NewMarket Services

Sr. Tax Accountant- International Tax

Location US-VA-Richmond
Category
Accounting/Finance

Overview

ABOUT US:

NewMarket Corporation is the parent company of Afton Chemical Corporation and Ethyl Corporation. Afton Chemical is one of the largest global suppliers of lubricant additives and offers a broad line of fuel additives worldwide. 

 

JOB SUMMARY:

The purpose of the Sr. Tax Accountant position is to be the international tax specialist and support the tax department and the multinational business through the preparation of federal corporate tax returns, accounting for income taxes under ASC740, researching federal and state tax matters, and supporting and identifying tax planning and process improvements, in alignment with the company’s vision and values.

Responsibilities

Tax Planning and Process Improvements

  • Maintain up-to-date knowledge of tax issues affecting the company through CPE and identify opportunities to reduce the tax liability of the company. Support business initiatives while seeking opportunities to maximize shareholder value, reduce risk, and manage tax liability.
  • Identify opportunities to simplify non-value-added processes and use technology to increase efficiency, including increasing automation of workpapers to improve tax compliance and close processes and increasing use of SAP functionality.

 

Accounting for Income Taxes

  • Calculation of US foreign income inclusions on a quarterly basis, including Global Intangible Low-Taxed Income, Foreign Derived Intangible Income, Subpart F Income, and other applicable inclusions.
  • Calculation of the foreign tax credit and any applicable Base Erosion and Anti-Abuse Tax liability.
  • Calculation of the quarterly income tax accrual under ASC 740 for certain international subsidiaries, including recording accruals in general ledger software and assistance in the preparation of income tax footnotes and disclosures for SEC filings.
  • Perform all job responsibilities in compliance with Sarbanes-Oxley controls; revise and update Sarbanes-Oxley controls as needed.

 

Tax Compliance and Audits

  • Assist the tax department in the preparation of the federal income tax return by preparing various forms, including Forms 5471, 8858, 5472, 8991, 8992, and 8993. The consolidated federal return includes approximately 20 foreign subsidiaries and 10 foreign disregarded entities. The company operates in approximately 48 states.
  • Preparation of foreign withholding tax forms, including Form 1042 and 1042-S.
  • Preparation of various federal, state and local tax returns, including sales and use, property, excise, fuel tax, or annual reports as needed.
  • Responsible for assisting with state and federal audits as needed.Research and analysis of various tax issues at the federal, state, and local level.
  • Assist in managing the tax compliance of four foreign holding companies.

Qualifications

EDUCATION AND EXPERIENCE:

  • Bachelor’s degree in Accounting, Master’s degree preferred
  • CPA, preferred
  • 5 years relevant work experience required
  • Experience with automated accounting systems (SAP or other GL), RIA OneSource or other tax return compliance and tax provision software, and MS Office
  • Working at NewMarket

 

Who We Are - We're a diverse, global family of individuals, who share a passion for developing innovative solutions. We build our professional relationships on respect, integrity and a commitment to safety and quality. Just as these values apply to our professional relationships, they also apply to the way we feel about our neighbors and communities.

 

Our Work - At NewMarket, our innovative R&D programs lead to global growth. Our lubricant and fuel additives are among the most highly developed and widely used in the petroleum industry. Afton is a recognized and trusted supplier of driveline lubricant additives, engine oil additives, fuel additives and industrial lubricant additives.

 

Benefits / Compensation - We offer competitive compensation and benefit packages that reflect our commitment to our employees. Our employees are our most treasured asset and we have dedicated resources that allow us to reward our employees for their commitment on an ongoing basis - ensuring our compensation packages are competitive in the industry.

 

An Equal Employment Opportunity/Affirmative Action Employer.  All qualified applicants will receive consideration for employment without regard to the individual’s race, color, sex, sexual orientation, gender identity, national origin, religion, age, disability, genetic information, status as a military veteran or any other characteristic protected by applicable law.

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