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Location Name: Various, Various 
Job/Requisition ID: 62567 
Location Address: Various, Various, Various, United States (US), Various
Education Level: Bachelor's Required 
Relevant Experience Level: Senior (11+ Years) 
Employee Group: Regular - Full Time
Employee Subgroup: Salaried Exempt

 

This position can be seated in San Antonio, TX OR Findlay, OH.  Relocation is offered for this position, per mileage requirements.

 

POSITION SUMMARY:

The Partnership Federal Income Tax Compliance group is responsible for federal partnership income tax compliance requirements for Marathon Petroleum Corporation, principally consisting of MPLX LP, a publicly traded master limited partnership. This role is responsible for the supervision of the production and review of all partnership income tax returns within the Master limited partnerships, including all form K-1s. This role supervises the partnership compliance team, provides workflow and process management to the income tax return, K-1 processing, and the provision modeling required to provide the federal corporate compliance team all needed data for the corporate tax returns. This role is responsible for reviewing, analyzing, and ensuring the partnership income tax compliance is performed in accordance with the master limited partnership agreement and the applicable tax law. The position partners with other Tax Organization groups and interfaces with Accounting, Financial Planning, Business Development, and Internal Audit, as well as with outside parties including the MLP’s financial audit and MLP tax service teams.  Creates a team environment and assists in training and mentoring staff and senior analysts.

 

KEY RESPONSIBILITIES:

  • Possesses the detailed Internal Revenue Code subchapter K knowledge needed to identify specific processes and procedures needed to comply with all relative tax laws and regulations.  Interfaces with the Partnership Technical tax consultant to verify compliance with applicable federal partnership tax law.
  • Works directly with the partnership K-1 systems service provider to ensure the K-1 processing system calculates the MLPs K-1 investors’ information correctly.  This position, with the direction of the Partnership Income Tax Manager, oversees the timely K-1 processing.  This includes insuring that the IRS tax package is issued in accordance with the tax laws and regulatory guidance in effect at time of issuance. 
  • Working with the Partnership Income Tax Manager and the outside tax personnel of non-operated partnerships, reviews all partnership agreements and assists the manager to inform third party operators about MPLX’s tax information needs.  This role maintains effective relationships with third party tax information providers.
  • Responsible for the review and preparation of tax return work-papers.  More complex tax compliance tasks may be assigned to the consultant role and are reviewed by the manager.  Routine preparation work is generally performed by staff and senior tax analysts and their work is reviewed by this role.
  • The consultant will also review the preparation of the annual Schedules K-1, including monthly and annual schedules of book to taxable income, net cash equivalents, and financial and tax basis balance sheets.
  • Reviews and reconciles inputs and outputs from the MLP database, including documenting compliance with internal controls.
  • Reviews tax fixed asset activities as supported in the Marathon internal and MLP K-1 service providers systems.
  • Reviews SAP tax depreciation and gain/loss calculations, analyzing partnership depreciation and gains/losses to partners.
  • Provide analysis and information required for business development and tax planning activities.
  • Interface with Marathon Petroleum and MPLX Accounting Organization personnel to obtain and understand financial data and transactions.
  • Investigate and respond to public unitholder inquiries.
  • Mentor and train tax staff.

 

EDUCATION AND EXPERIENCE:

  • Degree: Bachelor’s degree in Accounting required, a master’s degree in accounting or taxation strongly preferred
  • Certifications: Certified Public Accountant is very strongly preferred and is required for promotion to management positions
  • Computer Proficiencies:  SAP, Oracle, and Corptax income tax compliance and provision software experience is preferred. A strong proficiency in Excel is required.  Alteryx proficiency must be obtained.
  • Work Experience:  A minimum of 4-8 years of recent federal partnership income tax compliance experience (MLP experience very strongly preferred but not required) and 10 or more total years of corporate and/or partnership income tax compliance experience overall.  The individual selected for this position will establish themselves as the “go-to” person for the area they are asked to lead.
  • Must have strong interpersonal and communication skills, both written and verbal
  • Ability to research and document tax issues
  • Must have desire and ability to learn, grow in tax knowledge and application and lead a team.


#LI-CR1 


About Marathon Petroleum Corporation

 

Marathon Petroleum Corporation is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. The company operates the nation’s largest refining system with more than 3 million barrels per day of crude oil capacity across 16 refineries. Marathon Petroleum's marketing system includes branded locations across the United States, including Marathon branded outlets. Speedway LLC, a Marathon Petroleum subsidiary, owns and operates retail convenience stores across the United States. MPC also owns the general partner and majority limited partner interest in MPLX LP, a midstream company which owns and operates gathering, processing, and fractionation assets, as well as crude oil and light product transportation and logistics infrastructure.


Travel Expected: Up to 10%

 

Marathon Petroleum Company LP is an Equal Opportunity Employer and gives consideration for employment to qualified applicants without discrimination on the basis of race, color, religion, creed, sex, gender (including pregnancy, childbirth, breastfeeding or related medical conditions), sexual orientation, gender identity, gender expression, age, mental or physical disability, medical condition or AIDS/HIV status, ancestry, national origin, genetic information, military, veteran status, marital status, citizenship  or any other status protected by applicable federal, state, or local laws.  If you would like more information about your EEO rights as an applicant, click here.
 

If you need a reasonable accommodation for any part of the application process at Marathon Petroleum LP, please contact our Human Resources Department at talentacquisition@marathonpetroleum.com. Please specify the reasonable accommodation you are requesting, along with the job posting number in which you may be interested. A Human Resources representative will review your request and contact you to discuss a reasonable accommodation.
 

Equal Opportunity Employer: Veteran / Disability
 

Marathon Petroleum Company LP participates in the E-Verify program in some states in which it operates (including AL, AZ, GA, MS, NC, SC, TN, and UT). For more information before proceeding, please see details in English or Spanish. Right to Work Statement English or Spanish.

To view benefit information for Marathon Petroleum Corporation please visit mympcbenefits.com.


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