Sr. Analyst, Tax Provisions

CarMax; Richmond (VA); On-site; USD 90,000 - 135,000; Full time

Benefits offered by this job

Relocation assistance

Job summary

CarMax is seeking a tax professional to prepare and review quarterly and annual income tax provisions, ASC 740 footnotes, and related disclosures. The role emphasizes SOX controls and advancing tax technology using OneSource, Alteryx, and Oracle.

You will help maintain tax position documentation, perform complex tax calculations, and support process improvements. The position is based at the Richmond, VA office with onsite work four days a week and relocation assistance available.

Qualifications

• Advanced federal and state income tax technical skills, specifically ASC 740 including accounting for uncertain tax positions.
• Four or more years of income tax experience at a public accounting firm or in a corporate tax department.
• Computer skills required in Microsoft Office (Excel and Word). OneSource Tax Provision, Alteryx, and Oracle experience highly preferred.
• Degree in accounting and/or finance. Master's degree in accounting or taxation preferred.
• CPA preferred but not required.
• Ability to build and maintain strong relationships and motivate and lead others.
• Ability to complete tasks while balancing time, multi-tasking and interruptions, deliver on objectives and meet deadlines.
• Ability to use own experience to train, develop and mentor other associates.

Responsibilities

• Prepare and review quarterly and annual income tax provision, effective tax rate, income tax footnotes under ASC 740 in accordance with SOX, and review 10K/10Q disclosures related to income taxes.
• Prepare and maintain tax position documentation required under ASC 740-10-24 (Accounting for Uncertainty in Income Taxes).
• Maintain OneSource tax provision software tools and support Alteryx Workflows. Identify and implement tax technology opportunities for process improvements, automation, efficiency gains, and application of tax process and technology best practices.
• Perform various tax calculations including inventory, R&D tax credits, stock compensation, and intercompany management fees.
• Prepare and document quarterly tax account reconciliations.
• Research new tax legislation or tax issues related to new business initiatives.
• Contribute to the development of team members by periodically reviewing others’ work and providing feedback related to the work.

Skills

ASC 740

Uncertain tax positions

US GAAP tax accounting

Alteryx

OneSource Tax Provision

Oracle

Microsoft Excel

Education

Bachelor's degree in accounting or finance

Master's degree in accounting or taxation preferred

CPA preferred

Tools

OneSource Tax Provision

Alteryx

Oracle

Job description

This role reports to the AVP Tax. Prepares and reviews quarterly income tax expense and effective tax rate calculation including accounting for uncertain tax positions and complying with tax-related SOX controls. Research complex tax issues and be a subject matter expert in a wide array of tax accounting subjects. Uses, improves, and maintains OneSource tax provision software tools and Alteryx Workflows.

What you will do - Essential Responsibilities

• Prepare and review quarterly and annual income tax provision, effective tax rate, income tax footnotes under ASC 740 in accordance with SOX, and review 10K/10Q disclosures related to income taxes.
• Prepare and maintain tax position documentation required under ASC 740-10-24 (Accounting for Uncertainty in Income Taxes).
• Maintain OneSource tax provision software tools and support Alteryx Workflows. Identify and implement tax technology opportunities for process improvements, automation, efficiency gains, and application of tax process and technology best practices.
• Perform various tax calculations including inventory, R&D tax credits, stock compensation, and intercompany management fees.
• Prepare and document quarterly tax account reconciliations.
• Research new tax legislation or tax issues related to new business initiatives.
• Contribute to the development of team members by periodically reviewing others’ work and providing feedback related to the work.

Purpose of the role

This role supports the Director of Tax and other department professionals in ensuring CarMax's compliance with income tax accounting provisions under ASC 740. This role works closely with other finance professionals, internal and external auditors, and the income tax compliance team. This position requires a detail-oriented professional with a strong knowledge of US GAAP and tax accounting. A key part of the role is to advise management on various aspects of corporate income taxation and help develop and implement accounting for income tax efficiencies. The ideal candidate will be highly motivated to keep current with new technologies, constantly striving for process improvement while meeting deadlines.

Work Location and Arrangement:

This role will be based out of the CarMax Home Office in Richmond, VA and Associates will work onsite 4 days per week. We offer relocation assistance

Work Authorization:

Applicants must be currently authorized to work in the United States on a full-time basis. Sponsorship will not be considered for this specific role.

Qualifications and Requirements

• Advanced federal and state income tax technical skills, specifically ASC 740 including accounting for uncertain tax positions.
• Four or more years of income tax experience at a public accounting firm or in a corporate tax department.
• Computer skills required in Microsoft Office (Excel and Word). OneSource Tax Provision, Alteryx, and Oracle experience highly preferred.
• Degree in accounting and/or finance. Master's degree in accounting or taxation preferred.
• CPA preferred but not required.
• Ability to build and maintain strong relationships and motivate and lead others.
• Ability to complete tasks while balancing time, multi-tasking and interruptions, deliver on objectives and meet deadlines.
• Ability to use own experience to train, develop and mentor other associates.

About CarMax

CarMax disrupted the auto industry by delivering the honest, transparent and high-integrity experience customers want and deserve. This innovative thinking around the way cars are bought and sold has helped us become the nation’s largest retailer of used cars, with over 200 locations nationwide.

Our amazing team of more than 25,000 associates work together to deliver iconic customer experiences. Along the way, we help every associate grow their career and achieve their best, at work and in their community. We are recognized for our commitment to training and diversity and are one of the FORTUNE 100 Best Companies to Work For.

Our Commitment to Diversity and Inclusion:

CarMax is committed to bringing together people from different backgrounds and perspectives, providing employees with a safe, welcoming, and inclusive work environment.

CarMax is an equal opportunity employer, and all qualified candidates will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, genetic information, national origin, protected veteran status, disability status, or any other characteristic protected by law.