Sr. Manager, Tax Provision

CarMax; United States; On-site; USD 132,000 - 211,000; Full time

Benefits offered by this job

Onsite 4 days/week

Bonus potential

Job summary

CarMax, the nation’s largest retailer of used cars, seeks a Senior Manager, Tax Provision to lead the income tax accounting function and ASC 740 filings. This role partners across Accounting, FP&A, Legal, Treasury, and Audit Services to ensure precise tax reporting.

The ideal candidate has 7+ years in income tax (public accounting or corporate), a four-year degree in Accounting or Finance, and preferably an MS or CPA. Onsite at the Richmond, VA home office.

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.

Responsibilities

• Lead the preparation and review of interim and annual income tax provisions under ASC 740.
• Develop and coach a team of associates through performance feedback and reviews.
• Ensure SOX compliance and maintenance of internal controls over tax accounting.

Skills

Leadership

Analytical thinking

Communication

Regulatory knowledge

Education

Bachelor of Accounting/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.

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 thinking around the way cars are bought and sold has helped us become the nation’s largest retailer of used cars, with over 250 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®.

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.

Salary and Benefits

The annual salary for this position is: $131,700.00 - $210,900.00 May be eligible for bonus and equity.

Benefits

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.

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®.