Accounting Tax
Resume:
SHALANDO S. SMITH
Downey, CA 90241
********@*****.***
OBJECTIVE
To proactively manage complexities and consistently deliver on financial growth opportunities while serving as a key strategic business partner for a multinational
AREAS OF PROFICIENCY
Cross-Border M&As
Worldwide Tax Planning
Global Financial Planning & Analysis
Global Transfer Pricing
US, Europe, Asia, Brazil
Global Accounting for Income Taxes
Global Tax Compliance
Global Transfer Pricing
Management of KPIs
EDUCATION
The University of Texas, Austin Texas May 1998
Masters of Professional Accounting, Tax
Bachelors of Business Administration, Accounting
Honors Program: Professional Program of Accounting (PPA)
PROFESSIONAL WORK EXPERIENCE
Kraton Corporation, Houston, Texas 2009 – 2020
Director of Tax & M&A
Advise Board & C-suite Executives on optimal operational and legal structure for cross-border transactions
Executed Taiwan Joint Venture structure for production capacity, including access to $20m offshore cash and successfully defending reduced withholding tax rate of 3.5%-10%
Designed United Kingdom inversion structure for Taiwan M&A combination to provide margin growth and reduce ETR 10-15%
Employed international structure to consummate acquisition of same-size multinational, creating $400m cash repatriation valve, representing 50% accretion to earnings
Identified structure for Brazil & the Netherlands asset disposition of low-end margin product, eliminating $140m capital gain tax
Performed as key member to M&A due diligence teams to optimize deal structures, complete valuation analysis, including DCFs, IRR, preservation of tax attributes/NOLs & identify unrecognized tax liabilities affecting $10m of purchase price valuation
Significantly impact results through strategic financial initiatives, including management of KPIs and minimizing global taxes by optimizing transfer pricing
Implemented European Single Billing Entity (SBE) structure by bridging the commercial and operations teams, negotiating Dutch tax rulings and favorably resolving ongoing transfer pricing audits leading to the reduction of Europe’s ETR
Designed and executed 6 debt restructuring transactions to improve capital structure with reduced interest rates, extended maturities, improved balance of secured vs unsecured debt, and access to $500m offshore cash, tax-efficiently; participated in roadshow to market debt to investors
Identified and created cross-border (between US, Europe, Brazil and Japan) operational structure delivering favorable global ETR, while leading improvements to streamline the annual budget process
Initiated and executed global legal entity reorganization reducing annual fixed costs by $3m and preserving NOLs in Europe, Asia & US through successful transfer pricing and structuring around operational licensing, HR and legal issues
Identified and lead operational structure to monetize Brazil VAT credits of $11m, preserving integrity of financial asset subject to reserve
Identified and created limited risk distributor (LRD) conversion structure for Asia operating entities in an efforts to balance plant assets while reducing global ETR & cash taxes
Head of Tax for a U.S. publicly traded company with manufacturing, distribution and R&D activities globally
Develop and maintain relationships with executives in order to understand the business and translate business initiatives into effective management of the global ETR
Identify and ascertain appropriate treatment of tax accounting methods and issues by working closely with the Chief Accounting Officer and organizational leaders
Manage relationship with the independent auditors to discuss issues of technical expertise and ensure timely and accurate reporting of global tax provision and related financial statement disclosures in compliance with ASC 740
Work closely with Internal Audit to effectively manage, develop and maintain policies and procedures, improve accuracy and efficiency of the tax function while complying with Sarbanes – Oxley requirements
Interface with Treasury and FP&A to assess global cash needs for planning opportunities and documenting and disclosing tax position under APB 23
In-sourced tax department, reducing annual consulting fees by $400k related to outsourced tax functions
Hired, developed and retained a successfully motivated team of tax professionals to perform compliance, provision and transfer pricing functions previously outsourced
Manage global compliance, including federal, state and foreign income tax filings for over 40 legal entities, in 20 countries by employing a process design to ensure seamless adherence to filing deadlines
Oversee indirect tax compliance, including statutory financials, property tax, sales & use and value added tax filings
Advise and assist with payroll tax issues, including management of global expatriate tax calculations
Manage global tax controversies and negotiate settlements for income taxes, customs & indirect tax audits
Identified and defended property tax valuation assessment resulting in $150k annual savings
Received Leadership Award for successfully managing sales & use tax audits resulting in $3m refund
Received Leadership Award for favorably closing ongoing Japan Tax Audit by negotiating aging transfer pricing issue, reducing exposure from $6.9m to 900k cash settlement
Successfully defended uncertain tax position examined in transfer pricing audit of Germany and France
Manage and research technical issues & special projects associated with financial planning and tax compliance
Proactively monitor pending legislation, assessing potential impact and advising senior executive management team on potential implications
Initiated process improvement to mitigate currency transaction exposure to earnings
Perform industry peer analysis of quarterly earnings results to develop communications to investors, executive management and Board of Directors
Identified research & development costs generating an additional $4.9m of U.S. tax credits
Executed compliance planning for Base Erosion & Profit Shifting (BEPS) initiatives and country by country (CbC) reporting requirements
Analyzed and delivered assurance for compliance with new section 385 regulations by properly structuring and documenting intercompany debt
ABM Industries, Inc., Houston, Texas 2008 – 2009
Manager, Income Tax
Coordinated timely preparation and conducted technical review of all domestic and foreign tax returns, including consolidated 1120, combined and separate company state returns, and Canadian returns
Established newly in-sourced tax department by ensuring appropriate level of staffing, skill sets and training/professional development while managing department’s budget
Completed worldwide income tax provisions on a timely basis in accordance with FAS 109, FIN 48, FAS 123R, and other relevant accounting standards
Prepared income tax disclosures for SEC filings and Audit Committee presentations including reporting of continuing and discontinuing operations and segment reporting
Designed comprehensive tax rate model for analysis and management of effective tax rate for federal, state, Canada, and Iceland purposes
Designed and implemented income tax provision model based on accounting software tools and tax information obtained from Division Controllers in order to efficiently streamline provision process
Maintained and updated procedures for key controls required by Sarbanes Oxley 404 for financial reporting and income tax accounts
Coordinated and managed FAS 123R accounting requirements with new implementation of Merrill Lynch’s FASTrak(r) software
Performed detail analysis of FIN 48 Reserve, including identifying and updating unrecognized tax benefits related to merger and acquisition and disclosure requirements for SEC filings
Researched and advised management on foreign interest deduction under IRC 163(e)(3) for FIN 48 Reserve and tax return reporting
Reviewed and managed analysis of tax credits such as Work Opportunity Credit, Welfare to Work, Federal Empowerment Zone, and Low-Income Housing
Developed and implemented transfer-pricing model as well as research and document corporate functions of each business units’ vice president and staff in order to generate maximum markup
Evaluated corporate organizational structure and business transactions in relation to acquisition and legal entity reorganization under Treasury Regulations 351 and 368
Researched and performed technical review of Form 8858s, Foreign Disregarded Entities and Form 5471s, Controlled Foreign Corporations, for Bermuda, Belize, United Kingdom, Luxembourg, Iceland, Mexico and Canadian entities
Managed resolution of tax examinations by various taxing authorities. Responded to information requests and notices of proposed adjustments
Monitored proposed federal and state legislation and communicated key tax issues to senior management including memos to external auditors and disclosures for SEC filings
Continental Airlines, Inc., Houston, Texas 2006 – 2008
Manager, Income Tax
Responsible for FAS109 compliance for monthly, quarterly and annual filings
Researched and advised CFO on pension accounting issues impacting the Valuation Allowance in accordance with FAS 109 reporting requirements
Performed detailed analysis of FAS 123R implementation for provision and tax return reporting while working closely with Accounting Controller and staff
Established and maintained tax basis balance sheet model to track current and deferred book/tax differences, with critical analysis of NOLs and AMT credit preservation
Built and managed NOL model while working closely with Financial Planning to analyze the forecast and acquisition versus lease of new aircraft
Managed internal audits to ensure SOX compliance; managed relationship with independent auditors to mitigate Audit Committee issues
Coordinated timely preparation and conduct technical review of all federal and state tax returns, including consolidated 1120 and combined and separate company state returns
Coordinated TaxDimensions software downloads, system configuration and maintenance, general ledger account mapping
Performed technical review of Form 5471s, Controlled Foreign Corporations, for Mexico entities.
Managed general ledger tax accounts including current and deferred taxes, federal, state and foreign tax payables
Coordinated and prepared responses for tax audits as well as manage outcome of various state audits.
Coordinated compliance issues with expatriates working in China, Japan, The Netherlands, London, Denmark and India
Coordinated and maintained tax calendar and administrative tax filings in compliance with SOX key controls
Enron Corp, Houston, Texas 2003 – 2006
Senior Partnership Tax Accountant
Reviewed and prepared corporate and partnership tax returns
Reviewed and prepared partner basis calculations and capital account analysis
Reviewed and prepared tax basis balance sheets and stock basis analysis
Reviewed and prepared monthly, quarterly and year-end tax provisions
Baker Hughes, Houston, Texas 2000 – 2003
Senior Tax Accountant
Coordinated consolidated corporate tax return,
Analyzed R&D, 59(e), dividends and Subpart F income
Reviewed and prepared corporate and partnership tax returns
Coordinated IRS audits and self-proposed audit adjustments
Prepared Form 5471s for Controlled Foreign Corporations
Prepared sourcing analysis for Foreign Tax Credit position
Analyzed retained earnings and intercompany adjustments
Prepared FAS 109 components for reporting purposes
Coordinated TaxDimensions software downloads, system configuration and maintenance, general ledger account mapping and training of staff
Coordinated and maintained tax calendar and administrative tax filings, staff scheduling and performance evaluations
Interviewed prospective senior tax accountants
PricewaterhouseCoopers, LLP, Houston, Texas 1998 – 2000
Senior Tax Accountant
Reviewed corporate, partnership and individual tax returns
Prepared employee performance evaluations
Coordinated client and employee scheduling and billing
Maintained client relationships and accounts
Coopers & Lybrand, LLP, Houston, Texas 1997 – 1998
Tax Intern
Prepared corporate, partnership and individual federal returns
Prepared corporate and partnership state tax returns
Prepared non-profit organization, trust, and other miscellaneous federal tax returns
SOFTWARE SKILLS
Proficient in Microsoft Office Products, CorpTax, FastTax, TaxDimensions, ThomsonReuters InSource RS, CCH Online Research, RIA Checkpoint, BNA, SAP, Hyperion, Oracle, ProSystems, Tax Information Systems, Lotus, Quicken, Tax Calendar
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