Vice President, Tax

Company:  Dollar Tree
Location: Chesapeake
Closing Date: 03/11/2024
Hours: Full Time
Type: Permanent
Job Requirements / Description

The Vice President of Tax is the most senior position in the tax group and is responsible for creating and driving the overall tax strategy of Dollar Tree Inc. and its subsidiaries (collectively referred to as DTI), as well as managing all related affairs and general accountabilities for DTI including: Tax strategy and planning, tax accounting, tax compliance, tax audits, tax policies and procedures, Tax systems, leading and developing the tax group, managing the use and cost of external tax advisors, and informing management and the Board of DTI’s tax posture.Principal Duties and ResponsibilitiesTax PlanningManage to the lowest possible effective tax rate and provide routine updates for changes to the forecast and the businessMinimize Dollar Tree’s tax liability (including income, franchise, sales use, personal property, real estate tax, and unclaimed property) through design and implementation of effective tax structures for current and new businesses, acquisitions and dispositions, corporate reorganizations and tax law changesObtain tax rulings and approvals from governmental authorities as neededParticipation in internal teams established for the development/execution of major transactions and projectsInterpretation and monitoring of income, franchise and sales tax legislation and relevant tax case lawAssist other departments with tax related issues such as payroll taxes and compensation planningManage tax risks and exposuresLead DTI’s efforts to maximize tax credits and incentivesUnderstand/inform changes to tax legislation and administrative practicesDevelop and maintain relationships and contacts within the external tax community and develop network to obtain key benchmarking, current tax information, and to maintain and enhance the high reputation the Corporation holds within the tax communityActive participation in tax associations (e.g. RILA, Tax Executives Institute, COST, etc.) to promote tax legislation and administrative policies that will be beneficial for the CorporationStay current with new legislation, regulation and judicial proceedings.Tax AccountingEnsure that the Corporation's tax accounting procedures and systems are adequate to enable it to meet US GAAP requirements including in accordance with ASC 740 and ASC 450Provide leadership for the design and implementation of processes to ensure that the quarterly and annual tax provision estimates are accurate and have considered all current plans and tax reserves are adequate.Minimize financial statement impact of potential tax risksProvide leadership regarding DTI’s intercompany accounting charges to ensure they are compliant with the appropriate transfer pricing rules.Tax ComplianceManage the development, documentation and communication of Income, Franchise, Personal property and Sales Tax as well as unclaimed property compliance procedures and systems to ensure that DTI is compliant with the tax laws and will meet its federal, state and local filing requirements.Ensure that the tax returns reflect positions that minimize the corporate tax liabilities of the corporation within legislative boundaries after considering the federal, state and local tax statutes, administrative practices and relevant case law.Provide appropriate tax advice and assistance to Financial Reporting and Financial Planning to ensure the accuracy of projected tax amountsManaging an efficient and effective tax compliance functionTax AuditsEffective management of income tax, franchise tax, personal property tax, sales tax and unclaimed property tax auditsEstablish and foster positive relationships with IRS audit team membersDevelopment of strategies for and negotiation of major audit issues and filing of AppealsLead the company’s efforts in determining how to settle or contest state tax assessments, including working with internal and outside counsel and consultants to determine the strengths and weaknesses of the case and potential alternatives to resolving the controversy.Tax Policies and ProceduresDevelop the income tax, sales tax, personal property tax, and unclaimed property tax polices and procedures for Dollar Tree, Inc. and its subsidiariesMaintain Sarbanes Oxley controls relating to the tax function as a wholeManage tax groupProvide leadership and guidance to tax teamConduct reviews and draft development plans of direct reports to improve effectivenessMentor and counsel direct reportsIdentify and foster high potential talentManage External Tax AdvisorsManage the use and cost of external tax advisors in situations where tax advice or second opinions are required to achieve our goalsTax SystemsProvide direction for tax team to implement, improve and maintain software to manage sales use tax.Work with IT to minimize issues arising from tax specific systems (e.g., Vertex, OneSource)Work with IT to implement software that provides the tax team the necessary information to administer the tax laws timely and effectiveAdvocate for resources and systems that will improve teams’ performanceMinimum Requirements/QualificationsBachelor’s degree in Finance, Accounting, or relevant area.CPA Certification15 + years industry or public accounting experienceProven ability to lead, motivate, and drive results with teamsStrong written and oral communication skillsStrong knowledge of federal and state tax lawStrong knowledge of ASC 740 and ASC 450Strong managerial skillsSolid judgmentJuris Doctorate & Retail Industry Experience a plusThis is not to a complete list of job duties: You may determine that you should perform other duties or the company assign you other duties. Also, this job description may be amended or added to as needed.

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