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Michaels Stores

Arts, crafts, and home decor retailer

Director – Tax

Tax AccountingConfirmed live in the last 24 hours
Full-timeIrving, TX, USANo salary listedIn-person

About the Job

Requirements

  • A bachelor's degree in Accounting or Finance is required.
  • A master's degree in Taxation and/or CPA qualification is required.
  • At least 10 years of progressive tax experience, including significant leadership experience in a large retail or multi-jurisdictional corporate environment, is required.
  • Proficiency with KPMG Mercury, DocuSign, Oracle, and Tax Exempt Portals is required.
  • Deep knowledge of Sales and Use Tax compliance, audit defense, and use tax recovery is required.
  • A strong understanding of P&L variance analysis, journal entry management, and cash tax forecasting is required.
  • The ability to manage external vendors and cross-functional internal relationships with AP, Legal, and Treasury is required.
  • Expert-level knowledge of ASC 740 and SOX compliance is required.
  • Proven experience coordinating IRS examinations is required.
  • Proficiency in ARCS, Oracle, and specialized tax provision and calendar software is required.
  • Applicants in the United States must satisfy federal, state, and local legal requirements of the job.

Responsibilities

  • Manage end-to-end corporate tax compliance, including corporate income tax, Sales and Use Tax compliance, financial reporting, and audit defense.
  • Manage the Sales and Use Tax compliance lifecycle with KPMG, including preparing annual data-exchange calendars and return-review deadlines.
  • Provide final sign-off for returns in the KPMG Digital Gateway and review monthly Sales and Use Tax compliance workpapers.
  • Conduct final reviews of internally filed returns, sign returns, and approve related funding requests.
  • Oversee daily notice management and delegate action items to the Supervisor of Indirect Tax and external compliance teams.
  • Review pending business-to-business exemption certificates in the Tax Exempt Portal as needed.
  • Prepare annual Tax and Sales and Use Tax profit-and-loss budgets and update monthly forecasts for actuals and upcoming periods.
  • Develop weekly cash tax forecasts for FP&A and Treasury that outline compliance payments for the fiscal year.
  • Participate in monthly close meetings, explain variances for Sales and Use Tax accounts, and manage monthly journal-entry status.
  • Manage accruals and budget-to-actual analyses for Sales and Use Tax and Business License professional fees, reporting to the Vice President of Tax.
  • Review quarterly audit-reserve workpapers and corresponding journal entries.
  • Lead jurisdictional Sales and Use Tax audits, including information gathering, auditor calls, and sign-off on closing workpapers.
  • Prepare deliverables for EY quarterly and year-end financial statement audits, including process walkthroughs and inquiry responses.
  • Oversee use tax reviews and unclaimed-property claims; work with outside consultants to identify refund opportunities and mitigate exposure.
  • Prepare deliverables for the ABL Spain Bank Audit and Irving Rebate submissions.
  • Review and confirm the reasonableness of worldwide consolidated current and deferred tax expense, ending deferred tax balances, and income-tax payable proofs.
  • Lead the quarterly tax close; manage full-year PBT forecasts for AETR calculations; review discrete items, including UTB interest and rate changes; and provide final tax templates to Accounting for journal-entry recording.
  • Validate federal book-tax differences, state modifications, credits, valuation allowances, and uncertain tax positions.
  • Review income-tax footnotes and deferred scheduling analyses while ensuring compliance with SOX controls.
  • Approve payable, deferred, and UTB reconciliations in ARCS and review state tax receivable-payable analyses.
  • Compute final domestic transfer-pricing adjustments at year-end and estimate periodic amounts for upcoming fiscal years.
  • Coordinate the IRS examination, review state audit-impact scenarios, and lead audit-settlement negotiations.
  • Manage relationships with internal and external auditors, provide data, and lead explanations for management reporting.
  • Compile and review information for specialized international audits, including the Spain price audit.
  • Review and approve federal and state estimated tax payments and extension requests.
  • Oversee federal, state, and international corporate income tax compliance.
  • Oversee quarterly Form 720 federal excise tax filings, franchise-tax budgets, and annual true-up reconciliations.
  • Oversee accounting for federal and state Return-to-Provision adjustments.
  • Review vendor contracts for appropriate tax language and serve as the primary liaison with Legal for Annual Report compliance.
  • Serve as the Tax lead for User Acceptance Testing projects, providing tax-impact analysis and sign-off from kickoff through go-live.
  • Review annual SAM Registrations for government sales and approve New Jersey UEZ recertifications for specific store locations.
  • Monitor new legislation for potential business impacts and train the team on legislative or system changes.
  • Lead high-complexity initiatives, including due diligence, purchase accounting, debt restructurings, accounting method changes, and Oracle ERP implementations.
  • Direct performance management activities, mentor team members, and promote continuous process improvement and technology adoption.

About the Company

Michaels Stores

Arts, crafts, and home decor retailer

Michaels Stores sells arts, crafts, and home decor to hobbyists and professional artists in North America. It operates both in stores and online, offering products like craft supplies, Cricut machines, and seasonal decorations, plus services such as custom framing and personalized art, along with classes and events to build a creative community. Customers browse and buy goods online or in shops, with access to exclusive collections and frequent promotions. The company differentiates itself through a broad product range combined with value-added services, hands-on classes, and an omnichannel shopping experience, aiming to be the go-to destination for creating and decorating spaces while growing sales across channels.

Company size
10,001+
Company stage
IPO
Headquarters
Irving, TX
Founded
1973

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