Treasury Wine Estates
Tax Manager
Treasury Wine Estates, Napa, California, United States, 94559
About the Company:
Treasury Wine Estates (TWE) is one of the world's leading wine companies. We know that it's the thinkers, makers, and doers who have the most impact as we continue to strive towards being recognized as the world's most desirable luxury wine company.
Treasury Americas is focused on portfolio premiumization and brand-led marketing. With our world-class production facilities and wineries located in the iconic Napa, Sonoma, and Central Coast wine regions of California, we are proud of our portfolio of brands that have tremendous heritage, rich quality, and a reputation for excellence across the globe. From the iconic luxury of Penfolds, Stags' Leap, Beaulieu Vineyards, and Beringer, to the broad appeal of Sterling Vineyards, Etude, Matua and newer brands like Frank Family Vineyards and 19 Crimes, we are committed to creating memorable wine experiences for our consumers.
About the Role
TWE is hiring an experienced Tax Manager for our Americas Region to work under the direction of the Americas Tax Director. This role is responsible for managing all aspects of income and property tax accounting, compliance, and controversy and for supporting the Tax Director with other taxes and projects.
Work location: Required to work in the Napa office 2 days per week (Tue-Wed)
Key Responsibilities
The key areas of responsibilities are:
* Income Tax Provision* Income & Other Direct Tax Returns* Transfer Pricing and other Related Party reporting* Property tax
Income Tax Provision:
* Prepare the US and Canada semi-annual Income Tax Provisions under International Financial Reporting Standards (IFRS) for review by the Americas Tax Director and subsequent reporting to Treasury Wine Estates Limited.* Income tax provision responsibilities include, but are not limited to:* Review tax depreciation calculations and fixed asset reconciliations* Prepare tax amortization calculations and intangible asset reconciliations* Prepare or review section 263A calculations: Unicap and Capitalized Interest* Prepare or review Research and Development study calculations* Research and determine income tax positions for international transactions, including BEAT (base erosion anti-abuse tax) treatment and reporting.* Prepare tax provision journal entries, disclosures, and flux analysis* Calculate projected taxable income and prepare tax attribute utilization forecast* Calculate projected cash tax payments* Prepare quarterly balance sheet reconciliations with variance analysis* Provide external auditors with all required information and responses to queries
Income & Other Direct Tax Returns
* Perform annual review of tax depreciation setup in JDE for the Federal, Federal AMT, California, and California AMT tax fixed asset registers* Prepare Form 4562 (depreciation) and Form 4797 (disposals) fixed asset workpapers required for income tax reporting (Separate versions required for Federal, California, and California AMT)* Provide information for and review International Forms 5472* Prepare foreign tax credit calculations* Prepare state apportionment* Review nexus in states in which Treasury Wine Estates Americas currently claims protection under PL 86-272* Review state income tax calculations and tax returns* Calculate estimated quarterly income tax due for all Federal and State jurisdictions and manage the payment process* Review extension calculations prepared by co-source provider and manage all extension filings and payments* Manage all aspects of US and Canada income and treaty-based return filings, including coordination with TWE's co-source provider who prepares the forms.* Income tax return responsibilities include, but are not limited to:* Prepare annual US Withholding Tax Returns, Forms 1042 and all related balance sheet reconciliations. Manage all payments for US income tax withholding.
Transfer Pricing and other Related Party reporting:
* Manage all US transfer pricing responsibilities, including semi-annual calculations, journal entries, and preparation of appropriate contemporaneous documentation reports between all related parties.* Collaborate with the Global Tax Team on transfer pricing methodology changes and implementation.* Collaborate with the offshore RTR team on changes to transfer pricing process, including providing updated training and documentation.* Support the Americas Tax Director Global Tax team in developing and implementing processes for compliance with OECD Pillar 2.* Coordinate and prepare other foreign corporation filings as required for submission to Global Tax in relation to compliance for other countries including Australia.
Property Tax
* Manage the annual Business Property Tax filings with Deloitte for all California locations, including compiling and reconciling fixed asset data on a calendar year basis.* Review property tax bills due in March, August, and November, prepare summary of tax by parcel and business unit, and manage payment approval and submission.* Review and verify the accuracy of supplemental property tax bills and process payment.* Prepare forecast of property tax by business unit for Finance budgeting. Compare actual to budget, investigate significant variances, and provide explanation where applicable.* Manage all recurring 4-year audits by California counties.* Advise business partners on property tax impacts of transactions.* Identify and pursue property tax savings opportunities.
About You
You have a Bachelor's degree in accounting or finance. You have 5 or more years of experience in income tax compliance, income tax provision and financial statement reporting. You are highly organized, accurate and able to meet tight deadlines. You are systems savvy and have developed advanced Microsoft Excel skills. You are curious, inquisitive, and collaborative with the ability to partner with multiple business partners. This is a great opportunity for candidates from Public Accounting with income tax compliance and provision experience who are looking to move to a corporate tax role.
Other experience:
* Strong understanding of financial reporting for income tax under either GAAP or IFRS.* Strong understanding of federal and state income tax regulations.* Ability to work independently while managing multiple tasks.* Well-developed analytical and critical thinking skills.* Outstanding written and verbal communication skills.* Motivation to develop and improve business processes.* Ability to build strong and effective working relationships with individuals at all levels, both within the organization and externally.* Experience working directly with tax authorities to manage inquiries and audits.* Experience with manufacturing companies (including cost accounting, UNICAP and capitalized interest), international tax, and/or property tax a plus.* CPA or EA license a plus
What's in it for you
* The opportunity to be bold and make an impact in the world of wine.* Access to the world's most celebrated wines through our employee product allowance.* True flexibility in determining how, when, and where you work to achieve your potential.* Global opportunities across the US, Australia & New Zealand, Asia, UK/Europe.* Opportunity to build a career across multiple functions (we're really good at doing this!).* Structured development programs to support your health, wellbeing, and career.* "TWEforME Day" -an additional day of leave each year, for you to do you!* Competitive benefits package including: Medical, Dental, and Vision, Paid Time. Off.(vacation, sick time, and holidays), 401K with company match, and much more!
Culture
We bring our whole selves, we're courageous and we deliver together -that's our DNA. We're a passionate bunch who enjoy working together, like to have fun, and keep things down-to-earth. We're brave enough and care enough to have the right conversations to get the best outcome and are famous for our can-do attitude. We're definitely "glass half full" people and see challenges as opportunities and move with pace to achieve our goals.
If you're ready to help us be the world's most admired premium wine company, please apply now!
Inclusion, Equity and Diversity
Just like the wide range and variety of brands in our wine portfolio, TWE embraces diversity and is proud to be an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or on the basis of disability.
Apply Today!
We do move quickly at TWE and continually review applications, so if you don't want to miss out, please apply today!
Pay Transparency Disclosure: The base pay range offered for this position is $124,000 to $148,000 a year. These figures represent what we reasonably expect to pay for this position, but the actual compensation offered will depend upon numerous job-related factors, including but not limited to candidate qualifications, skills, experience, education, location, and alignment with market data. Our expectation is that the incumbent will work out of the Napa, CA area. If the incumbent works out of another location, the wage rate may fall above or below this range. Treasury reserves the right to modify the range in the future.
Treasury Wine Estates (TWE) is one of the world's leading wine companies. We know that it's the thinkers, makers, and doers who have the most impact as we continue to strive towards being recognized as the world's most desirable luxury wine company.
Treasury Americas is focused on portfolio premiumization and brand-led marketing. With our world-class production facilities and wineries located in the iconic Napa, Sonoma, and Central Coast wine regions of California, we are proud of our portfolio of brands that have tremendous heritage, rich quality, and a reputation for excellence across the globe. From the iconic luxury of Penfolds, Stags' Leap, Beaulieu Vineyards, and Beringer, to the broad appeal of Sterling Vineyards, Etude, Matua and newer brands like Frank Family Vineyards and 19 Crimes, we are committed to creating memorable wine experiences for our consumers.
About the Role
TWE is hiring an experienced Tax Manager for our Americas Region to work under the direction of the Americas Tax Director. This role is responsible for managing all aspects of income and property tax accounting, compliance, and controversy and for supporting the Tax Director with other taxes and projects.
Work location: Required to work in the Napa office 2 days per week (Tue-Wed)
Key Responsibilities
The key areas of responsibilities are:
* Income Tax Provision* Income & Other Direct Tax Returns* Transfer Pricing and other Related Party reporting* Property tax
Income Tax Provision:
* Prepare the US and Canada semi-annual Income Tax Provisions under International Financial Reporting Standards (IFRS) for review by the Americas Tax Director and subsequent reporting to Treasury Wine Estates Limited.* Income tax provision responsibilities include, but are not limited to:* Review tax depreciation calculations and fixed asset reconciliations* Prepare tax amortization calculations and intangible asset reconciliations* Prepare or review section 263A calculations: Unicap and Capitalized Interest* Prepare or review Research and Development study calculations* Research and determine income tax positions for international transactions, including BEAT (base erosion anti-abuse tax) treatment and reporting.* Prepare tax provision journal entries, disclosures, and flux analysis* Calculate projected taxable income and prepare tax attribute utilization forecast* Calculate projected cash tax payments* Prepare quarterly balance sheet reconciliations with variance analysis* Provide external auditors with all required information and responses to queries
Income & Other Direct Tax Returns
* Perform annual review of tax depreciation setup in JDE for the Federal, Federal AMT, California, and California AMT tax fixed asset registers* Prepare Form 4562 (depreciation) and Form 4797 (disposals) fixed asset workpapers required for income tax reporting (Separate versions required for Federal, California, and California AMT)* Provide information for and review International Forms 5472* Prepare foreign tax credit calculations* Prepare state apportionment* Review nexus in states in which Treasury Wine Estates Americas currently claims protection under PL 86-272* Review state income tax calculations and tax returns* Calculate estimated quarterly income tax due for all Federal and State jurisdictions and manage the payment process* Review extension calculations prepared by co-source provider and manage all extension filings and payments* Manage all aspects of US and Canada income and treaty-based return filings, including coordination with TWE's co-source provider who prepares the forms.* Income tax return responsibilities include, but are not limited to:* Prepare annual US Withholding Tax Returns, Forms 1042 and all related balance sheet reconciliations. Manage all payments for US income tax withholding.
Transfer Pricing and other Related Party reporting:
* Manage all US transfer pricing responsibilities, including semi-annual calculations, journal entries, and preparation of appropriate contemporaneous documentation reports between all related parties.* Collaborate with the Global Tax Team on transfer pricing methodology changes and implementation.* Collaborate with the offshore RTR team on changes to transfer pricing process, including providing updated training and documentation.* Support the Americas Tax Director Global Tax team in developing and implementing processes for compliance with OECD Pillar 2.* Coordinate and prepare other foreign corporation filings as required for submission to Global Tax in relation to compliance for other countries including Australia.
Property Tax
* Manage the annual Business Property Tax filings with Deloitte for all California locations, including compiling and reconciling fixed asset data on a calendar year basis.* Review property tax bills due in March, August, and November, prepare summary of tax by parcel and business unit, and manage payment approval and submission.* Review and verify the accuracy of supplemental property tax bills and process payment.* Prepare forecast of property tax by business unit for Finance budgeting. Compare actual to budget, investigate significant variances, and provide explanation where applicable.* Manage all recurring 4-year audits by California counties.* Advise business partners on property tax impacts of transactions.* Identify and pursue property tax savings opportunities.
About You
You have a Bachelor's degree in accounting or finance. You have 5 or more years of experience in income tax compliance, income tax provision and financial statement reporting. You are highly organized, accurate and able to meet tight deadlines. You are systems savvy and have developed advanced Microsoft Excel skills. You are curious, inquisitive, and collaborative with the ability to partner with multiple business partners. This is a great opportunity for candidates from Public Accounting with income tax compliance and provision experience who are looking to move to a corporate tax role.
Other experience:
* Strong understanding of financial reporting for income tax under either GAAP or IFRS.* Strong understanding of federal and state income tax regulations.* Ability to work independently while managing multiple tasks.* Well-developed analytical and critical thinking skills.* Outstanding written and verbal communication skills.* Motivation to develop and improve business processes.* Ability to build strong and effective working relationships with individuals at all levels, both within the organization and externally.* Experience working directly with tax authorities to manage inquiries and audits.* Experience with manufacturing companies (including cost accounting, UNICAP and capitalized interest), international tax, and/or property tax a plus.* CPA or EA license a plus
What's in it for you
* The opportunity to be bold and make an impact in the world of wine.* Access to the world's most celebrated wines through our employee product allowance.* True flexibility in determining how, when, and where you work to achieve your potential.* Global opportunities across the US, Australia & New Zealand, Asia, UK/Europe.* Opportunity to build a career across multiple functions (we're really good at doing this!).* Structured development programs to support your health, wellbeing, and career.* "TWEforME Day" -an additional day of leave each year, for you to do you!* Competitive benefits package including: Medical, Dental, and Vision, Paid Time. Off.(vacation, sick time, and holidays), 401K with company match, and much more!
Culture
We bring our whole selves, we're courageous and we deliver together -that's our DNA. We're a passionate bunch who enjoy working together, like to have fun, and keep things down-to-earth. We're brave enough and care enough to have the right conversations to get the best outcome and are famous for our can-do attitude. We're definitely "glass half full" people and see challenges as opportunities and move with pace to achieve our goals.
If you're ready to help us be the world's most admired premium wine company, please apply now!
Inclusion, Equity and Diversity
Just like the wide range and variety of brands in our wine portfolio, TWE embraces diversity and is proud to be an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or on the basis of disability.
Apply Today!
We do move quickly at TWE and continually review applications, so if you don't want to miss out, please apply today!
Pay Transparency Disclosure: The base pay range offered for this position is $124,000 to $148,000 a year. These figures represent what we reasonably expect to pay for this position, but the actual compensation offered will depend upon numerous job-related factors, including but not limited to candidate qualifications, skills, experience, education, location, and alignment with market data. Our expectation is that the incumbent will work out of the Napa, CA area. If the incumbent works out of another location, the wage rate may fall above or below this range. Treasury reserves the right to modify the range in the future.