Manager, M&A Tax

Hearst; Charlotte (NC); On-site; Confidential; Full time

Job summary

Hearst is seeking a technically proficient U.S. federal tax professional with Subchapter C expertise to support U.S. M&A tax and consolidated return activities.

The role requires a background in tax planning, due diligence, and complex transaction analysis, with at least four years of relevant experience in a large public accounting firm or multinational corporation. The candidate will collaborate across departments on acquisition and restructuring projects, perform detailed tax

Qualifications

• Strong technical U.S. federal tax Subchapter C background.
• 4+ years combined U.S. M&A and federal tax experience.
• Experience with large public firms or large multinational corporations.

Responsibilities

• Assist with M&A due diligence, reviewing target financial and tax data.
• Conduct scenario planning for acquisitions and internal restructurings.
• Perform IRC 382 analyses and compute limitations for acquired loss companies.
• Evaluate asset vs. stock acquisitions and compute basis for subsidiaries/partnerships.
• Interact with business units, legal, and external advisers on reorganizations.
• Perform due diligence related to IRC sections 332, 351 and tax-free liquidations.
• Determine required income tax disclosures for closed transactions.
• Lead projects to timely, successful conclusions and provide memo summaries.

Skills

Tax Subchapter C

M&A tax

Excel

Education

B.S. in Accounting

CPA

Job description

The position requires someone with a strong technical U.S. federal tax Subchapter C background. Experience with reorganization tax code provision and consolidated return regulations is a plus. The candidate should have at least 4 years of combined U.S.M&A tax and federal tax experience with either a large public accounting firm and/or a large MNC. The position’s salary and title will be commensurate with the individual’s experience.

Hearst is a leading global, diversified information, services, and media company dedicated to innovating, informing audiences and leading with purpose, integrity and a culture of care.
Our portfolio includes more than 360 businesses worldwide. On the consumer side, we operate 35 television stations, 28 daily newspapers and publish more than 200 magazine editions featuring many of the most iconic brands in media. We also hold ownership stakes in leading cable networks such as A&E, HISTORY, Lifetime and ESPN. On the business-to-business side, our companies include Fitch Group, a global leader in financial information and analytics; Hearst Health, which provides intelligence and software that improve care outcomes; and Hearst Transportation, which delivers data and software for aviation, automotive and trucking.
Our strength lies in our people. We value the diverse perspectives that move us forward. We are an Equal Opportunity Employer and makes employment decisions without regard to race, color, religion, national origin, sex or gender, sexual orientation, gender identity, gender expression, age, disability, military or veteran status or any other status protected by federal, state, or local law. We also provide reasonable accommodations to applicants and employees consistent with applicable law.

The position requires someone with a strong technical U.S. federal tax Subchapter C background. Experience with reorganization tax code provision and consolidated return regulations is a plus. The candidate should have at least 4 years of combined U.S. M&A tax and federal tax experience with either a large public accounting firm and/or a large MNC. The position’s salary and title will be commensurate with the individual’s experience.

Successful Candidate Will Possess a Combination of the following Personal Characteristics:

• 1. Comfortable with lateral and higher contact with staff and senior managers in other corporate departments and with business unit personnel.
• 2. Not afraid to "roll up the sleeves" while being able to retain big picture thinking.
• 3. Willing to get involved in ad hoc planning projects and manage the tax issues associated with those projects either by direct action or through external advisers.
• 4. Desire to work in a flexible "team-based" environment.
• 5. Ability to juggle concurrent projects and smoothly move from project to project with little advance notice.
• 6. Thriving in an environment where you must "roll up the sleeves" and get involved in the details while also retaining big picture thinking.
• 7. Significant experience with Excel.

Education:

B.S. or similar degree in Accounting; Masters in tax is a plus. C.P.A. is a plus. J.D. is a plus.

Position Summary:

• 1. Assist with M&A due diligence, including the review of target company financial and tax return data.
• 2. Scenario planning related to competing acquisition alternatives and internal restructuring options.
• 3. Perform IRC section 382 analysis on acquired loss companies, including the computation of the Section 382 limitation amount.
• 4. Analyze, and perform necessary calculations, to quantify the difference between acquiring the assets or stock of an acquisition target.
• 5. Calculate the inside and outside basis of company-owned subsidiaries and partnerships for internal taxable and nontaxable reorganizations or other tax planning purposes.
• 6. Consult with business unit and/or legal personnel for external acquisition and internal reorganizations.
• 7. Perform due diligence, including related computational support, in the context of IRC section 332 and tax-free liquidations.
• 8. Perform due diligence, including related computational support, related to IRC section 351 and tax-free contributions.
• 9. Determine the necessary income tax disclosures related to closed transactions.
• 10. Implement projects and drive them through to a timely, successful conclusion.
• 11. Assist with the review of federal tax returns.
• 12. Participate in other special projects as assigned by senior departmental management.
• 13. Assist with tax research and provide written memorandum summarizing the conclusions of said research.