Federal Income Tax-Senior Manager

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 #VTeamLife.

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 Federal Income Tax Sr.

Manager position offers opportunities to build your career, while growing your

leadership and interpersonal skills.

What you'll be doing...

Responsibilities

• Federal Partnership Compliance

• Lead the adoption of an insourcing model for the Federal partnership income

tax compliance function by finalizing any OneSource (OIT) setup requirements,

creating newly designed, entity-specific workpapers to support the Form 1065,

and developing an instruction guide to train and develop other staff members.

• Work with internal teams to gather necessary data such as trial balances,

audit adjustments, and Schedule M adjustments and ensure all items are

properly loaded and presented on the returns.

• Review federal book-to-tax adjustments to ensure proper classification and

presentation on the federal tax return.

• Assist with the preparation and review of the partnership returns (Form 1065)

and all related schedules.

• Leverage OneSource (OIT) skillset to assist with ongoing administrative

functions and troubleshooting from both and 1120 and 1065 perspective.

• Compile taxable income information from both internal and external

investments for inclusion in the consolidated 1120 and provide the related M3

support.

Federal Tax Calculations, Analysis, and Financial Reporting (ASC 740)

• Review federal tax calculations and adjustments (non-fixed asset) across the

entire income tax lifecycle, including forecasts, tax provision, tax return,

return-to-provision reconciliation, cumulative deferred proof, and audit

support.

• Review federal tax calculations and adjustments to determine their financial

statement impact under ASC 740, including the deferred tax balance.

• Analyze, calculate, and support complex federal tax positions, including

pension and benefits adjustments, Section 163(j), and CAMT for both quarterly

and year-end tax provision processes.

Tax Credits and Incentives

• Partner with our third-party provider to drive the completion of the R&D

Credit study by

• Increasing overall awareness and working with the business to gather

surveys and contemporaneous documentation.

• Scheduling and participating in meetings alongside our third-party

provider.

• Using the resulting Qualified Research Expenses (QREs) to calculate the

credit.

• Oversee the preparation of all internally-prepared federal credits and ensure

they are properly reflected in OneSource (OIT).

State and Local Tax Compliance

• Review complex state partnership and corporate income tax returns and

associated workpapers.

Research, Strategy, Systems, and Coordination

• Research & Strategy

• Research and analyze a wide range of federal tax positions and prepare

memorandums to ensure proper documentation is maintained to substantiate

tax positions upon audit.

• Provide support and IDR responses for the Federal Audit team as needed

• Work with the tax planning team to identify and implement tax planning

strategies to minimize cash taxes and the effective tax rate.

• Coordination & Process Management

• Coordinate with other Senior Managers and Associate Directors as necessary

to ensure the accuracy and efficiency of all federal tax processes.

• Develop and maintain relationships with various internal teams, including

Tax Policy, Treasury, and FP&A, to gain compliance, accounting, and

reporting efficiencies.

• Streamline and optimize tax processes through the use of various digital

finance tools, including Alteryx, AI and other technologies.

What we’re looking for…

You’ll need to have

• Bachelor’s degree or four or more years of work experience.

• Six or more years of relevant work experience required, demonstrated through

one or a combination of work and/or military experience, or specialized

training.

• Bachelor’s degree in Accounting and 6 or more years of federal partnership

income tax experience.

• Solid data management and automation skills required; experience with

Alteryx, AI or other digital tools.

• Experience with Microsoft Office and Google Workspace

• Significant experience with OneSource Income Tax and/or OneSource Tax

Provision

• Federal tax credit experience, primarily with the R&D Credit

Even better if you have one or more of the following

• A CPA, Masters of Tax or Masters of Accounting.

• Strong interpersonal and leadership skills with proven ability to work with

individuals at all levels in a team environment.

• Ability to independently challenge the status-quo, when needed, while at the

same time being supportive and solution-based.

• An ability to navigate and negotiate through conflicting demands to maintain

focus on priority objectives while ensuring key stakeholders’ needs are met.

• Ability to lead groups, build consensus, and communicate effectively with all

levels of personnel within and outside the organization.

• Strong team leadership, communication, interpersonal and management skills

with an executive presence and ability to build relationships with

stakeholders in peer/influence models.

• Effective time management, multitasking and prioritization skills with the

ability to be a dynamic team player.

If Verizon and this role sound like a fit for you, we encourage you to apply

even if you don’t meet every “even better” qualification listed above.

WHERE YOU’LL BE WORKING

In this hybrid role, you'll have a defined work location that includes working

from home and a minimum of three days per week in the office, which will be set

by your manager. Employees are responsible for maintaining compliance with

hybrid work policies.

SCHEDULED WEEKLY HOURS

40

EQUAL EMPLOYMENT OPPORTUNITY

Verizon is an equal opportunity employer. We evaluate qualified applicants

without regard to veteran status, disability or other legally protected

characteristics.

BENEFITS AND COMPENSATION

Our benefits are designed to help you move forward in your career, and in areas

of your life outside of Verizon. From health and wellness benefit options

including: medical, dental, vision, short and long term disability, basic life

insurance, supplemental life insurance, AD&D insurance, identity theft

protection, pet insurance and group home & auto insurance. We also offer a

matched 401(k) savings plan, up to 8 company paid holidays per year and up to 6

personal days per year, paid parental leave, adoption assistance and tuition

assistance, plus other incentives, we’ve got you covered with our award-winning

total rewards package. Depending on the role, employees have the opportunity to

receive compensation in the form of premium pay such as overtime, shift

differential, holiday pay, allowances, etc. Newly hired employees receive up to

15 days of vacation per year, which grows with additional service. For

part-timers, your coverage will vary as you may be eligible for some of these

benefits depending on your individual circumstances.

The salary will vary depending on your location and confirmed job-related skills

and experience. This is an incentive based position with the potential to earn

more. For part-time roles, your compensation will be adjusted to reflect your

hours.

The annual salary range for the location(s) listed on this job requisition based

on a full-time schedule is: $103,000.00 - $180,000.00.