Associate Director Tax Fixed Assets

Job Description

When you join Verizon

You want more out of a career. A place to share your ideas freely — even if they’re daring or different. Where the true you can learn, grow, and thrive. At Verizon, we power and empower how people live, work and play by connecting them to what brings them joy. We do what we love — driving innovation, creativity, and impact in the world. Our V Team is a community of people who anticipate, lead, and believe that listening is where learning begins. In crisis and in celebration, we come together — lifting our communities and building trust in how we show up, everywhere & always. Want in? Join the V Team Life.

At Verizon, we are building a world-class Tax organization. We have begun a comprehensive program to streamline processes, enhance systems, realign the organization and add opportunities for personal skill-building and professional growth. We’re finding new ways to add value and provide strategic support. At Verizon, you can become a catalyst for change. This position offers opportunities to build your career, while growing your leadership and interpersonal skills. Associate Director – Tax Fixed Assets

The Associate Director – Tax Fixed Assets position will report to the Senior Director – Tax Fixed Assets. This role will be primarily responsible for Verizon’s tax fixed asset calculations. This position will have the ability to drive change through implementing process efficiencies and using data to identify and implement tax planning opportunities.

Responsibilities:

• Manage the overall Tax Fixed Assets income tax accounting and compliance functions for a company with over $320B of fixed assets and an estimated $17B of capital spend per year.

• Review the tax fixed asset calculations for the income tax provision under ASC 740 and be responsible for Verizon’s $49B deferred tax liability related to fixed assets and intangibles.

• Review the fixed asset calculations and related forms of the federal and state corporate and partnership income tax returns and associated workpapers prepared by the team.

• Review the tax fixed asset calculations related to cash tax forecasts and be an integral part of the team that identifies and executes on strategies to minimize cash taxes.

• Review fixed asset related impacts of federal, state and local income tax estimates, extensions, and other filings.

• Review the fixed asset related temporary differences such as NAMA (network asset maintenance allowance), Section 263A capitalization, materials and supplies, bonus depreciation etc…

• Research and analyze a wide range of tax positions related to fixed assets to substantiate and support federal and state tax returns.

• Identify and implement tax planning opportunities related to fixed assets and intangibles working collaboratively with other department personnel and external advisors. Prepare memorandums in support of findings.

• Assist in evaluating the fixed asset implications of special project assignments, such as acquisitions, dispositions and restructurings.

• Work with the Fixed Asset Accounting group to streamline data received to reduce the amount of manual effort needed to perform tax calculations.

• Streamlining and optimizing tax processes through the use of various digital finance tools, including Alteryx, Qlik and other technologies.

• Ensure proper documentation is maintained to adequately support the information included on the federal and state tax returns upon audit. Liaise with internal stakeholders to respond to audit inquiries.

• Work closely with stakeholders to determine the impacts of proposed and newly enacted federal and state tax legislation related to fixed assets.

• Assist in analyzing the impact of federal and state tax positions under ASC 740 accounting for income taxes.

• Maintain expertise by keeping current with the tax code, regulations, and case law related to fixed assets.

• Manage a team of tax professionals and develop positive relationships with internal and external stakeholders.

Where you'll be working...

In this hybrid role, you'll have a defined work location that includes work from home and assigned office days set by your manager.

What we’re looking for…

You'll need to have:

• Bachelor’s degree in Accounting or related field or four or more years of work experience

• Six or more years of relevant work experience.

• Strong working knowledge of federal and state taxes related to fixed assets and intangibles.

• Experience with Microsoft Office, including Excel and PowerPoint

Even better if you have one or more of the following:

• Experience with OneSource Income Tax and OneSource Tax Provision

• Fixed asset accounting and compliance tax experience

• Experience with PowerTax fixed asset software a plus.

• Experience with data analysis tools such as Alteryx or Qlik

• Demonstrated ability to identify and implement process improvements and automation utilizing the latest technologies

• CPA certification or advanced degree in Accounting or Tax

• Strong written and verbal communication skills

• Familiarity with Sarbanes Oxley (SOX) Controls

• Ability to manage, mentor, and develop a team of tax professionals both technically and as future leaders.

• Strong written and verbal communication skills.

• Excellent organizational and prioritization skills, with demonstrated attention to detail and ability to meet deadlines

Where you’ll be working

In this hybrid role, you'll have a defined work location that includes work from home and a minimum eight assigned office days per month that will be set by your manager.

Scheduled Weekly Hours

40

Equal Employment Opportunity

We’re proud to be an equal opportunity employer - and celebrate our employees’ differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. At Verizon, we know that diversity makes us stronger. We are committed to a collaborative, inclusive environment that encourages authenticity and fosters a sense of belonging. We strive for everyone to feel valued, connected, and empowered to reach their potential and contribute their best. Check out our diversity and inclusion page to learn more.