Tax Manager Income Tax & Provision

HOME CA Full time R56250 At Cadence, we hire and develop leaders and innovators who want to make an impact on the world of technology. POSITION OVERVIEW We are seeking a Tax Manager to join our Corporate Tax team. Reporting to the Tax Director of Provision, this role is responsible for leading the preparation and review of the consolidated income tax provision under ASC 740, as well as supporting federal and state income tax compliance, SEC reporting disclosures, and internal controls over financial reporting. The ideal candidate brings a strong technical foundation in ASC 740, exceptional attention to detail, and the ability to communicate complex tax concepts clearly to cross-functional stakeholders. KEY RESPONSIBILITIES Tax Provision (ASC 740) Preparation and review of the quarterly (Form 10-Q) and annual (Form 10-K) consolidated income tax provision under ASC 740, including current and deferred tax computations. Calculate and maintain uncertain tax position (UTP) reserves under ASC 740-10 (FIN 48); prepare and update UTP inventory schedules and supporting documentation. Preparation and review of deferred tax asset and liability calculations; perform quarterly roll-forward analyses and reconciliations to the general ledger. Conduct quarterly valuation allowance assessments across domestic and international jurisdictions; prepare positive/negative evidence memoranda supporting management conclusions as needed. Prepare and review tax return-to-provision true-up calculations. Prepare the income tax footnote disclosures for SEC filings, including the rate reconciliation, deferred tax rollforward table, UTP tabular disclosure, and related narrative. Tax Compliance Support the preparation and review of the U.S. federal consolidated corporate income tax return (Form 1120) and state/local income and franchise tax returns. Internal Controls & Process Improvement Maintain tax process documentation for Sarbanes-Oxley (SOX) Section 404 purposes. Identify and implement process improvements and automation opportunities to increase efficiency and reduce risk in the tax close process. Maintain and enhance tax accounting policies and procedures in accordance with U.S. GAAP. Cross-Functional Collaboration Partner with FP&A, Accounting, Legal, Treasury, and Stock Administration to gather data needed for the provision and compliance processes. Liaise with external auditors (Big 4) on tax-related audit procedures, PBC requests, and technical matters; respond to auditor inquiries in a timely and thorough manner. Support tax planning initiatives, M&A transactions, and other special projects as assigned, including purchase price allocation analyses and Section 382 studies. REQUIRED QUALIFICATIONS Bachelor's degree in Accounting, Finance, or related field; Master of Science in Taxation (M.S.T.) or J.D./LL.M. preferred. Certified Public Accountant (CPA) license required. 5–7 years of corporate income tax experience, with significant focus on ASC 740 income tax provision for a publicly traded company (in-house) or large public company clients (public accounting). Strong technical knowledge of U.S. GAAP income tax accounting (ASC 740), including deferred taxes, valuation allowances, uncertain tax positions, and intraperiod tax allocation. Experience with SEC income tax footnote disclosures (10-K / 10-Q). Familiarity with U.S. federal and multi-state corporate income tax compliance (Form 1120). Hands-on experience with tax provision software (e.g., OneSource Tax Provision, CorpTax, or equivalent). Working knowledge of SOX 404 internal control requirements as they relate to the tax function. Excellent analytical, organizational, and written communication skills. Ability to manage multiple priorities and meet tight deadlines in a fast-paced, publicly traded company environment. PREFERRED QUALIFICATIONS Big 4 or large regional public accounting firm background. Experience with international tax provisions, including GILTI, FDII, BEAT, Pillar Two / global minimum tax considerations. Exposure to tax accounting for mergers, acquisitions, or restructurings (purchase accounting, Section 382). Proficiency with ERP systems (SAP, Oracle) and data tools (Alteryx, Excel Power Query). KEY COMPETENCIES Technical Excellence — Deep, current knowledge of ASC 740 and U.S. corporate tax. Attention to Detail — Accuracy and thoroughness in complex, high-stakes financial calculations. Communication — Ability to explain technical tax concepts to non-tax audiences, including CFO and Audit Committee. Collaboration — Comfortable working across Finance, Legal, and external advisors. Ownership — Takes initiative; drives issues to resolution without constant direction. Continuous Improvement — Proactively identifies and implements process efficiencies. The annual salary range for California is $112,000 to $208,000. You may also be eligible to receive incentive compensation: bonus, equity, and benefits. Sales positions generally offer a competitive On Target Earnings (OTE) incentive compensation structure. Please note that the salary range is a guideline and compensation may vary based on factors such as qualifications, skill level, competencies and work location. Our benefits programs include: paid vacation and paid holidays, 401(k) plan with employer match, employee stock purchase plan, a variety of medical, dental and vision plan options, and more. We’re doing work that matters. Help us solve what others can’t. Additional Jobs ( Equal Employment Opportunity Policy: Cadence is committed to equal employment opportunity throughout all levels of the organization. Read the policy(opens in a new tab) ( We welcome your interest in the company and want to make sure our job site is accessible to all. If you experience difficulty using this site or to request a reasonable accommodation, please contact View email address on click.appcast.io. Privacy Policy: Job Applicant If you are a job seeker creating a profile using our careers website, please see the privacy policy(opens in a new tab) ( . E-Verify Cadence participates in the E-Verify program in certain U.S. locations as required by law. Download More Information on E-Verify (64K) ( Cadence plays a critical role in creating the technologies that modern life depends on. We are a global electronic design automation company, providing software, hardware, and intellectual property to design advanced semiconductor chips that enable our customers create revolutionary products and experiences. Thanks to the outstanding caliber of the Cadence team and the empowering culture that we have cultivated for over 25 years, Cadence continues to be recognized by Fortune Magazine as one of the 100 Best Companies to Work For. Our shared passion for solving the world’s toughest technical challenges, our dedication to pushing the limits of the industry, and our drive to do meaningful work differentiates the people of Cadence. Cadence is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, basis of disability, or any other protected class. Cadence is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, basis of disability, or any other protected class. #J-18808-Ljbffr