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Company Name: Marathon Petroleum Company LP  
 

The Partnership Federal Income Tax Compliance section is responsible for federal partnership income tax compliance requirements for Marathon Petroleum Corporation, primarily MPLX LP, a publicly traded master limited partnership.  Compliance responsibilities include assisting in the preparation of the annual forms Schedule K-1, Partner’s Share of Income and Deductions, as well as federal partnership returns of income for MPLX LP and its subsidiary partnerships.  The analyst also researches partnership tax issues, participates in business development projects, prepares deferred tax analyses, compiles forecasts, and investigates unitholder inquiries.

 

The tax analyst is expected to handle multiple tasks and meet internal and regulatory filing deadlines.  The position reports to the Federal Partnership Income Tax Compliance Supervisor.

 

The tax analyst partners with other Tax Organization sections and interfaces with Accounting, Financial Planning, Business Development, and Internal Audit, as well as with outside parties including the PwC financial audit and MLP service teams.  The tax analyst works in a team environment and assists in maintaining the integrity of the MLP database and confidentiality of sensitive company and public unitholder data.

 

Responsibilities:

  1. Assist in the preparation of annual Schedules K-1, including monthly and annual schedules of book to taxable income, net cash equivalents, and financial and tax basis balance sheets.
  2. Verify and reconcile inputs and outputs from the MLP database, including documenting compliance with internal controls.
  3. Analyze and reconcile tax fixed asset activities as supported in the Marathon internal and PwC MLP services systems.
  4. Process and verify tax depreciation and gain/loss calculations.
  5. Analyze partnership depreciation and gains/losses to partners.
  6. Assist in the compilation of forecast data necessary for quarterly consolidated corporate tax provisions.
  7. Research federal partnership income tax issues.
  8. Provide analysis and information required for business development and tax planning activities.
  9. Interface with Marathon Petroleum and MPLX Accounting Organization personnel to obtain and understand financial data and transactions.
  10. Assist in the preparation of partnership and corporation state income tax returns and corporate federal income tax returns as needed.
  11. Investigate and respond to public unitholder inquiries.

 

Qualifications:

Degree: Bachelor degree required, a master’s degree in taxation a plus

 

Major: Accounting or Tax

 

Certifications: Certified Public Accountant is strongly preferred.

 

Computer Proficiencies:  SAP, Oracle, and Corptax income tax compliance and provision software experience is preferred. A strong proficiency in Excel is required.

 

Work Experience: The candidate must demonstrate a sufficient background in tax knowledge and experience, preferably including partnerships. A minimum five years of work experience is strongly preferred.

 

#LI-PH1

 

 

About Marathon Petroleum Corporation

Headquartered in Findlay, Ohio, Marathon Petroleum Corporation (MPC) operates an integrated refining, marketing and transportation system.

MPC is the nation's second-largest refiner, with a crude oil refining capacity of approximately 1.9 million barrels per calendar day in its six-refinery system. Marathon brand gasoline is sold through approximately 5,600 independently owned retail outlets across 20 states and the District of Columbia. In addition, Speedway LLC, an MPC subsidiary, owns and operates the nation's second-largest convenience store chain, with approximately 2,730 convenience stores in 21 states.

 

Through subsidiaries, MPC owns the general partner of MPLX LP, a midstream master limited partnership. Primarily through MPLX, MPC owns, leases or has ownership interests in approximately 10,800 miles of crude oil and light product pipelines. Also through MPLX, MPC has ownership interests in gathering and processing facilities with approximately 5.9 billion cubic feet per day of gathering capacity, 8.2 billion cubic feet per day of natural gas processing capacity and 610,000 barrels per day of fractionation capacity. 

MPC's fully integrated system provides operational flexibility to move crude oil, NGLs, feedstocks and petroleum-related products efficiently through the company's distribution network and midstream service businesses in the Midwest, Northeast, East Coast, Southeast and Gulf Coast regions.

 

Job Function: Corp Functions; Fin and Acctg
Travel Expected: Up to 10%

 

If you have visited our site in search of information on U.S. employment opportunities and require an accommodation to submit your application, please contact the MPC EEO/Compliance Office at 866-492-7802. Note that we only accept resumes and applications for posted positions.

 

Marathon Petroleum Company LP (“MPC”) is an equal employment opportunity employer.  All applicants will be considered without regard to their race, color, religion, sex, age, disability, national origin, sexual orientation, genetic information, gender identity, veteran status or other legally protected status.


Nearest Major Market: Lima
Nearest Secondary Market: Findlay

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