Your Impact
The primary purpose of this role is to oversee various components of tax including audits, returns, tax accounting, etc. The Manager, Income Tax leads processes and people, to ensure all deadlines are met and calculations are correct. It is critical to ensure compliance with federal, state, and local regulations. This role oversees tax functions such as income & payroll tax within the overall tax function. The Manager, Income Tax is expected to perform complex calculations, research and review the work of accountants.
What you will do
- Leads an area of tax and helps prepare, process, and review company's (more complex) federal, state, and local tax returns by examining accounts and records, computing tax returns, and making adjustments for book to tax calculations according to prescribed rates, laws, and regulations
- Meets often with government officials for audit purposes, litigation, appeals, etc. for Lowe's to ensure they remain compliant on all tax fronts and are submitting reports according to rules and regulations set by the government
- Ensures the timely and accurate completion of compliance activities (tax returns) and reviews different types of tax returns ranging from simple to complex based on knowledge of content and skillset required
- Communicates with upper management regarding updates on work, setbacks, team responsibilities, final review for returns and audits, research findings, etc. to ensure the day-to-day operation of the tax team is in line with company expectations, processes, procedures
- Works with external auditors and other similar government representatives to make certain that Lowe's audits and assessments are complete and accurate as well as to coordinate scheduling and any meetings needed for review and confirmation of audit or assessment completion
- Manages staff in the conducting of audits, providing training and oversight where needed, and handles escalation of complex assignments (either on the manager or escalates further for additional review)
- Works with other departments, including but not limited to Accounting, Treasury, and Payroll, to retrieve data and ask/answer questions; May collaborate with other internal Lowe's financial groups in addition to other groups externally
- Helps administer various tax and license software systems to ensure the Lowe's tax systems are working as designed and participate in and facilitate various SOX oversight over systems and processes.
- Directs the payment of taxes, fees and licenses; overseeing the setup through Lowe's portals, input of jurisdictions, delivery and addressing of non-electronic and electronic payments, etc. and providing approval when needed
- Oversees activities for account reconciliation and consolidates and reviews work papers to assess alignment with final reports for management
- Researches changes in the federal, state, and local laws and analyzes the impacts on costs and tax payments; conducts expense adjustments subsequently
- Leads effective teams and leads through others to hire, coach, train and develop to ensure a talented, productive, and engaged workforce.
- Leads a culture and ensures the team drives towards continual improvement and process excellence.
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Required Qualifications:
- Bachelor's Degree Accounting, Business, or Finance and 6 Years Tax and/or accounting experience (public or private).
- Master's in Accounting or Tax can be substituted for experience
- 2 years' experience leading a team and/or managing others with direct and indirect reports
About Lowe's
Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 16 million customer transactions a week in the United States. With total fiscal year 2023 sales of more than $86 billion, Lowe's operates over 1,700 home improvement stores and employs approximately 300,000 associates. Based in Mooresville, N.C., Lowe's supports the communities it serves through programs focused on creating safe, affordable housing and helping to develop the next generation of skilled trade experts. For more information, visit Lowes.com.
Lowe's is an equal opportunity employer and administers all personnel practices without regard to race, color, religious creed, sex, gender, age, ancestry, national origin, mental or physical disability or medical condition, sexual orientation, gender identity or expression, marital status, military or veteran status, genetic information, or any other category protected under federal, state, or local law.
Pay Range: $95,500.00 - $159,200.00 annually Starting rate of pay may vary based on factors including, but not limited to, position offered, location, education, training, and/or experience. For information regarding our benefit programs and eligibility, please visit https://talent.lowes.com/us/en/benefits.