Job Description

It All Starts with Our People

If you’re looking for a collaborative and flexible work environment that invests in your growth and success, you’ve come to the right place.

As the Sr. Director, Tax you will oversee all aspects of Valvoline Inc.’s tax organization and execution, including compliance, accounting and reporting, and strategic planning and forecasting for income and non-income (e.g., property, sales and use) taxes. This position will lead a team of internal and external professionals in a role with high visibility to executive management and the audit committee of the Board of Directors. This position will proactively collaborate across the organization to provide guidance on the tax implications of business decisions and transactions, collaborate across internal and external teams, and remain current on tax laws and regulations to optimize the organization’s tax profile.

At Valvoline Inc., it all starts with our people. That’s why we foster a welcoming workplace for all team members and encourage those from a wide variety of diverse backgrounds and experiences to apply.

The Opportunity

Valvoline has a rewarding opportunity as a Sr. Director, Tax . We whole-heartedly adopt a ‘never idle' mindset. We also know that outstanding service begins and ends with our employees.

How You’ll Make a Difference

Tax Organization Oversight

a. Strategic Support

i. Set vision and tone for the tax organization.

ii. Collaborate with key leadership on strategy to optimize for an efficient tax structure.

iii. Communicate effectively with senior management and the Audit Committee of the Board of Directors on tax matters, risks, and opportunities.

iv. Manage a team of internal professionals and outside advisors to ensure an adequate complement of expertise and resources supporting the organization’s tax needs.

v. Oversee continuous improvement to leverage technology and streamline processes for improved efficiency and effectiveness.

vi. Oversee and manage department budget and expenditures.

b. Day-to-Day Support

i. Serve as a subject matter expert across the organization and collaborate with key stakeholders to share timely perspectives on tax matters.

ii. Serve as an escalation point for decision making on complex and judgmental tax matters.

iii. Remain current on key developments in tax and proactively update leadership on key emerging topics and issues, including implications of significant regulatory changes, transactions and other matters with meaningful tax effects.

iv. Provide mentorship and guidance to tax team to support growth and professional development.

v. Provide consistency and oversight across all areas of tax organization to ensure key assumptions and judgments are consistently and timely applied (e.g., compliance and accounting implications and judgments).

Tax Accounting and Reporting

• Provide leadership and oversight for all tax accounting and reporting matters, including the interim and annual income tax provision processes, tax indemnification matters between predecessor and legacy organizations, review and oversight of financial disclosures, and the execution of key controls over financial reporting to produce timely financial statements with accurate tax balances, activity, and disclosures in accordance with US GAAP and SEC reporting requirements.
• Establish, communicate, and maintain policies to drive compliance with US GAAP and SEC reporting requirements, including ensuring changes are monitored, evaluated, communicated, and adopted in a timely manner.
• Oversee effectiveness of internal controls of end-to-end financial processes and reporting to ensure compliance with US GAAP, notably ASC 740.
• Provide guidance and oversee the completion of research to develop and document positions to ensure significant, complex business transactions and accounting judgments are appropriate, well supported, and in accordance US GAAP and SEC accounting and disclosure requirements.
• Proactively coordinate with management and external auditors to support the completion of annual financial statement audits and the assessment of control effectiveness.
• Communicate with clarity regarding significant tax accounting and reporting matters with executive management and the Audit Committee of the Board of Directors.
• Provide guidance on the tax accounting and cash tax implications of business decisions and transactions.
• Retain and consult with tax advisors, as needed, to support the organization’s tax accounting and effective internal controls, including for complex transactions and judgments where subject matter expertise is required.

Tax Compliance

• Oversee the accuracy and timeliness of income and transaction tax compliance with regulations for ongoing business within the US and Canada and related jurisdictions (federal, state, and local income tax; sales and use tax, excise tax, real and personal property tax, etc.).
• Manage third parties and internal team that support compliance processes through active review, feedback and coaching.
• Manage tax audits, reviews, and examinations conducted by the requisite authorities, overseeing the process through exams, protest/appeals and/or litigation, as necessary, to obtain resolution and the most advantageous outcome for the organization.
• Support global tax compliance and audits for periods in which Valvoline was affiliated with predecessor and legacy organizations through strong coordination and collaboration, in addition to the management of related indemnities.
• Provide guidance on tax law changes and related implications to the organization and its processes

Strategic Planning and Forecasting

• Develop, implement, and manage the organization’s tax strategy and policies in accordance with regulatory requirements.
• Provide transaction support for acquisitions and divestitures, including structuring recommendations and the evaluation and communication of tax implications.
• Partner with accounting, finance, third party advisors and others in the organization to identify, evaluate, and implement tax planning opportunities.
• Analyze and interpret tax laws and regulations to maintain compliance and optimize the organization’s tax profile.
• Communicate effectively with senior management and the Audit Committee of the Board of Directors on the risks, opportunities and impacts of tax planning strategies.
• Collaborate with Financial Planning & Analysis to establish and monitor annual and long-range budgets and periodic forecasts of tax-related financial statement implications, including the income tax provision and cash taxes, in addition to the effects of significant transactions and changing tax laws and regulations.

What You’ll Need to Succeed

Work Experience:

• At least 15 years of professional experience gained from progressive tax experience.
• Preferred experience includes at least 10 years of experience in a publicly-traded company’s tax organization, Big Four public accounting, law firm, or a comparable corporate tax department.
• At least 5 years of experience managing and leading tax functions and developing teams, including establishing strategic frameworks and strong business and tax processes and controls, oversight of best practices in taxation, and driving timely financial and management reporting, in addition to critical financial decisions.
• Deep experience in applying ASC 740 in accounting and reporting for income and transaction taxes, including significant experience with technical book and tax accounting.
• Strategic tax planning execution and/or advisory services for public companies.

Education:

• Bachelor's degree in taxation, accounting, finance, or related field required.
• Advanced degree preferred (Master’s, Juris Doctorate), etc.).

Licenses & Certifications:

• Certified Public Accountant required
• Bar admitted attorney a plus

We Take Care of the WHOLE You

• Health insurance plans (medical, dental, vision)
• HSA and flexible spending accounts
• 401(k)
• Incentive opportunity*
• Life insurance
• Short and long-term disability insurance
• Paid vacation and holidays*
• Employee Assistance Program
• Employee discounts
• Tuition reimbursement*
• Adoption assistance*

*In addition to your salary, you are eligible for the Valvoline Incentive Plan (VIP) with a target of x% of eligible base salary earnings. The VIP is based upon Valvoline Inc. financial performance and provides a payout opportunity on an annual fiscal year basis (October 1 through September 30) and will be pro-rated from date of hire.

*Terms and conditions apply, and benefits may differ depending on position.

Your Path to Valvoline

Valvoline provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

Join us in revolutionizing the automotive aftermarket industry while enjoying competitive benefits, a supportive work culture, and opportunities for advancement. Apply now and become an integral part of our journey at Valvoline.

The Company endeavors to make its recruitment process accessible to any and all users. Reasonable accommodations will be provided upon request to applicants with disabilities to facilitate equal opportunity throughout the recruitment and selection process. Please contact Human Resources at 1.833.VVV.Report or email ECC@valvoline.com to make a request for reasonable accommodation during any aspect of the recruitment and selection process. The contact information is for accommodation requests only; do not use this contact information to inquire about the status of applications.

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