Manager - Corporate Income Tax

Responsible for federal, state and local income tax compliance, income tax accounting (FAS 109), and other research and planning related to the domestic operations for Verizon Business.Position reports to Director - Income Tax, Verizon Business and works with existing Verizon Business and Corporate functions (including: Tax, Finance, Treasury, HR, IT and Legal).This position demands a high degree of accountability, accuracy, initiative, and timeliness.The candidate must be self-motivated, yet comfortable in a team environment.

Income Tax Compliance:Plan, direct and review assigned federal, state and local income tax compliance activities (including annual returns, quarterly estimates, strategic projections, and corporate annual reports) while being cognizant of the tax implications of related parties (Domestic and International).Plan, direct and provide management recommendations with respect to federal, state and local tax implications of proposed business transactions and/or federal and state legislation.Maintain CorpTax calendar for compliance and accounting due dates.Analyze and review appropriate responses to federal and state regulatory and taxing authorities in cooperation with the Tax Manager - Controversy and Audit and the Corporate tax audit function.Establish, document and maintain Verizon Business federal and state tax compliance policies and procedures (including Schedule M desktop procedures and annual return and quarterly estimate workflow processes) in order to file complete and accurate returns.

Income Tax Accounting (FAS 109):Planning, direction and review of all assigned federal and state income tax accounting with a comprehensive understanding of FAS 109 including maintenance of required Book to Tax Basis Balance Sheets.Review, monitor and provide all current and deferred tax accruals (and related valuation allowances), reserves and tax return to provision reconciliations including the appropriate detailed supporting documentation in accordance with FAS 109.Implement and maintain TaxStream (109 accounting software) and achieve reporting synergies.Review federal and state impacts related to purchase accounting and associated goodwill impacts of Verizon's acquisition

Research and Planning:Plan, direct and provide management recommendations with respect to federal, state and local tax implications of proposed business transactions and/or federal and state legislation, regulations and/or rulings. Review current operations and transactions. Propose changes to optimize tax structures consistent with business needs and/or objectives (including specific plans to utilize available federal and state income tax attributes and eliminate stranded state tax losses).Assist in the development of tax planning strategies and due diligence as required.Develop and maintain relationships with various enterprise functions within Verizon in order to gain compliance, accounting and reporting efficiencies.Establish, document and maintain process flows and descriptions and the applicable related internal controls as required by Sarbanes-Oxley.

Required Skills and Experience: Minimum of five years experience in a public and/or corporate tax accounting environment with specific responsibilities in compliance, accounting and audit.Comprehensive knowledge of Income Tax Accounting under FAS 109.Extensive federal, state and local income tax compliance experience.BA/BS in Accounting or equivalent work experience.Strong verbal and written communication skills.

Desired Skills and Experience: Previous experience as Supervisor w/ management direct reports.CPA or advanced degree or equivalent work experienceKnowledge of CorpTax, Hyperion, PeopleSoft, SAP, Essbase, TaxStream.PC proficient with expertise in Microsoft Office (Excel, Word, PowerPoint) .
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