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James Francis Wagner
Senior Director of Tax Planning and Administration
Sunoco LP
Philadelphia, Pennsylvania, USA
Partnership - Publicly-Held
Professional Summary
Highly motivated, analytical, and creative Senior Tax Executive with extensive experience in establishing and managing a global corporate tax department. Adept with planning, compliance, audit management and defense, tax accounting (ASC 740, FIN 48, APB 28/FIN 18), and Sarbanes Oxley compliance matters. Diverse experience dealing with advisors, legislative matters, and regulators. Extensive experience in federal, state, and international tax matters.
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Languages
- English
Industry Experience
- Oil & Gas
Interests/Hobbies
- Golf
- Traveling
- Bicycling
Birthday
April 14Social Media
Experience
Sunoco LP
Philadelphia, Pennsylvania, USA 19103
Philadelphia, Pennsylvania, USA 19103
Senior Director of Tax Planning and Administration
Partnership - Publicly-Held
2010 - 2016
• Responsible for management of direct and indirect tax planning, accounting , and compliance
• Responsible for managing the effective accounting tax rate and cash tax rate for one of the largest independent oil refiner-marketers in the US.
• Coordinated Implementation of tax provision software with overhaul of tax provision process.
o Significantly improved internal controls to successfully remediate existing material weakness.
• Perform research, planning, and analysis of global tax issues.
o Implemented captive insurance company to accelerate $300 million of tax deductions in 2013
o Developed new tax planning model to capture all relevant variables to manage tax environment.
o Changed tax accounting method to preserve $500 million of taxable income under LIFO method
• Key participant in major divestiture of non-core business.
• Manage tax accounting and compliance requirements for operations in 4 countries.
• Coordinated comprehensive review of book and tax basis balance sheet by outside accounting firm conducting deferred tax study.
• Responsible for all 10K and 10Q tax reporting requirements.
• Manage a Tax Staff of 20 personnel.
• Responsible for managing the effective accounting tax rate and cash tax rate for one of the largest independent oil refiner-marketers in the US.
• Coordinated Implementation of tax provision software with overhaul of tax provision process.
o Significantly improved internal controls to successfully remediate existing material weakness.
• Perform research, planning, and analysis of global tax issues.
o Implemented captive insurance company to accelerate $300 million of tax deductions in 2013
o Developed new tax planning model to capture all relevant variables to manage tax environment.
o Changed tax accounting method to preserve $500 million of taxable income under LIFO method
• Key participant in major divestiture of non-core business.
• Manage tax accounting and compliance requirements for operations in 4 countries.
• Coordinated comprehensive review of book and tax basis balance sheet by outside accounting firm conducting deferred tax study.
• Responsible for all 10K and 10Q tax reporting requirements.
• Manage a Tax Staff of 20 personnel.
Education
MS, Taxation 1992
Drexel University
Philadelphia, Pennsylvania, United States
• Tax Executive Institute (TEI)
• Committee on State Taxation (COST)
• Manufacturers Alliance for Productivity and Innovation – Tax Council (MAPI)
• Beta Gamma Sigma - National honor society for collegiate schools of business
• Committee on State Taxation (COST)
• Manufacturers Alliance for Productivity and Innovation – Tax Council (MAPI)
• Beta Gamma Sigma - National honor society for collegiate schools of business