Job Description
Company Overview for Formosa Plastics Corporation, U.S.A. Founded in 1978, Formosa Plastics Corporation, U.S.A. (Formosa Plastics) is a growing, vertically-integrated supplier of plastic resins and petrochemicals. With annual revenues of more than $5 billion, we employ over 2,800 people who operate 20 production units in six business divisions - Olefins, Polyolefins, Vinyl, Specialty Polyvinyl Chloride, Chlor-Alkali, and Oil & Gas. Formosa Plastics offers a full line of polyvinyl chloride, polyethylene and polypropylene resins, caustic soda and other petrochemicals that deliver the consistency, performance and quality that customers demand. We market our polypropylene and polyethylene resins under the Formolene® tradename; we market our suspension PVC and specialty (dispersion) PVC resins under the Formolon® tradename. We also produce and sell caustic soda, ethylene dichloride, commercial bleach and hydrochloric acid. We are committed to supplying the highest quality products and services to our customers, providing a safe and healthy workplace for our employees and contributing to the quality of life in the communities where we operate. This commitment is made possible through our dedicated people, consistent products, continued protection of the environment and ongoing investments in new product development, quality control systems and safe, modern and energy-efficient production facilities. Formosa Plastics is a privately held company headquartered in Livingston, New Jersey. Our core business, producing plastic resins and petrochemicals, takes place at three wholly-owned chemical manufacturing subsidiaries located in Delaware City, Delaware, Baton Rouge, Louisiana and Point Comfort, Texas. CORPORATE TAX ACCOUNTANT II POSITION OBJECTIVE The Corporate Tax Accountant II is responsible for preparing and managing federal and state tax compliance activities for multiple company entities. This role analyzes financial records, computes taxes owed in accordance with applicable laws and regulations, and utilizes tax software to prepare and file returns accurately and timely. The position also advises management on the tax implications of business activities and identifies strategies to minimize tax liabilities while ensuring compliance with all tax reporting and payment requirements. In addition, this role supports IRS and state tax audits by providing documentation, responding to inquiries, and assisting throughout the audit process. MAJOR AREAS OF ACCOUNTABILITY Tax Return Preparation and Filing Prepare and file Federal Corporation/Partnership Tax Returns and State Income/Franchise Tax Returns for several entities in different States. Resolve any technical and e-filing problems related to the tax software. Tax Analysis and Financial Review Review financial records and communicate with accounting department and top management to understand the companies business activities so as to analyze the tax impact on these transactions. Compile business data from each plant for tax apportionment & allocation. Audit Support and Tax Authority Communication Provide information and respond to Federal and State tax auditors. Collect audit required documentation from accounting department and other plants and explain the Company's business activities and transactions to the auditors to help smooth the audit process. Respond to the IRS and State notices regarding any tax discrepancies. Tax Provision and Financial Reporting Compliance Perform annual tax provisions, true-up and tax disclosures in financial reports to ensure compliance of FAS 109 and FIN 48. Prepare supporting documentation for all the tax adjustment and evaluate and compute the tax liabilities/ benefits caused by the IRS and State audits for financial disclosure. Tax Research and Planning Conduct research on tax savings projects. Regularly monitor Federal and State tax regulation changes and inform the top management any possibilities of tax savings. Compose recommendation letter and report to the top management to analyze tax effect under different scenarios. International Tax Compliance Perform international tax calculation, such as Global Intangible Low-Taxed Income (GILTI), Foreign-Derived Intangible Income (FDII), and Section 163(j). QUALIFICATIONS Preferred: 5–7 years of experience in corporate taxation Experience preparing corporate and partnership tax returns, including state income and franchise tax returns Knowledge of year-end tax provisions and Schedule M-3 adjustments Experience with international tax concepts, including GILTI, FDII, and Section 163(j) Strong research, analytical, and tax analysis skills Proficient in Microsoft Office applications, particularly Excel and Word Excellent verbal and