Manager, Tax Reporting

Job Description - Manager, Tax Reporting (330113)

Manager, Tax Reporting (330113) – Textron is a large global corporation, world renowned for its product offerings in the aviation, specialized vehicles and industrial tools and equipment industries. Textron represents brands such as Cessna, Beechcraft, Bell, E-Z-GO and many others. Talent is a top priority for Textron, where the commitment is to build engaged teams, utilize organizational expertise, develop core competencies, and provide great career opportunities.

The Textron tax reporting and transfer pricing team is responsible for ensuring Textron’s intercompany transactions comply with all international tax rules, and for managing tax reporting requirements for quarterly and annual financial reporting, as well as supporting the successful completion of all tax compliance. As a member of the Textron Tax Team, the Tax Reporting Manager will be involved in preparation and review of the Company’s quarterly tax reporting requirements using guidance based on ASC-740, Accounting for Income Taxes.

In this endeavor, the manager will collaborate with team members across all tax groups (Textron Aviation, Bell, Compliance, Research and Planning, Reporting).

• Support tax accounting under ASC 740 including quarterly and annual calculations of the effective tax rate, balance sheet and external tax disclosures (Forms 10K, 10Q, etc.)
• Support cash tax forecasting and quarterly and annual effective tax rates based on current year, annual operating plans (“AOP”), long range plan (“LRP”)
• Support the income tax accounting for acquisitions and divestitures and assist with the tax portion of M&A transactions including the analysis and recording of opening balance sheet deferred taxes, due diligence, and integration
• Support Transfer Pricing compliance and operations
• Perform technical research and analysis with written memorandum, ultimately concluding with a recommendation and implementation plan once approved
• Responsible for managing the Company’s accounting for uncertain tax positions (“UTP”)
• Responsible for managing Company’s SOX 404 compliance, including drafting process documentation, monitoring adherence to the control processes, and gathering quarterly evidence provided to demonstrate control application
• Manage and take a leadership role in many diverse special projects that have tax reporting implications, taking on project lead efforts if necessary
• Support the tax compliance function via return to provision efforts across all jurisdictions (US – Fed, US – State, Non US)
• As required, assist with the review of federal and state tax returns
• Identify process improvements for various tax processes, implement changes for best practices
• Other duties as assigned
• Highest level of integrity
• Strong tax accounting (ASC 740) and compliance skills and the ability to collaborate to evaluate tax accounting positions
• Demonstrated ability to review, interpret, and communicate FASB guidance
• Strong analytical skills and problem solving skills; initiative to identify issues/opportunities and drive to a conclusion through the application of critical thinking framework
• Excellent leadership, team, and communication skills – drive to ensure objectives are understood versus simply heard
• Strong technology skills – demonstrated use of technology to produce more efficient/effective processes
• Strong research capabilities, including the use of research tools
• Demonstrated project management and continuous improvement mindset – challenge the status quo and drive for efficiency
• Ability to deal with ambiguity/uncertainty
• Managerial courage to be able to explain risks and make recommendations

• BS in Accounting
• Master of Accounting/Finance/Tax and/or CPA/CMA preferred
• 5 + years of corporate tax experience, in house or public accounting
• Understanding and application of ASC 740 principles and requirements
• Experience with a multi-divisional company or public accounting firm
• Experience working with tax applications and research tools (ex: One Source, Corptax, Checkpoint)
• Experience with tax implications of M&A transactions
• Experience leveraging analytical applications to improve…