Tax Manager

Socket.dev; Coral Gables (FL); On-site; USD 100,000 - 140,000; Full time

Job summary

Socket.dev is seeking an experienced Tax professional to lead statutory tax compliance for its NAM entities, based in Miami, FL. You will oversee U.S.

federal/state filings, tax accounting, and transfer pricing, collaborating with the NAM Finance and Global Tax teams to drive standardization and process improvements. The role requires 5+ years in federal/state tax compliance, strong UNICAP knowledge, and SAP experience.

Qualifications

• 5+ years of experience with federal and state income tax compliance.
• Strong tax technical skills including UNICAP and working knowledge of U.S. transfer pricing regulations.
• Strong experience in cost accounting and US GAAP (reserves, deferred tax).
• Working knowledge of SAP to retrieve balances and journal entries.
• Spanish language skills are assets.

Responsibilities

• Ensure accurate and timely filings of US Federal and State/Local taxes for NAM entities.
• Prepare tax accounting submissions and tax reporting packages.
• Assist with transfer pricing documentation and annual TP reports.
• Support tax audits and controversy resolution as needed.
• Collaborate with Shared Service Center and NAM Finance.

Skills

Tax compliance

UNICAP

Transfer pricing

Cost accounting

US GAAP

SAP

Analytical thinking

Education

BS in Accounting

CPA or MST preferred

Tools

SAP

Job description

ABOUT THE ROLE

You will lead the Statutory Tax Compliance and Accounting for the Company’s NAM operational entities. You will work together with the rest of the NAM Tax Team delivering against the objectives to strengthen the process, enable more standardization and opportunity for continual improvement to achieve a level of greater assurance the Company’s North American Hub remains in full compliance with all relevant tax obligations.

The NAM Hub includes the United States, Canada, and Puerto Rico. You will develop a full understanding of current compliance posture, the processes that support Statutory Accounting, Corporate Income Tax, Sales and Use and country specific local tax reporting compliance to ensure timely and accurate compliance for NAM entities.

You will work closely and partner with the Company’s shared service team and their processes that form the basis for the Statutory Accounting and Tax Reporting and the means by which each NAM affiliate accesses the relevant financial and other data. Key objectives also include formulating requirements to deliver improved automation of tax processes in coordination with the Senior Tax Manager – Global Shared Services.

This role will require you to be able to juggle additional tasks including the timely and accurate forecasting and periodic tax financial reporting, administering of transfer pricing, supporting tax audit and controversy resolution and assisting with tax strategy and business support in the NAM Hub under the direction and responsibility of the Senior Tax Manager – North America and other members of the Global Tax team. You will be based in Miami, Florida.

KEY ACCOUNTABILITIES AND RESPONSIBILITIES

Drive Results and excellence in execution of NAM Tax Compliance

1) Ensure the accurate and timely filings of the U.S. Federal, State/Local for various NAM entities

• Ongoing connection with business partners (finance, legal, HR, Commercial, etc.) to ensure current knowledge of non-recurring events, changes in the business, and impact on taxes
• Ensure accurate statutory financial reporting throughout the year
• Review book results and various journal entries for analysis of book to tax adjustments
• Interface with various finance teams and shared service center resources to ensure thorough understanding of statutory results and reporting of tax sensitive transactions
• Review income tax provisions and ensure the accurate posting of entries
• Review federal, state and provincial income tax returns prepared in income tax software and respond to any comments from external advisors
• Review analysis of book to tax differences, tax return working papers (including calculations for UNICAP, BEAT, CAMT and international tax forms), investigate material discrepancies between year-end tax accounting and tax returns
• Oversee collection of fixed asset data for book purposes and work with external advisors to prepare Federal and State tax depreciation reports
• Deliver timely analysis and response to matters identified by the Senior Tax Manager on consolidated or separate tax returns
• Review Forms 1042 and 1099 for U.S. entities ensuring compliance with all relevant requirements
• Prepare and/or review filing adjustments to state returns for federal audit adjustments
• Conduct tax research on specific federal and state income tax issues
• Keep up to date on relevant U.S. tax compliance legal and procedural developments
• Support other tax compliance and projects, as required

2) Ensure the accurate and timely preparation of tax financial reporting submissions

• Prepare accurate and timely tax accounting submissions
• Prepare tax reporting packages and entries for various entities for the submission of the following: Budgets, latest estimates and quarterly reporting
• Complete supporting documentation in compliance of SOX procedures
• Prepare and/or review the annual transfer pricing, tax provision, and footnote for inclusion in the audited financial statements of the Puerto Rican entities, including coordination with local finance to address any post–year-end adjustments to the statutory financial statements

3) Ensure accurate calculation and timely payment of federal, state, provincial estimated tax payment.

4) Support indirect tax compliance as required (i.e., sales and use tax, beverage tax, Canadian GST/HST/QST, and other non-income tax)

Successful Resolution of Tax Audits

Assist in federal and state income tax audits, as needed

• Gather and analyze information in response to IDRs, draft clear and comprehensive written responses, develop and assess audit strategy with senior tax manager

Consistent and Accurate Transfer Pricing

• Review TP adjustments quarterly, annually prepared by local finance. Advise on any changes in TP target/calculation, approve adjustment, and ensure entry is posted correctly so that entity is in line with expected earnings targets, including any relevant brandowner recharges.
• Prepare budgeted transfer pricing (“TP”) segmentations, actual TP results versus targets, necessary TP information for 3rd party annual TP report preparers, review annual TP reports.
• Ensure business changes and impact on transfer pricing are timely considered and properly executed including intercompany agreements, recharges amongst legal entities, new TP segments and other supporting documentation and consulting with external advisors as needed.

Develop Talent and Capability

• Provide leadership and continuous coaching in order to ensure high-performance behavior and results of Tax Seniors.
• Build and foster a solid business partnership with NAM Finance and functional leads, Global Tax team members, Shared Service Center, and across all other departments.

To be successful in this role you will have/be:

• 5+ years of experience with federal and state income tax compliance

• Strong tax technical skills including UNICAP and working knowledge of U.S. transfer pricing regulations

• Strong experience in cost accounting

• Strong tax financial reporting skills and working knowledge of US GAAP including reserves, deferred tax accounting, valuation allowances, etc.

• Working knowledge of SAP with the ability to retrieve account balances and journal entries

• Inquisitive and curious about the business and drive for results

• Highly disciplined and comfortable in a fast-paced environment

• Effective verbal and written communication skills

• Effective collaboration skills to work successfully in a team environment

• BS in Accounting

• CPA or MST preferred

The following experiences are preferred:

• Big 4 accounting firm experience or comparable preferred

• Experience with US IRC Sec 263A Uniform Capitalization Rules, and foreign tax credit strongly preferred

• Branch accounting experience preferred

• Fluency in Spanish an asset

LEADERSHIP AGILITY

At Bacardi we care deeply about finding brilliant talent who can bring the following personal attributes to help elevate our 3Fs: Fearless, Family, Founder culture to the next level.

• Belonging: You have a strong capacity to create a culture of ‘Belonging’, where people feel appreciated for who they are, what they do, and who they can become

• Self-Awareness: You have high levels of self-awareness, are reflective and know yourself well, understanding both your own strengths and weaknesses and your impact on others

• People Agility: You bring a deep ability to understand and relate to people and navigate through tough situations to harness and multiply collective performance

• Results Agility: You demonstrate consistent delivery of results in first-time situations by inspiring teams, exhibiting a presence that builds confidence in yourself and others.

• Mental Agility: You can think critically to penetrate complex problems and expand the possibilities by making fresh connections. You think strategically whilst being execution focused and bring creativity to the challenges you’re presented with

• Change Agility: You have a deep natural curiosity, desire to experiment and ability to effectively deal with the heat of change. You have a growth and learning mindset: ready to test, stumble, learn and apply from experience

Disclaimer: Bacardi seeks talent from all backgrounds to bring diversity of thought, agility and capability to our organization across the globe. We promote a working environment where all employees are treated and rewarded fairly. We do not tolerate any form of discrimination that adversely affects individuals or groups on the basis of national origin, race, color, religion, sex, gender, sexual orientation, marital status, disability, age, and any other legally protected aspect of a person’s identity.

U.S. applicants have rights under Federal Employment Laws.

Perks of Working for us

At Bacardi,we arecommitted toproviding ourPrimos (employees) with a comprehensive Total Rewards package ofcompensation, benefits, incentives, allowances, well-being, and much more to meet the needs of themselves and their families. It goes beyond just Cash! The total rewards program is based on pay for performance, whereby the incentive programs are linked to company and individual performance.

Compensation, Paid Time Off & Retirement:

• Competitive Pay Package

• Competitive Holiday/Paid Time Off, plus additional days offered ( i.e., volunteer day, allowing you to give back to the community)

• Retirement/Pension Plan

Health & Wellbeing

• Medical, Critical Illness, and Life Insurance

• Employee Assistance Programs

• Best-in-class, family-friendly, and inclusive leave policies

Additional Benefits

The benefits /perks may vary depending on the nature of your employment with Bacardi, your work location, and are subject to change. Some benefits may be subject to an employee contribution. Some benefits may be fully or partially subsidized. Incentive plans are linked to the nature of your employment and can vary based on region, market, function or brand.