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Tax Manager, Compliance & Provision
- JBT Corporation (Chicago, IL)
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Overview ... At JBT Marel, what we do matters, we know that the contribution of our employees leads to the success of our business. Our purpose is to transform the future of food; this guides our vision of being the global leader in food and beverage technology, by harnessing the full power of JBT Marel to partner with our customers and pioneer sustainable innovation. Our values show who we are at our best. As we Create with Collaboration, Serve with Integrity, Grow with Excellence, and Advance with Innovation. The Opportunity ... We are looking for an experienced Tax Manager to join our team. The Tax Manager will help manage our US tax compliance and global tax provision functions. We ask that you have an understanding of federal and state tax regulations, and experience in global tax provision and US GAAP/ASC 740 reporting. The Tax Manager will report to the Director, Tax Operations and will have direct supervisory responsibility for the Sr. Tax Analyst. On a given day, you may: Manage the preparation and review of the consolidated and separate company state and local income tax returns, including related apportionment, modification, and credit calculations and supporting workpapers/appendices. Analyze risks and sustainability of various tax positions taken in the tax filings. Prepare the quarterly and annual income tax provision under ASC 740, including analysis of the income tax provision and effective tax rate, tax account reconciliations, and recording tax entries. Help prepare the annual estimated global tax expense for budget and forecasting purposes and develop a standardized approach to communicating changes in the forecasted rate. Manage the preparation and review of US taxable income and deferred tax calculations. Prepare and review US federal and state quarterly estimated tax payments and extensions. Oversee the work of Tax Staff Members, providing detailed review points and guidance. Work with the International Tax Manager concerning all foreign reporting, including GILTI/FDII/BEAT/163(j) calculations. Review tax reporting from non-US locations to identify potential issues, and work with local finance teams to resolve Monitor regulatory updates and assess impact to JBTM Manage US, state, and local tax audits and assist on foreign tax audits. Work with the Sr Manager Reporting Systems to update the financial consolidation tool for changes to tax rates and tax reporting schedules. Ensure all new accounts are incorporated into relevant tax software and chart of accounts. Prepare tax opening balance sheet analysis and tax acquisition memos, including collecting and analyzing pre-acquisition tax returns. Help with due diligence and post-acquisition tax planning. Support design, operation, and monitoring of global tax controls and maintain compliance with Section 404 of the Sarbanes-Oxley Act. Support best practices to ensure efficient, accurate, and repeatable results. Maintain and administer tax software and tools used for tax reporting and compliance. Support analysis and assessment of income tax accounting impacts from unique transactions, acquisitions, restructurings, and other planning projects. Requirements for the role Bachelor's degree in Accounting; CPA desired. 5+ years of experience in federal and state tax compliance and provision. Experience with ASC 740 and global tax reporting. Experience managing tax teams. Work collaboratively across departments. You must be authorized to work in the US without sponsorship now or in the future. Travel & Location This position is hybrid in Chicago, IL #LI-Hybrid #LI-KF1 Why work at JBT ... We are committed to our employees and will provide you with development and opportunities to allow you to be the best version of yourself at work, at home, and in your community. We foster a genuine inclusive team culture enjoying collaborative working across our global teams to deliver world-class projects. We encourage development - ensuring new experiences and challenges at JBT Marel to feed your growth! Benefits: JBT Marel offers benefits on day 1 of your employment. Including: Medical, Dental, life insurance, short-term and long-term disability, family leave, vision coverage, and a matched 401(k) plan. Commitment to Diversity: Diversity, Equity, Inclusion, and Belonging is a fundamental value to JBT Marel and critical to our future success. A thoughtful, focused, and sustained effort to work towards our DEIB goals is not just a principled choice, but also a business imperative. Equal Opportunity Employment: JBT Marel provides equal employment opportunity to all employees and qualified applicants for employment. We will not tolerate any form of discrimination against any employee or applicant for employment because of race, color, religion, national origin, sex, sexual orientation, gender identity, age, disability, veteran status, citizenship, or any other characteristic protected by applicable federal, state, or local laws. At JBT Marel, we apply this policy to all our employment practices, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, benefits, and training. We make hiring decisions based solely on qualifications, merit and business needs at the time. JBT Marel will reasonably accommodate applicants who need adjustments to participate in the application or interview process. If you require assistance or accommodation during the application process, please contact JBT Marel at 844-286-4524. We are committed to our employees and will provide you with development and opportunities to allow you to be the best version of yourself at work, at home, and in your community. We foster a genuine inclusive team culture enjoying collaborative working across our global teams to deliver world-class projects. We encourage development - ensuring new experiences and challenges at JBT Marel to feed your growth! Benefits: JBT Marel offers benefits on day 1 of your employment. Including: Medical, Dental, life insurance, short-term and long-term disability, family leave, vision coverage, and a matched 401(k) plan. Commitment to Diversity: Diversity, Equity, Inclusion, and Belonging is a fundamental value to JBT Marel and critical to our future success. A thoughtful, focused, and sustained effort to work towards our DEIB goals is not just a principled choice, but also a business imperative. Equal Opportunity Employment: JBT Marel provides equal employment opportunity to all employees and qualified applicants for employment. We will not tolerate any form of discrimination against any employee or applicant for employment because of race, color, religion, national origin, sex, sexual orientation, gender identity, age, disability, veteran status, citizenship, or any other characteristic protected by applicable federal, state, or local laws. At JBT Marel, we apply this policy to all our employment practices, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, benefits, and training. We make hiring decisions based solely on qualifications, merit and business needs at the time. JBT Marel will reasonably accommodate applicants who need adjustments to participate in the application or interview process. If you require assistance or accommodation during the application process, please contact JBT Marel at 844-286-4524. We are looking for an experienced Tax Manager to join our team. The Tax Manager will help manage our US tax compliance and global tax provision functions. We ask that you have an understanding of federal and state tax regulations, and experience in global tax provision and US GAAP/ASC 740 reporting. The Tax Manager will report to the Director, Tax Operations and will have direct supervisory responsibility for the Sr. Tax Analyst. On a given day, you may: Manage the preparation and review of the consolidated and separate company state and local income tax returns, including related apportionment, modification, and credit calculations and supporting workpapers/appendices. Analyze risks and sustainability of various tax positions taken in the tax filings. Prepare the quarterly and annual income tax provision under ASC 740, including analysis of the income tax provision and effective tax rate, tax account reconciliations, and recording tax entries. Help prepare the annual estimated global tax expense for budget and forecasting purposes and develop a standardized approach to communicating changes in the forecasted rate. Manage the preparation and review of US taxable income and deferred tax calculations. Prepare and review US federal and state quarterly estimated tax payments and extensions. Oversee the work of Tax Staff Members, providing detailed review points and guidance. Work with the International Tax Manager concerning all foreign reporting, including GILTI/FDII/BEAT/163(j) calculations. Review tax reporting from non-US locations to identify potential issues, and work with local finance teams to resolve Monitor regulatory updates and assess impact to JBTM Manage US, state, and local tax audits and assist on foreign tax audits. Work with the Sr Manager Reporting Systems to update the financial consolidation tool for changes to tax rates and tax reporting schedules. Ensure all new accounts are incorporated into relevant tax software and chart of accounts. Prepare tax opening balance sheet analysis and tax acquisition memos, including collecting and analyzing pre-acquisition tax returns. Help with due diligence and post-acquisition tax planning. Support design, operation, and monitoring of global tax controls and maintain compliance with Section 404 of the Sarbanes-Oxley Act. Support best practices to ensure efficient, accurate, and repeatable results. Maintain and administer tax software and tools used for tax reporting and compliance. Support analysis and assessment of income tax accounting impacts from unique transactions, acquisitions, restructurings, and other planning projects. Requirements for the role Bachelor's degree in Accounting; CPA desired. 5+ years of experience in federal and state tax compliance and provision. Experience with ASC 740 and global tax reporting. Experience managing tax teams. Work collaboratively across departments. You must be authorized to work in the US without sponsorship now or in the future. Travel & Location This position is hybrid in Chicago, IL #LI-Hybrid #LI-KF1
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