Director of Tax Reporting and Compliance

2 weeks ago


Minneapolis, United States U.S. Bank Full time

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 We are seeking an experienced tax professional that will play a key role in U.S. Bank’s tax organization. The Director of Tax Reporting and Compliance will manage a wide range of tax matters including tax provision, monitoring legislation, research, compliance, and audit defense. The position will partner across the corporate tax function and collaborate cross-functionally to ensure compliance, minimize risk, and support business line goals and objectives. Responsibility detail: Accountable for the global consolidated tax provision, quarterly filings, and preparation and review of related financial statement disclosures; manage communications with internal and external auditors. Manage the co-source vendor relationship and partner with the tax operations team to ensure the accuracy and timeliness of federal and state corporate income tax returns; ensure proper technical review. Produce forecasts of the effective tax rate and variance analysis to support internal reporting and planning. Responsible for the tax risk management framework and controls for tax reporting and compliance. Work closely with the EVP Corporate Tax Director, SVP Tax Planning, and cross-functional teams to support business strategies, including mergers and acquisitions, and analyze the income tax accounting impact. Collaborate with the tax planning and business line support teams to identify and implement reporting and compliance requirements related to Pillar 2 directives, in consultation with external advisers as necessary. Identify and implement improvements to streamline and automate tax provision processes including evaluating and implementing tax technology tools. Monitor legislative and regulatory changes and proactively model changes impacting U.S. Bank. Preparation and review of responses to IRS audits, inquiries, and tax notices; Provide technical assistance with controversy issues associated with the company’s tax positions. Provide additional support, as needed, for tax reporting and compliance initiatives. Preferred Skills/Experience: Bachelor's degree in accounting; CPA and/or MBT preferred. 12+ years of relevant experience in corporate tax with an in-depth knowledge of US GAAP reporting and compliance requirements. ASC 740 proficiency. Demonstrated management and leadership skills. Strong strategic thinking, analytical and problem-solving skills. Ability to effectively collaborate across the various groups within the business organization including legal, accounting, treasury, finance, operations, etc. General understanding of international tax laws and regulations. Experience working with and managing relations with external advisors. Ability to manage multiple priorities. 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 (some may vary based on role, location or hours): 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 EEO is the Law U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. 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. #J-18808-Ljbffr


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