Open Jobs

Finance Jobs

 

 

Company located in OH – Client pays full cost of relocation
Partnership Tax Compliance Supervisor – To $150K + target 20%-25% bonus

Summary:
• The Partnership Federal Income Tax Compliance section is responsible for federal partnership income tax compliance requirements for the Client, principally consisting of publicly traded master limited partnerships.
• The Team Lead is responsible for the initial production and review of all partnership income tax returns within the Master limited partnerships, including all form K-1s.
• In this role, the Team Lead position is responsible for reviewing, analyzing, and ensuring the partnership income tax compliance is performed in accordance with the master limited partnership agreement and the applicable tax law.
• The Team Lead partners with other Tax Organization sections and interfaces with Accounting, Financial Planning, Business Development, and Internal Audit, as well as with outside parties including the financial audit and tax service teams. The Team Lead creates a team environment and assists in training staff analysts.
Responsibilities:
1. Responsible for conducting and reviewing the analysis of changes to partnership income tax law. The Team Lead possesses the detailed knowledge needed to identify specific processes and procedures needed to comply with all relative tax laws and regulations. When new tax laws, regulations, and regulatory guidance are issued the team lead assists in studying the new law and government issued guidance to be able to discuss the effect of the changes with the Partnership Income Tax Operations Manager for implementation to ensure the partnerships remain in compliance.
2. The Team Lead works directly with the partnership K-1 systems service provider to ensure the K-1 processing system calculates the K-1 investors’ information correctly. The Team Lead, with the direction of the Partnership Income Tax Operations Manager, oversees the timely K-1 processing. This includes insuring the IRS tax package is issued in accordance with the tax laws and regulatory guidance in effect at time of issuance.
3. Working with the Partnership Income Tax Operations Manager and the tax personnel of non-operated partnerships. The Team Lead reviews all partnership agreements and assists the manager to inform third party operators about MPLX’s tax information needs. The team lead maintains effective relationships with third party tax information providers.
4. Responsible for the review and preparation of tax return work-papers. The more complex tax compliance tasks are assigned to the Team Lead and are reviewed by the manager. Tasks where established procedures exist are performed by staff tax analysts and reviewed by the Team Lead.
5. The Team Lead will also review the preparation of the annual Schedules K-1, including monthly and annual schedules of book to taxable income, net cash equivalents, and financial and tax basis balance sheets.
6. Reviews and reconciles inputs and outputs from the database, including documenting compliance with internal controls.
7. Reviews tax fixed asset activities as supported in the Client's internal and K-1 service providers systems.
8. Reviews SAP tax depreciation and gain/loss calculations, analyzing partnership depreciation and gains/losses to partners.
9. Provide analysis and information required for business development and tax planning activities.
10. Interface with the Client and Accounting Organization personnel to obtain and understand financial data and transactions.
11. Investigate and respond to public unitholder inquiries.

Qualifications:
Degree: Bachelor’s degree in Accounting required, a master’s degree in accounting or taxation strongly preferred
Certifications: Certified Public Accountant is strongly preferred and will be required for promotion to manager positions
Computer Proficiencies: SAP, Oracle, and Corptax income tax compliance and provision software experience is preferred. A strong proficiency in Excel is required.

Work Experience:
The Team Lead will have a minimum of 5 years of recent federal partnership income tax compliance experience and 8 or more total years of corporate and/or partnership income tax compliance experience overall. The individual selected for this position will establish themselves as the “go-to” person for the area they are asked to lead.

Contact: hankl@howardsloan.com