PG191016EPInternal Recruitment :
Director, Tax and ComplianceAnticipated Hiring Range:
$90,000 - $110,000Work Schedule:
Monday-Friday, 8AM-5PM, some overtime as required.Job Location:
Raleigh, NCDepartment :
University ControllerAbout the Department:
The University Controller’s Office is a department under the Division of Finance. The office has business units covering the following areas: Cash Management, Banking and Merchant services, General Accounting, Financial Reporting and Taxation, Accounts Payable; Business Systems, and Payroll and Debt Management.
The University Controller’s Office works to advance NC State as a leader in fiscal accountability and responsibility through a collaborative partnership with our campus community, strong partnerships with our peer groups, improvements in the University’s financial systems and internal controls, and efficient and effective business operations. The office continues its attention towards collaborative efforts and in providing fiscal leadership, oversight, accounting, reporting, training, and outreach services that exemplify the highest standards of quality, performance, and service. Having professional staff and managers with imagination, knowledge, and people skills are paramount in the successful implementation of these goals.
The University Controller’s Office is responsible for fiscal accountability, accuracy and reporting of a $1.6 billion enterprise, including timely and accurate payment of monthly and biweekly wages to over 18,000 staff, faculty, student workers and temporary employees, over 90,000 vendor payments annually and management of a $600 million external debt portfolio.Essential Job Duties:
The Director, Tax and Compliance responsibilities include, but are not limited to:
- Respond to tax questions, conduct tax research and provide advice regarding tax planning options and the associated financial impact. Work with tax staff to research and resolve complex tax questions / problems where there is no clear precedent. The person in this position should have expert knowledge in Federal and State tax regulations.
- Develop, deliver, and maintain multi-level training and documentation on tax and compliance related issues for campus units.
- Ensure accurate, timely completion of all required tax forms, returns, reporting for the University. Coordinate with Payroll Director regarding payroll related reporting. Manage Non-Employee Taxation. Manage the preparation of the University’s Form 990-T (Exempt Organization Business Income Tax Return) and CD-405 Corporation Tax Return, which reports taxable income to the IRS and North Carolina Department of Revenue, respectively. Taxable income comprises a cross-section of the university which requires extensive knowledge of the application of the IRS Tax Code. Demonstrate ability to anticipate and remain alert to potentially problematic situations.
- Manage the review of Accounts Payable transactions for compliance with IRS and NC Department of Revenue rules and regulations pertaining to the preparation of 1099 forms and the reporting of income and withholding applicable to non-residents paid or reimbursed through Accounts Payable. Information pertaining to non-residents is reported to International Compensation and Taxation (ICT) to facilitate the required 1042-S reporting. The Office of Tax and Compliance will work closely with ICT to facilitate accurate, timely tax withholding and reporting to non-resident aliens (1042-S forms). Properly reporting and withholding tax on transactions germane to transactions flowing through the accounts payable system requires extensive knowledge of the application of the IRS Tax Code. The Director must possess an ability to assess complex arrangements, serve as a technical resource to the University, and document and effectively articulate written conclusions on the taxability of a variety of disbursement transactions.
- Oversight of the tax implications of the University’s operations in foreign countries. This requires a working knowledge of the IRS Code and an awareness of laws and regulations that exist in foreign countries. The Director must be able to research laws and customs in countries where the University is currently conducting business and in countries where the University is considering doing business. They must possess an ability to assess complex arrangements, serve as a technical resource to the University, and document and effectively articulate written conclusions on the taxability of transactions to be conducted in foreign countries. The Director must partner with the Office of General Counsel and other members of senior administration concerning how to best comply with US and foreign taxation rules and law
- Keep abreast of all tax law and guidance changes. Communicate impact of tax law changes and change/update/create policy/procedure changes to bring to management.
- Identify activities and transactions in which the University has tax exposure. Proactively advise changes to policies and processes to put the University in the best possible position.
- Research and document tax issues outside the United States that may have an impact on the University, i.e. VAT, import/export, foreign presence. Participate in Global operations workgroup and planning.
- Coordinate with, and provide assistance to Payroll Director regarding employees working outside the United States as well as tax status of non-US citizen employees working within the US.
- Coordinate with and provide assistance to departmental units, including but not limited to Athletics, Office of General Counsel, and Provost, regarding tax related issues. Participate in strategic business discussions and provide advice on tax-related matters in the course of this planning.
- Serve as the University’s primary liaison with federal and state tax authorities.
- Review, apply for, and maintain sales tax exemptions for as many state as possible.
- Review tax aspects of projects and bond issues, and be part of the financing team when issuing university debt.
- Develop, update, and maintain tax-exempt bond compliance policies and procedures. The Director is responsible for tracking and reporting private use in University buildings including leases, contracts and research activities, as well as maintaining compliance with IRS and State of NC rules/policies. This also includes the preparation of training materials and outreach and/or teaching various campus constituencies about the complex requirements of post-issuance bond compliance.
The Director, Tax and Compliance also has supervision and administration responsibilities. These responsibilities include, but are not limited to:
- Mentor, coach, and manage the total competencies of staff in tax and compliance.
- Seek sources and opportunities for employee training and growth from national accounting and business organizations, such as NACUBO and the Treasury Institute, as well as University and UNC System offered programs.
- Establish work plans, review performance, counsel and discipline staff members as appropriate.
- Recruit, train, and maintain a professional staff.
- Provide salary recommendations, ensure position descriptions are current and accurate, and confirm compliance with EEO provisions.
- Direct program and staff resources to enable department to meet external and internal deadlines.
- Involve staff in strategic planning implementation, and development of policies and procedures to assist in meeting deadlines and regulations.
Minimum Education and Experience:
- Oversight of other compliance efforts as assigned.
Requires a relevant post-Baccalaureate degree with a minimum of three (3) years or greater of related professional experience; or a relevant undergraduate degree with a minimum of five (5) years or greater of relevant experience may be substituted for the advanced degree.Other Required Qualifications:
Related experience with tax planning and analysis, tax advisory experience with a tax practice of a Big Four accounting firm, or tax work with a law firm.
Demonstrated ability to research, understand, interpret, and assess the institutional impact of local, state, federal and international tax laws.
Strong oral and written communication skills with the ability to communicate with a wide variety of stakeholders and with members of senior and middle management on complex matters of taxation.
Previous supervisory experience.Preferred Qualifications:
CPA, JD preferred.
Experience performing these functions at a large, public research university.Required License(s) or Certification(s):
N/AValid NC Driver's License required:
NoCommercial Driver's License required:
NoJob Open Date:
06/15/2021Anticipated Close Date:
Open Until FilledPosition Number:
SAAO Tier IIFull Time Equivalent (FTE) (1.0 = 40 hours/week):
12 Month RecurringMandatory Designation - Adverse Weather:
Mandatory - Adverse WeatherMandatory Designation - Emergency Events:
Mandatory - Fire/Explosions, Mandatory - Medical Emergencies, Mandatory - Hazardous Material Incidents, Mandatory - Transportation Accidents, Mandatory - Evacuations/Natural Hazards, Mandatory - Utilities/Infrastructure Failure, Mandatory - Threats of Violence/Terrorism/Interpersonal EmergenciesIs this position partially or fully funded on ARRA stimulus monies?:
496001 - University ControllerAA/EOE:
NC State University is an equal opportunity and affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, national origin, religion, sex, gender identity, age, sexual orientation, genetic information, status as an individual with a disability, or status as a protected veteran.
If you have general questions about the application process, you may contact Human Resources at (919) 515-2135 or [email protected] Individuals with disabilities requiring disability-related accommodations in the application and interview process, please call 919-515-3148.
Final candidates are subject to criminal & sex offender background checks. Some vacancies also require credit or motor vehicle checks. If highest degree is from an institution outside of the U.S., final candidates are required to have their degree equivalency verified at www.wes.org or equivalent service. Degree(s) must be obtained prior to start date in order to meet qualifications and receive credit.
NC State University participates in E-Verify. Federal law requires all employers to verify the identity and employment eligibility of all persons hired to work in the United States.