DescriptionThe Senior Tax Manager is responsible for the complete income tax cycle for the US operations of the Pepsi Beverages Americas Division (PBA).
These responsibilities include forecasting the effective tax rate, reviewing the quarterly tax provision, oversight of the federal and state income tax compliance, research and planning, and audit defense.
The PAB Division manufactures and distributes food and beverage products throughout the United States with annual sales revenue in excess of $10 billion.
The Senior Tax Manager position reports on a functional matrix basis to the Directors of Federal Income Tax, Tax Accounting and Tax Audits all of whom are based in Purchase, NY and the Director of State Tax who is based in Chicago.
The position has significant interaction with the finance groups for the Pepsi-Cola North America business unit which is based in Purchase and the Quaker Foods and Snacks, Tropicana and Gatorade business units which are Chicago.
This position will directly manage four to five tax accountants.
This position is responsible for supporting the complete tax cycle of PepsiCo, Inc. and subsidiaries with primary responsibilities for the PepsiCo Americas Foods (PAB) division and is based in Chicago, IL. PRINCIPAL ACCOUNTABILITIESTax Forecasting- Forecast the effective and cash tax rates for planning and quarterly reporting.
- Provide financial analysis to support tax planning initiatives and projects.
- Consult with tax planning staff to forecast the impact of proposed transactions.Tax Accounting- Review PAB FAS 109 calculation.
- Coordinate quarterly review by the independent accounting firm (as needed).
- Verify tax accounting accuracy and maintain policies and procedures.
- Work with the planning group to properly report transactions.
- Sarbanes Oxley compliance.
Research and Planning- Identify and support initiatives to deliver the lowest sustainable effective tax rate.
- Identify and support projects which will reduce the current cash tax rate.
- Act as local tax advisor to the PAB business units.
- Represent the Tax Department with the business units, aligning tax department resources to resolving issues as well as suggest tax efficient alternatives.
- Provide local tax support to the Purchase based Tax Department.
- Communicate relevant tax data to facilitate planning efforts.Tax Compliance- Manage and review the preparation of the federal income tax returns for the PAB division companies which are included in the consolidated PepsiCo, Inc. filing.
- Manage and review the preparation of the PAB division separate state income and franchise tax returns and the assigned PepsiCo state income tax unitary filings.
- Review provision to return calculation.
Management- Develop, lead, recruit and retain direct reports.
- Provide the foundation for successful tax accounting reporting by cultivating a high level of tax accounting expertise and a deep knowledge of the business.
- Foster an environment of trust and inclusion.
- Ensure that direct reports are exposed to career development opportunities.
- Develop strong relationships with business partners.
- Participate in external tax professional groups and organizations.
- Maintain a focus on continuing to develop technical tax expertise.
Tax Specialty BreakdownFederal – 50%State and Local – 50%Estimated Specific Responsibility BreakdownTax return review – 35%Research, planning and business support – 25%FAS109/Forecasting – 20%Audit Defense – 20%Requirements: – Bachelors Degree in Accounting or Finance.
8-10 Years Large Corporate or Large Public Tax Experience- Minimum of 8 years, with at least 5 years of Big 4 or equivalent experience preferred and 3-5 years of managerial responsibility.
- Ability to generate creative ideas and solutions, prioritize and deliver results.
- Strong analytical skills.
- Intermediate level of tax technical expertise.
- Strong communication and interpersonal skills.
- Self-starter with ability to manage competing projects in time-constrained environment.
- Thorough understanding of FAS 109, Accounting for Income Taxes.
- Experience with CorpTax or similar tax software.
- Demonstrated ability to build and lead cross-functional teams.
Travel Requirements – Approximately 15% Domestic
Sr. Tax Manager PAB Division Job Job in Chicago, Illinois US
