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Company Name: Marathon Petroleum Company, L.P.  
 

 

Supervisor – Federal Partnership Income Tax Compliance

 

The Partnership Federal Income Tax Compliance section is responsible for federal partnership income tax compliance reporting requirements for Marathon Petroleum Corporation and subsidiaries, primarily MPLX LP, a publicly traded master limited partnership (MLP).  Compliance responsibilities include the preparation of the annual forms Schedule K-1, Partner’s Share of Income and Deductions, federal partnership returns of income for MPLX LP and its subsidiary partnerships, and assist, as needed, with preparation of state income tax returns. 

 

The supervisor leads the Federal Partnership Income Tax Compliance function, researches partnership tax issues and provides the business units with effective and timely income tax advice, participates in business development projects, coordinates deferred tax analyses, manages forecasts, and oversees resolutions of unitholder issues.  The supervisor ensures that the section’s assigned partnership entities comply with internal and regulatory filing deadlines.  The position reports to the Income Tax Compliance Manager.

 

Responsibilities:

  1. Manage the entire MPLX LP and lower-tiered partnerships federal income tax reporting processes.  Comply with the federal tax code, particularly Subchapter K.  Oversee the preparation of Schedules K-1, including required monthly and annual schedules of book to taxable income, net cash equivalents, and financial and tax basis balance sheets. 
  2. Manage a staff of three to four partnership income tax analysts.  Promote staff career development including training and maintain a highly cooperative team environment.
  3. Develop and maintain a strong and collaborative relationship with the PwC MLP service’s group. Provides the PwC MLP service provider with required fixed asset, taxable income and balance sheet data and details required to compute 704(b) books and 704(c) allocations for MPLX LP.
  4. Effectively interact with MPLX Accounting - Denver Division - to maintain and provide all needed accounting records for tax returns and tax provision purposes.
  5. Research and report on federal partnership income tax compliance issues and planning matters including mergers and acquisitions, capital development projects and divestments. This function includes development of modeling needed to determine optimized tax planning outcomes, working directly with MPC forecasting and business development, as needed.
  6. Collaborate actively with Business Development, Government Affairs, and Tax Organization management to evaluate and recommend courses of actions for business development opportunities, legislative proposals, and tax planning, including modeling of tax outcomes
  7. Ensure that the Federal Partnership section maintains strong working relationships with the Tax, Controllers, and Finance Organizations.  Participate in budgeting, forecast and other forward-looking modeling processes.
  8. Review inputs and outputs from the PwC MLP database, including documenting compliance with internal controls.
  9. Manage the compilation of MPLX forecast data necessary for quarterly consolidated corporate tax provisions.
  10. Assist as needed with the technical details of the MPC income tax provision that arise from MPLX LP activity

 

Qualifications:

Degree: Bachelor degree in Accounting; master’s degree in Accounting strongly preferred, master’s degree with taxation emphasis is a significant plus.  Other disciplines will be considered if the applicant has obtained the Certified Public Accountant (CPA) designation.

 

Certifications: Certified Public Accountant designation is highly preferred

 

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

 

Work Experience: The candidate must have demonstrated effective income tax management skills and possess a significant multi-faceted federal income tax compliance background including partnerships.  A minimum ten years of income tax work experience to include “Big 4”public accounting and/or large publicly traded entity tax experience in the subject matter area.  The candidate must have demonstrated professional competency in working with subchapter K and have the ability to provide written support for the technical merits of material tax positions.  Must understand and be able to apply knowledge of income tax accounting methods and periods as related to sub-chapter K, including disguised sales, debt allocation methods and overall partnership tax accounting processes.

 

Travel Expected:  Up to 35% for the first five months and 15% longer term

 

#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 third-largest refiner, with a crude oil refining capacity of approximately 1.8 million barrels per calendar day in its seven-refinery system. Marathon brand gasoline is sold through approximately 5,500 independently owned retail outlets across 19 states. 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. MarkWest Energy Partners, L.P., a wholly owned subsidiary of MPLX LP, is one of the largest processors of natural gas in the U.S. MPC owns, leases or has ownership interests in approximately 10,800 miles of crude and light product pipelines and more than 5,600 miles of gas gathering and natural gas liquids (NGL) pipelines.

 

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.

 

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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