VP, Tax

Salary Range $235,000 - $305,000*

Job Description:

Who We Are: 

Saks is a world-renowned luxury ecommerce destination. The company’s unique approach combines a focus on the digital customer experience with a strong connection to a network of extraordinary stores that extends that seamless experience into the real world.

On its website and app, Saks offers an unparalleled selection of curated merchandise across fashion for women and men, beauty, jewelry, home décor and more. In addition to the shopping experience, customers come to Saks for inspiring editorial content, access to digital stylists, lifestyle experiences and other world-class services. The company is currently in the midst of a dramatic expansion, driven by significant enhancements to its platforms and offerings, with the goal of becoming the preeminent destination for luxury internationally.

Role Description:

•Strategically develop, mentor and guide members of the company’s Tax Department

•Lead all Tax Department responsibilities, including oversight of all tax related functions

•Create and maintain impeccable compliance structure and policies

•Collaborate effectively with internal and external advisors and business units to devise, review and implement transaction related tax structures and monitor existing tax structures and risks

•Oversee all tax reporting and compliance functions for all business units and investment interests

•Oversee financial statement reporting of income taxes and effective tax rate management

•Ensure timely and accurate filing of all federal and state income tax returns, estimates and extensions as well as all related compliance

•Provide tax guidance, advice and risk management support to the company, its business units and family owners

•Consult on special projects initiated by senior leadership

•Maintain up to date knowledge of U.S. and state tax legislative developments and related implications

•Serve as the primary contact with IRS agents and state auditors

•Initiate federal and state tax planning and provide technical assistance as required

•Extensive knowledge of both Federal and State income tax laws

•Extensive general business knowledge and accounting fundamentals across multiple industries; retail, real estate and GCC experience preferred.

•Must have a demonstrated hands-on approach and success in working in a team-based environment

•Build and scale a best-in-class tax function to support the company's growth by hiring strong talent and implementing scalable processes.

•Collaborate with executive management to develop a vision for a tax efficient global corporate structure that is flexible and meets our business needs.

•Manage quarterly tax provision process for all entities in every jurisdiction where Saks Global operates.

•Act as advisor for the company on new product launches and customer agreements to ensure tax risks are mitigated and information reporting and withholding requirements are met.

•Be a partner to cross-functional teams to advise on employment tax and permanent establishment analysis for our workforce.

•Project manage and execute the calendar of filing deliverables to ensure compliance and timely filings for US federal, state and all foreign income taxes.

•Manage any tax audits that arise for state, federal and international returns.

•Manage relationships with external tax advisors, external audit tax function and investors.

•Present on tax matters at Audit and Risk Committee and board meetings as required.

•Prepare all tax provision disclosures for financial reporting purposes

Key Qualifications:

•15+ years of US tax experience, with both public accounting firm and private industry experience.

•Bachelor's degree or advanced degree in Tax or Accounting; CPA preferred.

•Experience leading a tax team and scaling a tax function.

•Experience with managing a global tax compliance and provision process.

•Proven ability to autonomously research, interpret and document tax requirements and implications for the company.

•Knowledge of implementing transfer pricing frameworks and methodologies.

•Excellent command of tax financial reporting requirements

•Strong written and oral communicator, comfortable presenting to executives, audit and risk committee and Board of Directors.

People Leadership

•Inspiring and approachable as a leader; create an environment where people realize their full potential.

•Be humble and lead with open, candid relationships; actively seek feedback from individuals across the team.

•Someone who is a "one team" player, transparent and an advocate of sharing data and learnings to create better customer outcomes.

•Inspire peripheral relationships across Saks