Job no: 499553
College / VP Area: Strategic Budget & Finance
Work type: Staff
Location: Newark/Hybrid, Remote
Categories: Financial Services and Procurement, Full Time
PAY GRADE: 34E
CONTEXT OF THE JOB:
Within University Finance, the Controller's Office oversees University-wide financial accounting and reporting and performs related financial duties. The department maintains the official accounting records and related systems of internal control in accordance with Generally Accepted Accounting Principles (GAAP) and standards set by the Financial Accounting Standards Board (FASB), University policy and procedures, and the requirements of federal and State governmental agencies and external funding sources. The department is also responsible for maintaining the accurate and timely recording of financial transactions and provides accounting and finance-related guidance to other University departments as needed.
The Director, Taxation demonstrates initiative and extensively uses professional judgment and leadership. Under the general direction of the Controller, the Director, Taxation has advanced knowledge of tax laws related to tax-exempt organizations. The Director, Taxation leads the effort to ensure compliance with federal, State and international tax regulations by acting in an advisory capacity to multiple departments across the University. This position is largely remote, though on-site presence is required periodically and possibly more frequently dependent upon project activity.
Advisory & Technical Oversight
- Identify and assess areas of tax compliance risk in the organization. Develop and revise policies and procedures to enhance University compliance and mitigate risk exposure. Develop a compliance program that includes educational programs and continued monitoring and oversight.
- Track legislative developments at the federal, State and international levels and advise University departments accordingly.
- Partner with University departmental administrative leadership to develop procedures and training so that staff have working knowledge of tax, regulatory issues, and requirements to carry out their responsibilities, including but not limited to the following technical areas:
- Unrelated business income (UBIT)
- 1099 reporting
- Tax treaty compliance for nonresident alien employees, students and independent contractors
- Fringe benefit reporting and employment tax issues
- Tax reporting related to donor contributions and fundraising activities
- Conduct sound tax research as requested from senior leadership to support planning and provide advice on major issues, including entity formation and reorganization.
- Perform the University-wide effort to identify taxable transactions.
- Review ASC 740 tax provision requirements and complete annual analysis required for the financial statements and audit.
- Consult with third party tax advisors as necessary.
- Document all tax-related activities and policies and oversee official University and related entity tax matters.
- Function as the University's liaison with federal and State tax authorities and represent the University in managing all IRS, State, external and/or internal audit activities. Research and prepare responses to tax questions and notices.
- Explain regulations, computations and procedures to external auditors on items specific to tax compliance.
- Responsible for the accuracy, completeness and timeliness of the University's and select related entities' federal and multiple state tax filings. These include but are not limited to the federal Form 990 information return and related schedules, Form 990-T unrelated business income tax (UBIT) return, Form 1120 U.S. corporation income tax return, annual franchise tax reports, certificates of good standing, state sales tax exemption certificates, and other tax and business-related submissions.
- Establish whether research activities, joint ventures and other special activities are consistent with exempt purposes.
- Ensure compliance with various state business licensing and/or registration requirements for units conducting operations, or engaged in regulated activities in, states other than Delaware while evaluating the need for registered agents.
- Review and approve the President's reimbursements of business expenses to ensure compliance with University policy and proper reporting to the IRS.
- Manage the University's unclaimed property escheatment compliance program, including the preparation of all required filings.
- Provide work direction and technical guidance to less experienced staff.
- Directly supervise a team that supports areas of responsibility. Carry out supervisory responsibilities in accordance with the University's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing and attempting to resolve conflicts.
- Represent the Controller's Office on cross-functional initiatives through working groups, committees and team collaboration.
- Bachelor's or master's degree in Accounting or related field and CPA required.
- Experience at a research focused University or other large, complex not-for-profit organization preferred. Seven years progressively responsible directly related experience, or an equivalent combination of education and experience required.
- Advanced technical tax knowledge, research skills and proven ability to apply that knowledge.
- Advanced analytical, evaluative, and objective critical thinking skills and the ability to effectively summarize and present information.
- Ability to apply principles of logical thinking to a wide range of intellectual and practical problems.
- Knowledge of corporate and partnership tax structures, issues and return preparation.
- Experience with creating and presenting training materials to technical and non-technical audiences.
- Strong organizational skills and the ability to prioritize workload and work both independently and as a member of a collaborative team.
- Experience with Microsoft Office, including Word, Excel and Power Point applications.
- Excellent interpersonal skills, including high level of comfort interacting with senior leadership.
- Ability to effectively present information to business partners and non-financial managers.
- Comfortable with initiating and responding to inquiries with external regulatory and other entities as well as with all levels of University staff.
- Ability to interact effectively and professionally with others.
- Team orientation and ability to thrive in a fast-paced environment.
- Strong organizational skills and the ability to prioritize workload and delegate to team members.
- Must be a collaborative team player, curious and disciplined with a strong desire for continuously making improvements.
- Demonstrated understanding and consideration of the differing needs and concerns of individuals with varying identities, cultures, and backgrounds.
- Committed to fostering a workplace culture of belonging, where diversity is celebrated, and equity is a core value.
Notice of Non-Discrimination, Equal Opportunity and Affirmative Action
The University of Delaware does not discriminate against any person on the basis of race, color, national origin, sex, gender identity or expression, sexual orientation, genetic information, marital status, disability, religion, age, veteran status or any other characteristic protected by applicable law in its employment, educational programs and activities, admissions policies, and scholarship and loan programs as required by Title IX of the Educational Amendments of 1972, the Americans with Disabilities Act of 1990, Section 504 of the Rehabilitation Act of 1973, Title VII of the Civil Rights Act of 1964, and other applicable statutes and University policies. The University of Delaware also prohibits unlawful harassment including sexual harassment and sexual violence.
Applications close: Open until filled