tax events including research and documentation of the Company’s tax positions. Processes include quarterly evaluations of legislative developments, transactions, business initiatives, tax planning and ASC 450.

· Manage the relationship with the Operating Tax auditors. Conduct and control the Company’s examinations including oversight of the collection of data in response to information requests, defend the Company’s tax positions and work with all auditors/agents. Manage all Operating Tax notices and

responses. Negotiate with the states on tax, penalties, and interest assessments in order to minimize the Company’s liabilities.

· Partner with the Business on corporate initiatives to plan and structure operations and to ensure the Company is engaged in tax planning and strategy development for minimizing property and sales/use tax expense and exposure.

· Manage, train, and develop the Managers/Sr. Tax Analysts/Consultants working in this area and provide collaborative support to all Sr. Tax Managers.

Qualifications

BASIC QUALIFICATIONS:

· Bachelor's degree in Accounting, Management, or Finance

· 7-10 years of experience in Operating Taxes in a work environment dealing with large corporate tax affairs.

· In-depth knowledge of operating tax laws and regulations, with experience managing compliance across multiple jurisdictions

PREFERRED QUALIFICATIONS:

· Strong technical knowledge of Operating Tax, including an ability to effectively research and document technical positions.

· Strong and effective project, time, and resource management skills as well as sound busin