State Tax Reporting and Compliance Leader

Us Bank; Minneapolis (MN); On-site; USD 133,000 - 157,000; Full time

Job summary

U.S. Bank is seeking a State Tax Reporting and Compliance Leader to manage multi-state tax matters, including tax provision, compliance, planning, and audit defense. The role partners with Corporate tax and cross-functional teams to ensure accuracy and mitigate risk.

The successful candidate will have 10+ years in accounting and tax, strong knowledge of ASC 740, and leadership skills. The position requires working from a U.S.

Qualifications

• Bachelor's degree in accounting or equivalent work experience.
• 10+ years in accounting, tax accounting and planning.
• CPA preferred.

Responsibilities

• Lead state tax provision and compliance efforts.
• Oversee outsourcing for state income tax compliance.
• Manage state tax audits and dispute resolution.
• Monitor proposed state tax legislation and advise on impact.
• Collaborate with Government Relations and Tax Planning teams.
• Identify state tax planning opportunities and implement them.

Skills

Leadership

Tax knowledge

Communication skills

Regulatory awareness

Attention to detail

Education

Bachelor's degree in accounting

Equivalent work experience

Tools

Tax software

Job description

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

Overview

The State Tax Reporting and Compliance Leader is responsible for managing a broad range of multi-state tax matters including tax provision and compliance, tax planning and business line support, legislative monitoring, technical research, and audit defense. The position will partner across the Corporate tax team and collaborate cross-functionally to ensure compliance, mitigate risk, and support business line goals and objectives.

Responsibility Detail

• Partner with tax accounting team to provide technical state tax support and analysis needed for quarterly and year-end tax provision including the assessment of uncertain tax positions.
• Manage the state income tax outsource compliance engagement to ensure compliance with all applicable tax laws. Review of designated state tax returns.
• Lead state tax audit and dispute management including development of audit strategy, technical research, and position development for issues raised by taxing authorities. Partner with external counsel on complex matters as needed.
• Identify, assess and communicate proposed state legislative changes impacting U.S. Bank. Collaborate with tax accounting team to ensure enacted law changes are properly incorporated into the state tax provision processes.
• Partner with Government Relations to provide tax feedback and advocate on key state tax legislative proposals.
• Team with the Tax Planning and Business Line Support leader to understand key business initiatives, assess potential state tax implications, provide input to make informed decisions and identify opportunities to create value and manage risks.
• Identify and assess state tax planning opportunities, complete risk assessment, and manage implementation.

Basic Qualifications

• Bachelor's degree in accounting, or equivalent work experience
• 10 or more years of experience in accounting, tax accounting and planning

Preferred Skills/Experience

• Demonstrated management and leadership skills
• Considerable knowledge of applicable tax laws and regulations
• Working knowledge of ASC 740
• Knowledge of government and compliance/regulatory reporting
• Well-developed verbal and written communication skills
• CPA preferred

Location Expectations:

This role requires working from a U.S. Bank location three (3) or more days per week.

This role has multiple levels, open to candidates with 10 or more years of experience in accounting, tax accounting and planning. The successful candidate will be hired for the level of the position that aligns with their experience. Please note that the salary range provided corresponds to the lowest level of the position posted.

disability accommodations for applicants.

Benefits:

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

• Healthcare (medical, dental, vision)

• Basic term and optional term life insurance

• Short-term and long-term disability

• Pregnancy disability and parental leave

• 401(k) and employer-funded retirement plan

• Paid vacation (from two to five weeks depending on salary grade and tenure)

• Up to 11 paid holiday opportunities

• Adoption assistance

• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about E-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $133,365.00 - $156,900.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.