At MPC were committed to being a great place to work one that welcomes new ideas encourages diverse perspectives develops our people and fosters a collaborative team environment.
Position Summary:
The Property Tax Specialist is a highly skilled professional responsible formanaging and ensuringcompliance with state and local property tax regulations with a particular emphasis on the valuation of a multi-state portfolio of midstream assets including inter/intrastate pipelines storage and processing facilities. The role demands deep technical knowledge of state and local tax regulations and proficiency in unitary valuation techniques income approach and cost-based valuation models. Strong written and oral communication skills are necessary to effectively engage with key stakeholders tax authorities and outside advisors. Robust analytical skills and ability to multitask are required to work in a dynamic fast-paced environment. The ideal candidate for this role demonstrates expertise both within the company and the broader industry leveraging relationships to achieve results.
Key Responsibilities:
Timely preparation and completion of state and local property tax filings for multiple entities and states pertaining to oil and gas operating properties including but not limited to gas processing plants gathering lines pipelines refineries commercial properties and office buildings. This involves working with other departments within the company to gather the required information compile supporting documentation and use of tax software in the preparation of the tax filings.
Determine appropriate property tax valuation standards recommend and assist in implementing property tax policies and procedures that ensure the most beneficial treatment for the Company and its affiliates.
Support monthly and quarterly accrual asset and tax account balance variance analysis and reconciliations.
Develop and implement value-add tax planning strategies; research and identify proactive opportunities for tax savings utilizing abatements exemptions and regulatory and legislative analysis.
Negotiate tax settlements at all stages of the valuation and/or appeal process.
Provide property tax valuation expertise advice and tax estimates for management pertaining to existing assets and operations tax planning for proposed projects and investments and major transactions.
Review and interpret existing and proposed property tax laws regulations policies and judicial interpretations to minimize the Company and its affiliates property tax liability and risk mitigation and advise key stakeholders accordingly. Collaborate with internal staff and industry tax organizations in analyzing and developing action plans to address adverse state and local property tax regulations.
Initiate appeals and legal challenges on valuations and regulatory issues as directed by Tax management.
Coordinate the Company and its affiliates property tax audits defend personal property tax returns before taxing jurisdictions provide expert witness testimony secure third-party witnesses and legal counsel and prepare and provide recommendations concerning audit and litigation settlements.
Represent the Company and its affiliates before state tax commissions departments of revenue and local boards of review as well as at national state or local tax conferences and industry meetings to protect the Company and its affiliates interest.
Experience and Education:
Bachelors degree in Accounting/Business/Finance/related field is required
Five (5) to ten (10) years of progressive experience or equivalent skillset level with greater than ten (10) years of experience as a tax professional
Midstream industry experience required
Expertise of tax rules and regulations
Skills:
Strong written and oral communication skills with ability to communicate tax issues to non-tax team members
Strong ability to collaborate well across all functions
Ability to lead projects from beginning to end with minimal oversight
Travel:
Travel is required and can be frequent (approximately 25%)
As an energy industry leader our career opportunities fuel personal and professional growth.
Location:
Houston TexasAdditional locations:
Job Requisition ID:
Location Address:
500 Dallas St Ste 2900Education:
Bachelors (Required)Employee Group:
Full timeEmployee Subgroup:
RegularMarathon 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 reproductive health decision-making 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 . 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. Marathon Petroleum offers a total rewards program which includes but is not limited to access to health vision and dental insurance paid time off 401k matching program paid parental leave and educational reimbursement. Detailed benefit information is available at.The hired candidate will also be eligible for a discretionary company-sponsored annual bonus program.
Equal Opportunity Employer: Veteran / Disability
We will consider all qualified Applicants for employment including those with arrest or conviction records in a manner consistent with the requirements of applicable state and local reviewing criminal history in connection with a conditional offer of employment Marathon will consider the key responsibilities of the role.
Required Experience:
IC