Tax Manager

Posted on Oct 4, 2024 by IDEAL INDUSTRIES
Sycamore, IL
Admin & Secretarial
Immediate Start
Annual Salary
Full-Time
Overview:

IDEAL INDUSTRIES, INC. has built a reputation for over a century by crafting iconic tools and practical technology required in aerospace, data communications, electrical, wire processing and construction. The global family of IDEAL brands includes IDEAL Electrical, Anderson Power, and Enatel.

A vibrant and dynamic company, IDEAL is best known for our wire connectors, the gold standard for making electrical connections around the world. Nearly every commercial jet is assembled using IDEAL wire strippers and, as part of the critical equipment on NASA missions, our tools even help NASA astronauts fly to the moon. Most important, our products benefit skilled tradespeople, who reach for IDEAL tools every day.

IDEAL is propelled by the concept of Building an IDEAL World. Our family-run business is committed to building ideal relationships with customers, employees, and communities by crafting some of our industry’s most innovative and trusted tools.

Responsibilities:

Reporting to the Corporate Controller the Tax Manager provides leadership and supports the full tax function for the family office, including gathering information on behalf of the Company to support tax compliance for all tax types both domestically and globally. You will collaborate with the company’s accounting and finance functions in performing your duties. You will also collaborate with in-country resources to ensure headquarters has a global view of tax operations and results. You will be responsible for partnering with the Company’s tax service providers to appropriately account for taxes in the Company’s financial statements and engage in forward looking tax planning discussions. You will also be responsible for supplying all necessary information to tax service providers to ensure global tax compliance. The incumbent is the principal interface for tax matters between corporate and the divisional finance teams and must be able to move beyond reporting to working with key stakeholders to understand the market, business dynamics and implications.  This role requires the ability to learn quickly, think & communicate clearly and provide positive influence throughout the organization.

This role:

Manages communication between the external tax provider and the IDEAL business

Provides subject matter expertise on tax to the IDEAL business

Manages annual tax provision and tax optimization strategies

Partners with Legal on entity structure for tax planning of the IDEAL business

PRIMARY RESPONSIBILITIES:

Collaborate with service provider to map out engagement teams and timelines covering various tax types: income tax, sales tax, property tax, payroll tax, etc.

Work with accounting teams to gather necessary information to provide to tax compliance service providers

Understand the business and educate business stakeholders on tax implications of business activities

Stay apprised of strategic business decisions and ensure tax implications are considered

Collaborate with outside advisors to consider and present to leadership potential tax planning opportunities, including but not limited to opportunities that arise as a result of changing tax law 

Review tax returns prepared by the outside service provider and present results to leadership for sign off 

Conduct primary review of third-party prepared income tax provision for financial statements and walk through the estimate with leadership

Research various tax matters and collaborate with Company leadership on scoping technical areas requiring further external support 

Respond to inquiries from the IRS, State, and other tax authorities 

Qualifications:

CANDIDATE CHARARACTERISTICS:

Flexible, collaborative, and proactive manager

Strong work ethic and the ability to work in a fast-paced environment and be present to all levels of the organization

Strong communication skills at all levels of an organization. Ability to motivate, influence and persuade others

Excellent organizational, analytical, quantitative and problem solving skills

Advanced written and verbal communication skills

REQUIREMENTS:

Bachelor’s degree in accounting (CPA preferred)

Minimum five to seven years of progressive tax compliance and/or tax consulting experience 

Experience in a family office setting and familiarity with an S corp and C corp structure

Experience in corporate income tax and familiarity with sales and use tax, property tax, employment tax types

Excellent analytical, technical, and tax accounting/technology skills with proficiency in US GAAP and corporate income tax laws and regulations 

Strong working knowledge of broad-based statutory income tax compliance and consulting including state and local income taxes, taxation of international activity, and transfer pricing 

Exceptional communication, interpersonal, and presentation skills 

Ability to communicate effectively with executive leadership, divisional staff, and non-tax professionals

Strong teamwork, analytical skills, project management capabilities, and attention to detail 

Working experience with reporting tools like One Stream preferred

IDEAL INDUSTRIES, INC. is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status. We are proud to be an equal opportunity employer and we know that it is our people that truly separate us from the competition.  We offer competitive compensation and benefits including medical, dental and vision insurance, 401K and a Pension plan.  To learn more about us, visit us at

Please review IDEAL Industries’ Privacy Notices . By continuing, you acknowledge reviewing and understanding these notices.

Reference: 203273417

https://jobs.careeraddict.com/post/95805916

Tax Manager

Posted on Oct 4, 2024 by IDEAL INDUSTRIES

Sycamore, IL
Admin & Secretarial
Immediate Start
Annual Salary
Full-Time
Overview:

IDEAL INDUSTRIES, INC. has built a reputation for over a century by crafting iconic tools and practical technology required in aerospace, data communications, electrical, wire processing and construction. The global family of IDEAL brands includes IDEAL Electrical, Anderson Power, and Enatel.

A vibrant and dynamic company, IDEAL is best known for our wire connectors, the gold standard for making electrical connections around the world. Nearly every commercial jet is assembled using IDEAL wire strippers and, as part of the critical equipment on NASA missions, our tools even help NASA astronauts fly to the moon. Most important, our products benefit skilled tradespeople, who reach for IDEAL tools every day.

IDEAL is propelled by the concept of Building an IDEAL World. Our family-run business is committed to building ideal relationships with customers, employees, and communities by crafting some of our industry’s most innovative and trusted tools.

Responsibilities:

Reporting to the Corporate Controller the Tax Manager provides leadership and supports the full tax function for the family office, including gathering information on behalf of the Company to support tax compliance for all tax types both domestically and globally. You will collaborate with the company’s accounting and finance functions in performing your duties. You will also collaborate with in-country resources to ensure headquarters has a global view of tax operations and results. You will be responsible for partnering with the Company’s tax service providers to appropriately account for taxes in the Company’s financial statements and engage in forward looking tax planning discussions. You will also be responsible for supplying all necessary information to tax service providers to ensure global tax compliance. The incumbent is the principal interface for tax matters between corporate and the divisional finance teams and must be able to move beyond reporting to working with key stakeholders to understand the market, business dynamics and implications.  This role requires the ability to learn quickly, think & communicate clearly and provide positive influence throughout the organization.

This role:

Manages communication between the external tax provider and the IDEAL business

Provides subject matter expertise on tax to the IDEAL business

Manages annual tax provision and tax optimization strategies

Partners with Legal on entity structure for tax planning of the IDEAL business

PRIMARY RESPONSIBILITIES:

Collaborate with service provider to map out engagement teams and timelines covering various tax types: income tax, sales tax, property tax, payroll tax, etc.

Work with accounting teams to gather necessary information to provide to tax compliance service providers

Understand the business and educate business stakeholders on tax implications of business activities

Stay apprised of strategic business decisions and ensure tax implications are considered

Collaborate with outside advisors to consider and present to leadership potential tax planning opportunities, including but not limited to opportunities that arise as a result of changing tax law 

Review tax returns prepared by the outside service provider and present results to leadership for sign off 

Conduct primary review of third-party prepared income tax provision for financial statements and walk through the estimate with leadership

Research various tax matters and collaborate with Company leadership on scoping technical areas requiring further external support 

Respond to inquiries from the IRS, State, and other tax authorities 

Qualifications:

CANDIDATE CHARARACTERISTICS:

Flexible, collaborative, and proactive manager

Strong work ethic and the ability to work in a fast-paced environment and be present to all levels of the organization

Strong communication skills at all levels of an organization. Ability to motivate, influence and persuade others

Excellent organizational, analytical, quantitative and problem solving skills

Advanced written and verbal communication skills

REQUIREMENTS:

Bachelor’s degree in accounting (CPA preferred)

Minimum five to seven years of progressive tax compliance and/or tax consulting experience 

Experience in a family office setting and familiarity with an S corp and C corp structure

Experience in corporate income tax and familiarity with sales and use tax, property tax, employment tax types

Excellent analytical, technical, and tax accounting/technology skills with proficiency in US GAAP and corporate income tax laws and regulations 

Strong working knowledge of broad-based statutory income tax compliance and consulting including state and local income taxes, taxation of international activity, and transfer pricing 

Exceptional communication, interpersonal, and presentation skills 

Ability to communicate effectively with executive leadership, divisional staff, and non-tax professionals

Strong teamwork, analytical skills, project management capabilities, and attention to detail 

Working experience with reporting tools like One Stream preferred

IDEAL INDUSTRIES, INC. is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status. We are proud to be an equal opportunity employer and we know that it is our people that truly separate us from the competition.  We offer competitive compensation and benefits including medical, dental and vision insurance, 401K and a Pension plan.  To learn more about us, visit us at

Please review IDEAL Industries’ Privacy Notices . By continuing, you acknowledge reviewing and understanding these notices.

Reference: 203273417

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