Full Job Description
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.
All posting locations: Chicago, Illinois, United States of America
Job Function: 03 - Finance
Department: 03 - 08 - Tax
Date Published: 14-Jul-2021
Job Type: Regular
Description & Requirements
The Tax Reporting Manager position provides an opportunity to be involved with income tax provisions- earnings and cash flow forecasts- tax accounting research- 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 Reporting Manager will provide technical expertise in 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. Will contribute to ensuring the delivery of complete and accurate tax provisioning calculations- including income tax expense- deferred taxes- current taxes payable and uncertain tax position reserves including:
Develop and support the tax amounts in the US GAAP audited financial results reported quarterly to the SEC.
Work with tax colleagues to develop effective tax rate reconciliations and tax cash-flow forecasts for management- identifying known or expected changes in tax legislation- tax audits and projected book/tax differences.
Update and maintain the Company's detailed inventory of deferred tax assets and liabilities- and uncertain tax position reserves.
Manage global tax automation projects and process improvements.
Review and substantiation of the income taxes payable accounts.
Tax function SOX controls and testing.
Manage the income tax accounting team to meet required deadlines- train and develop staff members- and review ongoing monthly- quarterly- and annual tax provisions.
Become proficient using the Company's tax provisioning software (OneSource Tax Provision).
Technical expertise in tax accounting matters- demonstrated by a minimum of 5 to 7 years of relevant tax experience preparing and reviewing US GAAP income tax provisions.
5 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).
Bachelor's degree in Accounting required.
Master's degree in Taxation strongly preferred.
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.
Equal Opportunity Employer–minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity