Property Tax Specialist

Property Tax Specialist

An exciting career awaits you At MPC, we're 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 for managing and ensuring compliance 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 affiliate's 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 affiliate's 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 affiliate's interest.

Experience and Education : Bachelor's 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%)

Location : Houston, Texas. Additional locations.

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, 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.