Sr. Manager, Tax Provision

CarMax; Richmond (VA); On-site; USD 132,000 - 211,000; Full time

Job summary

CarMax is seeking a Senior Manager, Tax Provision to lead the company’s income tax accounting, including provision preparation, forecasts, and reporting under ASC 740. You will manage a team, develop staff, and interface with Accounting, FP&A, Legal, Treasury and Audit Services to guide technical tax conclusions.

The role is based at the CarMax Home Office in Richmond, VA, with onsite work four days per week.

Qualifications

• Four-year degree in Accounting or Finance.
• MS in Accounting or Taxation preferred (MS required if degree is not in Accounting/Finance).
• CPA preferred.
• Seven+ years of relevant income tax experience including five+ years in public accounting or corporate tax with ASC 740 exposure.
• Three+ years leading teams with direct/indirect reports.
• Strong GAAP and SOX knowledge.
• Proficiency in OneSource Tax Provision, Microsoft Office, and Alteryx preferred.

Responsibilities

• Lead the preparation and review of interim and annual income tax provision under ASC 740, including uncertain tax positions and disclosures.
• Lead and develop a team of associates with performance feedback and development plans.
• Research, analyze and document complex tax accounting matters and regulatory changes; present recommendations to senior management.
• Collaborate with Accounting, FP&A, Legal, Treasury, Audit Services and other stakeholders on tax implications and financial reporting.
• Support internal controls over tax accounting and SOX documentation standards.
• Establish and ensure compliance with the transfer pricing methodology.
• Identify opportunities to improve tax processes, reporting accuracy, and automation.
• Manage relationships with external tax advisors and auditors.

Skills

Leadership

Tax provisioning

ASC 740 knowledge

SOX compliance

Team development

Communication

Education

Bachelor's degree in Accounting or Finance

MS in Accounting or Taxation

CPA preferred

Tools

OneSource Tax Provision

Microsoft Office

Alteryx

Job description

8901 - Corp Office West Crk - 12800 Tuckahoe Creek Parkway, Richmond, Virginia, 23238

CarMax, the way your career should be!

About this job

The Senior Manager, Tax Provision leads the Company’s income tax accounting function, including the preparation and review of the interim and annual tax provisions, effective tax rate analyses and forecasts, and tax-related financial reporting in compliance with ASC 740 requirements. This position is responsible for the research, analysis, and documentation of complex tax issues and will also serve as a subject matter expert in a wide array of tax accounting related projects. The Senior Manager, Tax Provision will work closely with the Company's Accounting, FP&A, Legal, Treasury, and Audit Services departments, senior management and external advisors.

What you will do – Essential Responsibilities

• Lead the preparation and review of the interim and annual income tax provision under ASC 740, including uncertain tax positions, effective tax rate analyses and forecasts, quarterly and annual tax footnote disclosures, and presentation to senior management for review.
• Lead and develop a team of associates through timely performance feedback delivered during day-to-day observations, file reviews, and annual performance reviews. Responsible for creating individual development plans and business objectives designed to enhance and assist associate growth.
• Lead and oversee the research, analysis and documentation of complex tax accounting matters, changes in tax regulations, valuation allowance assessments, and business transactions to assess financial reporting impacts and support technical tax accounting conclusions. Present recommendations and/or solutions to senior management.
• Collaborate with Accounting, FP&A, Legal, Treasury, Audit Services and other stakeholders to provide advice and counsel around the tax implications and associated financial statement presentation of key issues.
• Support the maintenance of effective internal controls over tax accounting and reporting processes, including compliance with SOX requirements and documentation standards.
• Responsible for establishing the Company’s transfer pricing methodology, ensuring compliance with all federal and state rules governing transactions between related legal entities.
• Identify opportunities to enhance tax processes, reporting accuracy, automation and operational efficiency.
• Support the management of relationships with external tax advisors and auditors.

Qualifications And Requirements

• Ability to motivate and influence across multiple levels of the organization, and willing to challenge upwards appropriately in the best interest of CarMax.

• Ability to evaluate and make effective judgments on complex tax and regulatory matters.
• Ability to summarize or present complex and/or technical information in an easy-to-understand manner.
• Ability to build and maintain strong relationships throughout the organization, and collaborate with and support other departments and teams.
• Ability to anticipate customer-specific needs and put forth actions to ensure a seamless customer experience.
• Ability to prioritize and lead team to achieve long-term and short-term results.
• Ability to develop, execute and adjust a plan with high degree of independence.
• Ability to develop and promote other associates for organizational needs.
• Ability to understand latest industry trends and their potential impact on CarMax.

• Ability to act with confidence in the face of unclear or challenging conditions; rapidly adapt to change or unexpected obstacles.

Education and/or Experience

• Four-year degree in Accounting or Finance
• MS in Accounting or Taxation preferred (MS in Accounting or Taxation is required if four-year degree is in a major other than Accounting or Finance)
• CPA preferred
• Seven or more years of relevant income tax experience including five or more years of experience at a public accounting firm or in a corporate tax department with significant exposure to ASC 740
• Three or more years of experience leading teams to achieve common goals, including leading and developing direct and/or indirect reports
• Strong technical tax and accounting skills, including general knowledge of generally accepted accounting principles (GAAP) and SOX compliance

• Proficiency in OneSource Tax Provision, Microsoft Office, and Alteryx preferred

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.

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.

About CarMax

CarMax disrupted the auto industry by delivering the honest, transparent and high-integrity experience customers want and deserve. This innovative thinkingaround the way cars are bought and soldhas helped us become the nation’s largest retailer of used cars, with over 250 locations nationwide.

Ouramazing 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 areone 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.

Benefits

Except as otherwise required by state law, CarMax Associates are entitled to the following paid sick, vacation, and holiday time.

Associates that are considered full-time hourly or commission/incentive eligible:

• To earn up to 48 hours of sick time per year accrued on a per pay period basis and between 80 hours and 200 hours per year of vacation time after a 90 day waiting period depending on years of continuous service with the Company.
• For 8 hours of pay for each of a total of 6 paid scheduled holidays per year plus 1 floating holiday. If such an Associate does work on a scheduled holiday due to business need, they are eligible for Holiday Premium Pay.

Associates considered full-time salaried are entitled to paid time away with no specified limit as needed for sick, vacation, bereavement, jury duty, holidays, floating holiday, etc. subject to manager approval.

For more details about benefits, please visit our CarMax Benefits website.

Upon an applicant's request, CarMax will consider reasonable accommodation to complete the CarMax Job Application.

$131,700.00 - $210,900.00

May be eligible for bonus and equity.