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Tax Manager

$90,000 – $120,000 yearly

Fifth Third Bank

Last Updated: 4/24/22

Job Description

Job Description

*Hybrid role!

GENERAL FUNCTION: Overall management responsibilities for the federal, state and local function for Fifth Third Bancorp & related entities. This includes federal and state income and franchise tax reporting. A very visible people-leader role with endless project possibilities!


ESSENTIAL DUTIES AND RESPONSIBILITIES:

  • Manages and directs the preparation of the federal and state tax returns of Fifth Third Bancorp and related entities including quarterly estimated tax payments.
  • Manages and reviews the tax return preparation.
  • Reads, comprehends and interprets tax laws and regulations required to produce accurate federal, state and local tax returns.
  • Maintains adequate documentation to substantiate deductions taken, income claimed and basis for tax treatment or special items.
  • Manages the computation of quarterly estimated tax payments.
  • Manages the accounting for income taxes for various members of Fifth Third Bancorp and subsidiaries.
  • Manages accounting for tax expenses as well as tax payable, deferred income taxes, and analysis of contingency items.
  • Overall responsibility for inter-company tax allocations.
  • Oversees the booking of tax accounting entries and the tax "cleanup" entry.
  • Integrates the tax accounting records of acquired entities into the appropriate records.
  • Tax Research and Planning.
  • Manages research of corporate tax issues of law raised during the preparation of the federal and state returns.
  • Manages tax planning projects as needed.
  • Generates meaningful tax savings recommendations.
  • Manages Department Resources and Budget.
  • Manages the staffing, performance plans and salary administration for the department employees.
  • Allocates and reviews work, provides training, works with staff to set and achieve objectives, and guides and advises subordinates for individual development.
  • Motivates the employees in the area through decisions regarding pay, placement, and promotions.
  • Measures the department's employees by establishing performance standards and comparing actual performance against those standards.

Specific Responsibilities as Assigned: Examples of Areas of focus include:

  • Managing and reviewing preparation of the analysis of receipts, property and payroll for state income and franchise tax compliance.
  • Managing tax department integration of acquisitions including outsourcing of final tax returns of final returns for the acquired entity.
  • Maintaining quarterly calculations of the Alternative Minimum Tax liability as needed.
  • Responsible for analyzing and recording the tax effect of purchase method accounting as it relates to acquisitions.
  • Establish and Maintain Work Relationships with Line of Business and Finance Personnel to:
  • Explain tax consequences of business decisions
  • Promote business developments
  • Obtain information about new initiatives of tax consequences.

SUPERVISORY RESPONSIBILITIES:

Responsible for providing employees timely, candid and constructive performance feedback; developing employees to their fullest potential and provide challenging opportunities that enhance employee career growth; developing the appropriate talent pool to ensure adequate bench strength and succession planning; recognizing and rewarding employees for accomplishments.

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

  • Bachelors degree in Accounting or Finance.
  • CPA or MBA required.
  • Minimum of 10 years corporate tax experience required.
  • Knowledge of Financial Institution taxation issues.
  • Proficiency with Microsoft Office software including Word, Excel, Access, PowerPoint.
  • Understanding of tax return preparation software required (preferably CorpTax).
  • Effective group presentation skills.
  • Strong verbal and written communication skills.
  • Strong leadership and organizational skills.
  • Strong interpersonal skills.



Company Details

Cincinnati, Ohio, United States