Senior Manager, State & Local Income Tax at Bristol-Myers Squibb

Princeton, New Jersey, United States

Bristol-Myers Squibb Logo
Not SpecifiedCompensation
Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Pharmaceuticals, HealthcareIndustries

Requirements

  • Bachelor's degree in accounting, finance, or a related field; preferably with a Masters of Tax and/or CPA license
  • 8+ years of SALT tax provision and compliance experience working in a complex manufacturing environment or in the pharmaceutical industry, preferable with 2+ years of public accounting experience
  • In-depth knowledge of SALT tax laws, regulations, proven experience managing complex SALT issues and audits, and preferable ASC 740 experience
  • Strong research, analytical and problem-solving skills, with the ability to interpret and apply tax laws and regulations
  • Proficiency in Microsoft Office Suite and a solid technology background, preferable with knowledge of SAP, OneSource Provision (knowledge of TaxStream is very beneficial), intelligent automation such as Alteryx, RPA, Power BI and Tableau
  • Excellent communication and interpersonal skills to effectively collaborate with internal and external stakeholders, strong attention to detail and ability to work under tight deadlines

Responsibilities

  • Provide assistance and support for all state tax income tax compliance activities including state income and franchise tax returns, determining estimated taxes and managing extension filings
  • Assist with state income and franchise tax audits and notices, in close collaboration with internal and external tax controversy teams
  • Gather required information and perform analytics and reconciliations for actual and projected state income tax provisions, including state UTPs, valuation allowances, return to provision reconciliations and cash taxes
  • Provide support for financial statement disclosures
  • Conduct research on state and local tax issues, providing guidance on tax implications for business decisions
  • Stay current on changes in state and local tax laws and regulations, and ensure the company remains compliant
  • Update and maintain SOX control documentation and aid with review and or testing of controls as required
  • Support company initiatives to minimize SALT liability and reduce audit risk, and work with our Tax Planning Team and outside advisors on state tax planning opportunities
  • Identify opportunities to streamline processes including integration of acquired businesses

Skills

State Tax Compliance
Local Tax Compliance
Income Tax Returns
Franchise Tax
Tax Audits
Tax Controversy
Tax Technical Research
Tax Legislation Monitoring
Estimated Taxes
Extension Filings
Tax Planning
Tax Reporting

Bristol-Myers Squibb

Develops and delivers biopharmaceutical medicines

About Bristol-Myers Squibb

Bristol Myers Squibb (BMS) develops and delivers medicines aimed at treating serious diseases, focusing on areas like cancer, autoimmune diseases, and heart conditions. The company conducts extensive research and development to create new drugs, which are sold after receiving regulatory approval. BMS also produces generic drugs, offering affordable alternatives that meet the same quality standards as their branded counterparts. What sets BMS apart from competitors is its dual focus on both innovative and generic medicines, enhancing access to healthcare. The company's goal is to improve patient outcomes while maintaining a commitment to sustainability and corporate responsibility.

New York City, New YorkHeadquarters
1887Year Founded
$33,706.1MTotal Funding
IPOCompany Stage
Biotechnology, HealthcareIndustries
10,001+Employees

Benefits

Flexible Work Hours
Hybrid Work Options
Professional Development Budget

Risks

Increased competition in oncology from emerging biotech firms like ArsenalBio.
BMS's lawsuit over the 340B Drug Pricing Program may lead to regulatory challenges.
Rapid AI and digital tech evolution may pose integration challenges for BMS.

Differentiation

BMS focuses on innovative cancer treatments through collaborations like ArsenalBio for T cell therapies.
The company emphasizes digital health technologies, enhancing clinical trial management and patient engagement.
BMS offers both innovative and generic medicines, increasing affordable healthcare solutions.

Upsides

BMS's partnership with Medidata enhances clinical research processes and patient outcomes.
The collaboration with AI Proteins advances novel miniprotein-based therapeutics, expanding therapeutic modalities.
BMS's global license agreement with BioArctic expands its portfolio in neurodegenerative diseases.

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