Organized in 1899, VF Corporation is a global leader in branded lifestyle apparel, footwear and accessories with nearly 70,000 associates and $12.4 billion in revenue. In August 2018, VF announced its plans to spin off the Jeanswear business comprised of approximately 20,000 employees and $2.5 billion in revenue. The new company, Kontoor Brands, Inc., will be a separate publicly-traded company headquartered in Greensboro, NC and includes the Wrangler, Lee, and VF Outlet brands.
The spin is planned to be effective in the first half of 2019 and will position Kontoor Brands as the home of iconic brands steeped in heritage and authenticity. Kontoor Brands will be the leading player in denim globally, delivering steady growth, consistent profitability and strong cash flow to support high dividends to our shareholders. As an independent, publicly-traded company, Kontoor Brands will have significant opportunities to modernize and evolve the business, pursue new market expansion, and grow our geographic and category footprint.
Senior Manager, State and Local Tax: Become the Newest Member of Kontoor Brands
This position is responsible for US State income, franchise and indirect tax compliance and planning including technical research, legislative monitoring, ASC 740 accounting, state income tax provision, federal and state credits & incentives, and analyzing and modeling the impact of legislative and operational changes. The position will provide state tax guidance and leadership on a wide range of tax issues and participate in significant projects to ensure the state tax implications are identified and considered. The person will promote a team atmosphere, build consensus and strive to continuously improve the compliance process and overall tax operations of the tax department through identifying and using best practices.
This position is responsible for assisting the Director– Global Tax Operations with oversight and management of key U.S. tax matters including:
Overseeing US state income, franchise and indirect state tax compliance;
Managing and executing tax state income and indirect tax planning initiatives;
Managing the income tax accounting and reporting process for all state tax issues for public US GAAP financials;
Managing and overseeing the federal and state credits and incentives;
Planning, executing, and oversight of strategic tax aspects of company’s global legal entity tax structure as it affects domestic taxes;
Supporting and coordination of all aspects of the business in tax matters and planning in coordination with the Senior Director - State Tax;
Establishing, reviewing, and updating control-related standards and procedures;
Responsibility for top-level review of state income, franchise and indirect tax returns.
State tax research on income, franchise, and other related tax technical matters
Model changes to VF legal, operational, and tax structures
Support the Director – Global Tax Operations and the Vice President – Global Taxes to maintain/manage the company’s complex corporate income tax structure that continues to grow as Kontoor changes and grows.
Maintain the tax platform through coordination of accurate and complete documentation and coordination with the Treasury, Accounting and Legal functions;
Assist in responding to any IRS or state taxing authority questions or concerns and defend any challenges issued by the IRS and state taxing authorities;
Integrating new acquisitions into the existing structure
Communicating and interacting with management and operational leaders across the business, and exploring further opportunities to enhance tax benefits, reduce complexity, and increase efficiency;
Review state income tax accounting for quarterly and year-end public financial reporting;
Establish influential relationships across all function and coalition businesses.
Work on large scale domestic tax projects as needed
Ensure that audit issues are addressed in ongoing state income tax compliance.
Review department schedule of compliance work to ensure deadlines are being met.
Assist in review of US income tax accounting including state tax deferred tax assets, state valuation allowances, state current/deferred tax provisions, state rate calculation and state payable roll forward
Organized in 1899, VF Corporation is a global leader in branded lifestyle apparel, footwear and accessories, with global iconic brands, 64,000 associates and $12.4 billion in revenue. Our businesses and brands are organized into four categories called coalitions, comprising: Outdoor & Action Sports, Jeanswear, Imagewear, and Sportswear. While VF is highly diversified across brands, products, distribution channels and geographies, our One VF culture and approach to doing business provide a unique and powerful competitive advantage.
VF Diversity Vision Statement
VF is committed to creating an inclusive environment that welcomes and values the differences among all of our associates, customers, suppliers and the communities in which we live and conduct business. The continued success and growth of VF is enhanced through initiatives that promote diversity throughout VF around the world.VF is an equal employment opportunity/ affirmative action employer of minorities, females, protected veterans and the disabled. VF is committed to providing equal opportunities in employment, and treating our VF associates and VF applicants without discrimination on the basis of their race, color, gender, age, national origin, religion, sexual orientation, gender identity or expression, marital status, citizenship, disability, protected veteran status, HIV/AIDS status, or any other legally protected factor.