Senior Tax Manager - Toronto - Banyan Software

Description

Overview

Banyan Software provides the best permanent home for successful enterprise software companies, their employees, and customers. We are on a mission to acquire, build and grow great enterprise software businesses all over the world that have dominant positions in niche vertical markets. In recent years, Banyan was named the #1 fastest-growing private software company in the US on the Inc. 5000 and amongst the top 10 fastest-growing companies by the Deloitte Technology Fast 500. Founded in 2016 with a permanent capital base setup to preserve the legacy of founders, Banyan focuses on a buy and hold for life strategy for growing software companies that serve specialized vertical markets.

Job Profile:

This is an exciting opportunity to join a fast-paced software consolidator on a significant growth trajectory with an unmatched M&A environment. As the Senior Tax Manager, you will manage corporate income and sales tax for Banyan-owned software companies. Reporting to the Global Senior Tax Director and working closely with finance and tax team members, the ideal candidate will have a strong background in US corporate tax and exposure to corporate tax in other countries, such as Canada. The candidate must be able to work independently and collaborate with other departments, including M&A, finance, and legal. This role requires a tax professional looking to challenge themselves in a fast-paced, highly acquisitive environment and advance their career in the industry.

Responsibilities

• Prepare, review and sign US corporate income tax returns and supporting workpapers for Banyan's US and foreign subsidiaries. This includes calculating tested income and GILTI.
• Identify and resolve complex US tax issues by working with external US tax advisors where appropriate.
• Manage and collaborate with external tax advisors to complete income tax returns for Banyan's non-US subsidiaries (e.g. Canada).
• Prepare and consolidate income tax provisions for Banyan's US and non-US subsidiaries. Identify and quantify the impact of purchase price adjustments and other future payouts (e.g. holdbacks, earnouts, phantom equity) on deferred income taxes.
• Review working capital adjustments and purchase price accounting to ensure required income and sales tax liabilities are included.
• Compute, review and maintain transfer pricing calculations. Ensure transfer pricing reports and contemporaneous documentation are timely completed with the assistance of external advisors. Manage transfer pricing payments to ensure they are timely settled and properly recorded.
• Manage and coach income and sales tax specialists based onshore and offshore.
• Oversee sales tax for Banyan's US and Canadian subsidiaries.
• Work with the finance and treasury teams to repatriate cash using tax-efficient methods. Ensure withholding tax requirements are met.
• Maintain accurate tax records to support and reconcile current tax receivable/payable accounts for each subsidiary.
• Forecast short-term and long-term global cash tax requirements. Prepare tax instalment calculations and timely submit tax payments for each subsidiary.
• Work with the Global M&A Senior Tax Manager and perform pre-acquisition tax planning and due diligence for potential acquisitions.
• Provide verbal and written responses to inquiries from US and non-U.S. tax authorities.
• Complete ad hoc tax projects, including tax research, tax memos, and sales tax analyses.

Qualifications for success

The ideal candidate for the role will possess the following characteristics:

• CPA accounting designation. Masters of Taxation is an asset.
• 7+ years of US corporate tax experience, including:
• 5+ years of preparing consolidated US federal and multi-state combined income tax returns and provisions.
• Calculating tested income and GILTI for CFCs and preparing Forms 5471.
• Preparing pre- and post-acquisition short-period income tax returns and ensuring the returns are prepared in accordance with the sale/purchase agreement terms.
• Preparing Forms 8023, 8883, and 8594
• Reviewing non-complex US Partnership and S Corporation income tax returns.
• Reviewing working capital adjustments and purchase price accounting to ensure required tax items are included.
• Performing M&A tax planning and due diligence procedures.
• Exposure to the US state and local sales tax.
• Experience collaborating with finance and legal teams, as well as experience liaising with US and Canadian tax authorities.
• Strong accounting knowledge and experience. Experience in identifying when the accounting is incorrect and requires correction.
• Strong verbal and written communication skills, including experience writing tax memorandums.
• Strong analytical and problem-solving skills.
• Excellent attention to detail and ability to manage multiple priorities.
• Highly motivated and energetic with interest in entrepreneurship, software, and finance.

Diversity, Equity, Inclusion & Equal Employment Opportunity

At Banyan, we affirm that inequality is detrimental to our Global Teams, associates, our Operating Companies, and the communities we serve. Our goal is to impact lasting change through our actions. Together, we unite for equality and equity. Banyan is committed to equal employment opportunities regardless of protected characteristics and will not discriminate on the basis of race, color, genetic information, creed, national origin, religion, sex, affectional or sexual orientation, gender identity or expression, lawful alien status, ancestry, age, marital status, or protected veteran status and will not discriminate against anyone on the basis of a disability. We support an inclusive workplace where associates excel based on merit, qualifications, experience, ability, and job performance.

Beware of Recruitment Scams

We have been alerted to individuals fraudulently posing as Banyan Talent Acquisition members offering fake job opportunities. These scams may involve requests for personal information or payment for equipment.

Protect yourself by following these steps:

• Verify that communications from our recruiting team come from an email address.
• Remember, employers will never request payment or banking information during the hiring process.
• If you receive a suspicious message, do not respond — forward it to and/or report it to the platform where you received it.

Your safety and security are important to us. Thank you for staying vigilant.

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