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Tax Manager, Direct Tax

Company: American Honda Motor Co Inc
Location: Torrance
Posted on: November 17, 2023

Job Description:

Tax Manager, Direct Tax

Location: Torrance, CA

What Makes a Honda, is Who makes a Honda

Honda has a clear vision for the future, and it's a joyful one. - We are looking for individuals with the skills, courage, persistence, and dreams that will help us reach our future-focused goals. -

At our core is innovation. Honda is constantly innovating and developing solutions to drive our business with record success. - We strive to be a company which serves as a source of "power" that supports people around the world who are trying to do things based on their own initiative and that helps people expand their own potential. To this end, Honda strives to realize "the joy and freedom of mobility" by developing new technologies and an innovative approach to achieve a "zero environmental footprint."

We are looking for qualified individuals with diverse backgrounds, experiences, continuous improvement values, and a strong work ethic to join our team.

If your goals and values align with Honda's, we want you to join our team to Bring the Future!

About this Position: -

"Total quality mindset" and effective "corporate social responsibility" are two key corporate goals of AHM. - This job contributes to these goals by enabling the Tax Department to accurately report and pay its income tax liabilities to various income tax authorities and to accurately report on income taxes in its financial statements for the benefit of internal and external stakeholders. - This position enables AHM to meet its legal and regulatory requirements in order to be a "company that society wants to exist." This role is responsible for in-sourcing tax technical expertise (thus resulting in lower law and accounting firm fees), especially in the areas of insurance tax, finance tax, accounting method changes, inventory, fixed assets, and cost segregation, supervising the preparation of timely and complete quarterly and year-end income tax provisions in compliance with IAS 12, FAS 109 and SOX Sec. 404, and the preparation of complete and accurate federal and state income tax returns / work papers for AHM and its subsidiaries by internal due dates. This position requires significant tax provision and compliance technical subject matter expertise, extensive experience in identifying and resolving complex issues, and superior tax quantitative and reporting skills. The rationale for this position is that it can simultaneously: (a) reduce outside provider fees by in-sourcing areas that require tax technical expertise in areas where AHM pays significant fees; and (b) support finance, insurance, and e-side entities where significant retirements and attrition has occurred among Tax leadership.

Responsibilities include:

  • Methods of accounting subject matter expert. - Provide technical guidance across AH-C to ensure proper and consistent positions across AH-C such as:

    • Maintaining a working knowledge of federal and state tax reform provisions and tax law changes affecting AHM and its subsidiaries/affiliates and overseeing incorporation of such changes in the tax calculations
    • Strong knowledge of IRS guidance on changes in methods of accounting, including applications to change from an impermissible method to a permissible method, from one permissible method to another, method change vs error correction and associated consequences, disclosures and mitigation, appropriate character, and effect on timing, such as capital vs ordinary.
    • Fixed asset tax technical subject matter expert responsible for identifying, addressing, and resolving issues related to: TPR; rotables; QIP
    • Cost segregation tax technical subject matter expert responsible for providing analysis and completing studies
    • Inventory tax technical subject matter expert responsible for 263A calculations, LIFO, non-LIFO, and GPE calculations
    • Tax technical subject matter expert responsible for capital versus ordinary deduction, sales apportionment, UNICAP calculations, 163(j) interest expense limitation, and advising on tax settlement allocations

    • Manage the tax provision process for assigned entities which include:

      • Managing assigned entities that are issuing separate financial statements under US GAAP and are therefore subject to a more stringent external audit scrutiny (particularly AHFC, which has SEC reporting obligations)
      • Primary coordinator with external auditors and Honda Motor in responding to their questions regarding the tax provision calculations
      • Manage and maintain internal controls and SOX documentation to ensure compliance with SOX 404. - Participate in the SOX walk-through with external and internal auditors

      • Managing the tax compliance process for assigned entities which include reviewing, supervising, and training in tax technical areas involving the preparation of complete and accurate federal and state income tax returns / work papers by internal due dates.
      • Manage other assignments by deadlines established such as:

        • Federal and state audits by providing the appropriate responses to IRS and states audit information/document requests -
        • Tax Department strategy support
        • Tax planning support and advice
        • Process improvements and maintaining calendar to increase Tax Department efficiency

        • Manage associate development and education which includes:

          • Training and developing associates to complete all Business Objectives and Competencies according to established standards
          • Conducting performance evaluations
          • Developing greater unity and teamwork among associates
          • Mentoring staff

            Who we are seeking:

            Required Work Experience:

            • 20+ years of tax provision experience with a major multinational corporation, Big 4 firm, or equivalent
            • 10+ years of work experience in a law firm, CPA firm (min of 8 years must be in Tax) and/or Tax Dept of a medium to large size multinational publicly traded company with significant experience/knowledge of IAS 12 and/or ASC 740 and Sarbanes-Oxley Section 404 and experience working with external auditors
            • Experience must include preparing, reviewing, and supervising staff in the preparation of federal and multi-state corporate income tax returns
            • Experience must include project management and staff professional development

              Required Education:

              • Bachelor's Degree in Finance, Accounting, Business, or related field
              • CPA, JD, Master's in Accounting, Master's in Taxation, MBA and/or LLM (strongly preferred)

                Desired skills:

                • Technical subject matter expert in insurance tax, finance tax, accounting methods, fixed assets, inventory, cost segregation, and related fields
                • Strong leadership and staff development skills
                • Leadership of large and technically complex tax projects
                • Extensive understanding of tax provision rules and regulations
                • Strong understanding of general accounting, finance, legal and income tax concepts
                • Thorough understanding of tax compliance, planning, and audit technical concepts -
                • Excellent interpersonal, communication, writing, and project management skills
                • Ability to explain tax technical issues to various audiences and adapt the message to the audience
                • Detail-oriented and ability to multitask
                • Advanced MS-Excel skills

                  Additional Position Factors:

                  • Workstyle: - - - - - Hybrid (60% In-Office)
                  • Travel: - - - - - - - - - - - - - - 5%

                    At Honda, you will play a key role in our journey to become a company that society wants to exist now, and in the future. Your endless curiosity will drive innovation and your courageous spirit will challenge the status quo. - We believe having a workforce made up of diverse thinkers and innovators makes us a better Honda. - Respect for each other and respect for diversity each and every day drives our associates to contribute at the highest level and work effectively in a team environment. - We make the dream of mobility a reality with our innovative and high-quality products. Together, we Bring the Future to our customers, associates, and communities. - We are Honda!

                    What differentiates Honda and make us an employer of choice?

                    Total Rewards:

                    • Competitive Base Salary: $113,000 to $169,500

                      ---------------------Pay will be based on several variables that include, but not limited to geographic location, work experience, education, etc.

                      • Annual Bonus
                      • Industry leading Benefit Plans (Medical, Dental, Vision, Rx)
                      • Paid time off, including vacation, paid holidays, sick time, personal days
                      • 401K Plan with company match + additional contribution
                      • Relocation Assistance

                        Career Growth:

                        • Advancement opportunities
                        • Career mobility
                        • Education reimbursement for continued learning
                        • Training and Development programs

                          Additional Offerings:

                          • Wellbeing program
                          • Community service and engagement programs
                          • Product programs
                          • Free drinks onsite

                            Honda is an equal opportunity employer and considers qualified applicants for employment without regard to race, color, creed, religion, national origin, sex, sexual orientation, gender identity and expression, age, disability, veteran status, or any other protected factor.

Keywords: American Honda Motor Co Inc, Torrance , Tax Manager, Direct Tax, Accounting, Auditing , Torrance, California

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