Overview
Manager, Corporate Tax Jobs in Toronto, Canada at Toronto Hydro
Title: Manager, Corporate Tax
Company: Toronto Hydro
Location: Toronto, Canada
Category:
Expected Salary Range: $124055 – $155069 Annually
Target Variable Performance Pay: 15%
The salary range shown above reflects the expected compensation for this position. The final salary offered will be determined based on a holistic assessment of the candidate’s experience, education, training, and alignment with the role’s requirements. For positions covered by a collective agreement, placement within the range will follow the applicable step or classification.
Responsible for leading the effective forecasting, planning, executing, reporting and compliance of financial reporting for tax in addition to commodity, property tax, tax research, and tax regulatory related activities for the organization. Manages the day-to-day tax compliance and planning, external financial tax reporting, regulatory tax reporting and related activities of external public and government auditors, while keeping leadership abreast of relevant legislative changes and tax implications to the organization.
This posting is for an existing vacancy.
KEY RESPONSIBILITIES:
- Leads the day-to-day review and execution of tax compliance reporting, filing and policy requirements for an assigned portfolio of corporate tax filings, commodity and property tax for the organization as well as non-standard organizational programs and commitments (i.e. Executive Retirement, acquisitions, divestitures, special projects etc).
- Contributes significantly to the Electricity Distribution Rate application and acts as a subject matter expert as part of the regulatory process (i.e. evidence preparation, witness preparation and participation, and expert testimony).
- Validates that tax assumptions, impacts, issues and plans are in alignment with the regulatory strategic framework.
- Reviews the tax components of regulatory filings for accuracy and in accordance with compliance and reporting requirements.
- Provides analysis of the tax impact of regulatory accounting and provides support for tax regulatory financial statements disclosures on a quarterly basis.
- Leads the forecasting and planning on tax assumptions and provisions to meet tax obligations in accordance with compliance and reporting requirements for inclusion in the organization’s financial budgeting and business planning processes.
- Conducts thorough analysis (including forecasting of the tax impact of regulatory accounting), makes recommendations of options and communicates tax impacts for business unit and/or Senior Leadership/Executive decision making and organizational success.
- Develops recommendations to address business issues and minimize liabilities from a tax perspective, with a focus on the organization’s strategic objectives in a complex regulated environment.
- Monitors and escalates issues to senior leadership as required.
- Manages the day-to-day audit relationships as the primary contact for both public (i.e. KPMG) and government auditors (i.e. CRA, Ministry of Finance), reviews information requests and verifies alignment with organizational strategy, arranges for the collation and provision of requested documentation and prepared schedules, analysis and reports for audits.
- Arranges for the preparation of data and leads negotiations with government auditors and other stakeholders for tax related requests.
- Provides expert insight and advice on a broad range of complex tax related issues to the organization and communicates effectively to affected stakeholders (e.g. implications of business strategies and new business opportunities, regulatory scenario planning).
- Conducts detailed tax research and reviews various policy perspectives on emerging issues, best practices and current tax law.
- Evaluates and reviews the impact of corporate business development initiatives, government policies and/or new and emerging tax changes to determine the potential impact to the organization.
- Introduces processes and procedures in response to changes in policy.
- Implements risk management and internal controls, including assessment and monitoring to validate internal controls are in place and are adequately designed and operating effectively.
- Provides input to ongoing initiatives for senior level tax advice and…