Federal Tax Manager

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Location:

  • Posted on May 15 2024
  • Tampa, Florida, United States

AREA:

Accounting & Finance

Open to domestic relocation.

BASIC FUNCTION:

 

Incumbent is responsible for International, Canadian and U.S. federal and state tax  obligations. This encompasses in-depth research and ensuring compliance with applicable tax laws and regulation governing the companyoperations. Moreover, the role involves  timely estimated payments, and financial statement reporting and disclosure of tax accruals in accordance with International Financial Reporting Standards (IFRS).  

 

Incumbent is also responsible for proactively managing audit exposure as well as  facilitating the execution and oversight of diverse international and local tax planning strategies aimed at optimizing the company's local and international tax position. Supervises assigned tax staff.

 

DIMENSIONS:

 

1.         Consolidated Sales                             Approximately $6.5 billion

3.         Locations/Divisions                            approximately 40-60 locations

4.         Business Segments                             2

5.         Countries                                            2 (US and Canada)

 

 

NATURE AND SCOPE:

 

This position is responsible for overall  tax planning, research, and compliance.  The International  Tax Manager reports directly to the Tax Manager who reports to the VP of Finance.

The incumbent provides management with guidance relative to tax issues and planning considerations, including recommendations and review of potential tax saving alternatives.

Tax planning is a creative approach primarily focused on reduction of tax expense and maximizing cash flow.  This requires a thorough knowledge of international tax laws, rulings, regulations, and court cases.  The ability to think creatively and an intimate knowledge of the Company’s business are essential.

 

The position operates in an environment redefined by corporate governance and tax transparency.  This environment imposes greater scrutiny on the tax department and highlights the importance of operating with effective policies and procedures in place to ensure compliance with diverse disclosure requirements.  The incumbent assists in the development and implementation of internal controls and procedures within the tax function to ensure effective risk management and compliance with Sarbanes-Oxley Section 404.

 

The incumbent is responsible for the preparation and recording of the consolidated income tax provision including financial statement reporting and disclosure of tax accruals in accordance with IFRS.  The incumbent provides the tax supporting documentation for the tax accrual disclosures in a timely manner for inclusion in Gerdau S.A.’s consolidated financial statements.

 

The company operates manufacturing facilities in Canada and the United States in a multi-corporate environment.  The company is also vertically integrated and engages in cross border financing transactions.  Canadian and the U.S. tax authorities impose strict regulatory requirements on acceptable documentation necessary to substantiate an equitable price for these transactions.  Creating and maintaining this documentation is a key responsibility of this position.

 

Tax compliance is an essential function of this position, and necessary, to avoid additional costs in terms of late penalties and interest.  The preparation of federal income tax returns, estimated income tax reports and forms, and calculation of estimated and installment payments are critical job elements.    These reports include information and withholding filings for cross border transactions.  Upon designated approval of tax reports, the incumbent prepares payment vouchers and submits appropriate book entries for proper recording.  When audits occur, works closely with tax officials to resolve compliance issues and minimize exposure.  The incumbent manages outside consultants on various assigned projects.

 

The position requires travel for the purpose of keeping abreast of tax issues and training, resolving tax disputes, and keeping familiar with Company operations.

 

BACKGROUND AND EDUCATION:

 

As a Tax Manager with 6-10 years of experience, specializing in cross-border tax planning and compliance. Prior experience with Brazilian, Canadian and US tax is highly desired. You will play a crucial role in ensuring adherence to tax regulations, optimizing tax strategies, working on ad-hoc projects, and providing strategic guidance to the organization. Previous experience with a Big4 accounting firm is a plus, showcasing a strong foundation in tax knowledge and compliance.

 

The incumbent should possess excellent written and verbal communication skills, and broad knowledge and abilities as may be demonstrated with a four-year accounting degree. CPA and/or advanced degree is preferred.

 

PRINCIPAL ACCOUNTABILITIES:

 

  1. Responsible for overall  tax planning, including research complex issues and coordinate planning with other tax considerations at the international, state and local levels. Stay updated on changes in tax laws and regulations to ensure the organization's ongoing compliance.
  2. Identify and implement tax minimization strategies by staying apprised of the various  domestic and foreign regulatory developments and evaluate/manage the risks and opportunities to the company.
  3. Responsible for managing audits related to tax issues, including balance goals to minimize audit exposure while minimizing overall tax burden.
  4. Responsible for timely and accurate preparation and payment of all Canadian and U.S. federal and state taxes and returns including estimations and installments, and cross border reporting.
  5. Responsible for preparation and recording consolidated income tax provisions including financial statement reporting and disclosure of tax accruals in accordance with IFRS.
  6. Manage the reporting of cross-border transactions to the federal authorities including maintaining contemporaneous transfer pricing documentation.
  7. Assist in the development and administration of procedures and internal controls within the tax function in accordance with Sarbanes-Oxley S. 404 compliance.
  8. Maintain required professional affiliations with external consultants as well as various regulatory agents.  Interface directly with public accountants during annual financial audit and quarterly interim reporting to assure proper tax accruals and footnote disclosures.
  9. Manage overall plan and economics of various tax projects as assigned.
  10. Develop and implement effective cross-border tax planning strategies to optimize the organization's global tax position.
  11. Provide guidance on international tax implications related to business operations, transactions, and expansions.
  12. Identify potential tax risks and develop mitigation strategies to minimize tax liabilities and exposure.
  13. Conduct thorough reviews of tax positions, ensuring they align with current regulations and the organization's risk tolerance.
  14. Collaborate with finance teams to integrate tax implications into financial reporting, ensuring accurate and transparent disclosure of tax-related information.
  15. Provide financial analysis to support decision-making processes related to tax planning and compliance.
  16. Lead and mentor a team of tax professionals, providing guidance, training, and support to ensure a high level of performance and professional development.
  17. Foster a collaborative and innovative work environment within the tax department.
  18. Act as a key point of contact for internal stakeholders, external auditors, and tax authorities.
  19. Effectively communicate complex tax concepts to non-tax professionals within the organization.
  20. Identify opportunities for process improvement within the tax function and implement best practices to enhance efficiency and accuracy.
  21. Stay informed about industry trends, emerging tax issues, and technological advancements to recommend improvements.

 

 

Gerdau believes in equal employment opportunity related to all employees and applicants for employment. It is the policy of Gerdau that there will be no discrimination against any employee or applicant for employment on the basis of race, religion, color, national origin, citizenship, marital status, sex, age, sexual orientation, genetic information, gender identity, veteran status, disability, or other legally protected status. All external applicants must be legally eligible to immediately work in the country of hire without current or future sponsorship.  

If you are vision-impaired or have some other disability under the Americans with Disabilities Act / Accessible Canada Act or a similar law, and you wish to discuss potential accommodations related to applying for employment at Gerdau, please contact our Talent Acquisition Team at (866)-788-2798 or recruiting@gerdau.com

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