What are the responsibilities and job description for the Income Tax Analyst II position at Darden?
Job Overview
The Income Tax Analyst II will assist management in the annual preparation of income tax returns, compliance related processes, estimated tax payments, income tax accounting and federal/state tax credit program support. Additionally, the Analyst II will assist management with federal, state and local income tax audits with the ultimate goal of minimizing audit assessments. The Analyst II will be responsible for keeping abreast of changing income tax laws and issues relative to our industry and organization.
Roles And Responsibilities
The Income Tax Analyst II will assist management in the annual preparation of income tax returns, compliance related processes, estimated tax payments, income tax accounting and federal/state tax credit program support. Additionally, the Analyst II will assist management with federal, state and local income tax audits with the ultimate goal of minimizing audit assessments. The Analyst II will be responsible for keeping abreast of changing income tax laws and issues relative to our industry and organization.
Roles And Responsibilities
- Income Tax Compliance: Prepares annual income tax return supporting work papers and tax calculations for federal and state jurisdiction filings and assesses opportunities for process improvements. Reviews and prepares timely responses for all federal and state income tax notices.
- Estimated Payments: Prepares quarterly estimated tax payments for federal and state purposes
- Legal Entity Financials: Prepares journal entries and analyzes GAAP general ledger data in support of the legal entity financials process.
- Tax Accounting: Prepares current and deferred tax input schedules, including the reconciliation of the income tax provision to tax returns, for external financial and forecast reporting purposes.
- Tax Reserves: Prepares quarterly tax reserve schedules. Reviews schedules for compliance with SOX 404 and FIN 48. Interfaces as needed with external auditors and other departments to communicate reserve activity.
- Federal, State, and Local Income Tax Audits: Assists with tax audits (including scheduling audits, preparing responses to information requests, and some contact with auditors). Negotiates audit issues with taxing authorities, working under the general supervision of the Manager, Income Tax.
- Income Tax Planning: Assists with the implementation and analysis of potential tax savings opportunities. Performs special research projects as required, maintains confidentiality, and communicates results effectively to management.
- Foundations and Charitable: Assists with review of the Darden Restaurants Foundation grants on a quarterly basis to ensure compliance with requirements for maintenance of tax-exempt status. Prepares tax returns for the company's charitable organizations including Darden Restaurants Foundation and Darden Dimes.
- Monthly/Quarterly Federal/State Tax Credit Reporting: Works with external service providers to ensure monthly/quarterly recording of federal and state income tax credits to the general ledger. Liaison with operating companies for any questions regarding program administration.
- Minimum 3 years of tax experience in public accounting or comparable industry experience, preferable emphasis with multistate income tax
- Knowledge of tax preparation and research software
- Strong computer skills, including Word and Excel
- Bachelor of Science in Accounting or Finance
- Ability to handle multiple priorities in efficient manner
- Ability to plan, organize and complete work with some supervision and meet deadlines
- Outstanding organizational skills
- Strong communication skills both verbal and written
- Attention to detail
- Masters of Tax or Accounting
- CPA Certificate
- Knowledge of Oracle, Hyperion or Alteryx a plus