Full Job Description
All posting locations: Chicago, Illinois, United States of America
Job Function: 03 - Finance
Date Published: 09-Nov-2022
Ref #: R-61342
Description & Requirements
The Tax Lead- Global Tax Accounting will detail review the tax provisioning and support the Company's reporting of taxes for the financial statements- earnings and cash-flow forecasts; and detail review and document the tax effects of various business initiatives and process improvements. The successful candidate must have a strong desire to continue to strengthen their skills in accounting for income taxes and work with various areas of Finance including the Global Controllership- Forecast Planning and Analysis- Corporate Accounting & Consolidations- External Reporting- Treasury- and the Corporate Mergers & Acquisition teams.
The Tax Lead- Global Tax Accounting will provide technical expertise in global tax accounting matters and perform tax provisioning in assigned areas by obtaining pertinent data- financials or business facts and analyzing for proper tax accounting treatment. The successful candidate will contribute to ensuring the delivery of complete and accurate global tax provisioning calculations- including income tax expense- deferred taxes- current taxes payable and uncertain tax position reserves- and:
Oversee the Company's detailed inventory of deferred tax assets and liabilities- and uncertain tax position reserves- including quarterly validations
Work with tax colleagues to develop an estimate of the annual effective tax rate and tax cash-flow forecasts for management- identifying known or expected changes in tax legislation- tax audits and projected book/tax differences
Lead global tax automation projects and process improvements
Lead cash flow reporting for both internal and external parties
Review of all M&A- special projects and other strategic initiatives for proper tax treatment
Develop and support the tax amounts in the US GAAP audited financial results reported quarterly and annually to the SEC
Lead the global annual operating plan and 5-year strategic plan process for tax
Lead review and substantiation of the income taxes payable accounts
Lead the review of the annual US federal- state and global return-to-provision reconciliations
Manage the tax function’s SOX controls and testing
Lead and manage the income tax accounting team to meet required deadlines- train and develop staff members- and review ongoing monthly- quarterly- and annual tax provisions
Bachelor's degree in Accounting and CPA required- Master's degree in Taxation strongly preferred
Technical expertise in tax accounting matters- demonstrated by 10 plus years of relevant tax experience preparing and reviewing US GAAP income tax provisions
7 years of experience in tax provisioning interaction between outside auditors and in-house team required (experience can be from working either on the CPA firm side or on the client/industry side of US GAAP audits)
Strong written and verbal skills required
Ability to multi-task and prioritize in complex situations with tight deadlines required
Ability to work on a team and demonstrate flexibility with assignments required
Strong working understanding of financial statements required
Experience with Sarbanes-Oxley section 404 key controls related to accounting for income tax
Ability to challenge tax colleagues on technical matters and support positions taken based on tax knowledge and application of ASC 740 accounting rules to the relevant facts and circumstances is required
Experience in US corporate tax compliance- state taxation and tax audits required
Working knowledge of tax law in key international jurisdictions
Prior experience using tax provisioning software preferred
The Kraft Heinz Company is one of the largest food and beverage companies in the world, with eight $1 billion+ brands and global sales of approximately $25 billion. We’re a globally trusted producer of high-quality, great-tasting, and nutritious foods for over 150 years. Our brands are truly global, with products produced and marketed in over 40 countries. These beloved products include condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee, infant and nutrition products, and numerous other grocery products in a portfolio of more than 200 legacy and emerging brands.
No matter the brand, we’re united under one vision: To sustainably grow by delighting more consumers globally. Bringing this vision to life is our team of 39,000+ food lovers, creative thinkers, and high performers worldwide. Together, we help provide meals to those in need through our global partnership with Rise Against Hunger. We also stand committed to responsible, sustainable practices that extend to every facet of our business, our consumers, and our communities. Every day, we’re transforming the food industry with bold thinking and unprecedented results. If you share our passion – and are ready to create the future, build a legacy, and lead as a global citizen – there’s only one thing to do: join our table and let’s make life delicious!
Our Culture of Ownership, Meritocracy and Collaboration
We're not afraid to think differently. Embrace new ideas. Dream big. We empower our people at every level – from entry-level intern to senior leader – to own their work. We share a responsibility to think like Owners – to be mindful of the collective and sustained success of Kraft Heinz – which we apply to every situation, every day.
As part of Kraft Heinz, you're supported to grow and achieve. You’re expected to bring your authentic self to work every day, to lead with humility, and drive outstanding performance at every level – and you’ll be rewarded. You’re given opportunities to leave a mark and build a legacy. But you won’t do it alone. You’re supported by passionate teammates along the way, and our collective, collaborative spirit fuels our incredible progress.
Vaccination & Office Collaboration Expectations
Our highest priority is always the health, wellbeing, and safety of our Kraft Heinz family. We require our office-based, home-based, R&D, and sales team members to be fully vaccinated against COVID-19, unless approved for a medical or religious accommodation.
We believe our office environment fuels our collaboration, connection & community as an organization and allows our employees to grow toward greatness. We also believe providing a more flexible and agile model is essential in today’s workplace. A majority of our office-based employees will be able to work remotely for up to two days each week. Additionally, employees who are subject to this hybrid model will be eligible to work from anywhere for up to six weeks in a rolling 12-month period (in maximum two-week increments and according to benefits and tax guidelines). Some jobs may be required to be performed fully in office depending on the role’s responsibilities and requirements.
Kraft Heinz is an Equal Opportunity Employer - Underrepresented Ethnic Minority Groups/Women/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity and other protected classes. In order to ensure reasonable accommodation for protected individuals, applicants that require accommodation in the job application process may contact HRCompliance@kraftheinz.com for assistance.