Corporate Tax and Insurance Manager

Company: The Ritedose Corporation
Location: New York
Posted on: February 25, 2021

Job Description:

The Corporate Tax & Insurance Manager is responsible and accountable for all activities pertaining to the tax and insurance functions, including the commercial business insurance program. Responsibilities:

• Knowledge of the business, business concepts and government regulations
  • Familiarity with the legal entity ownership structure
  • Familiarity with the nature of the business of each business segment/unit
  • Familiarity with pharmaceutical industry, including system of distribution and supply chain
  • Compliance with all federal and state tax laws, in all jurisdictions
    • Ensure all tax returns and reports are accurately and timely prepared and filed (e.g., income, franchise, property, sales & use)
    • Ensure all taxes and tax-related fees are timely paid
    • Keep informed about tax laws; monitor regulatory and legislative developments, as well as judicial cases and decisions
    • Calculation of the income tax provision for the financial statements
      • Calculate the provision for income taxes in accordance with U.S. GAAP for the timely closing of the accounting books and inclusion in the financial statements
      • Prepare appropriate footnote disclosures and analytical commentary for inclusion in the financial statements
      • Review the income tax provision calculations and footnote disclosures with the independent auditors in connection with year-end audits and quarterly reviews
      • Management of the corporate insurance program
        • Review and evaluate the adequacy and appropriateness of insurance coverage
        • Lead the insurance renewal process, ensuring sufficient lead time for senior management review and approval of renewals
        • Maintain and update records and files of all insurance policies
        • Ensure that Certificates of Insurance are received and maintained current from all applicable contracting parties (e.g., CDMO clients, service providers)
        • Ensure that Certificates of Insurance are sent to only those parties that have a current right to receive it. (Coordinate with insurance broker and our internal accounting/finance staff)
        • Direct and manage third-party service providers (e.g., tax advisor, SaaS, insurance broker)
          • Primary point of contact for communications and exchange of data and information
          • Assess and evaluate the performance of third-party service providers, to ensure the necessary services and value are being received
          • Monitor compliance and adherence to contractual agreements with third-party service providers
          • Review and approval of third-party service provider invoices
          • Maintenance and administration of tax records and files
            • Maintain and update records and files of all tax returns and reports, including income tax returns, property tax returns, and sales/use tax returns
            • Maintain written policies and procedures (SOPs)
              • Prepare/update Policy documents, including for the following: Federal Taxes, State Taxes, Commercial Banking, Customer Credit, Commercial Insurance Program
              • Prepare/update Standard Operating Procedures (SOPs) documents, including for the following: Preparation and Filing of Tax Returns, Calculation of the Provision for Income Taxes, Documentation of Tax Issues and Positions, Payment Processing, Establishing and Reviewing Customer Credit Limits, Renewal of Commercial/Business Insurance coverage/policies
              • Projects and tasks as may be assigned or delegated by the CFO Qualifications:
                • Bachelor's degree in Accounting, Finance or Business Administration; concentration in taxation preferable.
                • Minimum of 8-10 years of experience working in the tax practice of a major public accounting firm, with responsibility for tax compliance, tax research and tax planning.
                • Thorough understanding of U.S. corporation taxation (Federal and States; Income and Sales & Use).
                • Working knowledge of U.S. GAAP for accounting for tax matters, including knowledge of ASC 740.
                • General knowledge of commercial banking, cash management and credit management.
                • General knowledge of commercial business insurance and risk management.
                • Skilled at reading, interpreting and applying laws, regulations, policies and procedures.
                • Skilled at reading and understanding complex material, including commercial contracts/agreements.
                • Adept in critical thinking and analytical reasoning.
                • Skilled in accurately, concisely and clearly communicating (in "layman's terms") information in both written and oral presentation formats.
                • Ability to initiate, build and maintain cooperative internal and external business relationships.
                • Proficient with Microsoft Office applications.

Keywords: The Ritedose Corporation, New York , Corporate Tax and Insurance Manager, Accounting, Auditing , New York, New York