Department:
FinanceOur Company Promise
We are committed to provide our Employees a stable work environment with equal opportunity for learning and personal growth. Creativity and innovation are encouraged for improving the effectiveness of Southwest Airlines. Above all, Employees will be provided the same concern, respect, and caring attitude within the organization that they are expected to share externally with every Southwest Customer.
Job Description:
Southwest firmly believes that our People are our greatest asset, and Leaders within the Company support our People by ensuring all have equal opportunity for learning and personal growth. The Director of Income and Excise Tax leads and develops the Corporate Income and Excise Tax Team and is responsible for ensuring all tax returns and tax accounting accruals are complete, accurate and timely. This role guides the audit strategy and tax planning for the Company and communicates quarterly and annual financial results to the Senior Leadership of the Finance Department in a clear and easily understood manner. The Director Income and Excise is an adaptable problem-solver and skilled communicator who is passionate about building relationships and finding ways to reinvigorate the future of Southwest Airlines.
The culture of Southwest Airlines means we embrace a flexible workplace and value the camaraderie, collaboration, and innovation that occurs when we come together and interact face-to-face at our vibrant Corporate Campus. This role is a hybrid position based out of our Corporate Campus in Dallas, TX, which requires Employees to work onsite on our Corporate Campus at least three days a week. The Department designates the specific three days of the week Employees must work on-site.
U.S. citizenship or current authorization to work in the U.S. required and no current or future work authorization sponsorship available.
Southwest Airlines is an Equal Opportunity Employer. We continue to look for opportunities to reflect the communities we serve, and welcome applicants with diverse thoughts, backgrounds, and experiences.
Model the Southwest Way to:
- Guide and lead Team Members using SWA talent management practices to coach, develop, and engage Employees
- Adhere to Company values and competencies to foster a Culture of inclusion, recognition, and support of a safe work environment
- Invest in Leadership and self-growth through participating in continuous learning and development
Job Responsibilities
- Oversee international, federal, state and local income tax filings, tax audits and tax research, including income, franchise, and excise filings
- Create, communicate, and manage the execution of a strategic Department Vision that aligns with the Controller and Company Visions
- Act as advisor to other departments or individuals who are seeking information and guidance relating to income tax
- Monitors tax law and/or accounting pronouncement changes that impact the Company and proactively communicates to Finance Leadership
- Direct the preparation and review of ASC 740 process (Accounting for Income Taxes) including: full compliance with U.S. GAAP tax disclosures required for the tax footnote included in SEC Form 10-K annual report and Form 10-Q quarterly reports, ensure tax accounts are reconciled, adequate controls exist and the companys SEC filings have appropriate disclosures, ensures that U.S. current and deferred tax account balances are accurately stated and properly classified through annual reconciliation to underlying asset and liability accounts and/or discrete tax bases
- Evaluate tax savings opportunities to reduce costs; direct implementation
- Guide development and implementation of new tax planning strategies both domestically and internationally, including the evaluation of effects of current and future changes in tax law
- May perform other job duties as directed by Employee&39;s Leaders
Knowledge, Skills and Abilities
- Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process
- Skilled in identifying complex problems and review related information to develop and evaluate options and implement solutions
- Skilled in using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems
- Ability to apply general rules to specific problems to produce answers that make sense
- Ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events)
- Skilled in understanding the implications of new information for both current and future problem-solving and decision-making
- Skilled in using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems
- Skilled in written and verbal communications, especially business writing
- Ability to apply general rules to specific problems to produce answers that make sense
- Ability to quickly and positively start interactions between people of different backgrounds and experiences
- Ability to properly value all aspects of a business to reflect a total value of the business
- Skilled in motivating, developing, and directing people as they work, identifying the best people for the job
- Ability to make time sensitive decisions to move work forward; take responsible risks to achieve goals
- Ability to apply general rules to specific problems to produce answers that make sense
- Skilled in effectively communicating information and ideas in a concise and compelling story-line using all forms of communication, tailoring tone, style and content to the intended audience
- Ability to act with courage and consistency when demonstrating Southwest values, even when it might be unpopular or inconvenient to do so
Education
- Required: High School Diploma or GED
- Required: Bachelors Degree in Accounting or Finance
Experience
Preferred: Knowledge of federal and state tax laws
Preferred: Experience in accounting for income taxes (ASC 740)
Preferred: A working knowledge of Thomson OneSource Income Tax, OneSource Tax Provision, and SAP general ledger software platforms
- Demonstrated experience in directly or indirectly leading team(s)
- Advanced level Business Acumen in functional area
- Seasoned and specialized knowledge in:
- Large corporate tax department practices and/or Big 4 accounting firm practices
- Corporate income tax function and/or Big 4 accounting firm practices
Licensing/Certification
- Required: Certified Public Accountant
Physical Abilities
- Ability to perform work duties from limited space work station/desk/office area for extended periods of time
- Ability to communicate and interact with others in the English language to meet the demands of the job
- Ability to use a computer and other office productivity tools with sufficient speed and accuracy to meet the demands of the job
Other Qualifications
- Must be a U.S. citizen or have authorization to work in the United States as defined by the Immigration Reform Act of 1986
- Must be at least 18 years of age
- Must be able to comply with Company attendance standards as described in established guidelines
- Must maintain a well-groomed appearance per Company appearance standards as described in established guidelines
- Must meet confidentiality expectations as to confidential, proprietary, and sensitive Company information
- Must have the flexibility to work extended hours, including occasional weekends, and Company holidays
- Some travel may be required
Pay & Benefits
Competitive market salary from $192,350 - 213,700 per year* depending on qualifications and experience. For eligible Leadership and individual contributor roles, additional bonus opportunities are available and awarded at the discretion of the company.
Benefits youll love:
• Fly for free, as a privilege, on any open seat on all Southwest flights (your eligible dependents too)
• Up to a 9.3 401(k) Company match, dollar for dollar, of your eligible pay, per
paycheck *
• Potential for annual ProfitSharing contribution toward retirement - when Southwest profits, you profit**
• Explore more Benefits youll love: https://careers.southwestair.com/benefits
*Pay amount does not guarantee employment for any particular period of time.
**401(k) match contributions are subject to the plans vesting schedule and applicable IRS limits
***ProfitSharing contributions are subject to plans vesting schedule and are made at the discretion of the Company.
Southwest Airlines is an Equal Opportunity Employer.
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Job Posting End Date
04/23/2024