Senior Income Tax Analyst - Partnership Tax at Marathon Petroleum

Findlay, Ohio, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Petroleum, EnergyIndustries

Requirements

Bachelor’s degree in Accounting/Business/Finance/related field (Accounting preferred)
Three (3) to five (5) years of progressive experience, or equivalent skillset level with greater than five (5) years of experience
Developing skills and expertise of tax rules and regulations
Ability to assist with review of workstreams with low/mid-level complexity
Strong ability to work well across all functions including accounting and other business partners
Developing written and oral communication skills with ability to communicate tax issues to non-tax team members

Responsibilities

Prepares or reviews tax returns, estimates, and extensions, including timely filing and submissions with tax authorities
Prepares or reviews relevant calculations and workpapers to support tax filings
Maintains close liaison with Company personnel and pertinent areas in the accounting and operating departments; keeps informed of changes and developments in these areas; and plans and recommends procedures to minimize the tax cost and to improve tax compliance and reporting procedures
Supports the quarter-end and year-end tax accounting reporting process through preparation or review of tax workpapers and forecasted income tax details
Keeps abreast of tax law changes and performs tax research and interprets/documents application to the company which could have a significant impact on the company’s financial results
Assists in compiling requested information to respond to auditor requests timely, including requests for information from taxing authorities and external auditors
Assists with compiling documentation to support audit protests and the tax reserve entries including assisting with preparing protests, briefs and petitions; and participates in conferences with tax officials
Makes accurate and timely tax return payments (via check, ACH or wire) to tax jurisdictions through SAP in coordination with the preparation and filing of the jurisdictional tax returns; and books journal entries as needed and reconciles tax liability general ledger accounts, as required
Networks with internal business partners, including accounting and other business partners, to address questions and resolve issues regarding the reporting of any potential tax liability and changes in the business operations
Identifies and assists with the implementation of income tax technology efforts, including process automation/improvements
Assists Tax management with special projects, including time sensitive and confidential projects

Skills

Partnership Tax

Income Tax

Tax Returns

Tax Estimates

Tax Extensions

Tax Workpapers

Tax Accounting

Tax Research

Tax Compliance

Financial Reporting

Marathon Petroleum

Refines and markets petroleum products

About Marathon Petroleum

Marathon Petroleum Corporation operates in the energy sector, focusing on refining and marketing petroleum products. They process crude oil into usable products like gasoline, diesel, and jet fuel at the largest refining system in the United States, located in Findlay, Ohio. Their extensive network includes branded retail locations across the country, primarily under the Marathon brand, serving individual consumers and businesses that need bulk fuel supplies. Additionally, they have a midstream subsidiary, MPLX LP, which gathers, processes, and transports crude oil and natural gas, facilitating the supply chain from raw materials to refineries. Marathon Petroleum's integrated business model allows them to control multiple stages of the supply chain, optimizing operations and reducing costs, which enhances profitability. The company's goal is to maintain strategic growth and operational excellence while serving a diverse range of clients efficiently.

Findlay, OhioHeadquarters

1887Year Founded

IPOCompany Stage

EnergyIndustries

10,001+Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Paid Vacation

401(k) Company Match

Parental Leave

Professional Development Budget

Performance Bonus

Risks

Volatility in crude oil prices can impact MPC's profitability.

Stricter environmental regulations may increase operational costs for MPC.

The rise of electric vehicles could reduce demand for MPC's gasoline products.

Differentiation

MPC operates the largest refining system in the United States.

The company has a strong integrated business model from refining to retail.

MPC's midstream operations through MPLX LP enhance its supply chain control.

Upsides

MPC's focus on operational excellence ensures competitive advantage and profitability.

Recognition for energy efficiency by the EPA highlights MPC's commitment to sustainability.

MPC's extensive retail network strengthens its market presence and customer reach.

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