Sr Tax Accountant

About Us

NewMarket Corporation is the parent company of Afton Chemical Corporation and Ethyl Corporation. Afton Chemical is one of the largest global suppliers of lubricant additives and offers a broad line of fuel additives worldwide. 

Job Summary

The purpose of the Sr. Tax Accountant position is to support the tax department and the multinational business through the preparation of federal, state and local corporate tax returns, accounting for income taxes under ASC740, researching federal and state tax matters, and supporting and identifying tax planning and process improvements, in alignment with the company’s vision and values.

Tax Planning and Process Improvements

• Maintain up-to-date knowledge of tax issues affecting the company through CPE and identify opportunities to reduce the tax liability of the company. Support business initiatives while seeking opportunities to maximize shareholder value, reduce risk, and manage tax liability.
• Identify opportunities to simplify non-value-added processes and use technology to increase efficiency, including increasing automation of workpapers to improve tax compliance and close processes and increasing use of SAP functionality.

Accounting for Income Taxes

• Calculation of the quarterly income tax accrual under ASC 740 for domestic and certain international subsidiaries, including recording accruals in general ledger software and preparation of income tax footnotes and disclosures for SEC filings.
• Perform all job responsibilities in compliance with Sarbanes-Oxley controls; revise and update Sarbanes-Oxley controls as needed.

Tax Compliance and Audits

• Assist the tax department in the preparation of federal, state and local income tax returns, including calculation of quarterly estimated payments and extension payments. Consolidated federal return includes approximately 9 domestic legal entities, 18 foreign subsidiaries, and over 15 foreign and domestic disregarded entities. The company operates in approximately 48 states.
• Preparation of various federal, state and local tax returns, including sales and use, property, excise and fuel tax.
• Responsible for managing multiple state audits and assisting with federal audits, including coordination and communication with auditors and internal personal to gather information necessary to respond to audit requests.
• Research and analysis of various tax issues, including income, sales and use, and property tax.

Education and Experience Required:

• Bachelor’s degree in Accounting, Master of Accounting or Taxation degree preferred
• CPA, preferred
• 10 years relevant work experience required
• Experience with automated accounting systems (SAP or other GL), Thomson Reuters OneSource or other tax return compliance and tax provision software, and MS Office
• Strong Microsoft Excel skills and familiarity with a data analytics tool like Power BI or Alteryx preferred.

Skills and Competencies:

• Demonstrates in-depth knowledge of federal and state tax regulations
• Demonstrates proficiency in interpreting and applying tax law, regulations, and case law
• Demonstrates in-depth working knowledge of tax accounting practices and principles
• Demonstrates knowledge of OneSource or other tax return preparation/provision software
• Demonstrates knowledge of SAP or other ERP system
• Demonstrates effective written and oral communication skills
• Demonstrates initiative and the ability to work independently with limited supervision
• Demonstrates ability to work in a team environment
• Able to handle multiple tasks and projects concurrently
• Able to prioritize and work well under pressure in deadline-oriented environment
• Able to work well and communicate with executive leadership positions
• Demonstrates high level of responsibility
• Able to work overtime as needed

Working at NewMarket

Who We Are - We're a diverse, global family of individuals, who share a passion for developing innovative solutions. We build our professional relationships on respect, integrity and a commitment to safety and quality. Just as these values apply to our professional relationships, they also apply to the way we feel about our neighbors and communities.

Our Work - At NewMarket, our innovative R&D programs lead to global growth. Our lubricant and fuel additives are among the most highly developed and widely used in the petroleum industry. Afton is a recognized and trusted supplier of driveline lubricant additives, engine oil additives, fuel additives and industrial lubricant additives.

Benefits / Compensation - We offer competitive compensation and benefit packages that reflect our commitment to our employees. Our employees are our most treasured asset and we have dedicated resources that allow us to reward our employees for their commitment on an ongoing basis - ensuring our compensation packages are competitive in the industry.

An Equal Employment Opportunity/Affirmative Action Employer.  All qualified applicants will receive consideration for employment without regard to the individual’s race, color, sex, sexual orientation, gender identity, national origin, religion, age, disability, genetic information, status as a military veteran or any other characteristic protected by applicable law.