Posted: Sunday, February 25, 2018 1:28 AM
Company Name: Marathon Petroleum Company LP
Supervisor : Federal Partnership Income Tax Compliance
The Partnership Federal Income Tax Compliance section is responsible for federal partnership income tax compliance reporting requirements for Marathon Petroleum Corporation and subsidiaries, primarily MPLX LP, a publicly traded master limited partnership (MLP). Compliance responsibilities include the preparation of the annual forms Schedule K:1, Partners Share of Income and Deductions, federal partnership returns of income for MPLX LP and its subsidiary partnerships, and assist, as needed, with preparation of state income tax returns.
The supervisor leads the Federal Partnership Income Tax Compliance function, researches partnership tax issues and provides the business units with effective and timely income tax advice, participates in business development projects, coordinates deferred tax analyses, manages forecasts, and oversees resolutions of unitholder issues. The supervisor ensures that the sections assigned partnership entities comply with internal and regulatory filing deadlines. The position reports to the Income Tax Compliance Manager.
:Manage the entire MPLX LP and lower:tiered partnerships federal income tax reporting processes. Comply with the federal tax code, particularly Subchapter K. Oversee the preparation of Schedules K:1, including required monthly and annual schedules of book to taxable income, net cash equivalents, and financial and tax basis balance sheets.
:Manage a staff of three to four partnership income tax analysts. Promote staff career development including training and maintain a highly cooperative team environment.
:Develop and maintain a strong and collaborative relationship with the PwC MLP services group. Provides the PwC MLP service provider with required fixed asset, taxable income and balance sheet data and details required to compute 704(b) books and 704(c) allocations for MPLX LP.
:Effectively interact with MPLX Accounting : Denver Division : to maintain and provide all needed accounting records for tax returns and tax provision purposes.
:Research and report on federal partnership income tax compliance issues and planning matters including mergers and acquisitions, capital development projects and divestments. This function includes development of modeling needed to determine optimized tax planning outcomes, working directly with MPC forecasting and business development, as needed.
:Collaborate actively with Business Development, Government Affairs, and Tax Organization management to evaluate and recommend courses of actions for business development opportunities, legislative proposals, and tax planning, including modeling of tax outcomes
:Ensure that the Federal Partnership section maintains strong working relationships with the Tax, Controllers, and Finance Organizations. Participate in budgeting, forecast and other forward:looking modeling processes.
:Review inputs and outputs from the PwC MLP database, including documenting compliance with internal controls.
:Manage the compilation of MPLX forecast data necessary for quarterly consolidated corporate tax provisions.
:Assist as needed with the technical details of the MPC income tax provision that arise from MPLX LP activity
Degree: Bachelor degree in Accounting; masters degree in Accounting strongly preferred, masters degree with taxation emphasis is a significant plus. Other disciplines will be considered if the applicant has obtained the Certified Public Accountant (CPA) designation.
Certifications: Certified Public Accountant designation is highly preferred
Computer Proficiencies: SAP, Oracle, and Corptax income tax compliance and provision software experience is preferred. Excel proficiency is required.
Work Experience: The candidate must have demonstrated effective income tax management skills and possess a sign
• Location: findlay, Lima/Findlay
• Post ID: 58369867 limaoh