Bangalore, IND
3 days ago
Sr Manager Income Tax
**About us:** As a Fortune 50 company with more than 400,000 team members worldwide, Target is an iconic brand and one of America's leading retailers. Joining Target means promoting a culture of mutual care and respect and striving to make the most meaningful and positive impact. Becoming a Target team member means joining a community that values different voices and lifts each other up. Here, we believe your unique perspective is important, and you'll build relationships by being authentic and respectful. **Overview about TII** At Target, we have a timeless purpose and a proven strategy. And that hasn’t happened by accident. Some of the best minds from different backgrounds come together at Target to redefine retail in an inclusive learning environment that values people and delivers world-class outcomes. That winning formula is especially apparent in Bengaluru, where Target in India operates as a fully integrated part of Target’s global team and has more than 4,000 team members supporting the company’s global strategy and operations. Right on pace with Target’s distinctive retail brand, Target Finance and Accounting are transforming for the better. In Finance, you’ll be an integral voice in discussions that lead to Target’s unparalleled shopping experience. Your analysis and recommendations will be directly applied to critical business decisions, from sales to merchandising and beyond. Within Finance, you’ll enjoy the interesting challenges of the competitive retail space. You’ll see your contributions come to life in virtually every area of this dynamic enterprise. And you’ll grow and be challenged in your career while having a healthy balance with life outside of work. **PRIMARY FUNCTION:** At Target in India, our US Income Tax Team is part of the engine powering compliance with the many tax rules and regulations governing our business operations. This team works closely with their colleagues in the US to navigate the complex world of Federal, State and International tax laws, meticulously preparing filings, reports and payments that keep our business running efficiently. The **Sr Manager** will be responsible for leading the US income tax processes managed at Target in India, ensuring timely delivery and compliance with Federal, State and International tax laws. The role will involve review of workpapers and calculations related to tax provision, compliances, and planning. The Sr Manager will work closely with Target headquarters and the team in India to oversee and review tax workpapers and filings; and support strategic initiatives within the global tax function. This role will also focus on expanding support for global compliance and partnering on key international projects such as Pillar II and Advance Pricing Agreement. This role will also focus on the below areas – + Lead and review the preparation of US Federal, State, and International Income Tax compliance workpapers and filings, including Forms 1120, 1120-F, 5471, 8858, 5472 etc. + Drive preparation and review of global compliance deliverables including BEPS Master File, Country-by-Country Reporting (“CbCR”) and local transfer pricing documentation. + Oversee and support quarterly and annual income tax provision processes under ASC 740, including review of tax accounting entries, deferred tax calculations, return-to-provision adjustments. + Serve as a key liaison with Target headquarters tax team for updates on deliverables, data requests, status tracking and resolution of technical issues. + Coordinate and review calculations for special methods work, including fixed assets and R&D credit-related computations. + Provide strategic and operational oversight to local team members, managing daily routines and ensuring accuracy and completeness of compliance activities. + Support responses to IRS and local tax authorities. + Ensure compliance with applicable internal controls, policies/ procedures and ensure robust documentation for all key processes. Working within Tax, your mission will be to drive value-added work and support our core retail business goals. Our tax team focuses on all aspects of tax reporting including enhancing productivity and efficiency of core compliance through process and technology, monitoring tax risk and opportunities across all tax disciplines, engaging and educating Finance and the broader organization regarding tax considerations, and prioritizing team resources to support key work streams. Requirements + Bachelors or Masters degree or equivalent combination of professional education and experience. + Minimum of 8 years of US taxation experience with a public accounting firm or equivalent experience in a large corporate tax department is preferred. + Strong technical knowledge in US federal, international, and/or state tax laws, ASC 740 income tax accounting. + Prior experience in preparation and review of US tax returns and workpapers, including forms 1120, 1120-F, 5471, 5472, 8858 etc. + Familiarity with tax compliance tools such as OneSource Income Tax, OneSource Tax Provision, or similar systems. + Exposure to BEPS, Pillar II, APA, and global tax compliance frameworks is preferred. + Demonstrated ability to manage a team, coordinate across time zones and work collaboratively with stakeholders. + Excellent analytical and communication skills, with strong attention to detail and ability to explain complex tax issues clearly.
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