Tax Manager - Income Tax & Provision

At Cadence, we hire and develop leaders and innovators who want to make an impact on the world of technology.

Tax Provision (ASC 740)

• Preparation and review of the quarterly (Form 10-Q) and annual (Form 10-K) consolidated income tax provision under ASC 740, including current and deferred tax computations.
• Calculate and maintain uncertain tax position (UTP) reserves under ASC 740-10 (FIN 48); prepare and update UTP inventory schedules and supporting documentation.
• Preparation and review of deferred tax asset and liability calculations; perform quarterly roll-forward analyses and reconciliations to the general ledger.
• Conduct quarterly valuation allowance assessments across domestic and international jurisdictions; prepare positive/negative evidence memoranda supporting management conclusions as needed.
• Prepare and review tax return-to-provision true-up calculations.
• Prepare the income tax footnote disclosures for SEC filings, including the rate reconciliation, deferred tax rollforward table, UTP tabular disclosure, and related narrative.

Tax Compliance

• Support the preparation and review of the U.S. federal consolidated corporate income tax return (Form 1120) and state/local income and franchise tax returns.

Internal Controls & Process Improvement

• Maintain tax process documentation for Sarbanes-Oxley (SOX) Section 404 purposes.
• Identify and implement process improvements and automation opportunities to increase efficiency and reduce risk in the tax close process.
• Maintain and enhance tax accounting policies and procedures in accordance with U.S. GAAP.

Cross-Functional Collaboration

• Partner with FP&A, Accounting, Legal, Treasury, and Stock Administration to gather data needed for the provision and compliance processes.
• Liaise with external auditors (Big 4) on tax-related audit procedures, PBC requests, and technical matters; respond to auditor inquiries in a timely and thorough manner.
• Support tax planning initiatives, M&A transactions, and other special projects as assigned, including purchase price allocation analyses and Section 382 studies.

• Bachelor's degree in Accounting, Finance, or related field; Master of Science in Taxation (M.S.T.) or J.D./LL.M. preferred.
• Certified Public Accountant (CPA) license required.
• 5–7 years of corporate income tax experience, with significant focus on ASC 740 income tax provision for a publicly traded company (in-house) or large public company clients (public accounting).
• Strong technical knowledge of U.S. GAAP income tax accounting (ASC 740), including deferred taxes, valuation allowances, uncertain tax positions, and intraperiod tax allocation.
• Experience with SEC income tax footnote disclosures (10-K / 10-Q).
• Familiarity with U.S. federal and multi-state corporate income tax compliance (Form 1120).
• Hands-on experience with tax provision software (e.g., OneSource Tax Provision, CorpTax, or equivalent).
• Working knowledge of SOX 404 internal control requirements as they relate to the tax function.
• Excellent analytical, organizational, and written communication skills.
• Ability to manage multiple priorities and meet tight deadlines in a fast-paced, publicly traded company environment.

• Big 4 or large regional public accounting firm background.
• Experience with international tax provisions, including GILTI, FDII, BEAT, Pillar Two / global minimum tax considerations.
• Exposure to tax accounting for mergers, acquisitions, or restructurings (purchase accounting, Section 382).
• Proficiency with ERP systems (SAP, Oracle) and data tools (Alteryx, Excel Power Query).

• Technical Excellence — Deep, current knowledge of ASC 740 and U.S. corporate tax.
• Attention to Detail — Accuracy and thoroughness in complex, high-stakes financial computations.
• Communication — Ability to explain technical tax concepts to non-tax audiences, including CFO and Audit Committee.
• Collaboration — Comfortable working across Finance, Legal, and external advisors.
• Ownership — Takes initiative; drives issues to resolution without constant direction.
• Continuous Improvement — Proactively identifies and implements process efficiencies.

The annual salary range for California is $112,000 to $208,000. You may also be eligible to receive incentive compensation: bonus, equity, and benefits. Sales positions generally offer a competitive On Target Earnings (OTE) incentive compensation structure. Please note that the salary range is a guideline and compensation may vary based on factors such as qualifications, skill level, competencies and work location. Our benefits programs include: paid vacation and paid holidays, 401(k) plan with employer match, employee stock purchase plan, a variety of medical, dental and vision plan options, and more.

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