Senior Tax Manager

Job Profile:

This is an exciting opportunity to join a fast-paced software consolidator on a significant growth trajectory with an unmatched M&A environment. As the Senior Tax Manager, you will manage corporate income and sales tax for Banyan-owned software companies. Reporting to the Global Senior Tax Director and working closely with finance and tax team members, the ideal candidate will have a strong background in US corporate tax and exposure to corporate tax in other countries, such as Canada. The candidate must be able to work independently and collaborate with other departments, including M&A, finance, and legal. This role requires a tax professional looking to challenge themselves in a fast-paced, highly acquisitive environment and advance their career in the industry.

Responsibilities:

• Prepare, review and sign US corporate income tax returns and supporting workpapers for Banyan’s US and foreign subsidiaries. This includes calculating tested income and GILTI.
• Identify and resolve complex US tax issues by working with external US tax advisors where appropriate.
• Manage and collaborate with external tax advisors to complete income tax returns for Banyan’s non-US subsidiaries (e.g. Canada).
• Prepare and consolidate income tax provisions for Banyan’s US and non-US subsidiaries. Identify and quantify the impact of purchase price adjustments and other future payouts (e.g. holdbacks, earnouts, phantom equity) on deferred income taxes.
• Review working capital adjustments and purchase price accounting to ensure required income and sales tax liabilities are included.
• Compute, review and maintain transfer pricing calculations. Ensure transfer pricing reports and contemporaneous documentation are timely completed with the assistance of external advisors. Manage transfer pricing payments to ensure they are timely settled and properly recorded.
• Manage and coach income and sales tax specialists based onshore and offshore.
• Oversee sales tax for Banyan’s US and Canadian subsidiaries.
• Work with the finance and treasury teams to repatriate cash using tax-efficient methods. Ensure withholding tax requirements are met.
• Maintain accurate tax records to support and reconcile current tax receivable/payable accounts for each subsidiary.
• Forecast short-term and long-term global cash tax requirements. Prepare tax instalment calculations and timely submit tax payments for each subsidiary.
• Work with the Global M&A Senior Tax Manager and perform pre-acquisition tax planning and due diligence for potential acquisitions.
• Provide verbal and written responses to inquiries from US and non-U.S. tax authorities.
• Complete ad hoc tax projects, including tax research, tax memos, and sales tax analyses.

Qualifications for success:

The ideal candidate for the role will possess the following characteristics:

• CPA accounting designation. Masters of Taxation is an asset.
• 7+ years of US corporate tax experience, including:
• 5+ years of preparing consolidated US federal and multi-state combined income tax returns and provisions.
• Calculating tested income and GILTI for CFCs and preparing Forms 5471.
• Preparing pre- and post-acquisition short-period income tax returns and ensuring the returns are prepared in accordance with the sale/purchase agreement terms.
• Preparing Forms 8023, 8883, and 8594
• Reviewing non-complex US Partnership and S Corporation income tax returns.
• Reviewing working capital adjustments and purchase price accounting to ensure required tax items are included.
• Performing M&A tax planning and due diligence procedures.
• Exposure to the US state and local sales tax.
• Experience collaborating with finance and legal teams, as well as experience liaising with US and Canadian tax authorities.
• Strong accounting knowledge and experience. Experience in identifying when the accounting is incorrect and requires correction.
• Strong verbal and written communication skills, including experience writing tax memorandums.
• Strong analytical and problem-solving skills.
• Excellent attention to detail and ability to manage multiple priorities.
• Highly motivated and energetic with interest in entrepreneurship, software, and finance.

Diversity, Equity, Inclusion & Equal Employment Opportunity at Banyan:

Banyan affirms that inequality is detrimental to our Global Teams, associates, our Operating Companies, and the communities we serve. As a collective, our goal is to impact lasting change through our actions. Together, we unite for equality and equity. Banyan is committed to equal employment opportunities regardless of any protected characteristic, including race, color, genetic information, creed, national origin, religion, sex, affectional or sexual orientation, gender identity or expression, lawful alien status, ancestry, age, marital status, or protected veteran status and will not discriminate against anyone on the basis of a disability. We support an inclusive workplace where associates excel based on personal merit, qualifications, experience, ability, and job performance.