Cardinal Health VP, Domestic Tax Operations in Dublin, Ohio

What Tax contributes to Cardinal Health

Tax is responsible for the design, implementation and defense of tax strategies and positions. Records and reports tax expense in accordance with GAAP and SEC reporting requirements. Accountable for the tax due diligence of corporate transactions and preparation of tax compliance returns and reports.

  • Demonstrates knowledge in broad area of tax principles, planning strategies and concepts.
  • Develops and implements tax controversy strategies to address impact on all open years and impact on planned transactions.
  • Analyzes transactions for areas of tax risk and opportunities.
  • Demonstrates tax accounting knowledge of GAAP and SEC tax recording and reporting requirements.
  • Performs detailed tax research and analysis.
  • Develops approaches to detect, resolve and properly report issues and transactions on tax returns.
  • Partners with the business to improve tax efficiency of business planning and operations as well as tax compliance and reporting.

Accountabilities

The VP, Domestic Tax Operations is responsible for the federal and state tax compliance and all aspects of SEC reporting. The position also includes certain department-wide administrative responsibilities. General responsibilities include the following areas:

  • Accountable for completion and filing of federal consolidated returns, including all related analysis, computations, and supporting documentation
  • Responsible (shared with Global planning) for IRS income tax audits, including examination and appeals, for all open federal cycles
  • Responsible for all aspects of income tax accounting for SEC reporting, including SOX internal controls requirements
  • Responsible for reporting federal and state cash tax forecasts and variances to actuals to Treasury
  • Responsible for budget and forecasting of ETR/tax expense for current year by quarter and 3- year outlook
  • Responsible for coordination with Tax Planning on federal aspects of M&A and responsible for purchase accounting
  • Serves as the main contact and liaison with Internal Audit, FP&A, Corporate Accounting, Investor Relations, and SEC Reporting for purposes of quarterly reporting and press release preparation
  • Manages and oversees service providers – co-sourcing engagement and external auditor
  • Sponsors and manages the Student Tax Experience Program; ensures that the overall department is taking full advantage of the program

The VPDTO’s primary responsibilities are to ensure compliance with all requirements of ASC 740, SOX internal controls and federal tax compliance. The team reporting directly to the VPDTO also have responsibilities to support other sub-functions in tax (e.g., planning, international operations, transfer pricing, SALT, etc.). While not directly responsible for systems, the VPDTO and team also work closely with the Tax IT Managers. Together the VPDTO and the Tax IT Managers will work cross-functionally with the broader CAH IT organization to ensure that CAH systems can support the complexities of Tax Reporting.

By category, a more detailed (but not all inclusive) description of responsibilities of the VPDTO and team are as follows:

Federal Consolidated Tax Return

  • Direct the preparation and review of federal proformas, 5471s, eliminations, statements/elections, consolidation, and other forms included in the consolidated federal form 1120
  • Manage and oversee the co-sourcing engagement scope,
  • Ensure workpapers are adequate for full support of the tax return filing and IRS audit defense

Global Income Tax Reporting

  • Direct all aspects of income tax accounting and compliance with ASC 740 – including interim periods, current/deferred calculations, valuation allowances, business combinations, indefinite reinvestment assertions, uncertain tax positions, equity compensation, and financial statement presentation/disclosure
  • Work directly with the other groups to ensure inputs into tax accounting are appropriate for transfer pricing, international/OUS operations, global planning, and SALT
  • Ensure appropriate internal controls are designed and executed – including evidence of management review controls
  • Oversee and manage the external audit firm in the audit of income taxes and internal controls

Federal Audit Defense/Controversy

  • Direct all processes to minimize exposure for federal controversy
  • Manage IDR process and utilize optimal response strategies
  • Manage NPAs and coordination of risks with uncertain tax positions and tax reserves
  • Prepare protests and appeals and closing documents as needed
  • Specific responsibilities for transfer pricing and international tax controversy items resides primarily with global planning

Mergers and Acquisitions

  • Work with Tax Planning group and service providers in due diligence including review of tax returns, financials, and other tax documentation to evaluate potential tax risks and opportunities
  • Review and comment on tax aspects of financial model
  • Review and comment on tax aspects of purchase agreements
  • Coordinate with state and international tax team members, as well as financial and operational due diligence team members, to deliver quality integrated analysis of potential acquisitions

  • Work with other tax team members on all integration activities associated with closed acquisitions

  • Prepare tax accounting related to opening balance sheet and purchase accounting

Budgeting and Forecasting

  • Prepare calculations for FP&A for budgeting and forecasting of ETR - both GAAP and non-GAAP basis
  • Ensure proper legal entity accounting is being utilized by FP&A and Corporate Accounting
  • Prepare and review earnings release and guidance information for tax related items and income tax impact on EPS
  • Coordinate the tax department cost center budget and assist the GVP with this effort

Qualifications

  • Bachelors and Advanced degree in business related field, or equivalent work experience
  • 12+ years experience in related field
  • prior supervisory experience

What is expected of you and others at this level

  • Provides leadership and direction for multiple operational units or disciplines through Directors may manage managers
  • Manages an organizational budget
  • Approves significant policies and procedures that will result in the achievement of organizational goals
  • Develops and implements functional and/or operational strategy
  • Decisions have a serious impact on overall success or failure on area of accountability and external stakeholders
  • Interacts with all levels of internal and/or external leaders
  • Influence senior level leaders regarding matters of significance

Cardinal Health is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.

Cardinal Health is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.