Director – Tax Reporting & Technology

This role is in support of Cencora's wholesale distribution services in Europe operating through our Alliance Healthcare business.

We are hiring for the Director - Tax Reporting position to join our Finance team at Cencora.

POSITION SUMMARY:

Under the direction of the Senior Director Transfer Pricing and Tax technology, for Cencora, the Director ASC740 Reporting and Technology directs and oversees Corporate Tax reporting for all Cencora international affiliates operating outside the United States.

This position is responsible for ensuring that local tax reporting requirements for all international affiliates are met. This includes, but is not limited to overseeing, reviewing and in some cases preparing interim and annual U.S. and non-U.S. tax provisions for 200+ legal entities in over 50 countries. Working with IT and US corporate tax reporting to ensure that accounting and tax systems are configured to produce the necessary information. The Director will also assist in maintaining procedures and processes to ensure adherence to Sarbanes-Oxley internal controls over the financial reporting of income taxes for Cencora’s non-U.S. operations.  They will also work with the International Tax and U.S. Tax Reporting teams to optimize and manage the Company’s income tax technology software and other technologies utilized by the department.

As part of this role, this position manages the quarterly tasks, due dates and assignments of corporate and field personnel to ensure that financial closing deadlines are met.   They also manage the Company’s income tax technology software and other technologies utilized by the department.

PRIMARY DUTIES AND RESPONSIBILITIES:

Directs the company’s global non-U.S. tax accounting and reporting processes and systems to ensure that all international affiliates:

• have adopted and implemented financial accounting procedures and systems to ensure accurate, efficient and timely reporting of quarterly and annual income tax expense in accordance with US GAAP, ASC 740 and applicable Company accounting policies and procedures 

• are in full compliance with the company’s Sarbanes Oxley key internal controls and procedures including deferred tax liabilities and reserves related to Accounting for Income Taxes

Work with local affiliates to ensure that local reporting requirements are met, including oversight to ensure compliance software sufficiently meets reporting requirements.

• Manages and enhances the company’s tax technology reporting solutions to continuously improve the efficiency, timeliness and accuracy of global reporting of income tax expense, including integration of the provision system with the company’s Financial Planning and ERP systems.

• Develops processes and models to support SVP Tax, Controller and CFO in analyzing the cash tax and effective tax rate impacts of proposed legislation, M&A transactions, discrete events, jurisdictional audits and various planning scenarios.

• Communicates in general business language complex tax and ASC 740 calculations to non-tax business executives verbally and via Excel and PowerPoint, including regularly liaising with company finance, accounting and FP&A personnel regarding projected effective tax rates, cash taxes and income tax disclosures.

• Assists International Tax team to develop processes and models to support analyzing the cash tax and effective tax rate impacts of proposed legislation, M&A transactions, discrete events, jurisdictional audits and various planning scenarios.

• Researches and stays abreast of accounting for income tax impacts of legislative changes in all Cencora companies.

• Perform related duties as assigned.

EXPERIENCE AND EDUCATIONAL REQUIREMENTS:

Requires substantial experience in the international tax function for U.S. based multinational companies with responsibility for ASC 740 reporting functions for the international subsidiaries of U.S. based multinational companies.

• Experience in working with IT departments in the successful implementation of tax reporting requirements of accounting and tax software systems.

• Advanced excel skills (including PowerQuery) is an advantage. Knowledge in utilising a broader suite of tools within Office365, and/or knowledge of automation tools is desirable.

• Ability to navigate ERP systems or financial reporting tools (e.g. Oracle, SAP, COGNOS, TRCS, Alteryx).

• Strong interpersonal and leadership skills

• Strong mathematical, analytical, organizational and presentation skills

• Ability to deal with stressful situations as they arise.

• Demonstrated track record of successfully managing corporate tax reporting in major international tax jurisdictions for the international subsidiaries of U.S. based multinational companies.

• Requires substantial experience and knowledge of U.S. tax laws and regulations applicable to the international operations of U.S. based multinational companies, including a working knowledge of the provisions of the Tax Cuts & Jobs Act of 2017, e.g. GILTI.

• Demonstrates high levels of energy, enthusiasm, dedication, and strong work ethic and the ability to communicate effectively both orally and in writing.

• Strong leadership and interpersonal skills and the ability to collaborate with others.

• Requires an undergraduate degree and admission as a CPA, Chartered Accountant, or the equivalent.