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Director of Corporate Income Tax

Company: US LBM Holdings
Location: Buffalo Grove
Posted on: May 7, 2022

Job Description:

US LBM is one of the leading and fastest growing distributors of specialty building materials in the United States, with a team of over 12,000 employees located throughout the country. - -Since our founding in 2009, we have acquired over 60 companies and have expanded to more than 400 locations serving 37 states. - US LBM is a progressive organization that promotes a unique culture that focuses on the value of its customers and associates. Developing our people is critical to our strategy and fostering our culture of empowerment. More than 3,500 associates have completed courses in our US1 "Lean" and "Six Sigma" programs to date, including over 300 "Six Sigma" certified "green belts" and "black belts". - We believe the investment we make in developing talent is critical to supporting our growth strategy and fostering an entrepreneurial culture, resulting in many of our existing managers being promoted from within our organization. -The Tax Director position is a new role and requires a driven, income tax technical and tax accounting expert that will continue building a controlled, risk-mitigated tax process. - They will also build tax operations in a reimagined way from traditional tax departments to make Tax a highly efficient, effective, and value-add Finance department.Reporting to the Vice President of Tax & Treasury, and with direct visibility to the CFO, this individual will be tasked with leading and managing the Company's tax operations at the federal, state, and local levels. This is a key leadership role that will allow the successful candidate the opportunity to leverage technical expertise and strategic skills to manage the Effective Tax Rate and cash taxes to minimize the impact to financial statements, and to maximize cash flow for the Company. - The opportunity will also allow massive professional growth of tax, accounting, and finance skills, as well as leadership growth.Things you should know about working at US LBM:

  • We are all about teamwork! All positions are hands on and we band together when necessary.
  • We support each other. We have local and corporate team members to help you along the way and partner on projects as appropriate.
  • We are a relaxed atmosphere, this is not a suit and tie environment.
  • We work hard. We are a continuous improvement driven organization, and we are focused on keeping organized and on task.How you will spend your days as a Director of Corporate Income Tax:
    • Ensure the timely and accurate filing of all domestic income tax returns, overseeing the outsourced tax return provider engagement
    • Manage activities required for the timely and accurate preparation of the annual and quarterly tax provision including managing the outsourced tax provision provider engagement, and developing in-house expertise to resource the tax provision workstream in-house
    • Maintain, review, and certify the accuracy of all tax accounts and review of monthly tax account reconciliations, and provide timely tax cash forecasts to FP&A and Treasury Teams -
    • Lead and manage all tax accounting and reporting financial closing procedures, and deliver tax provision documentation to external auditors including analysis and presentation of tax expense, and managing/addressing auditor questions
    • Develop and enhance processes and procedures to improve tax accounting and tax compliance workstreams with a continuous improvement mindset
    • Monitor federal and state income tax law changes, analyze impact on tax return filing positions and tax provision, and incorporate changes into returns/provision as appropriate
    • Oversee business operational changes, analyze impact on tax return filing positions and tax provision, and incorporate changes into returns/provision as appropriate
    • Develop relevant analytics in connection with US LBM's national tax footprint and drivers to support strategic tax planning, including organic and M&A related planning
    • Assess, implement, and maintain tax reporting positions including methods and elections and transfer pricing reports/compliance and annual assessment of transfer pricing structure
    • Oversee federal and state tax issues
    • Create tax memos documenting tax return positions and tax provision analysis, including quarterly valuation allowance analysis
    • Support federal and state income tax audits
    • Review and revise SOX Tax Controls for corporate structure, and ensure that adequate internal/external staffing is retained to effectuate SOX Controls and other risk-mitigating controls
    • Identify and implement automation improvements to compliance and provision processes
    • Manage M&A tax due diligence and integration of newly acquired companies into the tax compliance and provision processes, and support income tax due diligence of target acquisitions
    • Serve as a subject matter expert to meet the demands of a rapidly growing business
    • Manage external relationships with advisors and consultants
    • Manage compliance team budget for outside advisors
    • Support and/or own other special Tax-specific and/or company projects (e.g., ERP implementation)
    • Interact with various levels of finance and non-finance personnel ensuring highest level of service
    • Cultivate a culture to promote positive employee engagement through hiring, developing and retaining top talentWe offer---
      • Health care benefits, starting the first of month after 30 days of employment
      • Monday - Friday schedule
      • 401(k) with company match
      • Closed holidays
      • Paid time off
      • Employee discount
      • Relocation
      • We'll support your educational and career goals with our continuous education programsWe want you to join the team if you can check these boxes:
        • 10+ years of relevant experience with a Fortune 500 Tax Department and/or Big 4 Tax Group
        • BS/BA degree in accounting, finance, economics or a relevant field
        • CPA, MST and/or JD is strongly preferred
        • Broad knowledge of tax policy and expert level of federal and/or state income tax technical knowledge
        • Expert knowledge of ASC 740 and all relevant GAAP rules impacting the calculation of the tax provision
        • Extensive experience in SEC reporting
        • Ability to diagnose and communicate complicated tax issues in terms of impact on financial statements, cash tax position, and on business operations
        • Success in identifying ad implementing innovative and automated tax solutions
        • Significant project management skills
        • Excellent professional tax staff development skills
        • Ability to work remotely (office is available but flexibility and ability to deliver in remote work environment is critical)
        • Experience implementing large scale tax automation solutions, ERP, eCommerce, or other financial accounting systems, and/or using major robotics process automation (RPA) tools and data analytics tools would be a plus
        • Creative mindset and ability to devise practical responses to unexpected challengesUS LBM Holdings, LLC is an equal opportunity employer. We do not discriminate on the basis of race, color, religion, creed, national origin or ancestry, sex, age, physical or mental disability, veteran or military status, genetic information, sexual orientation, gender identity, marital status, military status, order of protection status, or any other legally recognized protected basis under federal, state, or local law.

Keywords: US LBM Holdings, Buffalo Grove , Director of Corporate Income Tax, Accounting, Auditing , Buffalo Grove, Illinois

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