Tax Accounting Manager

Job Summary

Location: (Remote) – less than 3 hr commuting distance from NYC or Wilmington DE for occasional team meetings

At IFF, an industry leader in food, beverage, health, biosciences and sensorial experiences, science and creativity meet to create essential solutions for a better world – from global icons to unexpected innovations and experiences. With the beauty of art and the precision of science, we are an international collective of thinkers who partners with customers to bring scents, tastes, experiences, ingredients, and solutions for products the world craves. Together, we will #DoMoreGood for people and planet. Learn more at iff.com.

The Tax Accounting Manager role will report directly to the Global Sr. Tax Manager and will be responsible for US GAAP non-US global tax provision and will be involved in the consolidated tax provision. The role will also support special projects related to M&A, Pillar 2 implementation etc. This role will sit within the Tax Operations group but will collaborate closely with the US domestic tax provision team, the global tax planning team and the regional tax teams.

This role will be supported by a tax analyst and is responsible for managing processes and external advisors.

This position is currently remote; however, the expectation is that candidates should be located on the East Coast and/or within a commutable distance to our offices in Wilmington, DE or New York, NY for internal meetings as needed. Hybrid options are also available.

Essential Duties and Responsibilities

• Review quarterly and annual income tax provision packages including book to tax adjustments, tax account reconciliations and deferred tax roll forwards, and be involved in the preparation of more complex tax provision packages.

• Assist with the preparation of consolidated income tax provision and related workpapers, including Valuation Allowance, FIN48 as well as tax related disclosures for financial reporting. 
• Prepare and review tax accounting calculations as they relate to M&A transactions including held-for-sale, derecognition of deferred tax balances, etc.
• Assist Tax Planning team with the tax accounting implications of tax planning strategies and with due diligence requests on acquisitions and divestitures.
• Manage post-transaction integration planning and other post-close M&A activities.
• Coordinate collection and review of quarterly and annual foreign tax packages.
• Assist and review in the preparation of the Company’s APB23 calculations.
• Identify and implement opportunities for process improvements and technology solutions in the company’s provision operations.
• Monitor legislative and regulatory tax law developments, communicate the effects of these developments to management and the tax team and support the creation of strategies to capitalize on changes to taxation legislation.
• Maintain effective internal control procedures over all aspects of the tax process to ensure compliance with SOX guidelines.
• Collaborate with external audit firm on quarterly reviews and year end audit requests on tax provision computations and SOX compliance.
• Responsible for managing the legal entity organizational chart including the gathering of information from regional team and updating the org. chart.
• Assist management with various cash tax minimization projects and prepare quarterly and annual cash tax payment forecasts used by Treasury and FP&A.

Job Requirements
 

• Bachelor’s degree required; MS in Taxation and/or CPA are a plus.
• 5+ years of exposure to tax accounting gained in a large public accounting firm and/or publicly traded multinational corporation tax department.
• Hands-on, deep technical experience preparing tax provisions under ASC740 along with preparing consolidated corporation and partnership tax returns.
• Experience in international tax compliance including understanding Subpart F, GILTI, FDII, BEAT and E&P calculations is a plus.
• Ability to understand complex tax issues, resolve them and communicate the results to tax and non-tax groups including Controllership, Treasury, FP&A, and Legal.
• Experience working in a complex global manufacturing organization with multiple ERP and financial consolidation systems is a plus.
• Experience with OneSource Tax Provision, Income Tax and Dataflow is a plus.
• Self-motivated, ability to work independently and with team members in a fast-paced deadline driven environment.